Saturday, 24 October 2020

USALLIANCE Financial Review: Checking, Savings, CD and Money Market Accounts

USALLIANCE Financial Review: Checking, Savings, CD and Money Market Accounts
03 Mar
2:28
USALLIANCE Financial’s Most Popular Accounts

APY

Account Type

Account Name

Compare Rates from Similar Accounts

3.05%

Savings

USALLIANCE Financial MyLife Savings

2.10%

American Express National Bank High Yield Savings Account

LEARN MORE Secured

on American Express National Bank’s secure website

NCUA Insured

2.80%

CD Rates

USALLIANCE Financial 12 Month CD

2.75%

Goldman Sachs Bank USA High-yield 12 Month CD

LEARN MORE Secured

on Goldman Sachs Bank USA’s secure website

NCUA Insured

3.00%

CD Rates

USALLIANCE Financial 36 Month CD

2.90%

Synchrony Bank 36 Month CD

LEARN MORE Secured

on Synchrony Bank’s secure website

NCUA Insured

3.10%

CD Rates

USALLIANCE Financial 60 Month CD

3.10%

Goldman Sachs Bank USA High-yield 5 Year CD

LEARN MORE Secured

on Goldman Sachs Bank USA’s secure website

NCUA Insured

USALLIANCE Financial’s checking account options

magnifying glass

How USALLIANCE Financial’s checking accounts compare

What USALLIANCE Financial’s checking accounts have going for them is the fact that they don’t have any monthly fees or minimum balance requirements, they have easy-to-navigate online and mobile banking services, and the main account offers additional perks like free monthly credit score updates and non-USALLIANCE Financial ATM fee refunds.

But many other checking accounts out there offer these things too, along with the ability to earn interest, and do so at a high rate, at that. If that last factor is important to you, you’re better off opening a checking account elsewhere.

US ALLIANCE Financial’s savings account options

magnifying glass

How USALLIANCE Financial’s savings accounts compare

USALLIANCE Financial’s savings accounts offer a very competitive APY rate… in the beginning, at least. As we mentioned above, once you’ve saved more than $500, the rate drops drastically, so if you’re looking to actually build up your savings funds — regardless of what you’re saving up for — it just makes more sense to go with one of the many other savings account options out there that will actually accumulate more interest in the long-term.

USALLIANCE Financial’s certificate account rates

magnifying glass

How USALLIANCE Financial’s share certificate rates compare

USALLIANCE Financial’s share certificate rates aren’t the highest out there, but they’re still pretty good, with all of its options exceeding the national average. In addition, the certificates’ minimum opening deposit and balance requirements are lower than most other available CD options as well.

The Step-Up share certificates might look appealing in the beginning because you have the option to increase your rate if you see them go up on its regular products, but we don’t see why you wouldn’t just choose a CD with a higher rate to begin with if that’s what you’re after. If you want to invest more than the $500 minimum, you’re probably better off just choosing a CD with a higher rate from another bank.

USALLIANCE Financial’s money market accounts

magnifying glass

How USALLIANCE Financial’s money market account compares

USALLIANCE Financial’s money market account rates stack up pretty evenly against most of the best money market options out there. Many other banks actually require a set balance and minimum deposit amount for their accounts, though, so if you’re looking for more flexibility in that regard and want to add more funds based on your own ongoing preferences, USALLIANCE Financial’s MyLife Money Market account may be suitable for you.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Emilia Benton

TAGS:

Recommended by

Source: https://www.magnifymoney.com/blog/reviews/usalliance-financial/

« »

Szemere

Related Articles