Last Updated: 04/18/2025
No Reviews Yet
This product has no reviews yet. Help others by sharing your thoughts.
Be the first to rate
Cast Your Vote
Compare All CD Accounts
Filter & compare all your options in one place.
Highlights
APY (Annual Percentage Yield)
0.01%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $250
Certificate Term
- 182 days
- 12 months
USAA Variable Rate CD Review
USAA Variable Rate CD are offered by USAA Federal Savings Bank, a bank founded in 1922 and based in Phoenix, AZ. USAA Variable Rate CD are available in 50 states and Washington, DC.
Key Takeaways
- Only one CD type available. USAA Variable Rate CD only offers traditional CD accounts.
- Low APY. The maximum annual percentage yield for this account is only 0.01%.
- $250 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
- Limited selection of CD terms. USAA Variable Rate CD only offers two CD terms. This limits your options when trying to set up a CD ladder.
Pros & Cons of USAA Variable Rate CD
| Pros | Cons |
|
|
USAA Variable 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 Variable Rate 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.
What rates does USAA Federal Savings Bank offer on its CDs?
The CD rates for this account have an APY of0.01% (APY stands for annual percentage yield, rates may change).
What terms does USAA Variable Rate CD offer?
USAA Federal Savings Bank offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 0.01% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.01% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 0.01% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with USAA Federal Savings Bank?
USAA Variable Rate CD require a minimum deposit of $250 to open an account.
What is the grace period for USAA Variable Rate CD?
There is a 10-day grace period for USAA Variable Rate 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.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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.