Would you like to discover the full range of features offered by the Alliant Certificate of Deposit? At Responsible Economy, we delve into the details of its interest rates, requirements, and conditions. Furthermore, we provide a comprehensive comparison with the top certificates of deposits available for opening in the United States in 2023. Welcome aboard!
Video Alliant certificate of deposit
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Features
Here we show you all the characteristics of the Alliant deposit.
Fees
There are no monthly maintenance fees and opening the certificate of deposit is free.
Rates
When it comes to monthly maintenance fees, you’ll be pleased to know that the Alliant Certificate of Deposit does not charge any. Additionally, opening the certificate of deposit is completely free.
We have prepared a table displaying the interest rates applicable to each term:
Term | Dividend Rate (%) | APY (%) |
---|---|---|
3-month | 4.41 | 4.50 |
3-month jumbo($75000+) | 4.41 | 4.50 |
6-month | 4.65 | 4.75 |
6-month jumbo($75000+) | 4.65 | 4.75 |
12-month | 4.89 | 5.00 |
12-month jumbo($75000+) | 4.94 | 5.05 |
18-month | 5.03 | 5.15 |
18-month jumbo($75000+) | 5.08 | 5.20 |
24-month | 4.36 | 4.45 |
24-month jumbo($75000+) | 4.46 | 4.55 |
36-month | 4.36 | 4.45 |
36-month jumbo($75000+) | 4.46 | 4.55 |
48-month | 4.22 | 4.30 |
48-month jumbo($75000+) | 4.27 | 4.35 |
60-month | 4.27 | 4.35 |
60-month jumbo($75000+) | 4.31 | 4.40 |
Minimum deposit
When opening a deposit with Alliant, it is important to note that the minimum deposit requirement is $1,000. This means that you will need to deposit at least $1,000 to initiate the certificate of deposit.
Terms
Alliant has set a minimum term of 12 months for their certificate of deposit. This means that the shortest duration you can select for your deposit is 12 months. Additionally, the maximum term allowed for the Alliant certificate of deposit is 60 months, providing you with the option to choose a longer duration of up to 5 years.
Best banks to open a CD in 2023
We have conducted a comprehensive comparison between Alliant and some of the best certificates of deposit available for opening in the United States in 2023. Here are the key highlights:
- 5.25% APY
- Minimum deposit: $0
- Term: 18 months
- Member FDIC
- 5.10% APY
- Minimum deposit: $500
- Term: 12 months
- Member FDIC
- 5.00% APY
- Minimum deposit: $1,000
- Term: 6 months
- Member FDIC
- 5.40% APY
- Minimum deposit: $0
- Term: 16 months
- Member FDIC
- 5.18% APY
- Minimum deposit: $1,000
- Term: 12 months
- Member FDIC
- 5.15% APY
- Minimum deposit: $1,000
- Term: 12 months
- Member FDIC
- 5.15% APY
- Minimum deposit: $0
- Term: 12 months
- Member FDIC
- 5.25% APY
- Minimum deposit: $1,000
- Term: 13 months
- Member FDIC
Certificates of deposit calculator
We have developed a deposit calculator so that you can easily see how much money you can earn:
Alliant Certificate of deposit calculator
Video with the best CDs
We have created an informative video showcasing the top certificates of deposit options for 2023. In the video, we highlight the key features and benefits of each deposit, providing valuable insights to help you make an informed decision. Be sure to watch the video to discover the best certificates of deposits. Don’t forget to subscribe to our channel to stay updated with more content like this.
Requirements
These are the minimum requirements you need to fulfill in order to open this CD:
- Deposit of $1,000: You are required to deposit a minimum of $1,000 to open the certificate of deposit.
- Residency in the United States: You must be a resident of the United States to be eligible to open the CD.
- Age requirement: You need to be over 18 years old to open the certificate of deposit.
Pros and Cons
Here is a table summarizing the advantages and disadvantages of the Alliant Certificate of Deposit, taking into consideration the analysis and comparison with other top certificates of deposits available in the United States:
Pros | Cons |
---|---|
No fees | Minimum deposit $1.000 |
high rates | There are CDs with higher interest |
How much money can you earn?
The potential earnings from the Alliant Certificate of Deposit depend on the amount of money you deposit and the chosen term. If you deposit $100,000 for a 12-month term, the profit or interest you can expect to earn is $4,750. This calculation is based on the interest rate provided by Alliant for that specific term and deposit amount.
Withdrawal Penalties
If you withdraw the money before the maturity of the CD you will have a penalty. We leave you an image in which you can see all the penalties ranging from 90 days to 180 days without dividends.
Conclusion
After conducting a thorough analysis, it can be concluded that Alliant is a favorable option for opening a certificate of deposit. However, it is important to acknowledge that there are other banks offering CDs with higher interest rates and without minimum opening deposit requirements. Therefore, individuals seeking higher returns or more flexible terms may consider exploring alternative options. It’s essential to weigh the advantages and disadvantages to determine the best fit for one’s financial goals and preferences.
Frequent questions
If you have any doubts, we will solve them here:
More information about Alliant
Here we show you information of interest about Alliant:
Information | Description |
---|---|
Website | https://www.alliantcreditunion.org |
https://www.facebook.com/alliantcreditunion | |
https://twitter.com/AlliantCU | |
Phone | 1 (800) 328-1935 |
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Updated the day 1 September, 2023 by Alfredo Barandiarán
Alfredo Barandiarán is not only passionate about finance and the economy, but also has more than 10 years of experience helping people find the best possible financial product. He has worked for 5 years at Iahorro and 2 years at Atrapacrédito. He has currently been running the financial comparator Responsible Economy for 3 years. I graduated in business from Complutense University of Madrid and has studied at ESIC and CEF. You can see all the professional experience of Alfredo Barandiarán on his LinkedIn profile