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USAA Federal Savings Bank FDIC-Insured - Backed by the full faith and credit of the U.S. Government

USAA Bank Savings Accounts

Save toward your future goals

Explore savings options

USAA Performance First® Savings

With a $1,000 minimum opening deposit, you have an opportunity to enjoy higher interest rates based on your balance.

Get started USAA Performance First Savings

USAA Savings

Begin your savings journey with an initial deposit of $25 or more.

Get started USAA Savings

Why choose USAA Bank

Smart savings tools‍ ‍ See note 1

  • ATM rebates,‍ ‍ See note 2 tax refund options and recurring transfers
  • Free and easy to use

Security first

  • Secure online access
  • Fraud monitoring and custom alerts that help protect your savings‍ ‍ See note 3
  • Savings account funds insured up to the limits set by the Federal Deposit Insurance Corp. (FDIC)

Flexible funding options

  • Recurring transfers and direct deposits for easier saving

Find the savings account for you

To discuss saving with USAA Bank, call 800-531-8722. 

Annual percentage yield (APY) rates are current as of §. Rates subject to change. Fees may reduce earnings.

USAA Performance First® Savings rates

Daily collected balance

Less than $10,000

APY

 §%

Daily collected balance

$10,000 to $24,999.99

APY

 §%

Daily collected balance

$25,000 to $49,999.99

APY

 §%

Daily collected balance

$50,000 to $99,999.99

APY

 §%

Daily collected balance

$100,000 to $249,999.99

APY

 §%

Daily collected balance

$250,000 to $499,999.99

APY

 §%

Daily collected balance

$500,000 to $999,999.99

APY

 §%

Daily collected balance

$1,000,000 and over

APY

 §%
USAA Performance First® Savings rates
Daily collected balance APY

Less than $10,000

 §%

$10,000 to $24,999.99

 §%

$25,000 to $49,999.99

 §%

$50,000 to $99,999.99

 §%

$100,000 to $249,999.99

 §%

$250,000 to $499,999.99

 §%

$500,000 to $999,999.99

 §%

$1,000,000 and over

 §%
USAA Performance First® Savings rates
Daily collected balance

Less than $10,000
APY

 §%
Daily collected balance

$10,000 to $24,999.99
APY

 §%
Daily collected balance

$25,000 to $49,999.99
APY

 §%
Daily collected balance

$50,000 to $99,999.99
APY

 §%
Daily collected balance

$100,000 to $249,999.99
APY

 §%
Daily collected balance

$250,000 to $499,999.99
APY

 §%
Daily collected balance

$500,000 to $999,999.99
APY

 §%
Daily collected balance

$1,000,000 and over
APY

 §%

Begin your savings journey with an initial deposit of $25 or more.

USAA Savings rates

Daily collected balance

Less than $1,000

APY

 §%

Daily collected balance

$1,000 to $4,999.99

APY

 §%

Daily collected balance

$5,000 to $9,999.99

APY

 §%

Daily collected balance

$10,000 and over

APY

 §%

Begin your savings journey with an initial deposit of $25 or more.

USAA Savings rates
Daily collected balance APY

Less than $1,000

 §%

$1,000 to $4,999.99

 §%

$5,000 to $9,999.99

 §%

$10,000 and over

 §%

Begin your savings journey with an initial deposit of $25 or more.

USAA Savings rates
Daily collected balance

Less than $1,000
APY

 §%
Daily collected balance

$1,000 to $4,999.99
APY

 §%
Daily collected balance

$5,000 to $9,999.99
APY

 §%
Daily collected balance

$10,000 and over
APY

 §%

More options

One bank for savings and checking

Set up automatic transfers from your checking account to make saving effortless.

Explore USAA Classic Checking

Earn with a certificate of deposit

Grow your savings by choosing a CD. Find your preferred rate and earn guaranteed returns.

Explore certificates of deposit

Guidance and tips

How you can save

Make the most of your savings account

Savings accounts are designed to hold and grow your money. By making regular deposits and earning monthly interest you can keep your money secure and working for you.

Benefits of a savings account

Money in a savings account earns interest. Plus, the funds may be insured up to a certain amount. When choosing the right bank for your savings account consider their policies and systems such as: secure online access, fraud protection, mobile deposits, and money management tools like automatic transfers.

