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  USAA Money Market Account

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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  

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -33, equating to 2.3 on a 5 point rating scale.

-33

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Rating not yet determined  

1 user recommends
0 users are unsure
2 users don't recommend
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Highlights
Community Rating

Rating not yet determined  

APY (Annual Percentage Yield) 0.26% - 1.54%
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 Account is 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 business card is (210) 531-8722.

What is the support contact email?

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

How do people rate the customer service and user experience?

Overall, this business credit card is mostly not recommended based on community reviews that rate customer service and user experience.

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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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

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.

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

Availability

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

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $1,000
Minimum Balance to Earn APY $0
Minimum Opening Deposit Starting at $1,000
Monthly Fee $0 - $10
NSF Fee $29
Account Features
  • Interest Bearing Account
  • Fraud Monitoring
  • Fraud Protection
  • Branch Access
  • Member FDIC
APY (Annual Percentage Yield) 0.26% - 1.54%
Dividend Payout Frequency Monthly

USAA Money Market Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -33, equating to 2.3 on a 5 point rating scale.

-33

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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