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Last Updated: 04/18/2025

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USAA Money Market Account

from USAA Federal Savings Bank

Last Updated: 04/18/2025

Rating not yet determined3 total votes

1 users recommend

2 users don't recommend

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Highlights

APY (Annual Percentage Yield)

0.26% - 1.54%(Verified 06/21/2024)

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Minimum Balance to Earn APY

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.

Click here to compare and quickly find the best options for your needs.

USAA Money Market Account is offered by USAA Federal Savings Bank, a bank founded in 1922 and based in Phoenix, AZ. 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 fee of up to $10, but the fee may be 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 50 states and Washington, DC.
High-interest yield.
Does not offer mobile check deposits.
Access to physical branches.

Does not provide a debit card.

USAA Money Market Account FAQ

Are money market accounts from USAA Federal Savings Bank federally insured?

Yes, your deposits are insured 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 Money Market Account Fees

Description

Monthly Service Fee

$0 - $10

NSF Fee

$29

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 Federal Savings Bank monitors transactions for potentially fraudulent activity.

What is the customer service phone number?

The customer service number for this account is (800) 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 Federal Savings Bank

Visit the USAA Federal Savings Bank 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 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.

Contact

Headquarters

1 Norterra Dr

Phoenix, AZ 85085

Visit Site

Email Support

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SuperMoney Net Recommendation Score

Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.

-33

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No one recommends

Everyone recommends

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USAA Money Market Account Community Reviews

Would you recommend USAA Money Market Account to your friends?

Dave H.

Jan 26, 2022

May or may not recommend

USAA is an AWESOME benefit for military, veterans, and their select family ONLY. While their MMA rates are very comparable to like institutions, its the FULL financial needs and insurance coverage available at VERY GOOD terms to meet your needs. I have been a member since 1999, and have multiple family members using their services to help cover our financial needs. Highly recommend. GO USAA~!

Ja V.

Aug 12, 2019

May or may not recommend

With a new company transition for investments you can no longer transfer money from multiple accounts to the money market fund . It’s platform only allows money to be sent from one designated account. Also, when checking in on your money from USAA they cannot transfer you to a representative to help you. You have to call them at a different number because they are a third party. However they ...Show More