Alliant Credit Union's new checking account pays up to 2% APY — see how it stacks up

There's a new high-yield checking account worth adding to your radar. Alliant Credit Union recently launched its Jumbo High-Rate Checking Account , which pays up to 2.00% APY on your everyday cash with no cap on earnings and zero monthly fees. If you're already an Alliant member, or have been thinking about joining, the account offers a way to earn competitive rates on both your checking and savings without spreading your money across multiple institutions. Every jumbo checking account is automatically paired with an Alliant High-Rate Savings Account , giving you both in one place. That said, qualifying for the top 2.00% APY requires direct deposits and maintaining a sizable balance. Here's what to know before you apply. Alliant Credit Union Jumbo High-Rate Checking Rates, fees and features Alliant Credit Union's Jumbo High-Rate Checking Account rewards you for keeping more money in the bank. Unlike the credit union's existing High-Rate Checking Account , which earns a flat 0.25% APY, this new jumbo account uses a tiered structure that can pay out up to 2.00% APY with no cap on earnings for members who increase their direct deposit activity and maintain a qualifying balance. For a closer look at the rates, fees and features that come with the account, see below. Alliant Credit Union is a Member NCUA. …