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USAA CDs review

Service members can find terms from 30 days to seven years. But higher rates are reserved for longer terms and higher deposits.’s rating: 1.5 / 5.0


USAA offers rates from 0.01% to 0.04% for fixed rate CDs. At the end of the term, you have 10 days to cash out — and what comes next is up to you.

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1-year APY


3-year APY


5-year APY


Star rate1.5
3-month APY0.01%
6-month APY0.01%
7-month APY0.01%
9-month APY0.01%
1-year APY0.03%
15-month APY0.03%
18-month APY0.03%
2-year APY0.03%
30-month APY0.03%
3-year APY0.03%
4-year APY0.03%
5-year APY0.03%
7-year APY0.04%
Early withdrawal penalty30 days interest for terms of 1+ months
90 days interest for terms of 2 to 12 months
180 days interest for terms of 13 to 59 months
180 days interest for terms of 60 + months
Minimum deposit to open$1,000
Interest compoundingMonthly

Review by

Katia Iervasi is a staff writer who hails from Australia and now calls New York home. Her writing and analysis has been featured on sites like Forbes, Best Company and Financial Advisor around the world. Armed with a BA in Communication and a journalistic eye for detail, she navigates insurance and finance topics for Finder, so you can splash your cash smartly (and be a pro when the subject pops up at dinner parties).

Expert review

USAA’s rates aren’t the best in the biz, but the bank makes up for that with flexibility. It caters to savers looking for fixed CDs with terms ranging from 30 days to 7 years — longer than most banks.

If you’re a USAA member who wants to stash your cash in one bank, you can earn solid returns with a higher initial deposit. If not, you may find more competitive rates elsewhere.

How do I open a USAA account?

The quickest way to open a CD is online. These are the steps:

  1. Go to the provider’s site and follow the steps to apply.
  2. From the homepage, hover over Products.
  3. Under Banking, click CDs.
  4. You’ll be taken to the main CD page. Press Open a CD.
  5. If you’re a USAA member, Log In with your online ID and password. Otherwise, set up an account by clicking Join Online.
  6. Fill out your personal, employment and citizenship information.
  7. Continue following the prompts to fund your account.


CDs are open to USAA members. If you’re not a member yet, you must meet one of these eligibility requirements:

  • An active, retired and honorably separated officer or enlisted personnel of the US military
  • An officer candidate in a commissioning program: Academy, ROTC, OCS/OTS
  • An individual with parents who are USAA members. This includes both biological and stepchildren
  • A spouse, widow, widower or not remarried former spouse of a USAA member

To qualify for a CD, you’ll also need to be:

  • At least 18 years old
  • A US Citizen or Resident Alien with a Social Security number and a passport, permanent resident card or state-issued ID
  • Pay the minimum deposit.

Required information

USAA will ask for the following info in the application:

  • Date of birth and contact details
  • Social Security number
  • State-issued ID, passport or permanent resident card
  • Banking details to fund your deposit

Funding options

You can fund your CD with a USAA bank account or a non-USAA account that’s set up for funds transfers. When you’re filling out the form, have your account number and routing number handy.

What types of CDs does USAA offer?

USAA has three types of fixed CDs with terms ranging from 30 days to seven years:

Standard CDsEarn up to 0.04% APY with a $1,000 minimum deposit
Jumbo CDsEarn up to 0.04% APY with a $95,000 minimum deposit
Super Jumbo CDsEarn up to 0.04% APY with a $175,000 minimum deposit.

Benefits of a USAA CD

Decent APYs and compound interest are a couple of benefits to USAA’s CD, as well as:

  • Flexibility. USAA has a broad range of CDs, with fixed terms ranging from 30 days to seven years. Many banks offer terms up to only five years.
  • Different types of CDs. USAA has three types of CDs to suit all types of savers: Standard, Jumbo and Super Jumbo CDs.
  • Additional deposits. You can add money to your CD in the 10 days after it matures.
  • Low initial deposit for standard CD. You only need $1,000 to open a Standard CD.

