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  USAA Certificates of Deposit

USAA Certificates of Deposit

in CD Accounts from USAA · fdic

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USAA Certificates of Deposit

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in CD Accounts from USAA · Member FDIC

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Highlights
Minimum Opening Deposit Starting at $1,000
Certificate Term
  • 1 month
  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • 15 months
  • 18 months
  • 2 years
  • 30 months
  • 3 years
  • 4 years
  • 5 years
  • 7 years
APY (Annual Percentage Yield) 0.05% - 0.47%

USAA Certificates of Deposit Review

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

Key Takeaways
  • Small selection of CD account types. USAA Certificates of Deposit only offers traditional and jumbo CDs.
  • Very high APY. This account offers an annual percentage yield of up to 0.47%, which is much higher than the national average for a CD account.
  • $1,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
  • Wide selection of CD terms. USAA Certificates of Deposit 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 Certificates of Deposit
Pros Cons
  • FDIC insured.
  • Multiple CD terms available.
  • Available in all 50 states.
  • High-interest yield.
  • No charge on incoming domestic or international wire transfers.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
USAA Certificates of Deposit FAQ

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?

USAA Certificates of Deposit provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.
  • Jumbo CDs. A jumbo CD requires a higher minimum balance than that required by traditional CDs. In exchange, jumbo CDs pay higher interest rates.

What CD rates does USAA offer on its CDs?

USAA Certificates of Deposit offers an APY starting at 0.05% and ranging up to 0.47%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does USAA Certificates of Deposit offer?

USAA offers CD terms of the following lengths:
USAA Certificates of Deposit Rates & Terms
Description
2-Year APY 0.2%
3-Month APY 0.05%
3-Year APY 0.25%
4-Year APY 0.28%
5-Year APY 0.39%
6-Month APY 0.05%
7-Year APY 0.47%
12-Month APY 0.14%
APY (Annual Percentage Yield) 0.05% - 0.47%

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

USAA Certificates of Deposit requires a minimum deposit of $1,000 to open an account.

What is the grace period for USAA Certificates of Deposit?

There is a 10-day grace period for USAA Certificates of Deposit. 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 Certificates of Deposit 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 CD term ends.

USAA does not charge an early withdrawal fee.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From USAA Certificates of Deposit

Maximize your savings potential. Choose the term and deposit amount that are right for you. A fixed rate means you always know what to expect from your CD. We have a range of terms to meet your needs, from 30 days to 7 years. All of our CDs are insured up to FDIC limits. Knowing your interest earnings can help you plan for your goals. Ready to earn more interest? Reach your savings goals sooner.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 7:00am - 9:00pm
  • Tuesday 7:00am - 9:00pm
  • Wednesday 7:00am - 9:00pm
  • Thursday 7:00am - 9:00pm
  • Friday 7:00am - 9:00pm
  • Saturday 8:30am - 5:00pm

Other Services by USAA

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View all cd accounts offered by USAA

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Opening Deposit Starting at $1,000
2-Year APY 0.2%
3-Month APY 0.05%
3-Year APY 0.25%
4-Year APY 0.28%
5-Year APY 0.39%
6-Month APY 0.05%
7-Year APY 0.47%
12-Month APY 0.14%
APY (Annual Percentage Yield) 0.05% - 0.47%
CD Accounts
  • Jumbo
  • Traditional
Grace Period for Account Changes 10 days
Certificate Term
  • 1 month
  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • 15 months
  • 18 months
  • 2 years
  • 30 months
  • 3 years
  • 4 years
  • 5 years
  • 7 years

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