SuperMoney 

USAA Savings Account

in Savings Accounts

Claimed Visit Site

USAA Savings Account

Claimed

in Savings Accounts

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote
Cast your vote

Would you recommend USAA Savings Account to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Overview

USAA was founded in 1922 by 25 army officers as a way to insure each other’s vehicles when nobody else would. Today USAA is still an auto insurance company—the sixth largest in the United States—but it’s also a bank with $25 billion in assets and 10.3 million members. It has great rates and no monthly fees, but it only takes on customers who are linked to the armed forces.

What Are USAA’s Classic Checking And Savings Accounts Like?

USAA Classic Checking offers service members a truly free checking account with:

- No monthly service fees
- No minimum balance. New recruits don’t even have to make an initial deposit to open an account.
- Provides a complete, printable 1199A form.
- Free transfers and bill payments.
- 60,000 surcharge-free ATMs.
- USAA refunds up to $15 of out-of-network ATM fees.
- Free direct deposits.

USAA’s savings account has the following features:

- No minimum balances.
- Only requires $25 to open.
- USAA Savings offers an APY of 0.09% to 0.15% depending on the balance amount.
- No monthly fees, regardless of your balance.
- Goal-planning tools.
- Customers can deposit money online or at over 2,000 UPS store locations.

USAA Performance First is USAA’s premier savings account. Requires $10,000 to open but offers rates of 0.05% to 0.30% depending on the balance.

What Are The Advantages And Disadvantages of USAA’s Classic Checking And Savings Accounts?

There isn’t much to dislike about USAA, apart from the fact it is not available to everyone. To join you have to be an active or retired military service member, a cadet, or related to people who were USAA members. USAA offers great checking and savings accounts with no monthly service fees and no minimum balance. Its rates are not particularly high but higher than most banks. There are no service fees and users can access their money from 60,000 ATMs. If they can’t find a surcharge-free ATM, USAA will pay up to $15 a month in ATM fees. Customers can even transfer their money to any bank in the United States without paying a fee up to six times a month.

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...

Availability

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

Feature Breakdown

Bauer Financial A+/A Rating
 
Bank Account Features
  • ATM Reimbursement
  • Automatic Savings
  • Bauer Financial A+/A Rating
  • Branch Access
  • Fraud Monitoring
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
  • No ATM Fees
  • No Monthly Maintenance Fee
Percentage
APY
0.09% - 0.15%
    0% 6%

Be the first to rate

 
 

Would you recommend USAA Savings Account to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

USAA Savings Accounts

Product

Reviews

Monthly Fee

APY

APY Minimum Balance

USAA Performance First Savings Account
Monthly Fee N/A Monthly Fee
APY 0.05% - 0.3%     0% 6%
APY Minimum Balance N/A APY Minimum Balance