Alliant Credit Union

With Ally Bank having once again upped their OSA interest rate, and with “D day” (decision day) upcoming only next week on first of June:

It’ll be interesting to learn whether or not Alliant follows the crowd and jumps our savings rate to a higher, more competitive, level. (Not very much) time will tell.

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I think we get to 0.70% which would get to Marcus, Barclays, and Discover’s levels and be above Ally. It would be nice to get to 0.75% but I am not holding my breath. SoFi’s 1.25% account is where my money is currently going.

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I think it stays where it is. They didn’t move May 1 (which was after the FOMC meeting and the expected increase), no reason to think they’ll move June 1.

I’d be really surprised if they don’t increase the rate.

Alliant is usually not a rate leader, but they also aren’t slouches. 0.7% sounds about right.

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Alliant savings increased to 0.75%. No change to checking, stays at 0.25%.

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Lovin’ Alliant this morning. They really came through in a way that makes my life a tiny bit easier.

Alliant remains my principal hub, but have felt pressure to keep more money at Ally because higher interest rate there. Now the rates are equal. This is good. Moved money to Alliant, from Ally, this morning because:

You never know what Alliant will do next. With the large spend on my Alliant CC I want them to see full coverage, and more, right there in my Alliant savings at all times. Any anxiety whatsoever at Alliant is a bad thing. It can get you kicked out. :wink:

(Just received)

Dear Shinobi,‌

You’re receiving this email because you’ve used electronic check deposit through Alliant Online Banking in the last year. Effective June 30, 2022, this option to deposit checks will no longer be available. We’re confident you’ll find mobile check deposit with the Alliant app much easier. Plus, by removing this feature used by less than 1% of our members – and the cost to maintain and operate it – Alliant can better focus on the latest technology advances while giving back to our members.

How do I give the finger to these stupid idiots?

They are confident? I am confident they are FUBAR.

The new management team at Alliant STINKS OUT LOUD!!

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Well, they didn’t say they were confident that you’d use the app, only that mobile check deposit with the app is much easier :smile:

There’s a button in the app! :rofl:

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I was just curious…On the Alliant Cu Savings Account…are you limited to 6 transfers out per month? Or can you transfer out as often as you want? (without getting blocked or paying a fee)…

No more limits on the number of transfers out from savings.

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possibly related to some sort of Covid allowance. I’ve got several Mil/Gov CUs that “temporarily” suspended w/d limits for savings accounts during the Covid “crisis/event/what-have-you”.

The 6 transfers limit is still in the account agreement documents. Not sure if they are enforcing it… See page 21 (transfer limitations) Link

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Well, here’s the thing:

The Alliant account agreement limits transfers using as a basis government regulations. That probably refers to the old Regulation D.

But of course that six transfer limitation has now been removed from government regulations. The change happened in April of 2020:

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I thought there’s been prior discussion about how Alliant is one of the few still enforcing that 6/month limit despite the elimination of Reg D?

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As the bankrate article mentioned, the 6 withdrawals limit in Reg D was temporarily suspended, but this doesn’t mean that the individual banks can’t continue to impose that limit, they’re just no longer required to do so. Discover, for example, is most helpful when it comes to these limits – the number of withdrawals is listed along with the transactions, but the “More Info” note says “We are currently not enforcing the monthly transaction limit on savings and money market accounts.” So bank’s actual behavior may not be dictated by the written agreement.

For Alliant Visa Signature cardholders:

Nota Bene

Your statement closed during the overnight last night. Go collect your money and start using your card again. :smile:

I collected $251 this morning, which means I messed up and overspent just a tad bit. Oh, well. Gotta be more careful next time. :wink:

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I agree with you. And frankly, in my view, that is too long to wait if the Fed moves three quarters of a percent later today!

They must have read my mind. They didn’t wait!

Our Alliant savings interest rate is now 1% APY!! :joy:

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Oh wow, it’s rare for Alliant to change rates in the middle of a month.

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I’m happy about Alliant CU 1%. Really surprised!!

So now Bask Bank 1.5% super savings looking mediocre. :blush: