ableBanking VS Alliant Credit Union

Which bank is better for you?

  • Financial Rates: 4.0 Star Icon
  • Customer Service: 2.5 Star Icon
  • Website Experience: 5.0 Star Icon
  • Bank Fees: 5.0 Star Icon
No Rate Information
Advertiser Disclosure
Star Icon Star Icon Star Icon Star Icon Star Icon

Pros:

  • Low opening required amounts
  • No monthly maintenance fees
  • Competitive interest rates on accounts
  • No set balance to earn highest rates

Cons:

  • Limited deposit accounts offered
  • Customer service not always available
  • Must link another bank account
  • No debit card offered for MMA
  • Financial Rates: 4.0 Star Icon
  • Customer Service: 5.0 Star Icon
  • Website Experience: 4.5 Star Icon
  • Bank Fees: 5.0 Star Icon
No Rate Information
Advertiser Disclosure
Star Icon Star Icon Star Icon Star Icon Star Icon

Pros:

  • No monthly maintenance fees
  • ATM fee reimbursement
  • Low opening required amounts
  • Variety of personal deposit accounts

Cons:

  • Must qualify to become a member
  • No business accounts offered
  • To earn interest requires qualifications
  • Jumbo CD rates similar to regular CDs
ableBanking Review

The ableBanking accounts have low opening required amounts. The money market account only requires $250 to open. The different CD terms each require $1,000 to open.

There are no monthly maintenance fees for the ableBanking money market account. The CDs have a fee if you withdraw money before the CD reaches maturity. Federal regulations allow six withdrawals from a money market account per month. There is a fee if you make more than six withdrawals.

The interest rates for ableBanking accounts are high. They are competitive with other online-only accounts. ableBanking interest rates are much higher than your typical brick and mortar rates.

Any balance in ableBanking accounts earns the highest interest rates offered. There is not a set amount required to keep in the account to earn the highest rates. There is not a required balance to keep in the accounts to avoid monthly fees.

ableBanking has limited personal deposit accounts available. The only accounts offered are a money market account and CDs. There are five different CD terms available. The terms range from a 6-month CD to a four-year CD. ableBanking does not offer checking accounts or business accounts.

ableBanking accounts are entirely online. There are no branch locations. Customer service has specific hours they are open. They are available Monday through Friday from 8 a.m. to 6 p.m. EST. On Saturday, they are open from 9 a.m. to 1 p.m. EST.

When you open an account with ableBanking, you must link an external bank account. You fund your ableBanking account from the external account. You cannot change the external account for the first 60 days. After that time, you may link a different account to the ableBanking money market account. You can only have one external account linked to your ableBanking account at a time.

The ableBanking money market account does not offer an ATM card. They do not have ATM locations where you can access your money. To withdraw money, you must make an electronic transfer into a linked account.

Read the full ableBanking review.

Alliant Credit Union Review

Accounts offered through Alliant do not have monthly maintenance fees. The only fee is if you receive paper statements. To keep the account open requires a $5 balance. To earn interest does require $100 in all the savings accounts.

Alliant participates with over 80,000 ATMs free of charge. If you withdraw money from an ATM not in their network, Alliant will reimburse those fees. They reimburse up to $20 per month in ATM fees. Deposits, withdrawals, transfers, and checking account balances qualify for a rebate. The high rate checking, and teen checking account qualify for ATM reimbursement.

The amounts required to open Alliant accounts is low. The savings accounts require $5 to open. The checking accounts do not list a set amount to open. All the regular CD terms require $1,000 to open. Alliant does offer jumbo CDs, but they require $25,000 to open.

Alliant offers a good variety of personal accounts. They offer a free, high-rate, and teen checking account. They offer two savings accounts and a savings account for kids. Personal credit cards, lending options, and insurance options are also available.

To open Alliant accounts, you must become a member of their credit union. You must meet qualifications to become a member. Those requirements include working with specific companies or be related to someone who is a member of Alliant. If you do not meet those requirements, you may be able to qualify through Support Foster Care to Success. Find out if you are eligible on the Alliant website.

Alliant does not offer specific business accounts. Only personal deposit accounts are available. Those accounts include savings accounts, checking accounts, and CDs. Personal credit cards, lending options, and insurance are also offered.

The interest rates on Alliant accounts are not tiered. To earn the most competitive interest rate, you must meet specific qualifications. Those include receiving eStatements and having at least one monthly electronic deposit. Direct deposits help you qualify.

