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Last Updated: 04/18/2025

USAA Performance First Savings Account

from USAA Federal Savings Bank

Last Updated: 04/18/2025

USAA Federal Savings Bank logo
Rating not yet determined1 total votes
1 users don't recommend

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APY (Annual Percentage Yield)

0.05% - 0.30%(Verified 06/21/2024)
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Minimum Opening Deposit

Starting at $10,000

Minimum Balance to Earn APY

N/A

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USAA Performance First Savings Account Review

USAA Performance First Savings Account is offered by USAA Federal Savings Bank, a bank founded in 1922 and based in Phoenix, AZ. USAA savings account are available in 50 states and Washington, DC.

Key Takeaways

  • Higher than average APY. USAA Performance First Savings Account has an annual percentage yield of up to 0.30%, which is higher than the average interest rate for savings accounts.
  • No monthly maintenance fees. This account does not charge any monthly account fees.
  • Large minimum initial deposit. You need a minimum deposit of $10,000 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
  • No ATM fees. USAA Performance First Savings Account does not charge fees on ATM transactions .
  • ATM fee rebates. This account will reimburse you for ATM fees (see terms and conditions for details).

USAA savings account Pros & Cons

USAA savings account FAQ

Are savings accounts from USAA Federal Savings Bank federally insured?

Yes, your USAA Federal Savings Bank savings 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.

Does USAA Federal Savings Bank offer a signup bonus?

USAA savings account doesn't offer a signup bonus.

What is the minimum initial deposit for USAA savings account?

The minimum deposit to open a USAA savings account is $10,000.

What APY does USAA Performance First Savings Account offer?

USAA savings account offers a variable APY starting at 0.05% and ranging up to 0.30% (APY stands for annual percentage yield, rates may change).

What fees does USAA savings account charge?

USAA savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
  • Outgoing domestic bank transfers come with a $20 fee.
  • Outgoing international bank transfers come with a $35 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • USAA savings account charges $2 every time you request a paper statement.

What features and perks does USAA savings account offer?

This savings account includes the following features:
  • ATM reimbursement - This account provides ATM access and will reimburse you for the ATM fees charged by other networks.
  • Fraud monitoring - USAA savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Mobile Banking Services - USAA savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to USAA savings account?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for USAA savings account?

The customer support email for USAA savings account is info@usaa.com.

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.

Contact

Headquarters

1 Norterra Dr
Phoenix, AZ 85085
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Email Support

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Other Savings Accounts from USAA Federal Savings Bank

USAA Federal Savings Bank logo
Rating not yet determined

APY (Annual Percentage Yield)

0.03%
Disclaimer popup with additional information

Minimum Opening Deposit

Starting at $25

Minimum Balance to Earn APY

N/A
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SuperMoney Net Recommendation Score

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

-100

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Everyone recommends
The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

USAA Performance First Savings Account Community Reviews

Would you recommend USAA Performance First Savings Account to your friends?

DT

Dierdra T.

May 8, 2023

May or may not recommend

Interest rates are ridiculously low. I was surprised since USAA has such a good reputation. On the other hand, perhaps the low interest rates reflect their ability to stay afloat, while other banks are taking a dive.

Showing 1 of 1 reviews

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