USALLIANCE Financial Ups Long Term Certificate Account Rates


Deal Summary: Fixed Rate Certificate Accounts: 25-month, 2.00% APY; 36-month, 2.173% APY; 48-month, 2.22% APY; $500 minimum deposit.

Availability: Easy membership requirement

Unfortunately, USALLIANCE Financial (USALLIANCE) is no longer offering the Cooperative Rewards CD Specials it featured in August. Not to be left without a competitive rate or two, USALLIANCE raised the rates on some of its Fixed Rate Certificate Accounts last Friday. The 25-month (2.00% APY), 36-month (2.173% APY), and 48-month (2.22% APY) are the most attractive. The minimum deposit is $500, with no stated balance cap.

2.22%$500-USALLIANCE Financial48 Month CD
2.17%$500-USALLIANCE Financial36 Month CD
2.02%$500-USALLIANCE Financial25 Month CD
Accounts mentioned in this post. Rates as of September 24, 2017.

As stated in USALLIANCE’s Truth In Savings document, the Early Withdrawal Penalty reads as follows:

If your Certificate Account has an original maturity date of 18 months or longer,
the penalty amount will equal 360 days of dividends on the amount withdrawn.

Another important thing to note about the CDs is that USALLIANCE reserves the right to call a CD early. However, in the past USALLIANCE has assured anyone who asked that it had never used this right. Nevertheless, this right to call a CD early is in the Truth in Savings document, and it reads as follows:

The Credit Union has the right to call or redeem Certificate Accounts early. To call or redeem your Certificate Account early, the Credit Union will provide 60 days written notice to you. Should the Credit Union exercise this option, your Certificate Account will be redeemed without penalty on the day specified in the notice, and the entire balance, including earned dividends, will be automatically transferred to your transactional or STAR Retirement Account for easy access.

Just a reminder about USALLIANCE’s website: if you want to search for CD Specials, they’re listed under the “Investments” header, which is not where I would normally look for CDs. Currently, the above certificates are much more competitive than the listed CD specials.

Thanks to DA readers, ChasR and Carpline, for their Forum posts about the latest USALLIANCE deals.


Headquartered in Rye (Westchester County), New York, USALLIANCE Financial's field of membership (FOM) is wide and varied, with residency, employment, and charitable organization membership serving as qualifying criteria.

USALLIANCE's online application Disclosure page for membership and new accounts details the various ways to join.

Easy Membership Requirement: The eighth option (associations or charitable organizations) listed under "How Do You Qualify For Membership," lists eleven organizations and associations that can be joined by anyone.

  • American Consumer Council (ACC)
  • AOPA
  • Arc of Westchester
  • Council of Community Service
  • New York Historical Society Museum and Library
  • The Rye Arts Center
  • St. Thomas Orchestra of Mamaroneck
  • Sullivan ARC (Sullivan County residents only)
  • The Bill Fish Foundation
  • Tread Lightly!
  • Unite Here

The ninth option allows you to join USALLIANCE and any of five named associations, including ACC, simultaneously.

By selecting one of the associational membership options below, which entitles me to membership with USAlliance Financial, I authorize USAlliance to submit my membership request to my chosen association.

Residency: Individuals who live, work, or worship in the Massachusetts counties of Barnstable, Essex, Middlesex, Norfolk, Plymouth, Suffolk, or Worcester are eligible for membership. In addition, individuals who live, work, or worship in the city of West Haven, Connecticut, and qualifying districts in Manhattan, Mount Vernon, and The Bronx, also qualify.

Employment: Employees of over 175 companies are eligible to join, including employees or retirees of the state or local government in the New York counties of Columbia, Dutchess, Orange, Putnam, Rockland, Sullivan, Ulster, or Westchester.

Bethex Charter: USALLIANCE acquired Bethex Federal Credit Union in 2015 and former Bethex members have been grandfathered into USALLIANCE’s membership.

