Alliant Credit Union High-Rate Savings
- Annual Percentage Yield (APY)
-
3.10%
- Fee
- $0
- Minimum deposit to open
- $5
Our verdict
A high-yield savings option with strong digital tools, no monthly fees and earns up to 3.1% APY.
Alliant Credit Union’s High-Rate Savings account may not offer the highest APY on the market, but it’s still a pretty solid choice for anyone who wants a better-than-average APY with no monthly fees. You’ll need to qualify for membership, but the requirements are not as restrictive as some credit unions. The account is fully digital-friendly with a highly rated mobile app and broad ATM access through its network partners. That said, you must maintain an average daily balance of at least $100 to earn interest. If you plan to keep any amount less than that, it’s probably not worth opening an account with Alliant Credit Union.
Best for: Savers who want a high APY and no monthly fees.
Pros
-
Competitive APY with no monthly fee
-
Easy digital banking and mobile deposits
-
80,000+ in-network ATMs nationwide
Cons
-
$100 average daily balance to earn interest
-
No physical branches for in-person help
-
Limited product variety compared to bigger banks
Who is the Alliant Credit Union High-Rate Savings Account best for?
This account is best for people who manage most of their banking online and want to earn a high APY without worrying about monthly fees. So, if you don’t mind joining a credit union and maintaining the $100 minimum balance, this high-rate savings account is a great way to start growing your savings.
What we like about the Alliant Credit Union High-Rate Savings Account
Alliant is definitely worth considering if you value high APYs, easy digital banking and low fees.
Competitive APY with no monthly fees
Alliant offers up to 3.1% APY, which gives your money more room to grow than at many traditional brick-and-mortar banks. You also won’t have to worry about monthly maintenance fees.
Once you meet the $100 minimum balance requirement to earn interest, you’re good to go.
$0 opening deposit requirement
You don’t need to come in with a large deposit to open the account. As long as you can keep the $100 average daily balance to earn interest, the account is accessible to you. This benefit makes Alliant a strong option for people who are starting from scratch or slowly rebuilding their savings.
Seamless digital banking features
Alliant’s app includes mobile check deposit, fast transfers, real-time alerts, budgeting tools and strong encryption to keep your account secure. If you prefer managing your money from your phone or laptop, Alliant makes the process smooth and intuitive.
Surcharge-free ATM access through the CO OP network
Even though Alliant is mostly an online credit union, it still gives you access to 80,000+ in-network ATMs across the country through the CO OP network. This network of ATMs is a major advantage over some online-only banks that don’t support cash access at all.
Where it falls short
Though Alliant has many perks, there are a few limitations that may matter depending on how you prefer to bank.
For starters, if you’re trying to save and don’t have at least $100 at the ready, you won’t earn interest with this account until you hit that balance. Many other high-yield savings accounts pay interest on any balance, even if you’re only keeping a small amount in the account.
Membership is required
Since Alliant is a credit union, you must qualify for membership before you can open the account.
You’re eligible to apply to join Alliant Credit Union if you are:
- A current or retired employee from one of the many businesses and organizations Alliant partners with in the US.
- A domestic partner or immediate family member of a current Alliant member.
- Living or working in one of the communities near our Corporate Headquarters in Chicago. Check our website’s list of eligible communities to see if you qualify.
The good news is that most people can still join if they don’t meet the standard requirements. All you have to do is apply to become an Alliant Credit Union Foundation digital inclusion advocate. When you join the foundation, Alliant will make a $5 donation on your behalf. Still, it’s an extra step that online banks like Ally or SoFi don’t require.
No physical branches for in-person support
Alliant operates fully online, which is convenient for most people but can be a dealbreaker for anyone who prefers walking into a branch for help. Customer support is available through phone and online channels, but it may not feel as personal or immediate as talking to a representative face-to-face.
Compare Alliant Credit Union High-Rate Savings Account to other savings accounts
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How we picked theseWhat is the Finder Score?
The Finder Score crunches over 250 savings accounts from hundreds of financial institutions. It takes into account the product's interest rate, fees, opening deposit and features - this gives you a simple score out of 10.
To provide a Score, Finder’s banking experts analyze hundreds of savings accounts against FDIC-reported national averages as a baseline. Accounts with rates well over the national average are scored the highest, while accounts with rates well below are scored low.
Customer reviews and ratings
| BBB accredited | Yes |
|---|---|
| BBB rating | A+ |
| BBB customer reviews | 1.4 out of 5 stars, based on 50 customer reviews |
| Trustpilot score | 3 out of 5 stars, based on 138 customer reviews |
| Apple App Store Score | 4.4 out of 5 stars, based on 110 customer reviews |
| Google Play Score | 4.5 out of 5 stars, based on 9,100 customer reviews |
| Customer reviews verified as of | 27 November 2025 |
Alliant’s customer reviews are mixed, which isn’t unusual for a large financial institution. The credit union holds an A+ rating from the Better Business Bureau (BBB) but receives poor customer ratings overall. Most of the complaints mention slow customer support and difficulty opening accounts or resolving account issues. Some also complained about random charges on their accounts.
Alliant has a slightly higher star rating on Trustpilot. Many customers love Alliant for its great rates and easy online banking, and many say the app makes managing money simple. But there are also quite a few reviews from people who had a hard time getting help from customer service when something went wrong. Some users also mention app glitches or delays with deposits.
It’s worth noting that Alliant has fewer than 200 combined reviews across both platforms, which is a pretty small sample size. However, you may still want to keep these reviews in mind as you decide whether the account fits your needs.
Frequently asked questions
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Jamela Finder
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