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ALEC Promotional Rates

driven to do more.

Auto loans with low rates and better pricing on auto loan protection.

When it comes to purchasing a vehicle, ALEC is here to help you make all the right turns to get the best financing option. Whether you’re purchasing new or used or looking to refinance, we have what you need. Rates as low as 5.49% APR* for 36 months.

  • Up to 115% financing of the value of new and used autos
  • Fast approvals when you apply online
  • Up to 0.50% discount off our current rates1
  • Flexible terms up to 84 months
  • No prepayment penalty

Apply online or through the ALEC Mobile app. You can also visit an ALEC Service Center or call us 24/7 at 800.762.9988. ALEC has just what you need to start driving better.


* APR = Annual Percentage Rate. All loans subject to credit approval. Advertised rate valid on 36 month New or Used Auto loans applied for from March 1-April 30, 2024.
1Disclosed rate includes ALEC’s 0.50% APR discount. ALEC members will automatically earn a 0.50% APR discount if they are new members applying for a loan within the first 60 days of membership OR if they are a returning ALEC loan member. Existing members that do not meet the above criteria earn 0.50% APR discount with a $500 monthly direct deposit into an ALEC Checking account and enrollment in E-Statements. Maximum financing up to 115% MSRP for qualified borrowers. Your actual APR depends on credit history. Auto Loan Protection products including Guaranteed Asset Protection (GAP) and Mechanical Breakdown Protection (MBP) offered by ALEC in partnership with Allied Insurance LLC.

Savings amounts based on comparisons to ALEC’s Certificate rates as of February 1st, 2024, and monthly rate data reported to the FDIC as of February 20th, 2024. We cannot and do not guarantee their applicability in regard to your individual circumstances.


* The Annual Percentage Yield is the rate that is earned if the funds are left to compound for one year. All dividends are paid monthly based on the daily average balance. Rates subject to change monthly. The nominal rate is the rate used to calculate the monthly dividend.
Our Accelerator Certificate is back.

boost your savings.

Line up a rate increase every six months.

We’re offering the 24-Month Accelerator Certificate as a savings certificate. Or as an IRA — traditional, Roth, or Coverdell. All with as little as a $500 deposit. ^

The ALEC Accelerator Certificate is available for a limited time through March 31, 2024. Apply today at any Service Center or by calling 800.762.9988.


* APY = Annual Percentage Yield. The blended APY is 5.16%. The APY is the rate that is earned if the funds are left to compound for 365 days. All dividends are paid monthly based on the average daily balance. Rates are subject to change monthly. This promotion may end or change at any time.
** The penalty for withdrawals outside the three window periods is a forfeiture of 180 days’ dividend on the withdrawn amount.
^ During the first six-month period, you may make additional deposits of at least $500.00 with funds not currently held on deposit at ALEC.

variable rate certificates

ALEC Variable Rate Certificates offer highly competitive rates, currently at 5.43% APY* and vary on a monthly basis with the 13-week U.S. Treasury Bill (Index + 0.15%)**. Variable rate certificates can benefit from rising interest rates, even if there’s a chance that rates could also go down. But compared to traditional savings and money market accounts, ALEC Variable Rate Certificates typically offer a higher rate of return.

ALEC Variable Rate Certificates feature:
  • $500 minimum to open the account
  • Available as a traditional certificate, IRA or HSA
  • Term of 24 months
  • Dividends tied to the U.S. Treasury Bill paid monthly
  • Automatically reinvested dividends for maximum compounding

* The Annual Percentage Yield is the rate that is earned if the funds are left to compound for one year. All dividends are paid monthly based on the daily average balance. Rates subject to change monthly. The nominal rate is the rate used to calculate the monthly dividend.
** The “Index” is the 13-week Treasury Bill rate posted in the Money rates section of the Wall Street Journal on the last business day of the previous month. As of February 28, 2023, the rate is 4.75%. The rate floor is 0% APY.