Alliant Credit Union Now Offers Denver Members a Savings Rate That's More Than 6 Times the National Average

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Oct 29, 2014, 09:15 ET

DENVER, Oct. 29, 2014 /PRNewswire/ -- Helping members in Denver and across the country grow their money and increase their financial well-being, GOBankingRates client Alliant Credit Union has raised its savings rate to 0.80% APY, a dividend that's 6.2 times the national bank average.

The 10-basis-point hike, which was implemented Oct. 1, applies to all balances above $100 in the credit union's regular, supplemental and Kidz Klub savings accounts, traditional, Roth and SEP IRAs, and Coverdell ESAs.

CLICK HERE to learn more about Alliant's savings accounts

Besides competitive rates, Alliant members also benefit from:

No monthly fees for standard usage of deposit products
Free online and mobile banking services
Access to more than 80,000 surcharge-free ATMs

"Savings account deposit rates have been jumping up and down at different financial institutions over the past few months -- sometimes up or down more than 10 basis points in a week," said David Mooney, Alliant's president and CEO. "Our philosophy at Alliant Credit Union is to provide our members with significantly above-average stable rates for their deposits. The majority of our members are not rate chasers -- they come to Alliant for consistently high rates and tend to stay with us. We set our pricing where we believe we can sustain it so our members don't have to keep bouncing from bank to bank to find that extra basis point."

"Alliant's latest rate hike is just another example of its commitment to its members, which is evident in every product it offers," said Casey Bond, GOBankingRates' managing editor. "This consistency in service is what allows Alliant members to save more, manage their money better and stay financially healthy."

About Alliant Credit Union

Chicago-based Alliant Credit Union, founded in 1935, is an independently operated financial cooperative. Serving over 140 employee groups and organizations with more than 275,000 members and over $8 billion in assets, Alliant is the largest credit union in Illinois and the seventh largest in the nation, based on assets and deposits. For more information, visit alliantcreditunion.org.

About GOBankingRates

GOBankingRates.com connects consumers with the best credit unions, banks and interest rates nationwide, aggregating over 11 million rates from more than 6,000 institutions.

Contact:

Roxy Barghahn
Media Relations, GOBankingRates
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SOURCE GOBankingRates