Earlier this month, USAlliance Federal Credit Union (dba USALLIANCE Financial) announced that the rate on their 11 Month No-Penalty Certificate Account has increased from 2.00% Annual Percentage Yield (APY) all the way up to 5.00% APY.
As with all USALLIANCE Certificate Accounts, members can open an 11 Month No-Penalty Certificate Account with a minimum deposit of only $500; the interest compounds daily, and is paid out monthly. The 11 Month No-Penalty Certificate Account allows for penalty-free withdrawal of your full principal any time after the first seven calendar days of opening the account.