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Alliant Credit Union VS CommunityWide FCU

Which bank is better for you?

  • Financial Rates: 5.0 Star Icon
  • Customer Service: 3.0 Star Icon
  • Website Experience: 5.0 Star Icon
  • Bank Fees: 5.0 Star Icon
No Rate Information
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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
  • Financial Rates: 5.0 Star Icon
  • Customer Service: 5.0 Star Icon
  • Website Experience: 5.0 Star Icon
  • Bank Fees: 4.0 Star Icon
No Rate Information
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Pros:

  • Accounts offer competitive rates
  • Low opening amounts for most accounts
  • Variety of accounts offered
  • Funds Savings Account

Cons:

  • Must join the credit union first
  • CDs have high opening required amounts
  • No ATM fee reimbursement
  • Checking account has a monthly fee
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.

CommunityWide FCU Review

Accounts at CommunityWide offer competitive interest rates. The rates are competitive with other online accounts. CommunityWide rates are much higher than typical bank rates. Their rates are not tiered. Any balance above the required amount earns competitive interest rates.

Most CommunityWide accounts have low opening required amounts. The savings accounts require $5 to open. The checking accounts requires $15 or $25 to open. To earn interest on these accounts you must have $500 in the account, but not to open the account.

CommunityWide offers a wide variety of accounts. They offer personal savings and checking accounts, and CDs. Their CD terms range from six months to five years. They offer IRA accounts, auto loans, personal loans, and other types of loans.

A Funds Savings Account is available through CommunityWide. This account acts as a savings account but earns a higher interest rate. Members can only withdraw money deposited in the account at specific times. You can choose whether to withdraw the money monthly or quarterly. Money can be deposited into the Funds Savings Account anytime.

Before you can open an account with CommunityWide, you must become a member of the credit union. To be eligible to join you must have worked for a certain company or be a spouse of someone who has. Members of certain organizations are eligible. Immediate family members of CommunityWide members qualify to open an account. Once you qualify, you must present a valid government issued ID and your social security number to open an account.

To open a CD with CommunityWide has a high opening required amount. Each of the CD terms requires $2,000 to open. The CDs ranges from six-month terms to sixty-month terms. Each term offers a competitive interest rate.

CommunityWide Federal Credit Union does not offer ATM fee reimbursement. They offer over 30,000 ATMs that are free for members to use. If you make a transaction with another ATM not in their network, you may be charged a fee. CommunityWide will not reimburse you that fee.

The CommunityWide checking account has a monthly fee. The fee is $2.95 each month. Customers can waive this fee by having a direct deposit into the account. You can also waive the fee by keeping a daily balance of $5,000 in the account. The savings accounts require $5 to avoid a monthly fee.

Read the full CommunityWide FCU review.

Favorite Rates

CIT Bank
Savings 08/20/2019
APY 2.30%
Rate 2.27%
For APY $100
Monthly Fee $0.00
Checkbook No
$25k+ balance or $100+/month deposit for 2.30% APY. Member FDIC.
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CIBC Bank USA
Savings 08/20/2019
APY 2.20%
Rate 2.18%
For APY $1
Monthly Fee $0.00
Checkbook No
Grow your savings with a rate you can rely on.
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