Certificates

Earn More with an Alliant Certificate

Alliant Certificate Accounts are flexible and offer above-market rates. Whether your goal is to save money for a future expense, boost your retirement savings, or move money from an investment elsewhere, Alliant Certificates are the perfect way to save and earn more.

• Pick your maturity date. View all Certificate terms & rates
• Lock in your rate for the entire term when you open your account
• Dividends compound monthly and at maturity
• Federally insured by the National Credit Union Administration (NCUA)
• Automatically renews upon maturity, or transfer the funds into an account or IRA of the same type
• Unlike stocks and bonds, certificate rates don’t fluctuate with market conditions

It’s Easy to Open an Alliant Certificate!

• Through online banking under “open new accounts.” Please note: Coverdell ESA and IRA accounts cannot be opened through online banking
• By phone 800-328-1935 with 24/7 personal assistance
• By mail Certificate Application
• In person at an Alliant Service Center

Frequently Asked Questions

What is the minimum deposit to establish a Certificate?
The deposit amount to open a Share Certificate is $1,000 to $24,999. The minimum deposit for a Jumbo Certificate is $25,000.

Do I need to have an Alliant IRA to be eligible to open an IRA Certificate?
Yes, you must have or establish an IRA with Alliant prior to opening an IRA Certificate. Additionally, the type of Certificate must coincide with the type of IRA. For example, if you have a Roth IRA, you can only open a Roth Certificate. IRA Certificates cannot be opened under a trust account.

Do Certificates automatically renew at maturity?
You have two renewal options when you open a Share or IRA Certificate:

• Automatic renewal to a certificate of the same type and term
• Transfer the funds into a share account or back to your IRA of the same type.

You can change the renewal option any time during the term of the certificate.

What types of Certificates do you offer?

• Share Certificates (known as “Certificates”)
• Traditional IRA Certificates
• Roth IRA Certificates
• SEP IRA Certificates
• Coverdell Education Savings Account Certificates

Can I deposit additional funds to my Certificate after it has been funded?
You cannot add money to a Certificate after it has been funded. Funds can be added to the certificate during the 10 day grace period after maturity.

Can I make a change to the type or term of my Certificate after it has been opened?
You cannot make a change to the type or term of a Certificate after it has been opened. Changes to the type or term can only be made at maturity.

How can I open a Certificate?
For your convenience, we offer four easy ways to open a Certificate:

• Via phone at 800-328-1935
• At your local Service Center
• Complete and mail the Certificate application
• Online Banking

You must have an active Alliant savings account or trust account with at least a $5 balance in the account before a Certificate can be opened.

Can I open a Certificate on SST (Self Service Telephone)?
At this time, Certificate accounts cannot be opened through SST.

Are joint owners or beneficiaries allowed on Certificates?
Yes, you can have both joint owners or beneficiaries on your Alliant Certificate. To add a joint owner or beneficiary to your Certificate account, print and complete an Account Ownership Delete/Add form or Beneficiary Delete/Add form.

If the Certificate is established for a minor, it is highly recommended that you add a joint owner to the account. Joint owners and beneficiaries on Certificates may be different from the joint owners or beneficiaries on your share account. However, for IRA Certificates, the beneficiaries currently listed on the IRA account are used for the Certificate as well. A joint owner or one or more beneficiaries cannot be added to a Certificate over the phone.

What will the rates be for Certificates and how often will they change?
Alliant Certificate dividend rates will be above-market. That means, with the exception of teaser rates, they will generally be higher than rates offered elsewhere on similar products, such as Certificates of Deposit. You can check our rates on the rate board or in our monthly newsletters. Certificate rates will also be posted in our Service Center locations.

When will dividends post to Certificates?
Dividends will post to the Certificate monthly on the last day of the month and at maturity. Dividends earned on your Certificate will appear on your statement. You can also verify dividends earned on your Certificate through online banking and on Self Service Telephone (SST), our 24-hour automated phone service.

Is there a penalty if I withdraw Certificate funds prior to maturity?
No partial withdrawals are allowed, however, you may elect to withdraw the dividends earned on the Certificate without incurring a penalty. Dividend withdrawals may reduce earnings.

We allow members a 10-day grace period after maturity to withdraw funds without being charged an early withdrawal penalty.

Early withdrawal penalties do apply if the Certificate is closed before maturity and are assessed as follows:

• 1 to 7 days: 7-days of dividends
• 12 - 17 months: dividends earned for the number of days the Certificate is open up to a maximum of 90 days of dividends
• 18 - 23 months: dividends earned for the number of days the Certificate is open up to a maximum of 120 days of dividends
• 24 - 60 months: dividends earned for the number of days the Certificate is open up to a maximum of 180 days of dividends

You will never lose principal (the money you put into the Certificate) after your Certificate has been opened for more than 7 days.

Are there any exceptions to the early withdrawal penalty?
Yes. If the account owner dies, is declared legally incompetent, or becomes disabled, then early withdrawal penalties are waived. If the account is an IRA Certificate, the account owner may withdraw any portion of it within 7 days after establishing the account without penalty. If the account is a Traditional IRA Certificate, the account owner may also withdraw funds without penalty after reaching the age of 70 ½. We also allow members a 10-day grace period after maturity to withdraw funds without being charged an early withdrawal penalty.

What happens when a Certificate reaches the end of its term?
A maturity notice will be mailed to you at least 15 days prior to maturity and you will have a choice of changing the option you chose when you opened your certificate.

• Renew to a Certificate of the same type and term
• Renew to a different type or term
• Transfer the funds into a share account or back to your IRA of the same type

We allow members a 10-day grace period after maturity to withdraw funds without being charged an early withdrawal penalty.

If I renew a Certificate, what will the dividend be?
The dividend rate for the renewal Certificate will be the rate for that product on the day of renewal.

Are Certificate accounts insured?
Yes, Certificates are insured by the NCUA.

Can I use a Certificate account as collateral for a loan or overdraft protection?
No, Certificates cannot be used as collateral for a loan or overdraft protection.

Check our fee schedule.