With a USAA Federal Savings Bank membership, customers have access to a large selection of CD term options, more than 100,000 ATMs nationwide and a full-featured mobile app. USAA membership is available to active duty U.S. military personnel, military veterans, military spouses and children, and pre-commissioned officers.

USAA CDs offer saving options with fixed, variable and adjustable rates, but the interest-earning potential isn’t competitive with higher-yield options from other banks.

USAA Bank earned an overall rating of 4.1 out of 5 from Bankrate, and its CDs earned 2.5 out of 5.

USAA Bank CD Rates

USAA Bank fixed-rate and adjustable-rate CDs have a reasonable minimum deposit requirement; the variable-rate CDs have a low opening deposit requirement. In addition, interest compounds daily. USAA doesn’t offer specialty CDs, such as no-penalty CDs or CDs that offer a rate bump. The bank does offer multiple term lengths, ranging from 30 days to seven years.

Here are USAA’s CD rates as of Dec. 21.

Fixed-rate CDs

Term APY Minimum deposit
1 month N/A* $1,000
91 days 0.01% $1,000
4 months N/A* $1,000
5 months N/A* $1,000
182 days 0.01% $1,000
7 months 0.01% $1,000
9 months 3.56% $1,000
1 year 0.03% $1,000
15 months 1.41% $1,000
18 months 3.61% $1,000
2 years 3.66% $1,000
30 months 2.02% $1,000
3 years 3.71% $1,000
4 years 2.02% $1,000
5 years 2.02% $1,000
7 years 2.02% $1,000

*One-, four- and five-month CDs earn 0.01% APY starting at the $95,000 jumbo deposit level.

Here are USAA’s CD rates as of Dec. 21 for at least a $95,000 deposit.

Fixed-rate CDs

Term APY Minimum deposit
1 month 0.01% $95,000
91 days 0.01% $95,000
4 months 0.01% $95,000
5 months 0.01% $95,000
182 days 0.01% $95,000
7 months 0.01% $95,000
9 months 3.56% $95,000
1 year 0.03% $95,000
15 months 1.41% $95,000
18 months 3.61% $95,000
2 years 3.66% $95,000
30 months 2.02% $95,000
3 years 3.71% $95,000
4 years 2.02% $95,000
5 years 2.02% $95,000
7 years 2.02% $95,000

Adjustable-rate CDs

Term APY Minimum deposit
3 years 0.01% $1,000
4 years 0.01% $1,000
5 years 0.01% $1,000
7 years 0.01% $1,000

Variable-rate CDs

Term APY Minimum deposit
182 days 0.01% $250
1 year 0.01% $250

How USAA Bank compares with top-yielding banks

While USAA Bank offers CDs that are easy to access for members and come with a variety of terms and APY options, the bank’s CD APYs are very low for some terms compared with the best CD rates on the market.

USAA does offer low deposit requirements and daily compounded interest.

Other savings options

USAA Bank offers several other savings options, including:

  • USAA Savings Account: This account only has a $25 opening deposit required.
  • USAA Performance First: For balances of $10,000 or more, this savings account offers higher interest rates as your balance grows. A balance of at least $500,000 is needed to earn the highest yield.
  • USAA Classic Checking: Members earn interest on checking balances of $1,000 or more; there’s no monthly fee and no minimum balance required.