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USAA Money Market Account

in Money Market Accounts from USAA · Member FDIC

Not Currently Available

USAA Money Market Account

in Money Market Accounts from USAA · Member FDIC

Net Recommendation Score -33

1 user recommends

0 users are unsure

2 users don't recommend

Highlights
Community Rating	Rating not yet determined
APY (Annual Percentage Yield)	0.26% - 1.54% (Verified 08/04/2023)
Minimum Balance to Earn APY	$0
Minimum Opening Deposit	Starting at $1,000

USAA Money Market Account Review

USAA Money Market Account is no longer available to new customers on SuperMoney.

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USAA Money Market Account is offered by USAA, a financial services company founded in 1922 and based in San Antonio, TX. USAA money market are available in 50 states (and Washington, DC).

Key Takeaways

Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 1.54%, which is much higher than the national average for a money market account.
No APY minimum balance. There is no minimum amount you have to deposit to start earning interest with this money market account.
Charges a monthly fee. This account charges a monthly service fee of up to $10, but the fee is waived if you keep a minimum balance of $1,000.
$1,000 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.

Pros & Cons of USAA Money Market Account

Pros	Cons
Available in all 50 states. High-interest yield. Does not offer mobile check deposits. Access to physical branches.	No signup bonus. Does not provide a debit card. Monthly service charge.

USAA Money Market Account FAQ

Are money market accounts from USAA federally insured?

Yes, your deposits 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 are the interest rates for USAA money market rates?

USAA money market offers an APY starting at 0.26% and ranging up to 1.54% (APY stands for annual percentage yield, rates may change).

USAA money market Rates and Terms
Rates	Amount
APY (Annualized Percentage Yield)	0.26% - 1.54%

What are the fees for USAA Money Market Account?

This account charges a monthly maintenance fee of up to $10. You can avoid this fee by maintaining a balance of $1,000.

USAA will charge you a $5 fee if you exceed your maximum number of monthly transactions.

USAA Money Market Account Fees
Fees	Amount
Monthly Fee	up to $10
Paper Statement Fee	N/A
Excess Transaction Fee	$5

What is the minimum balance for USAA money market?

Minimum deposit of $1,000. You must make an initial deposit of at least $1,000 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $1,000.

What features and perks does USAA money market offer?

This account includes the following features:

Fraud monitoring - USAA monitors transactions for potentially fraudulent activity.

What is the customer service phone number?

The customer service number for this account is (210) 531-8722.

What is the support contact email?

The support contact email for this business credit card is info@usaa.com.

How to open an account with USAA

Visit the USAA website.
Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
Check the information is accurate and submit your application.

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Message From USAA money market

We've earned our members' trust by providing convenient banking and competitively priced insurance, and a comprehensive suite of investment products through our strategic providers. Join today and then enjoy our wide range of products and services. Our products and services are open to current and former military and their spouses. Children of USAA members can join, too. When you join USAA, you enjoy specialized financial resources, access to representatives who have been where you are and know where you're going, and products that fit your lifestyle now and in the future.