Last Updated: 04/18/2025
USAA Performance First Savings Account
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Last Updated: 04/18/2025
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Highlights
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
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
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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). 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.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $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.
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