Alliant Bank review: is it trustworthy?
In this Alliant Bank review you will learn about the wide range of financial products and services this excellent bank provides.
Understanding Alliant Bank: Features Mobile & Online Banking, Low Fees, High Interest Rates, & 24/7 Customer Service
A revolutionary bank that offers high interest rates, personalized investment advice, and multiple convenient services. Here is our Alliant Bank review.
Discover a full-service bank offering online and mobile banking, low fees, and an extensive ATM network. Enjoy convenient banking options, such as 24/7 customer service, overdraft protection, and savings and checking accounts.
- Financial products offered: Checking and savings accounts, loans, and credit cards
- Fee: No monthly account maintenance fee for checking accounts
- Minimum balance: No minimum balance required for checking accounts
How is banking with Alliant Bank?
Alliant Credit Union is an online-based financial institution that provides a comprehensive range of products and services.
It offers membership to employees, retirees, and members of various organizations. People who live or work near the bank’s headquarters in Chicago also have access to the bank’s services.
You can also join the credit union by paying $5 to become a member of Foster Care to Success, and Alliant will deposit the fee into your account.
The credit union provides a competitive annual percentage yield (APY) on its savings account and offers options for personal banking. This includes accounts for kids and teens.
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Alliant Credit Union has several types of accounts available, including checking, savings, CDs, and other accounts. The checking accounts, such as the High-Rate Checking, offer an APY of 0.25%. Plus, no monthly service fees or minimum balance requirements.
You must make at least one electronic deposit per month to earn dividends. The Teen Checking account is available for members who are 13 to 17 years old and also earns an APY.
The High-Rate Savings account offers an APY of 2.95% with a minimum deposit of $5 and a $100 average daily balance requirement.
The Alliant Kids Savings Account is for children aged 12 and younger. This account charges no monthly fees as long as you opt for electronic statements.
Alliant also offers CDs, which it calls Alliant Certificates, with maturity dates ranging from 12 to 60 months. The highest APY you can earn with a CD from Alliant is 4.25% for a 60-month term, and a minimum deposit of $1,000 is required.
Alliant also offers Traditional, Roth, and SEP IRA Certificates, each of which earns the same APY as the regular Alliant Certificate.
In addition to its banking products, Alliant also provides a plethora of services. They include credit cards, home loans, vehicle loans, personal loans, and life, home, and auto insurance.
The credit union’s app, available for iOS and Android, allows members to perform a number of tasks. With it you can deposit checks, monitor balances, make payments, and ask questions about their accounts via a secure messenger.
The app also features a budgeting tool to help members create and monitor financial plans.
Significant benefits and disadvantages you may find
Our Alliant Bank review would be incomplete without a clear comparison between its pros and cons. So have a look at the list of benefits and disadvantages we have prepared for you below.
- Offers mobile banking services
- No monthly maintenance fees
- Interest-bearing checking accounts
- Credit cards with rewards program
- No physical branches in many states
- Limited overdraft protection options
- Higher fees for non-network ATMs
- No mortgage services offered.
Why should you choose Alliant Bank?
Do you value a high yield savings account with no minimum balance or monthly fees, as well as access to over 80,000 ATMs nationwide? Then you should consider this bank.
It offers a range of financial products and services, making it a great option for those who want a one-stop solution for their banking needs.
Additionally, the bank’s commitment to providing excellent customer service makes it a great choice for those who value support and assistance with their financial matters.
How to start banking with Alliant Bank
If you like what you have seen in this Alliant Bank review, you might want to take the next step and open an account. If that is the case, click the link below and we will show you how to do it.
About the author / Danilo Pereira
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