Last Updated: 04/18/2025
USAA Savings Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.03%(Verified 06/21/2024)
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Minimum Opening Deposit
Starting at $25
Minimum Balance to Earn APY
N/A
USAA Savings Account Review
USAA 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
- Low interest rate. The maximum annual percentage yield for this account is only 0.03%.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No ATM fees. USAA 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 $25.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does USAA Savings Account offer?
USAA savings account offers an APY of 0.03% (APY stands for annual percentage yield, rates may change).
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. 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 $45 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
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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