Home Credit union Best Credit Unions | Kiplinger

Best Credit Unions | Kiplinger


GOLD: Alliant Credit Union


Why he won: Alliant offers a set of simple and solid accounts.

Exceptional accounts: High Rate Verification earns 0.25% if you meet two simple conditions. High-rate savings show a return of 0.75%.

Where is it: Alliant operates entirely online.

How to register: Become a member of the charity Foster Care to Success (Alliant pays the $5 membership fee on your behalf). You must also open a savings account; Alliant makes a free $5 deposit for you.

Alliant is free High throughput verification The account offers a return of 0.25% if you receive electronic statements and make a monthly electronic deposit (including direct deposits, ATM deposits, mobile deposits and transfers from other institutions) into the account. You are reimbursed up to $20 per month in out-of-network ATM fees and the first box of checks is free. Teenagers between the ages of 13 and 17 can use a similar checking account.

The High rate savings offers a rate of 0.75% if you maintain a balance of at least $100, and it’s free if you receive electronic statements ($1 per month for paper statements). Children 12 and under can use a version of the account called Children’s savings account. CDs require a minimum of $1,000, and yields have recently ranged from 1.5% on a 12- to 17-month CD to 2.8% for a five-year CD.

SILVER: Connexus Credit Union


Why he won: Connexus has an attractive group of free checking accounts, and its certificate of deposit yields have recently been among the best in the country.

Exceptional accounts: Xtraordinary Checking pays 1.75% if you meet monthly activity requirements. Rates on CDs (minimum $5,000) have recently fluctuated between 2.26% for a one-year term and 3.21% for a five-year term.

Where is it: Several branches in Minnesota and Wisconsin.

How to register: Make a one-time donation of $5 to the Connexus charity and deposit $5 or more into a savings account.

Connexus offers a free basic checking account as well as Extraordinary Verificationwhich pays 1.75% on up to $25,000 and reimburses up to $25 per month in out-of-network ATM fees if each month you receive e-statements and spend $400 on your debit card or make 15 purchases with this one. Teen verification earns 2% on sales up to $1,000.

Connected savings account pays 0.25% if you have a balance of at least $100. Rates for the money market account depend on the balance and recently reached 1.1%.

BRONZE: Caisse Populaire Bellco


Why he won: Most people can find a nice option among Bellco checking accounts.

Exceptional accounts: Boost Interest Checking pays 2.25% on up to $25,000 if you meet the activity requirements. The Premier Money Market Account has a rate of 0.5% on balances of $50,000 or more.

Where is it: Over two dozen Colorado branches, primarily in the Denver area.

How to register: If you live outside of Colorado, join the Bellco Foundation with a donation of at least $10. You must also pay a one-time fee of $5 and deposit $25 in a savings account.

Bellco’s Boost Interest Verification earns 2.25% on up to $25,000 for those who meet the monthly requirements of making 15 debit card purchases, having at least one direct deposit and connecting to online or mobile banking. Platinum Verification includes several benefits, including free personal checks, cashiers checks, money orders, wire transfers and overdraft transfers, and waives the $12 monthly fee if you have a combined balance of at least $15,000 in deposits and loans from Bellco.

Among the savings options, the Youth Savings Account has a 2% rate on sales up to $500. The Premier Money Market Account has a rate as high as 0.5%, but you must maintain a balance of at least $10,000 to avoid a monthly fee of $10.