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USAA Bank CD Rates: January 2025

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Learn how much you can earn with a USAA certificate of deposit

Fact checked by Hans Daniel Jasperson

Fly View Productions / Getty Images

Fly View Productions / Getty Images

USAA Federal Savings Bank is an option for members of the military and their families. It’s a full-service bank providing a variety of products, including certificates of deposit (CDs). USAA offers a variety of term lengths and interest rates for CDs of up to 2.50%, depending on the terms and how much you deposit. 

Let’s take a look at USAA Bank CD rates, key features, and how they compare against other options, including some of the best CD rates. 

In addition to the CDs noted below, USAA also offers adjustable and variable rate CDs in several terms, with APYs of 0.01%. The variable rate CD requires a minimum deposit of $250.

Compare USAA CD Rates

USAA’s CD rates are generally competitive with the largest national banks, but fall short of the highest rates available. USAA does offer some fairly competitive rates on some of its jumbo CDs, but you can likely find better rates by shopping around. Compare terms and conditions such as early withdrawal penalties and minimum deposit requirements.

USAA CDs: Key Features

Pros and Cons of USAA Bank CDs

Pros

  • Some competitive rates

  • Term variety

Cons

  • More competitive rates elsewhere

  • Limited branches

  • Membership requirements

Pros Explained

  • Some competitive rates: USAA offers some jumbo CDs with competitive rates of up to 2.50%.
  • Term variety: You can find many different terms with USAA CDs that can meet a range of needs.

Cons Explained

  • More competitive rates elsewhere: By shopping around, you can most likely find interest rates that can provide a higher return.
  • Limited branches: If you like banking in person, you may want to consider another bank as USAA has very few branches.
  • Membership requirements: You need to meet certain requirements to use USAA’s products and services. Mainly, you must have military connections.

About USAA

USAA Bank was founded in 1922 by several Army officers who wanted a way to insure their cars (USAA is short for “United Services Automobile Association”).

In the years since, the bank has grown into one of the largest financial services firms in the country. USAA’s banking, insurance, and other products are only available to people who serve, or have served, in the military and their families. 

Note

USAA has just five physical locations but is nationally available online. The easiest way to bank with USAA is online through its website or mobile app. 

Alternatives to USAA Bank CDs

  • Other high-interest CDs: Many of USAA Bank CDs are not very competitive. Check the best CD rates currently available before making a deposit.
  • High-yield savings account: If you want to protect your funds while also earning interest, you can also consider a high-yield savings account.
  • Checking account: A checking account is another option for storing your cash, especially if you don’t want to be subject to withdrawal limits. Some high-interest checking accounts can provide more returns on your cash than traditional checking accounts.
  • Money market account: Money market accounts are similar to savings accounts, though they may also come with check-writing abilities and a debit card. You can often earn a good rate on your savings, but you might have to deal with monthly fees or minimum balance requirements. 
  • I bonds: I bonds from the U.S. government are an investment option for protecting your savings from inflation. I bonds may or may not offer a higher rate than the best CDs. When you invest, you have to commit to leaving your money in the I bond for at least a year.

Frequently Asked Questions (FAQs)

How Do You Open a USAA CD Account?

Opening a CD account is simple and can be accomplished online. You’ll need to be a member and log in to your account. From there, you can add a product, during which USAA will walk you through the process.

This includes providing your personal information, selecting the term length of your CD, and choosing whether to redeposit any interest earned. You’ll then need to review and sign the agreement documents, after which the account will be opened.

Are USAA CDs FDIC Insured?

USAA Federal Savings Bank is a federally insured institution. This means that its products, including any certificates of deposit (CDs) are FDIC insured up to the federal limit ($250,000 for all accounts at the same institution).

What Should I Consider Before Opening a USAA CD Account?

Before opening an account, consider USAA Federal Savings Bank’s CD rates, as well as the term lengths that the bank offers and the minimum deposits required. Compare USAA’s CDs against other major banks to find one that suits your needs.

Can You Have More Than One USAA CD Account?

Yes, it’s possible to have more than one USAA CD account. There is a popular method of saving called a CD ladder, which involves purchasing several CDs of different maturity. As “younger” CDs mature and are rolled over into new CDs, others continue earning interest.

Your Guide to CDs

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