USAA Savings Account Interest Rates: Everything You Need To Know in 2025
Written by
Daria Uhlig
Edited by
Levi Leidy
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USAA serves members of the military, veterans and their families. If you qualify and are considering opening a savings account at USAA, you’ll need to understand the interest rates you could get to make sure you maximize your money.
Current USAA Savings Account Interest Rates
The savings options from USAA are not high-yield savings accounts, but the USAA Performance First Savings account has tiered APYs, which increase as the account balance increases. This account has a minimum opening balance of $1,000.Â
Here’s a look at all USAA savings account interest rates.
| Account | Balance | APY |
|---|---|---|
| USAA Savings | All balances | |
| USAA Youth Savings | All balances | |
| USAA Performance First | Less than $10,000 | 0.01% |
| USAA Performance First | $10,000 to $24,999.99 | 0.01% |
| USAA Performance First | $25,000 to $49,999.99 | 0.01% |
| USAA Performance First | $50,000 to $99,999.99 | 0.38% |
| USAA Performance First | $100,000 to $249,999.99 | 0.48% |
| USAA Performance First | $250,000 to $499,999.99 | 0.58% |
| USAA Performance First | $500,000 to $999,999.99 | 0.93% |
| USAA Performance First | $1,000,000+ | 0.93% |
Overview of USAA Savings Account Options
USAA offers three savings accounts:
- USAA Savings: A straightforward account for new customers
- USAA Performance First Savings: A premium savings account that offers tiered APYs
- USAA Youth Savings: An interest-bearing account that helps kids and teens learn the ropes and develop responsible financial habits
Minimum Deposit
The minimum deposit for USAA Savings and Youth Savings is $25. The USAA Performance First account has a minimum opening deposit of $1,000.
Minimum Daily Balance
None of the savings accounts have a minimum daily balance requirement.
APYs
All of USAA’s savings accounts earn interest. The APY for USAA Savings and Youth Savings is just . However, Performance First earns 0.01% to 0.93%, depending on your balance.
Fees
USAA savings accounts have no monthly maintenance fees, nor does USAA charge a nonsufficient funds fee if you make a deposit that doesn’t clear. However, there are other fees you might encounter:
- Overdraft fee: $29, limited to one fee a day per account; no charge for overdraft protection transfers
- Foreign transaction fee: 1% of U.S. dollar amount of purchase
Key Benefits of USAA Savings Accounts
While USAA does not offer a high-yield savings account, its savings accounts come with the benefit of:
- No minimum balance requirements
- No monthly fees
- Low minimum deposits for the standard and Youth Savings accounts
- An option tailored for kids/teens
- An option for high-balance holders to earn more interest
How To Open a Savings Account at USAA
USAA is a membership bank, so opening a bank account here might be a little different than opening one at a typical bank. Here’s how to do it.
1. Join USAA
USAA membership is open to U.S. military members and veterans, pre-commissioned officers and spouses and children of eligible individuals. You’ll have to apply for membership before you can open an account. Once your application has been approved, you’ll be able to open an account.
2. Decide Which USAA Savings Account Is Best for You
USAA has two adult savings accounts to choose from. If you’re planning to deposit at least $50,000, Performance First is probably the better choice because the APYs are higher after that amount.
3. Apply For Your USAA Savings Account
You can apply for your savings account on the USAA website, using the buttons on the savings account pages. The application will ask for your name, address, birth date and other personal information.
4. Add Money to Your USAA Savings Account
Once USAA has approved your account, you’ll need to fund it with at least $25 for USAA Savings or Youth Savings or $1,000 for USAA Performance First. USAA accepts checking or savings transfers, Visa and Mastercard for the opening deposit.
FAQ
- What is the current USAA savings account interest rate?
- The savings interest rate for USAA's standard savings account is 0.01% APY. However, USAA's Performance First Savings account offers higher tiered rates.
- How does the Performance First Savings account differ from the Basic Savings account?
- USAA's Performance First Savings account has tiered interest rates based upon how much you have in the account. This can be a good option for people with high savings balances, as they'll earn more interest than with USAA's standard savings account. However, you need at least $1,000 as a minimum deposit to open the account.
- Are USAA savings accounts FDIC-insured?
- Yes, up to $250,000.
- Can non-military members open a USAA savings account?
- USAA accounts are accessible to military members and their families. So if you're an eligible family member -- such as a spouse or child -- then you'll qualify to open a USAA account.
- What fees should I be aware of with USAA savings accounts?
- USAA savings accounts don't charge monthly service fees.
Caitlyn Moorhead contributed to the reporting for this article.
