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Gadget - Bank Bonus Geek

DP:
07/08/2021 Opened account
July 2021-June 2022 Twelve $100 deposits – Used Alliant CU online banking to do ACH pulls from another bank.
06/15/2022 $100 bonus posted. “DEPOSIT PROMO SZ21 SUZE ORMAN ULTIMATE OPPORTUNITY BONUS”

I did not do any withdrawals throughout the year. Including the $100 bonus, earned $102.13 in interest this year, and 84 cents last year. (interest rate was 0.55 APY last year IIRC)

Math is hard! Simple math says I earned about 8.5% on my $1,200 in deposits over 11 months timeframe – but the interest rate is actually much higher than that because I did not just set aside $1,200 for a year, instead the balance was built up over time. Guessing nearly 17% if looking at the average monthly balance? I am too lazy to chart it out with daily balances. I also forgot to factor in the $5 “share” they gave me to open the account. Some math-magician can figure it out if they want. (/s)

The bonus pays out on the 15th or the last day of the month. I recommend doing your 12th deposit in the first part of the calendar month, otherwise, you have to wait until the end of the month to get the bonus. All the other deposits can be toward the end of the month if you desire.

If having trouble getting approved, as previously discussed, in the prior three months, limit your other Chex inquiries to one per month or less to get approved at Alliant CU.

On June 15th 2022, the interest rate increased from 0.75% to 1.00% APY on this savings account. William Charles Chuck The post needs an update.

Chuck

What needs to be updated?

Gadget - Bank Bonus Geek

Our Verdict – 0.55 APY is now 1.00% APY

Chuck

Fixed, thanks

Susan49548
Susan49548

They don’t know what they are doing. See their website statements at the end of my comment.

Terrible customer service. Tried to open account (my husband has one already). Website states it can’t verify my identity. Called the number as listed. Representative asked if I put in the code. Told them there is no code. the website states specifically that you can only apply for this account on a certain site performing a certain action (see below).

Was told someone would call me back. To no surprise, nobody called back. Called them again 3 days later, talked to another representative who gave me 2 different websites. Needless to say: I tried them and nothing worked. Was told someone would call me back.

My email account is being bombarded with multiple notices every day to finish my application. Called them again, representative now stated they ‘found’ my application and the internet technician would call me back to see what needed to be fixed.

I am sure this is far from over, just wanted to put it out there in case others run into similar issues.

Please apply to open The Ultimate Opportunity Savings Account by clicking the green “Open my account” button at the top of this page. You can only apply for this special account on myalliant.com. Opening an account on other Alliant Credit Union pages will result in opening a non-promo, high-yield savings account.

Racoonzel
Racoonzel

Applied on May 23d, opened on June 6th. They are very slow to open new accounts.

Racoonzel
Racoonzel

I would like to try Alliant as a hub account. $25000 daily limit sounds good, but do they have smaller limits for the new accounts?

MHS
MHS

DP – Bonus-earning and account-closing data points:
– 2/22/2021 – Account (Savings) opened online
– 2/28/2021 – First $100+ transferred in from E*Trade
– 1/15/2022 – $100 bonus deposited into account (earned before 12th deposit)
– 1/25/2022 – Last $100+ transferred in from E*Trade
– 3/11/2022 – Requested that account be closed (via phone)

Amy
Amy

I got my $100 bonus 3/15. My first transactions were back in 4/29/21. The fine print says you have to have $1200 balance at the end of 12 months. I’m using this as my “escrow account” and would like to pay off the credit card I used (0% apr so not a HUGE issue, but still). Do you think I’m safe dropping below the $1200 now that I have the bonus?

Jenny
Jenny

Just an FYI for anyone considering an Alliant account – you can get a $200 prepaid card by opening an account using the following link: https://ww2.alliantcreditunion.org/treat-yourself?utm_source=public-site&utm_medium=promo&utm_campaign=consumer-activation-0222

The terms say it’s for the first 1,500 people who use the link to open an account. I made one yesterday, asked them if the offer was still active, and they verified it was.

John M
John M

I guess you had to be pretty quick. Mine’s open but no gift card, yet.

SP
SP

Opened 1/11/21
First Transfer Posted – 1/20/21
12th Transfer Posted – 12/15/21
Bonus Posted – 12/15/21

Working on removing funds and closing account

Jonathan
Jonathan

DP
Bit of an interesting DP here —

2/18/21- Opened & Funded Acct ($5 ACH)
3/25/21 – $100 Transfer #1 Hit Acct (Due to a transfer mishap, don’t ask)
Continued doing $100 monthly transfers thereafter, with my 12th and final transfer being on 2/23.
2/28/22 – Bonus Posted

So, it doesn’t seem like “ The first $100 must be transferred and/or deposited within 30 days of account opening” rule is always enforced.

As always, thanks William Charles and all who contribute to this awesome site!

Brian
Brian

Signed up last year. I think it might have been 11 actual months, but 12 transfers. $100 bonus posted today.