Alliant Credit Union is a fully digital bank based in Chicago. A nonprofit financial institution, Alliant offers a suite of financial services and accounts with minimal to no fees. This includes no monthly service fees and no overdraft fees on its checking accounts and no fees on savings accounts for customers who select e-statements. Alliant customers also have fee-free access to 80,000 ATMs across the country.
In addition to these notable benefits when banking with Alliant, customers get a high 2.5% APY on savings accounts, which is 21 times the national average and 0.25% on checking accounts. However, the bank does charge inactivity fees, which may be a problem depending on how often you need to use your account—or if you have multiple checking accounts for different needs.
