Top CD Rates

Alliant Credit Union has decent CD Rates. As rates were coming down they continued to have rates above market. However, as rates have begun to come back up they have been slow to respond and are being left behind.

Their Certificate of Deposit Rates are as follows:

Like some credit unions out there they do allow for nationwide membership by joining an association. In Alliant’s case it is the National PTA. Another thing to note is that the interest is only paid out at maturity. You can not receive the interest on a monthly basis, so this CD is not good for those seeking monthly income.

Alliant’s NCUA# is 67955. They are federally insured just like an FDIC insured bank. They currently have about $5.3BB in assets and are fairly large as far as credit unions go. Unlike many banks, they do currently have a healthy profit and have a nice Equity/Asset ratio of 11.79%.

The website address for their rates is www.alliantcreditunion.org/services/rates/.
The main site is www.alliantcreditunion.org

They also currently have a nice savings rate of 3.75% APY.

Before sending any money to a bank or credit union make sure they are federally insured. To ensure the safety of your deposits, bank should carry FDIC insurance and credit unions should carry NCUA insurance. Certificates of Deposit are a popular investment because your funds are insured by the governement up to $100,000 for an individual. Certain account types may be able to be insured above that. For instance, IRA CDs are insured up to $250,000.

First, check the financial institution’s website. A bank should display the FDIC logo and a credit union should display the NCUA logo. Second, visit the FDIC Institution Directory or the NCUA Credit Union Query respectively. You can also call the FDIC at 877-ASKFDIC (877-275-3342) and the NCUA at 800-755-5999.

Both sites allow you to search by city, state, and/or name. After verifying they are federally insured you can also look up their financial standing. This data is usually about 3-months behind. If you want to read a report about the bank or credit union BankRate.com offers a pretty good one at Safe&Sound Rating.