Competitive CD Rate Offers From USAA

If you want to put your money where it can grow and earn a good return, considering opening a certificate of deposit is your best choice. At USAA, you will find competitive rates to help you achieve your goals.

What They Offer

There are three types of certificates of deposits available – the variable rate CD, adjustable rate CD, and the fixed rate CD. These differ in what they offer in terms of flexibility and interest rates.

The variable rate CD is perfect for those who are looking for higher than the average rates in the current market, with the added benefit of making additional deposits during the term. Adjustable rate CDs suit those who want to increase the APY rate sometime during the term applied for should the rates rise. This way, the consumer will get the chance of having equally competitive rates with the adjustment option of up to 2%. On the other hand, the fixed-rate CD offer is a straightforward and guaranteed way of expanding the growth of your investment. However, you will not be allowed to make any additional deposits once the term begins to mature.

The APY for each type of CD term is listed as follows:

FIXED RATE APY

Term Standard ($1,000-$94,999)

30 days – N/A
91 days – 0.35%
120 days – N/A
150 days – N/A
182 days – 0.61%
7 months – 0.66%
270 days – 0.76%
1 year – 0.86%
15 months – 0.90%
18 months – 0.95%
2 years – 1.10%
30 months – 1.20%
3 years – 1.31%
4 months – 1.50%
5 years – 1.66%
7 years – 1.90%

JUMBO
$95,000-$174,000

30 days – 0.34%
91 days – 0.40%
120 days – 0.50%
150 days – 0.55%
182 days – 0.71%
7 months – 0.76%
270 days – 0.86%
1 year – 0.95%
15 months – 0.95%
18 months – 1.00%
2 years – 1.15%
30 months – 1.25%
3 years – 1.36%
4 months – 1.55%
5 years – 1.71%
7 years – 1.95%

Daily changes to interest rates are applicable for the variable rate CD terms, while the latter two’s interest rates will remain locked in for the entire period. Another difference among these three terms is how deposits are added. At any time during the term, variable CDs allow $25 deposits every now and then. Adjustable rate CDs do not allow deposits, but the rates can be adjusted. As for fixed rate CD terms, additional deposits are not allowed.

About USAA

USAA had its humble beginnings when it was started by 25 Army soldiers in 1922. Its organization started out as providing insurance to one another. Currently, USAA provide a wide range of other financial services to millions of people in the country.

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