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USAA serves members of the military, veterans and their families – and if you’re one of them, understanding the bank’s savings account interest rates can help you get the most for your money. USAA offers three savings accounts: the Standard USAA Savings Account, a Youth Savings Account for younger members, and the Performance First Account, which offers tiered rates that grow with your balance.
Neither of these are high-yield savings accounts in the traditional sense, but the Performance First account may offer competitive rates for members with higher balances.
Here’s everything you need to know about current USAA savings account interest rates in 2026.
Current USAA Savings Account Interest Rates
USAA’s savings options are not high-yield savings accounts, but the USAA Performance First Savings account has tiered APYs that increase as the account balance grows. The minimum opening balance on this account is $1,000.
Here’s a look at all USAA savings account interest rates.
| Account | balance | APY |
|---|---|---|
| USAA Savings | all balance | |
| USAA Youth Savings | all balance | |
| usa performance first | less than $10,000 | 0.01% |
| usa performance first | $10,000 to $24,999.99 | 0.01% |
| usa performance first | $25,000 to $49,999.99 | 0.01% |
| usa performance first | $50,000 to $99,999.99 | 0.38% |
| usa performance first | $100,000 to $249,999.99 | 0.48% |
| usa performance first | $250,000 to $499,999.99 | 0.58% |
| usa performance first | $500,000 to $999,999.99 | 1.10% |
| usa performance first | $1,000,000+ | 1.10% |
Overview of USAA Savings Account Options
USAA offers three savings accounts:
- USAA Savings: A direct 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 skills and develop responsible financial habits
minimum deposit
The minimum deposit for USAA Savings and Youth Savings is $25. The minimum initial deposit into a USAA Performance First account is $1,000.
minimum daily balance
There is no minimum daily balance requirement in any savings account.
APY
All USAA savings accounts earn interest. The APY is fair for USAA Savings and Youth Savings . 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 non-sufficient funds fee if you make a deposit that is not repaid. However, there are other fees you may face:
- Overdraft fee: $29, limited to one fee per day per account; No charges for overdraft protection transfer
- Foreign transaction fee: 1% of the US dollar amount of purchase
Key Benefits of USAA Savings Accounts
While USAA does not offer high-yield savings accounts, its savings accounts come with the following benefits:
- No minimum balance required
- no monthly fee
- Low minimum deposits for standard and youth savings accounts
- An option designed for children/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 may be a little different than opening an account at a normal 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 must apply for membership before opening an account. Once your application is approved, you will 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 plan to deposit at least $50,000, Performance First is probably the better choice as 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, date of birth and other personal information.
4. Add money to your USAA savings account
Once USAA approves your account, you will 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 initial deposits.
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 tier rates.
- How is the Performance First Savings Account different from the Basic Savings Account?
- USAA’s Performance First Savings Account has interest rates divided based on how much money you have in your account. This may be a good option for people with high savings balances, as they will earn more interest than USAA’s standard savings account. However, you will need at least $1,000 as a minimum deposit to open an account.
- Are USAA Savings Accounts FDIC-Insured?
- 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 – you’ll be eligible to open a USAA account.
- What fees should I know about regarding USAA savings accounts?
- USAA savings accounts do not charge a monthly service fee.
Caitlin Moorehead contributed reporting to this article.