Smart strategies to save

  • Create accounts with intention. Have separate accounts for money you intend to save versus money you need to spend.
  • Build savings into your budget from the start, instead of trying to save what is left over
  • A tax refund or other cash bonus is a great way to start or boost your savings

Automation is awesome

The less you have to think and do, the easier saving becomes. Being able to set up automatically scheduled transfers can help you save up and build your account.

Naming your account

Something as simple as aligning your account name to the savings goal can be a helpful reminder of why saving is important. Designating your account as "Vacation Fund" or "First Home" is a simple idea that can keep you on the right track.

Interest on a savings account: How your money can make money

Simple and compound interest can add up exponentially in the long run to help you achieve your financial goals. Understanding interest rates and paying attention to fluctuations can help guide you on how to save.

Simple and compound interest: simply explained

Simple interest is how much you earn monthly based on the amount deposited in your savings account. Compound interest is how much you earn on the amount in your account, plus the monthly interest accrued in the account. Basically, it's interest earned on the interest.

What are APY and Interest Rate?

APY (annual percentage yield) is the amount of simple and compound interest earned in a year. Interest rate is the amount of simple interest being paid by the bank.

Earning interest and choosing accounts

Interest earned will be directly deposited into your savings account. Because banks can offer different APY and interest rates, comparing banks and different types of accounts is a good way to get the best yield and rate. Fees and withdraw limitations are important factors to consider, and rates can fluctuate based on the actions from the Federal Reserve. While saving for your financial goals, keep these things in mind to make the best choice.

Comparing account types

What’s the difference between checking and savings?

Although similar Checking and Savings accounts have fundamental differences. Knowing the differences and how to use them can help you setup better financial habits and access your money when you need it.

Do I need both?

Checking and Savings accounts are best used in harmony to give you both financial flexibility and security. When your money is in savings account it earns interest, plus having a checking and savings account helps you separate money you intend to use versus the money you plan to save.

How should I use my checking and savings accounts?

When it comes to paying bills, sending money to friends, or picking up the tab at dinner — checking accounts are perfect for the task. If you're saving for a vacation or creating a financial cushion for future or unexpected events — that's where a savings account is a great option.

How to choose between a CD and a savings account

What's the difference between CDs and savings accounts?

Savings accounts and CDs (Certificate of Deposit) are both low-risk ways to earn interest while your money is in the bank. However, CDs require you to leave money in the bank for a pre-determined amount of time. USAA Federal Savings Bank offers traditional CDs ranging from 30 days to seven years. Removing before the agreed upon time could come with fees and penalties.

Choose what's right for you: CD or Savings?

Determining which one is right for you depends on what you're saving for and when you'll need the money. For example, saving for a home in 5 years? Consider a CD. Saving for a rainy-day fund? A savings account might be best.

Is it a good time to get a CD?

While CDs don't have the same earning potential that comes from investing, they are considered less risky because they offer a guaranteed interest rate. When deciding, pay attention to interest rates — if rates are strong, it could be a great time to lock your money into a CD.

Frequently asked questions

Yes. Funds in a USAA FSB savings account are insured up to the limits that the Federal Deposit Insurance Corp. (FDIC) set. That means that the FDIC protects the money against loss in the unlikely event that the bank fails.

Yes. Upon request, we’ll send you an ATM card that lets you withdraw cash from your savings account. You just can't use your ATM card for in-store or online purchases.

Yes. Upon request, we’ll send you a debit card that can be used for purchases from your checking account and also lets you withdraw cash from your checking or linked savings account.

Reach your savings goals with USAA Bank

We can help you save the smart way.

USAA Performance First® Savings

With a $1,000 minimum opening deposit, you have an opportunity to enjoy higher interest rates based on your balance.

Start Saving USAA Performance First Savings

USAA Savings

Begin your savings journey with an initial deposit of $25 or more.

Start Saving USAA Savings

Related footnotes:

  1. To take full advantage of Savings Tools, you need to have a USAA Federal Savings Bank checking and savings account.

  2. When you use a non-USAA Bank ATM outside of our preferred network, you may incur surcharge, usage, or other fees charged by the ATM operator or network. We refund up to $10 per monthly statement cycle in non-USAA Bank ATM surcharge or usage fees for transactions made at non-USAA Bank ATMs. 1% Foreign Transactions Fee may apply. See the Account and Service Fee Schedule for details.

  3. Message and data rates may apply.

Related footnotes:

  1. Membership eligibility and product restrictions apply and are subject to change.

  2. "USAA Bank" means USAA Federal Savings Bank.

  3. Deposit products and services offered by USAA Federal Savings Bank, Member FDIC. 

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