Alliant Credit Union is an 100% digital credit union that’s been in business for 85 years and has several hundred thousand members across the United States. They are NCUA-insured Charter Number 67955 so your funds are protected, just as they would be if it were a bank and FDIC insured.
What’s most appealing about them is that their a credit union and not a commercial bank. This means they’re not driven by a profit motive, which results in high rates on savings and lower rates on loans.
The next question you might have, and this is something you must ask of all credit unions, is how do you gain membership? Credit unions, by rule, must have membership restrictions and Alliant’s eligibility requirements are quite broad – you are eligible if:
- Are a current or retired employee from one of the many businesses and organizations Alliant partners with in the U.S.
- Are a domestic partner or immediate family member of a current Alliant member
- Live or work in one of the communities near our Corporate Headquarters in Chicago. Check our website’s list of eligible communities to see if you qualify.
- If you are not eligible through another option you can become a member of Foster Care to Success (FC2S) and become eligible for Alliant membership. FC2S serves thousands of foster teens across the United States, focusing on those who are aging out of the foster care system. FC2S awards grants and scholarships for higher education and provides care packages, mentoring and internships. (Alliant will pay the one-time $5 membership fee to FC2S on the member’s behalf.)
(note the last bullet, which essentially means everyone qualifies since they will pay the membership fee)
If you want to learn more about Alliant itself, our review of Alliant Credit Union and their services explains it all.
Now, onto the good stuff.
There are two offers from Alliant:
Table of Contents
🔃 Updated January 2023 with the details of Alliant Credit Union’s “FASTPASS” promotion.
Alliant “FastPass” Promotion – up to $400
Alliant has a four step “fast-pass” promotion that will net you up to $400 if you meet each of the conditions by March 31st, 2023.
Make sure to use the promo code FASTPASS:
- Open a savings account by March 31, 2023 plus have a minimum $1000 savings average daily balance on April 30, 2023 to earn a $100 bonus
- Open a checking account by March 31, 2023 plus have a minimum $100 checking average daily balance on April 30, 2023 to earn a $100 bonus
- Open a certificate by March 31, 2023 plus maintain a minimum $1000 certificate balance on April 30, 2023 to earn a $100 bonus
- Deposit a minimum of $10,000 total across any of these three accounts by March 31, 2023 and maintain this minimum balance until April 30, 2023 to earn a $100 bonus.
If you are an existing Alliant member, you can still earn up to $400 by doing steps 2 – 3.
Learn more about about this offer
(Offer expires 3/31/2023)
Alliant Ultimate Opportunity Savings Account – up to $100
The other offer that Alliant Credit Union offers, and the one that’s been around for longer, requires less cash but still does NOT need a direct deposit. Open an Ultimate Opportunity Savings Account by 12/31/2022 and make deposits of $100 a month for 12 months.
These aren’t direct deposits, they’re simple transfers. Once you’ve transferred $100 a month for 12 months, they deposit the $100 bonus. It takes longer but requires far less cash than the first offer.
No maintenance fees if you opt for eStatements, so you’ll definitely want to do that.
Learn more about about this offer
(Offer expires 12/31/2023)
Alliant High Rate Savings Account – $100 [EXPIRED]
Alliant Credit Union will give you $100 to new members of Alliant Credit Union when you open a new High-Rate Savings Account and deposit and maintain a minimum balance of $10,000.
You can open an account online using the link below (https://myalliant.com/earn100) or you can open an account on the phone by calling 800-328-1935 and mentioning “Big Saver Savings Account promotion.”
When you open the account, you have until 8/31/2022 to get the balance up to $10,000 and then you have to keep the balance above $10,000 until 11/30/2022. That’s when they will review the account and issue the bonus if you’ve met the conditions.
You must keep the account open for at least 180 days or the bonus is revoked.
Learn more about about this offer
(Offer expires 7/31/2022)
How Does This Offer Compare?
The first offer is not so good – $100 to keep $10,000 in the account for several months isn’t a great deal. If you can find $15,000 to leave into an account, Citi will give you three times that ($300) in a shorter period of time.
The Ultimate Opportunity Savings Account offer is far more attractive because you can get $100 by only locking up ~$1200 in cash for a year. It’s also not a direct deposit, which can make it logistically easier. Also, the account pays a pretty competitive interest rate so you’re not losing out on that.
Here are some other top offers to give you a sense of how this compares:
⭐Citi Priority Account – up to $2000
Citi Priority is offering up to $2000 bonus when you open an account by 4/4/2023. Then, within 20 days of opening your account, deposit at least $10,000 in New-to-Citi® funds and keep it there for 60 days after the 21st day. The bonus amount is based on how much you can transfer but the lowest tier starts at $10,000.
Discover Online Savings Account – $150 or $200
Discover Bank is offering a $150 or $200 bonus when you open your first Discover Online Savings Account with the promotion code WH223 and deposit at least $15,000 into the account within 30 days. You get $150 if you deposit $15,000 or more and $200 if you deposit $25,000.
Bank of America – $100 Bonus Offer
Bank of America offers a $100 Bonus Offer cash bonus if you open a new account and set up and receive qualifying direct deposits totaling $1,000 or more into that account within 90 days of account opening. It has a monthly fee that is easy to have waived.
Chase Total Checking® – $200
Chase Bank will give you $200 when you open a Total Checking account and set up direct deposit within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!
Albert – $150
Albert will give you $150 when you open an account and receive a qualifying direct deposit of at least $500 within 45 days and spend at least $200 on goods and services every 30 days for 90 consecutive days with your Albert debit card.
