USAA Money Market Accounts: Everything You Need To Know
Written by
Kellan Jansen
Edited by
Elizabeth Constantineau, CFHC™
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Money market accounts can be a great way to build your savings. If you’re a USAA customer, you may be interested in opening one of these accounts with your bank. This guide will tell you whether it’s possible and how to take full advantage of USAA money market account offerings.
Does USAA Have Money Market Accounts?
USAA doesn’t currently offer money market accounts. However, USAA offers several savings accounts, which may still meet your needs, including:
- USAA Savings: $25 minimum opening deposit
- USAA Performance First: $1,000 minimum opening deposit
- USAA Youth Savings: $25 minimum opening deposit
Performance First accounts pay an interest amount that scales as you deposit more funds, while the other accounts currently pay a flat rate on all deposits.
Pros and Cons of USAA Savings Accounts
Here are some high-level pros and cons of USAA and its savings products.
| Pros | Cons |
|---|---|
| Offers several savings options, including an account type for minors | Low interest rates |
| Automated saving with your USAA checking account | Few physical locations |
| Highly rated iOS mobile app | High minimum deposit amounts for the best annual percentage yields (APYs) |
USAA Savings Account Features
USAA savings accounts come with several features that can enhance your banking experience.
- All accounts include custom alerts to prevent fraud and allow you to manage your savings online or on the go with the bank’s mobile app.
- USAA savings accounts can integrate with other USAA accounts, including everyday checking. These integrations allow features like automatic transfers that can help you put your savings on autopilot.
- You can’t get a debit card for your USAA savings account, but you can request a free ATM card. This allows you to make cash withdrawals with zero fees at USAA ATMs.
- USAA refunds up to $10 of fees and surcharges from non-USAA ATMs monthly.
USAA Money Market Account Interest Rates
Note: Since USAA doesn’t offer money market accounts, this section looks at the interest rates paid on USAA savings accounts instead.
USAA’s highest interest rate is APY. However, this is only available to USAA Performance First customers with at least $500,000.
The interest rate is negligible for regular USAA Savings and USAA Youth Savings clients. The bank pays APY, regardless of how much you have in your account.
Plenty of other banks pay above 3.50% APY on savings options, meaning you’re leaving money on the table by storing your funds at USAA instead of another institution.
That said, there are still reasons someone might choose a USAA savings account.
- You may prefer to keep all your money at one bank for simplicity.
- You might value banking with a military-oriented financial institution.
- USAA may meet specific needs that competitors don’t.
For example, if you already bank with USAA and want to open up a new savings account for your child, it may be easier to manage and monitor that account by keeping it within the same institution rather than opening a new one elsewhere.
USAA Account Accessibility
USAA makes it easy to manage your savings account online or on your phone.
- The bank has a straightforward online account dashboard you can use.
- Mobile apps are available for Apple and Android devices. USAA’s iOS app has a rating of 4.8 out of 5 stars on the App Store and 4.7 out of 5 stars on Google Play.
- If you need support, you can visit a branch if you live near one or call the bank’s customer service number.
The main downside is that there aren’t many physical USAA branches. That can be a problem if you enjoy face-to-face banking but live outside of the bank’s covered territory.
Money Market Account Alternatives
Since USAA doesn’t offer money market accounts, you’ll need to go with another financial institution if you want to sign up for one. There are plenty of options to consider, but here are two popular ones to get your search started.
| Bank | APY | Minimum Deposit |
|---|---|---|
| Ally Bank | $0 | |
| Vio Bank | $100 |
Ally Bank
Ally Bank currently pays APY on money market accounts across all balance tiers — significantly more than USAA’s savings accounts. These accounts also come with no monthly maintenance fees, 24/7 customer support and no minimum balance requirements.
Vio Bank
Vio Bank currently pays APY on its Cornerstone Money Market Savings account. It carries no monthly fee, and you can open an account with as little as $100.
How To Open a USAA Money Market Account
Unfortunately, applying for a USAA money market account isn’t possible. Instead, you can apply for a USAA savings account by simply visiting the bank’s website.
You’ll need to be a member of USAA before applying. Completing this step online takes a few minutes. The key requirement is having served in the military yourself or being the spouse or child of someone who did.
Who USAA Money Market Accounts Are Best For
USAA doesn’t offer money market accounts, but its savings accounts could be a potential fit for people who are OK with a traditional savings product instead. The bank offers lower APYs than many of its competitors, so it’s likely only going to be a good option for your savings needs if you have a special reason for wanting to keep your money at USAA.
Final Take
USAA offers several savings options to choose from, including useful features like custom alerts for fraud prevention and access to highly rated mobile apps. However, the bank’s APYs are low compared to some competitors. This means you can likely earn more interest if you keep your money elsewhere.
USAA Money Market Account FAQ
- Does USAA offer a money market account?
- No, USAA does not offer money market accounts. You can open a new savings account with USAA instead if you want to keep savings at the bank.
- Does USAA have a high-yield savings account?
- No, USAA doesn't have a high-yield savings account in the traditional sense. It offers a USAA Performance First account for savers, but it still offers lower APYs than most high-yield alternatives.
- What is the highest interest rate at USAA?
- The highest interest rate you can get for money saved at USAA is 0.50%. Many of the bank's competitors will pay you above 3.50% as of February 2026.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Feb. 2, 2026.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