The Alliant jumbo CDs interest rates are only slightly higher than the regular CD rates. The jumbo CDs require $25,000 to open, but do not offer much higher rates than the regular CD rates. The regular CDs require $1,000 to open. Alliant offers six regular and six jumbo CDs.

Read the full Alliant Credit Union review.

Sponsored Offers

Advertiser Disclosure
Capital One
Savings (Rate as of 10/2/2022)
APY 2.15%
Rate 2.15%
For APY $0
Monthly Fee $0.00
Checkbook No
Member FDIC It only takes about 5 minutes to open a fee-free account.
Next >
UFB Direct
Savings (Rate as of 10/2/2022)
APY 3.01%
Rate 2.85%
For APY $0
Monthly Fee $0.00
Checkbook No
Member FDIC Earn up to 2.85% APY* with no maintenance fees or service fees.
Next >
Quorum
Savings (Rate as of 10/2/2022)
APY 3.00%
Rate 2.96%
For APY $10,000
Monthly Fee $0.00
Checkbook No
Insured by NCUA No minimum balance to open the account. No monthly fees. Federally insured by the NCUA.
Next >
BrioDirect
Savings (Rate as of 10/2/2022)
APY 2.80%
Rate 2.80%
For APY $500
Monthly Fee $0.00
Checkbook No
Member FDIC A great rate & FDIC insurance, Convenient online & mobile banking, Easy to open
Next >
Bask Bank
Savings (Rate as of 10/2/2022)
APY 2.75%
Rate 2.71%
For APY $0
Monthly Fee $0.00
Checkbook No
Member FDIC 0 Min Balance. 0 Monthly Acct Fees. No Balance Cap to Earn APY.
Next >
CIT Bank
Savings (Rate as of 10/2/2022)
APY 2.70%
Rate 2.66%
For APY $0
Monthly Fee $0.00
Checkbook No
Member FDIC No Monthly Fees. No Minimum Deposit. Open in about 5 Minutes.
Next >
Valley Bank
Savings (Rate as of 10/2/2022)
APY 2.65%
Rate 2.62%
For APY $1
Monthly Fee $0.00
Checkbook No
Member FDIC Securely backed by our 90 year history, FDIC insured
Next >
LendingClub
Savings (Rate as of 10/2/2022)
APY 2.65%
Rate 2.65%
For APY $0
Monthly Fee $0.00
Checkbook No
Member FDIC Plus, no monthly fees and unlimited free external transfers
Next >
SoFi
Savings (Rate as of 10/2/2022)
APY 2.50%
Rate 2.50%
For APY $0
Monthly Fee $0.00
Checkbook No
Member FDIC No fees, earn high APY on all your checking and savings balances, plus up to $300 cash bonus with qualifying direct deposit
Next >
Citizens Access
Savings (Rate as of 10/2/2022)
APY 2.35%
Rate 2.32%
For APY $5,000
Monthly Fee $0.00
Checkbook No
Member FDIC No fee online savings account with a great rate.
Next >
Barclays
Savings (Rate as of 10/2/2022)
APY 2.25%
Rate 2.25%
For APY $0
Monthly Fee $0.00
Checkbook No
Member FDIC Savings accounts at 2.25% APY. A rate greater than 5x the national average.
Next >
Synchrony Bank
Savings (Rate as of 10/2/2022)
APY 2.25%
Rate 2.25%
For APY $0
Monthly Fee $0.00
Checkbook No
Member FDIC Savings Products with Competitive Rates and No Minimum Deposit
Next >
Sallie Mae
MMA (Rate as of 10/2/2022)
APY 2.25%
Rate 2.23%
For APY $0
Monthly Fee $0.00
Checkbook Yes
Member FDIC No minimum balance and no monthly maintenance fees
Next >
My Banking Direct, a service of NY Community Bank
Savings (Rate as of 10/2/2022)
APY 2.20%
Rate 2.18%
For APY $1
Monthly Fee $0.00
Checkbook No
Member FDIC Only $500.00 to open. No monthly or maintenance fees.
Next >
Live Oak Bank
Savings (Rate as of 10/2/2022)
APY 2.00%
Rate 1.98%
For APY $0
Monthly Fee $0.00
Checkbook No
Member FDIC No monthly maintenance fees or minimum balance requirements.
Next >