Find out how to get the most out of your Alliant High-Rate Savings Account
Supplemental savings accounts can be opened in just a few easy steps in Alliant Online Banking. These accounts, dedicated to a particular financial need (emergency fund, holiday gifts, weddings, vacations, etc.), are a great way to reach your savings goals.
To optimize your savings, set up automated recurring transfers to your new account. Just select Transfer Money and indicate the account you want the money transferred from.
Please note that while there is no minimum balance required to keep your Supplemental Savings Account open, you need to maintain an average daily balance of $100 to be eligible for dividends on your account.
Earn the same great rate while you save for specific goals with supplemental savings accounts
Set up recurring transfers to your savings account from your checking account
Keep your savings account fee-free by selecting eStatements in online banking3
The minimum balance to keep your savings account open is $5. To earn interest, you must maintain a daily average minimum balance of $100. Alliant interest is paid monthly.
Federal regulations limit pre-authorized withdrawals to six per month per savings account. Each supplemental savings account is permitted up to six withdrawals. ATM withdrawals do not count against the six withdrawal limit.
The only difference is that a supplemental savings account is an additional savings account. You can name each account based on your specific financial goals — saving up for a vacation, wedding, emergency fund, etc. — allowing you to more easily track your progress toward that goal.