Update 7/15/24: Rakuten offer increased now from $100 to $120 (ht Karsten)
Offer at a glance
The Offer
- Rakuten shopping portal is offering $100 or 10,000 points when you click through the portal and open a certificate of deposit with Alliant Credit Union.
The Fine Print
- Cash Back is only available for new customers, one per person.
- Customer must fund a minimum deposit of $1,000.00 on a new Alliant Certificate.
- The account must remain open for a minimum of 60 days.
- This offer and any payouts are from Rakuten, not Alliant Credit Union.
- Posting Time: Cash Back will be automatically added to your Rakuten account within a few weeks.
Avoiding Fees
There aren’t any fees to be concerned with when you get eStatements.
Our Verdict
Looks like it’s possible to open a 3 month certificate and get the $100 bonus. The interest rate I’m seeing now is 4.25% which isn’t too bad. Could be a good deal, especially for someone who values Membership Rewards highly.
Separately, there’s also a $100 bonus for opening an Alliant savings account and another $60 potential stack on that from Swagbucks. I’m not entirely sure if those deals can stack with this CD deal. (Maybe you can do this deal first and then do the savings deals, or vice versa?)
Hat tip to Christopher Robin
Useful posts regarding bank bonuses: