Alliant Certificate of deposit review

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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YouTube video
Alliant certificate of deposit

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:

TermDividend Rate (%)APY (%)
3-month4.414.50
3-month jumbo($75000+)4.414.50
6-month4.654.75
6-month jumbo($75000+)4.654.75
12-month5.135.25
12-month jumbo($75000+)4.185.30
18-month4.945.05
18-month jumbo($75000+)4.985.10
24-month4.364.45
24-month jumbo($75000+)4.464.55
36-month4.364.45
36-month jumbo($75000+)4.464.55
48-month4.224.30
48-month jumbo($75000+)4.274.35
60-month4.274.35
60-month jumbo($75000+)4.314.40
Alliant CD rates

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.

Allian CD features
Allian CD features

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:

Logo capital One CDs
  • 5.25% APY
  • Minimum deposit: $0
  • Term: 18 months
  • Member FDIC
Marcus by Goldman Sachs
  • 5.10% APY
  • Minimum deposit: $500
  • Term: 12 months
  • Member FDIC
CIT Bank Logo
  • 5.00% APY
  • Minimum deposit: $1,000
  • Term: 6 months
  • Member FDIC
synchrony-bank-logo
  • 5.40% APY
  • Minimum deposit: $0
  • Term: 16 months
  • Member FDIC
Alliant Logo
  • 5.18% APY
  • Minimum deposit: $1,000
  • Term: 12 months
  • Member FDIC
Bask bank logo
  • 5.15% APY
  • Minimum deposit: $1,000
  • Term: 12 months
  • Member FDIC
Barclays Logo
  • 5.15% APY
  • Minimum deposit: $0
  • Term: 12 months
  • Member FDIC
BMO logo
  • 5.25% APY
  • Minimum deposit: $1,000
  • Term: 13 months
  • Member FDIC

Certificate of deposit calculator

We have created a deposit calculator for you to see the interest generated and the total earnings:

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.

Best CDs

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:

ProsCons
No feesMinimum deposit $1.000
high ratesThere are CDs with higher interest
Pros and cons Alliant CD

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.

Alliant CD penalties
Alliant CD penalties

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:

InformationDescription
Websitehttps://www.alliantcreditunion.org
Facebookhttps://www.facebook.com/alliantcreditunion
Twitterhttps://twitter.com/AlliantCU
Phone1 (800) 328-1935
More information about Alliant

Related content

Finally, here you have a related posts about CDs:

Updated the day 2 October, 2023 by Alfredo Barandiarán

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