Alliant Credit Union Savings Account
With an Alliant Credit Union Savings Account, you can now earn 2.00% APY. This is advertised as seven times higher than the bank industries national average which was taken as 0.30% as of October 1, 2009.
The dividends can be paid out monthly as long as the account holder has a minimum of $100 in their account.
To open one of these high earning accounts, a person must be a member. To become a member you must be one of the following. An employee or member of a qualifying organization, see bank home page for list. You must live or work in one of the following Chicago metro communities, Arlington Heights, Bensenville, Des Plaines, Elk Grove, Rolling Meadows, Rosemont, Schiller Park, Wood Dale and the Chicago O’Hare Airport Property. If a member of your family either by blood or marriage is a member, you can become a member. Having a domestic partner who is a member also qualifies you for membership. This membership lasts a lifetime. By becoming a member you also become an owner of Alliant Credit Union.
You will be issued a convenience card to use once you have a savings account.
There is a $5 minimum deposit required when opening a savings account with this financial institution and there is no maximum amount that your account may be limited to. The savings account can be designated as a single, joint, single/joint with more than just one beneficiary or a living trust ownership account.
If you qualify for this account, then you can start earning these banks rates when you open an Alliant Credit Union Savings Account.
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