Joining USALLIANCE and/or opening a Certificate Account can be done online, or at any of the following 21 branch locations:

  • Connecticut – West Haven (2)
  • Massachusetts – Cambridge, Danvers, Malden, and Medford
  • New York – Bronx, Ferndale, Napanoch (2), New York City (3), Otisville, Port Chester, Purchase, Rye, Somers, Wallkill, White Plains, and Woodbourne

Credit Union Overview

USALLIANCE Financial has an overall health grade of "B+" at, with a Texas Ratio of 8.44% (excellent) based on March 31, 2017 data. In the past year, USALLIANCE has increased its total non-brokered deposits by $36.74 million, an excellent annual growth rate of 4.02%. Please refer to our financial overview of USALLIANCE Financial (NCUA Charter # 17587) for more details.

USALLIANCE Financial was chartered in 1966 as a credit union for IBM employees. Formerly known as USAlliance Federal Credit Union, the Credit Union did a rebrand in September 2015 to "help drive home all that we have to offer to potential members." From humble beginnings in the company's basement cafeteria, USALLIANCE is currently the 18th largest credit union headquartered in New York State, with more than 167,600 world-wide members and assets in excess of $1.2 billion.

How the CDs Compare

When compared to the 187 similar length-of-term CDs tracked by, requiring a similar minimum deposit and nationally available, USALLIANCE Financial’s 25-month Certificate Account APY currently ranks first.

Interest RateCD Length of TermCredit Union/Bank
2.00% APY25-Month Certificate AccountUSALLIANCE Financial
1.81% APY24-Months CDTIAA Direct
1.80% APY24-Month CDNorthern Bank Direct

When compared to the 190 similar length-of-term CDs tracked by, requiring a similar minimum deposit and available nationwide, USALLIANCE Financial’s 36-month Certificate Account Special APY currently ranks first.

Interest RateCD Length of TermCredit Union/Bank
2.173% APY36-Month Certificate AccountUSALLIANCE Financial
2.00% APY36-Month CertificateConnexus Credit Union
1.98% APY3-Year CDKS StateBank

When compared to the 160 similar length-of-term CDs tracked by, requiring a similar minimum deposit and available nationwide, USALLIANCE Financial’s 48-month Certificate Account APY currently ranks second.

Interest RateCD Length of TermCredit Union/Bank
2.25% APY49-Months Share Certificate SpecialNASA Federal Credit Union
2.22% APY48-Month Certificate AccountUSALLIANCE Financial
2.16% APY48-Months CDTIAA Direct

The above rates are accurate as of 9/4/2017.

To look for the best CD rates, both nationwide in state specific, please refer to our CD rates table or our Rates Map page.

Related Pages: New York CD rates, Boston CD rates, Hartford CD rates, 5-year CD rates, nationwide deals

Mike | | Comment #1
This is the worst credit union I ever dealt with. They make you jump through hoops to open/close an account. Their CD early withdrawal penalties are outrageous. It is not worth doing business with them.
anonymous | | Comment #2
I opened my account at a branch -- no hoops involved. I closed a CD by calling the USAlliance call center and instructing them to not renew the CD, and to place the proceeds in my savings account at maturity .No hoops there. No problems either.

What hoops did you encounter when closing an account?
Bogie | | Comment #3
I never had a problem with them. As far as for EWPs, they are meaningless to me. I have never cashed out a CD before it's maturity. I only put money into CDs that I know I will not want or need for the duration of the CD term. A CD ladder eliminates to anxiety of trying to catch the highs and avoid the lows in interest rates when investing in CDs.
Bozo | | Comment #4
Bogie (re comment #3) I totally agree with respect to EWPs. A well-laddered CD portfolio should not require early withdrawals. Folks who need a "cash stash" have many alternatives, yielding 1.1 - 1.3%. Folks with IRA CDs have PenFed, StateFarmBank, and (perhaps) NWFCU for those "partial withdrawals with no EWP from IRA CDs for folks over 59 1/2".

