USAA Adjustable Rate CD

Key Takeaways

• Multiple CD account types. USAA CD offers a variety of CD account types, such as bump up CDs, jumbo CDs, IRA CDs, and traditional CDs.
• Higher than average APY. USAA Adjustable Rate CD has an annual percentage yield of up to 0.75%, which is higher than the national average for 3-month CDs.
• $1,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
• Wide selection of CD terms. USAA CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.

Pros & Cons of USAA Adjustable Rate CD

USAA Adjustable Rate CD FAQ

Are CD from USAA Federal Savings Bank federally insured?

What types of CDs does USAA Federal Savings Bank offer?

• Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
• Bump-up CDs. Bump-up CDs allow you to increase the interest rate you earn on your savings if the going interest rates rise. These CDs are useful in a changing interest rate environment.
• Jumbo CDs. A jumbo CD requires a higher minimum balance than that required by traditional CDs. In exchange, jumbo CDs pay higher interest rates.
• IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but USAA CD offers a CD that is specifically for retirement.

What rates does USAA Federal Savings Bank offer on its CDs?

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

What is the grace period for USAA CD?

What types of fees, such as early withdrawal penalties, does USAA Federal Savings Bank charge?