Read review. Offer rate as of. Minimum deposit. Interest rate. Minimum to avoid fees. Monthly fees. Check writing. Balance to avoid fees. Out of network ATM fee. Has online access. Advertiser disclosure. Why trust us Info-Icon. Definition of terms.
Jump to section Caret Savings start icon start icon start icon start icon start icon. CDs start icon start icon start icon start icon start icon. Checking start icon start icon start icon start icon start icon.
Savings start icon start icon start icon start icon start icon. View offer Arrow Primary. Offer details. Overall 3. Compare top Bankrate Scores. What we like. What we don't. Savings accounts 2. Compare top savings rates. CD rates 3. While the account has higher rates, it tops out at 0. The APY moves up to 0. Other than interest rates and minimum deposit requirements, this account offers similar features as the USAA Savings Account—overdraft protection with a linked USAA deposit account or credit card, no monthly maintenance fee and a goal planner and tracker.
Youth Savings Account. This savings account for kids ages 13 to 18 pairs well with the Youth Spending account. The account has no monthly maintenance fee and comes with an ATM card. Children can make mobile check deposits and get text alerts about account balances. You can give your child limited access to USAA. Currently, the Youth Savings Account earns 0. The minimum deposit requirement varies depending on the CD type:.
Depending on the CD type, the terms range from as short as 30 days to as long as seven years. Standard fixed-rate CDs range from 91 days to seven years, while jumbo and super jumbo CDs offer terms from 30 days to seven years.
Adjustable Rate CDs come in four term lengths: three, four, five and seven years. Variable Rate CDs are available in either a one-year term or a day term. Interest on all CDs is compounded monthly and credited to your account monthly.
CDs automatically renew at maturity, unless you decide not to renew during the day grace period. Like most banks, USAA charges an early withdrawal penalty if you choose to withdraw funds from a CD before it reaches maturity.
For members, USAA also offers products and services like:. Auto insurance is still available today, but USAA has significantly expanded its insurance coverage offerings. Here are some of the insurance options that USAA offers:. Members with both a USAA savings account and checking account have access to extra tools to maximize savings.
Four tools are available:. Some of the app features include:. Not only can you manage your bank accounts, but the app allows you to shop online, find travel deals, access your auto insurance card, request roadside assistance and more. Yet, membership is limited to current military members and veterans and their families, so not everyone can join.
For qualified individuals and their families, though, USAA offers enough value that it may still be worth using for personal banking and other financial needs. USAA Bank provides extra support for military members when they need it the most—before, during and after deployment.
There is no cost to become a USAA member. You must meet membership requirements to be eligible to become a member and have access to USAA products and services. Kevin Payne is a personal finance and travel writer who writes about credit cards, student loans, debt, credit, and family finances. In the two years since the end of the recession, bank lending for mortgages and business loans have actually declined, despite a slight increase in bank assets.
Stephen Green, the C. As Stephen Fidler of The Wall Street Journal recently wrote , Green says that "finding real peace," involves accepting three uncertainties: that the world is imperfect; that we can't be sure of human progress; and that hope endures. Green, the banker, is trying to decode what makes a business good. Perhaps he should look to USAA for advice.
USAA isn't a model for an entire economy. But it is an example of technical innovation and thinking outside the box. We desperately need more of that. And more good banks as well. Skip to content Site Navigation The Atlantic. Popular Latest. The Atlantic Crossword. Sign In Subscribe.
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