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ALEC Promotional Rates

fuel up your savings.

And be entered to win a $500 gas card* for wherever the journey takes you.

Our special ALEC Auto Loan promotion offers:

  • Loans for new and used vehicles
  • Great low rates on terms up to 84 months
  • Chance to win one of four $500 gas cards
  • Available in all 50 states
  • No prepayment penalty
  • Instant approval when you apply online
  • Full financing up to 115% of the value of new vehicles
  • Easy ways to pay

* View the full disclosure.

variable rate certificates

ALEC Variable Rate Certificates offer highly competitive rates, currently at 4.90% 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.