Pros
High APY on 12-month CDs: Alliant offers a 4.65% APY on their 12-month certificate of deposit
Low $1,000 minimum deposit: Alliant's CDs require only a $1,000 minimum deposit to open
Jumbo CD option for higher balances: For savers with at least $75,000 to invest, Alliant offers jumbo CDs with slightly higher rates
Cons
Limited CD term options: Alliant does not offer any specialty CDs such as no-penalty or bump-up certificates
Early withdrawal penalties: Alliant charges early withdrawal penalties on CDs. For terms of 17 months or less, the penalty can be up to 90 days of interest
Membership required: To open a CD with Alliant, you must become a member of the credit union