Last Updated: 04/18/2025
USAA Certificates of Deposit
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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)
0.05% - 4.90%(Verified 06/21/2024)
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Minimum Opening Deposit
Starting at $250
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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
USAA Certificates of Deposit Review
USAA Certificates of Deposit are offered by USAA Federal Savings Bank, a bank founded in 1922 and based in Phoenix, AZ. USAA Certificates of Deposit are available in 50 states and Washington, DC.
Key Takeaways
- You must be or become a USAA member to apply. Membership is open to active duty, National Guard, reserves, veterans who served honorably, Cadets or Midshipmen; and spouses and children of USAA members.
- Multiple CD account types. USAA Certificates of Deposit offers a variety of CD account types, such as adjustable rate, variable rate, jumbo CDs, IRA CDs, and traditional CDs.
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 4.90%, which is much higher than the national average for a CD account.
- $250 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
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USAA Certificates of Deposit FAQ
Are CD from USAA Federal Savings Bank federally insured?
Bank products provided by USAA Federal Savings Bank, Member FDIC. USAA Certificates of Deposit are insured up to the limits set by the FDIC.What types of CDs does USAA Federal Savings Bank offer?
USAA Certificates of Deposit 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.
- 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 Certificates of Deposit offers a CD that is specifically for retirement.
What rates does USAA Federal Savings Bank offer on its CDs?
USAA Certificates of Deposit offers an APY starting at 0.05% and ranging up to 4.90%. 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 Federal Savings Bank offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Month APY | 0.05% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 4.65% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.05% - 4.90% (see terms and conditions) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 4.90% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 4.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | 2.75% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4-Year APY | 2.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | 2.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 7-Year APY | 2.02% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 15-month APY | 4.55% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 18-Month APY | 4.45% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 30-month APY | 2.75% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 1-Month APY | Up to 0.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with USAA Federal Savings Bank?
USAA Certificates of Deposit require a minimum deposit of $250 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 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.
View USAA Certificates of Deposit's published terms & conditions
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