
Explore a similar product
Try this top product in CD Accounts.
Minimum Opening Deposit | Starting at $250 |
Certificate Term |
|
APY (Annual Percentage Yield) | 0.25% - 0.55% |
USAA Variable Rate CD Review
USAA Variable Rate CD is offered by USAA, a financial services company founded in 1922 and based in San Antonio, TX. USAA Variable Rate CD is available in 50 states (and Washington, DC).
- Only one CD account type available. USAA Variable Rate CD only offers traditional CD accounts.
- Very high APY. This account offers an annual percentage yield of up to 0.55%, 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.
- 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 |
---|---|
|
|
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 Variable Rate CD 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.
What CD rates does USAA offer on its CDs?
USAA Variable Rate CD offers an APY starting at 0.25% and ranging up to 0.55%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.
What terms does USAA Variable Rate CD offer?
USAA offers CD terms of the following lengths:Description | |
---|---|
6-Month APY | 0.25% |
12-Month APY | 0.55% |
APY (Annual Percentage Yield) | 0.25% - 0.55% |
What is the minimum deposit to open a CD account with USAA?
USAA Variable Rate CD requires 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 Variable Rate CD 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.
Message From USAA Variable Rate CD
Contact
- Headquarters
-
9800 Fredericksburg Road
San Antonio, TX 78288 - Visit Site
- Email Support
Other Services by USAA
Availability
- 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 $250 |
Be the first to rate
Would you recommend USAA Variable Rate CD to your friends?
USAA CD Accounts
- Affinity Plus FCU Wahoo Certificate Of Deposit
- Bank Fund Staff FCU Share Certificate Account
- Capital One 360 CD
- Citizens Equity First Credit Union Jumbo Certificate
- Community First Bank Of Washington Certificate of Deposit
- Exchange Bank Certificate of Deposit
- MEMBERS1st Community Credit Union Kids1st
- Members First Credit Union of Texas Grow Up CD
- Navy Federal Credit Union EasyStart Certificate
- Quontic Bank CD
- State Farm Bank Standard CD
- TCF Bank CD