Alliant Credit Union is an online-only financial institution with a suite of attractive personal banking products, including high-earning certificates of deposit (CDs), free checking accounts, and multiple savings accounts designed for both adults and kids.
The credit union is light on fees, and its APYs are fairly competitive across the board. But it’s not necessarily the right choice for everybody’s banking needs. Here’s what you should know about Alliant Credit Union.
Rates and fees are current as of Nov. 18, 2025, and are subject to change.
Alliant Credit Union at a glance
Alliant Credit Union Ultimate Opportunity Savings
| Checking accounts | Up to 0.25% APY |
| Savings accounts | Up to 3.10% APY |
| CD rates | Up to 4.10% APY |
at MoneyLion
- Year Founded: 1935
- Company Headquarters: Chicago, IL
- CEO: Dennis Devine
Credit union details checked Nov. 18, 2025.
Who is Alliant Credit Union good for?
Alliant Credit Union is good for families who want to build steady savings with solid APYs and goal-oriented tools. Its low-cost savings and checking accounts earn interest at fairly competitive rates, and the credit union even offers accounts geared toward kids to help them learn financial responsibility.
Alliant is also good for anyone looking to invest in a CD, as it’s got a few options with rates at or above 4.00% APY.
Though there may be an image of credit unions as having restrictive membership requirements based on geography or employment, Alliant’s friendly membership requirements make it possible for almost anyone to join.
Who shouldn’t use Alliant Credit Union?
Alliant doesn’t offer business accounts, which may be an issue if you’re a business owner seeking an account to keep your business and personal finances separate.
You won’t find business checking accounts, business loans, business credit cards, etc. If what you need is to quarantine your business-related banking from your personal banking, look elsewhere.
This credit union is also a fully digital institution. It operates exclusively online, meaning it has no physical branches. If you’d prefer to bank in-person, you won’t be satisfied with Alliant.
Pros
- No fees on checking accounts
- Extensive network of ATMs
- Competitive high-yield savings account APY
Cons
- No business accounts
- No physical locations
- Some accounts not available nationwide
Alliant Credit Union rates and products
Again, Alliant Credit Union offers high-interest checking accounts for both adults and teens, as well as savings accounts for adults and young kids. It also offers CDs with generous APY.
Alliant is largely fee-free, with relaxed requirements to keep your accounts active. Just note the minimum balance requirements for some of its deposit options.
Checking accounts
Alliant offers two high-APY checking accounts: one for adults and one for teens. A teen checking account is for kids between 13 and 17 years old and requires joint ownership with an adult.
Both checking account types offer 0.25% APY when you opt into eStatements and have at least one monthly electronic deposit. That’s considerably higher than what you’ll earn from most financial institutions’ basic checking accounts. And because you won’t pay any monthly service fees, everything you earn will essentially be yours to keep.
You’ll also get access to more than 80,000 ATMs and up to $20 in ATM fee rebates each month.
Credit union details checked Nov. 18, 2025.
Savings accounts
Alliant offers multiple types of savings accounts. You can choose from a standard high-yield savings account, a savings account for children, and up to 19 supplemental savings accounts. All accounts offer a decent 3.10% APY. They also require that you keep at least a $100 balance to earn APY.
Supplemental savings accounts can serve as “buckets” for your various savings goals. Kids savings accounts are a great tool to help children learn the value of saving and budgeting.
Credit union details checked Nov. 18, 2025.
CDs
Alliant offers two types of CD: standard (requiring a minimum $1,000 opening deposit) and jumbo (requiring a minimum $75,000 deposit). You’ve got eight different CD term lengths—from three months to five years— and rates range from 3.10% to 4.10%. As expected, your return rate is often slightly higher with a jumbo CD.
You can also open IRA CDs with similar return rates and term lengths.
Credit union details checked Nov. 18, 2025.
Alliant Credit Union CD rates
Alliant Credit Union jumbo CD rates
CD rates checked Nov. 18, 2025.
