Get free checking plus $20 back on out-of-network ATM fees monthly.
Earn rewards, get cash back or take advantage of a low standard variable rate.
Combining your student loans could get you a lower interest rate.
Alliant exists solely to serve our members, not stockholders.
Earn 1.16% APY on your money with an Alliant High-Rate Savings Account.
Whether you're saving for a wedding, vacation, new car or a charitable donation, a separate savings account is the perfect strategy for reaching your goal.
With an average daily balance of $100 or more
Our mobile app gives you access to your Alliant Account in the palm of your hand.
Download the Mobile App
You can create a Supplemental Savings Account online to save for anything - a vacation, wedding, emergency fund, and more.
You can open up to 19 supplemental accounts. Just remember, keep an average daily balance of $100 or more in each account to take advantage of Alliant’s high savings dividend rates.
Depositing money into your Supplemental Savings Account is fast and easy with our mobile deposit app.
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The only difference is that a supplemental savings is an additional savings account. You can name each account based on your specific financial goals — saving up for a vacation, making a large purchase, etc. — allowing you to more easily track your progress toward that goal.
Supplemental Savings Accounts can be opened in just a few easy steps in Alliant Online Banking. These accounts, dedicated to a particular financial need (emergency fund, holiday gifts, weddings, vacations, etc.), are a great way to reach your savings goals.
To optimize your savings, set up automated recurring transfers to your new account. Just select Transfer Money and indicate the account you want the money transferred from.
Please note that while there is no minimum balance required to keep your account open, you need to maintain an average daily balance of $100 to be eligible for dividends on your account.
Yes. You can have up to 19 supplemental savings accounts.
The number of withdrawal transactions from savings accounts are limited by federal law.
The minimum balance to keep your savings account open is $5. To earn interest, you must maintain a daily average minimum balance of $100. Alliant interest is paid monthly.
Savings accounts are a convenient way for members to save money. Federal regulations restrict the number of electronic transactions on savings accounts to six per month, excluding personal withdrawals. For this reason, we provide members a limited-use Convenience Card, which permits members to withdraw cash from Alliant network ATMs. We encourage members to open a checking account for more flexible access to their money, while relying on a savings account for their money to remain and grow.
A preauthorized transaction includes any arrangement with Alliant to pay a third party from your account upon verbal or written requests, including those received through the automated clearing house (ACH).
Alliant offers an "Official Credit Union Check" that function the same as a Cashier's Check. You can get an Official Credit Union Check by requesting one through Alliant Online Banking, by calling Alliant Phone Banking at 800-328-1935, or by visiting an Alliant Branch. Funds are deducted from your account at the time the Official Credit Union check is issued. There is no fee for the issuance of an Alliant Official Credit Union check unless you request that the check mailing be expedited, in which case you will be charged for express shipping.
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By making periodic transfers to supplemental savings accounts dedicated to our special goals, we always know if we have the funds when the right opportunity comes along. For example, we transfer an amount from each pay into our vacation savings. We also use supplemental accounts to self-escrow for our utility payments. Why not collect the interest, rather than overpay the utility company?
I have opened a supplemental savings account for both of my boys. Whenever they get money as a gift, I deposit the check or pocket the cash and transfer that amount into their accounts. I also empty the change from my pockets into a piggy bank for them. Whenever it gets full, I take it to a Coinstar machine and exchange it for an Amazon gift card. I just apply the Amazon credit to whatever I buy from Amazon, and I transfer half the amount from my checking into each of their accounts.
First off, I love Alliant. The rates are competitive and the functionality and account features are second to none. What's better is that this is a Credit Union (owned by its customers), rather than a bank that nickels and dimes its consumers.
I currently use Alliant for all of my main accounts with the exception of recurring large expenses (student loans and car payments). I've used the Supplemental Savings feature to set up an Emergency Fund, Vacation Fund, and IRA Contribution fund (in addition to my checking account). My employer direct deposits into all of these accounts based on my elections. I shift funds from my Vacation fund to checking account as needed to cover vacation expenses that I charge to my credit cards. On January 1 of each year, my IRA contribution fund has reached at least $5,500 (the max annual contribution), which I then move to checking and deposit to my broker. Meanwhile, my emergency fund keeps growing and remains untouched.
I highly encourage Alliant customers to use these features to make saving and budgeting painless and easy!
When I was young and very poor and did not have a bank account I used to separate my paycheck into different envelopes with names on them. That way when a bill came due I knew I would have enough money to pay it. Now I do the same thing on line with Supplemental Savings. I name each account and each one has a specific purpose. I ALWAYS AUTOMATICALLY SAVE FIRST THEN USE THE REST FOR PAYING BILLS AND LIVING EXPENSES. Any found money goes into a savings account. Right now I am busy saving for my family reunion. How wonderful to know that when the Reunion I will have plenty of money and will not have the worry of wondering where I will get the money to go and enjoy my family. If there is any money left after the reunion I will put it into my emergency fund. This is what has worked for me for many many years. It is all on auto pilot. Savings first......giving next.....and then spending. I do not spend what I do not have.......ever!
I use my supplemental savings account as my "no touch" savings. This is for my property taxes & a little extra towards an emergency fund. I deposit directly to it from my paycheck & forget about it until tax time. It earns a little interest as well. I like being able to keep this separate from my regular savings and checking account
It started out being for my children. It was a teaching tool for them regarding the 10-10-80 rule. They both began to save and the next thing, they wanted their earned and gifted monies to go into their accounts. After they got out of collage and had their own accounts . I continued to put money into those accounts for my own specific goals. It's a great way to ear mark each supplemental account .
I have found that having multiple supplemental savings accounts allows me to better manage my money and stay on track. For year I had one savings and one checking account but then I would just spend the savings money. Having multiple specific supplemental savings (ex. health, college, car, holidays, etc) keeps me on target and I'm more careful spending.
Alliant allows members to create, at whim, a new supplemental savings account, to name it whatever you'd like, and then allot an automatic, recurring deposit. This is unbelievably beneficial for anyone wanting to save money for specific goals. For instance, if you want to save for a new car, open a supplemental savings, edit the name to "Car Savings," then set up an automatic monthly withdrawal from your checking (or wherever your paychecks go). Then, every month, you set aside whatever you can afford or want to put aside for that new car. I probably have 10 or 12 supplemental savings, for everything from Travel Savings to Camper Savings to Roth IRA savings. I have four or five automatic withdrawals set up, so saving is not something I have to think about. Couldn't be easier!
I have used a supplemental account almost as long as I've had an account with Alliant Credit Union (27 years). I've started using more supplemental acts. as a way to keep money in different buckets and not get mixed up with my other accounts. It has worked out great.
My saving philosophy has been to put aside any money that was added to my income.
For example I lived 10 years after retirement without drawing social security, therefore when I started getting those checks , they went into a supplemental saving , there for emergency and else with a different joint partner, giving that person, my son, instant access to those funds at the, inevitable,time of my death.
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