USAA Adjustable Rate CD Review

USAA Adjustable Rate CD is offered by USAA, a financial services company founded in 1922 and based in San Antonio, TX. USAA Adjustable Rate CD is available in 50 states (and Washington, DC).

Are cd accounts from USAA federally insured?

Yes, your USAA cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #34351). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does USAA offer?

• Bump Up
• IRA
• Jumbo
• Traditional

What APY does USAA offer on its CDs?

USAA Adjustable Rate CD offers an APY starting at 0.49% and ranging up to 0.75% (APY stands for annual percentage yield, rates may change).

What is the minimum deposit to open a CD account with USAA?

USAA Adjustable Rate CD requires a minimum initial deposit of $1,000 to open an account.

What types of early withdrawal penalties does USAA Adjustable Rate CD charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

USAA does not charge an early withdrawal fee.