What to watch out for

    USAA appeals to a military-minded audience in many ways, but it does have its limitations.

  • Exclusive to USAA members. CDs and other banking products are only open to USAA members. To qualify, you need to be an active or former military member or an eligible family member.
  • Lower interest rates. Unless you have a long-term CD, you can most likely find better rates elsewhere.
  • Early withdrawal penalties. If you want to withdraw your money before the maturity date, you’ll be hit with a penalty fee.
  • Short customer support window. There’s no live chat feature and you’re limited to calling for support from Monday to Friday, 6.30 a.m. to 10 p.m. and Saturday, 8 a.m. to 6 p.m. CT. Outside of those hours, you’re limited to email or browsing the FAQs.

If you want a CD with higher interest and shorter terms, you’ll want to keep looking. Check out more of your options with our guide to CDs.

Compare with other CDs

Name Product 1-year APY 18-month APY 2-year APY 3-year APY 4-year APY 5-year APY
Quontic Bank CD
Lock in a high rate. Minimum of $500 required to open. Open your account in 3 minutes or less
Bread Savings CDs
With a $1,500 minimum deposit, you'll receive competitive interest rates and no hidden fees with this CD. FDIC insured.
CIT Bank Term CDs
Choose from a range of terms with no maintenance fees and $1,000 minimum to open.
State Exchange Bank CD
Locally-owned independent community bank. FDIC insured. No fees.
Ponce Bank CD
Open a 5-month, 13-month or 48-month CD with some of the highest interest rates available today

Compare up to 4 providers

How do I cash in a CD?

When your CD matures, it will automatically renew. You have a 10-day window to withdraw it or invest in a new CD.

How can I get in touch with customer service?

Questions? You can contact customer service by:

  • Phone. Call 210-531-8722 or 800-531-8722 from Monday to Friday, 6:30 a.m. to 10 p.m. and Saturday 8 a.m. to 6 p.m. CT.
    • Fax. Dial 800-531-5717.
  • Email. Log into your account to send a secure message.
  • Social. Tweet your questions to @USAA_Help.
  • Mail. Address snail mail to:
    • USAA Federal Savings Bank
      10750 McDermott Freeway
      San Antonio, TX 78288
  • In person. Pop into one of the Finance Centers to get first-hand advice.

  • 1855 Telstar Drive
    Colorado Springs, CO 80920
    Opening hours: Monday to Friday, 8:30 a.m. to 5:30 p.m. and Saturday, 9 a.m. to 1 p.m. MT.

New York

  • 1204 Stony Lonesome Road
    West Point, NY 10996
    Opening hours: Monday to Friday, 9 a.m. to 6 p.m. and Saturday, 9 a.m. to 3 p.m. ET.
  • 529 Main Street
    Highland Falls, NY 10928
    Opening hours: Monday to Friday, 9 a.m. to 5 p.m. and Saturday, 9 a.m. to 1 p.m. ET.

  • 125 Prince George Street
    Annapolis, MD 21401
    Opening hours: Monday to Friday, 9 a.m. to 5 p.m. and Saturday, 9 a.m. to 3 p.m. ET.


  • 10750 McDermott Freeway
    San Antonio, TX 78288
    Opening hours: Monday to Friday, 8.30 a.m. to 5.30 p.m. and Saturday, 8.30 p.m. to 1 p.m. CT.

What other savings products does USAA offer?

The bank has two savings accounts that are FDIC-insured and have no monthly service fees:

  • The USAA Savings Account is ideal for starter savers. You can open an account with $25 and earn 0.01% interest on your total balance.
  • The USAA Performance First Savings Account has higher interest rates, and the higher minimum deposit to match. You’ll need $10,000 or more to open an account. Then, you’ll earn 0.01% APY on balances under $49,999, and up to 0.15% on balances of $500,000 or more.

Frequently asked questions

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