USAA Money Market Rates
Here at Money Market Rates 101, we like to keep you up to date on the latest available returns. Today, we’re looking at money market rates at USAA.
United States Automobile Association is a premier financial services company that offers a number of saving accounts at different Annual Percentage Yields. USAA Money Market rates are on par with the general market standards. In fact, the company offers better APY as compared to other companies and financial services institutions.
Money market rates at USAA vary on the total amount of money deposited in a savings account. The company offers two broad categories of savings account. The first one – USAA Savings – is related to personal banking. This account can be opened with a deposit of $25 with a variable APY of 0.60%. APYs for amounts greater than $25,000 is currently placed at 0.80%. Similarly, Performance First accounts start with a basic investment of $10,000 at 0.70% APY and can go upwards of $50,000 at 0.80% APY. USAA rates for money markets, especially APY, varies as per the changing. The company offers free funds transfers to any other bank in the US.
The company offers tiered rates service that are directly related with the extent of savings. Additionally, it does not charge any monthly service fees and allows its customers to draw cash from any ATM; the company will refund the fee in case the other bank charges some amount.
Online banking facilities are available with the company. Additionally, customers can also check their balance and other financial information by using the iPhone applications.