I prefer Alliant CU for my "cash stash". It has a "fair" yield (at 1.1% for savings), but the website is really easy to navigate, you can move money from savings to checking with the click of a mouse, and the CSRs answer the phone. I give Alliant CU an A+.
Att | | Comment #5
It's an option I used once. When Penfed had a 5% 10 year CD around 2011 I closed a CD with Penfed that was paying around 2.5% and also took other funds and opened the CD The penalty was $23. I have a ladder weighed more long term. I like to keep my options open.
USALLIANCE Adds Cooperative Rewards CD Specials

UPDATE 9/1/2017: Cooperative Rewards CD Specials no longer available.

Deal Summary: Cooperative Rewards CD Specials: 15-month, 1.51% APY; 24-month, 2.02% APY; 36-month, 2.28% APY, $500 minimum deposit, promo code COOPCD, e-Statements required.

Availability: Easy membership requirement.

Now through August 31, 2017, USALLIANCE Financial (USALLIANCE) is offering three Cooperative Rewards CD Specials: 15-month, 1.51% APY; 24-month, 2.02% APY; 36-month, 2.28% APY. The minimum deposit is $500, with no stated balance cap. In the past, USALLIANCE has required new money for their CD Specials, there’s no mention...

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USALLIANCE Financial Adds 36-Month High Yield CD
UPDATE 6/1/17: In a Live Chat today, CSR stated the 36-month High Yield CD Special is no longer available.
UPDATE 4/27/17: Following a Live Chat this morning, I have included what USALLIANCE states is the correct information on the 36-Month High Yield CD Special.

Deal Summary: 36-month High Yield CD Special, 2.20% APY, new money, $500 minimum deposit, no stated balance cap.

Availability: Easy membership requirement.

4/27/2017 Live Chat Highlights

    Live Chat: All our CDs are available as retirement CDs. Even CD...

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USALLIANCE Financial's MyChoice CD Option Adds 0.25%

UPDATE4/26/17: MyChoice CD Option has been reduced to 0.25%.

Availability: Easy membership requirement.

Yesterday, DA reader and contributor, ChasR, forwarded an email from USALLIANCE Financial (USALLIANCE) announcing that the Golden Anniversary 9-month CD (1.55% APY) was being re-opened. On its face, it appears to be a good deal, but the fine print chips away at its competitiveness.

  • The 1.55% APY only applies to the first $15k of the deposit.
  • Requires a new MyLife Checking account with Direct Deposit ($500 minimum), or
  • Requires a new USALLIANCE Financial credit card, with at least...
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USALLIANCE Financial Continues To Offer Top Rate 15-Month CD
Availability: Easy membership

In yesterday’s CD Rates Summary, I noted that USALLIANCE Financial (USALLIANCE) was still offering its 15-month Fixed Certificate Special (1.51% APY), which offers the best rate for CDs with terms around 18 months.

A long-time DA reader contacted me to say he couldn’t find the 15-month Fixed Certificate Special listed in USALLIANCE’s Rate table. After a little investigation, I discovered that USALLIANCE is no longer posting a link to its Certificate Specials on its Home Page, but has moved the link to its Savings Rates page, located...

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USALLIANCE Financial Adds 5-Month CD Special - New Members

UPDATE 1/28/2016: No longer available

UPDATE 12/10/2015: Maximum deposit is now $25K.

Availability: Easy membership

First, the good news: USALLIANCE Financial (USALLIANCE) has just added a new 5-month Fixed CD Special (3.05% APY).

Now, the caveats: the 5-month Fixed CD Special is only available to new members and must be opened using USALLIANCE’s mobile app (Smartphone or tablet) OR the mobile website.


  • Minimum deposit is $500.
  • Maximum deposit is $10K $25K.
  • eStatements are required.
  • Only available to new USALLIANCE members.
  • Only one 5-month Fixed CD Special per Social Security number.

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