Other services Alliant Credit Union offers
Alliant Credit Union offers a handful of other financial products and services, including:
- Auto loans: Alliant’s auto loans are as low as 5.34%. It also offers loans specifically for RVs and Teslas.
- Credit cards: Credit cards are also available when banking with Alliant. Its Visa® Platinum Credit Card comes with a low intro APR window and no annual fee.
- Personal loans: Choose loan terms from one to five years and borrow up to $100,000. These are great for debt consolidation, home renovations, or emergencies.
- Mortgages: You can buy a new home, refinance your current home, or request a construction loan to build something yourself.
The Alliant Credit Union platform and customer support
Alliant offers a well-developed mobile banking platform that allows customers to deposit checks, make payments, manage their debit and credit cards, and transfer funds between accounts 24 hours a day.
While the bank is entirely digital, customers can reach a customer service representative by phone (800-328-1935) from Monday to Friday between 7 a.m. and 8 p.m. Central Time and on the weekend between 9 a.m. and 6 p.m. Central Time. You can also chat online from Monday to Friday between 7 a.m. and 8 p.m. Central Time.
Is Alliant Credit Union secure?
Alliant is as secure as any major financial institution. It implements fraud monitoring, secure browsing when banking online, and device verification. Deposits are also insured up to $250,000 by the NCUA per account holder per ownership category.
Alliant Credit Union user reviews
Alliant Credit Union gets a 3.5 out of 5 stars on Trustpilot from 129 reviews. That may sound middle-of-the-road, but you’ll find that many banks struggle to receive even 2 stars in online forums. That’s because most user reviews tend to be motivated by frustration. All things considered, a 3.5 rating is not bad.
Customers have complained about high interest rates, difficulty in opening an account, and poor customer service. Reddit users generally have a more positive opinion of Alliant, praising the lack of fees, ubiquitous in-network ATMs, and high-APY savings accounts.
Compare Alliant Credit Union alternatives
Two popular online bank options that may be worth your consideration include Discover and Capital One. (Note that while Capital One acquired Discover in 2025, the two brands maintain distinct suites of products as of this writing.)
Alliant Credit Union |  Discover Bank |  Ally Bank |
|---|---|---|
| Checking account APY | Checking account APY | Checking account APY |
| Up to 0.25% | Not interest bearing (but debit card that earns up to 1% back on purchases) | 0.25% |
| Savings account APY | Savings account APY | Savings account APY |
| 3.10% | 3.40% | 3.30% |
| CD APY | CD APY | CD APY |
| Up to 4.15% | 3.90% | 3.90% |
| Checking account monthly fee | Checking account monthly fee | Checking account monthly fee |
| $0 | $0 | $0 |
| Learn more | Learn more | Learn more |
| View offer at MoneyLion | View offer at Discover Bank | View offer at MoneyLion |
Credit union/bank details checked Nov. 18, 2025.
Is Alliant Credit Union right for you?
Alliant could be a great option for someone looking for free online checking and high-yield savings options, along with a range of CD term lengths. However, someone looking for business checking or savings accounts—or anyone who desires an in-person banking experience—should look elsewhere.
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Frequently asked questions
Who can join Alliant Credit Union?
There are multiple ways to qualify to join Alliant Credit Union. For example, current or retired employees at one of Alliant’s business or organizational partners, as well as direct relatives of a member at Alliant are eligible. You can also donate $5 to the Alliant Credit Union Foundation (note that the way this works is that Alliant Credit Union will contribute $5 to the foundation on your behalf, rather than you making a separate donation).
Can you use Zelle with Alliant accounts?
Alliant Credit Union does not currently offer access to Zelle. However, you can send money through other means, such as Venmo and PayPal.
Is Alliant Credit Union secure?
Yes, insofar as financial institutions can be. Alliant Credit Union uses multiple digital security measures to safeguard your data and money. And because it’s a regulated credit union by the NCUA, deposits are insured up to $250,000 per account holder per ownership category.
