Last Updated: 04/18/2025
USAA Adjustable Rate CD
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in CD Accounts from USAA Federal Savings Bank
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.49% - 0.75%(Verified 06/21/2024)
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Minimum Opening Deposit
Starting at $1,000
Certificate Term
- 3 years
- 4 years
- 5 years
- 7 years
USAA Adjustable Rate CD Review
USAA Adjustable Rate CD are offered by USAA Federal Savings Bank, a bank founded in 1922 and based in Phoenix, AZ. USAA CD are available in 50 states and Washington, DC.
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
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USAA Adjustable Rate CD FAQ
Are CD from USAA Federal Savings Bank federally insured?
Yes, your USAA Federal Savings Bank CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). 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 Federal Savings Bank offer?
USAA CD provides the following types of CDs.- 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?
USAA CD offers an APY starting at 0.49% and ranging up to 0.75%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.
What terms does USAA CD offer?
USAA Federal Savings Bank offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
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| APY (Annual Percentage Yield) | 0.49% - 0.75% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | 0.60% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4-Year APY | 0.65% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | 0.75% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 7-Year APY | 0.49% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with USAA Federal Savings Bank?
USAA CD require a minimum deposit of $1,000 to open an account.
What is the grace period for USAA CD?
There is a 10-day grace period for USAA CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.
What types of fees, such as early withdrawal penalties, does USAA Federal Savings Bank charge?
Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the term ends.
USAA Federal Savings Bank charges an early withdrawal fee.
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