Alaska USA Credit Union
With shared branching, low fees and some of the highest CD rates around, Alaska USA makes for a convenient banking experience that deserves a closer look.
The bottom line:
- A low-fee checking account
- Low savings account rates and high CD rates
- A low $5 deposit to establish membership
|Certificates of deposit (CDs)|
Read on for more information about Alaska USA’s checking and savings products, CDs, customer experience and fees.
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4.0 / 5.0
The low monthly fee in the Convenience Checking account is less than half of those charged at big banks. Members can also access their account outside of Alaska USA’s 85 branch locations via the shared branch network.
» MORE: Best online checking accounts
3.5 / 5.0
A $5 minimum balance maintains membership at Alaska USA and a $50 minimum balance waives the $5 quarterly fee on the Share Savings account. For members under age 26, the quarterly fee is waived with a balance of $5.
Rates are a bit higher than those offered at big banks, but you can find better annual percentage yields of 1% or higher at online-only banks and other credit unions.
Certificates of deposit
5.0 / 5.0
The certificate accounts at Alaska USA offer some of the highest APYs among credit unions. You’re locking up your money for a fixed term, so choose an Alaska USA certificate account that offers a rate higher than 1%. Otherwise, you could maintain access to your money in a high-yield savings account elsewhere.
4.0 / 5.0
Alaska USA offers customer service around the clock. You can reach a representative by mail, email or 24 hours a day by phone.
The credit union’s app offers functions such as remote check deposit, money transfers, online bill payments and Apple Pay.
Members can also take advantage of shared branching when they’re away from home. Services at shared branches include deposits, withdrawals, transfers, money orders and loan payments.
3.0 / 5.0
Alaska USA offers a “courtesy pay” program for overdrafts on purchases of $5 or more. You can be charged multiple fees between $5 and $20 in one day, depending on the amount of the overdraft. For overdrafts over $10, setting up overdraft transfers will cost less at $5 per transfer.
Low fees, high CD rates
If you value great CD rates, decent banking technology and in-person customer service, this credit union could be a good match.
NerdWallet’s overall ratings for banks and credit unions are weighted averages of several categories: checking, savings, certificates of deposit or credit union share certificates, customer experience and overdraft fees.
Factors we consider, depending on the category, include rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service and innovation.
The stars represent ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.