Usaa 2 year variable rate cd
: Usaa 2 year variable rate cd
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Usaa 2 year variable rate cd -
5-Year CD Rates in Greater San Antonio Region Lower Than National Average
NEW YORK - RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST), reported today that national averages for CD rates of all durations this week remained unchanged as the Federal Reserve continued to keep the short-term federal funds rate at a range of zero to % since late
"CD rates remain unchanged but investors are still watching the Federal Reserve, which is expected to raise rates later this year," said Scott Gamm, Reporter for mynewextsetup.us "The real question is whether Europe's economic woes will delay a rate hike."
NATIONAL AVERAGE RESULTS - $10K
Avg Rate This week | Avg Rate Last week | |
Money Market | % | % |
1 month CD | % | % |
3 month CD | % | % |
6 month CD | % | % |
1 year CD | % | % |
2 year CD | % | % |
3 year CD | % | % |
4 year CD | % | % |
5 year CD | % | % |
In the Greater San Antonio Region area, the average 5-year CD rate sat at %, lower than the national average of %. Rates on the 5-year CD ranged from % on the low end to % at the high end, which can be found at Compass Bank. The average 3-year CD rate in Greater San Antonio Region was % with a range of % to % found at American Bank of Texas. And if you are on the market for a 1-year CD, take a look at USAA Federal Savings Bank, which currently offers a rate of % as compared to the Greater San Antonio Region average of %. Other top rate issuers can be found in the tables that follow.
GREATER SAN ANTONIO REGION AVERAGE RESULTS - $10K
Avg Rate This | Highest Available | Highest Available Rate Issuer | |
Money Market | % | % | USAA Federal Savings Bank |
1 month CD | % | % | Compass Bank |
3 month CD | % | % | USAA Federal Savings Bank |
6 month CD | % | % | USAA Federal Savings Bank |
1 year CD | % | % | USAA Federal Savings Bank |
2 year CD | % | % | Compass Bank |
3 year CD | % | % | American Bank of Texas |
4 year CD | % | % | American Bank of Texas |
5 year CD | % | % | Compass Bank |
TOP RATE ISSUERS - $10K
This is a list of issuers with top interest rates in the Greater San Antonio Region area. The issuer's Financial Strength Rating is an independent, unbiased evaluation of quarterly regulatory statements. Institutions are assigned a letter grade of A-E with "A" representing the highest rating based on a review of many aspects of financial safety including capitalization, asset quality, profitability and liquidity. For more information, visit mynewextsetup.us Information is believed to be accurate, but not guaranteed.
Money Market | Financial Strength | Minimum to Earn | APY(%) |
USAA Federal Savings Bank | C | ||
Compass Bank | C+ | ||
American Bank of Texas | B | ||
Prosperity Bank | B+ | ||
Banamex USA | B- | ||
1 Month CD | Financial Strength | Minimum to Earn | APY(%) |
Compass Bank | C+ | 1 | |
Cadence Bank, National Association | B- | ||
PlainsCapital Bank | A- | ||
Texas Capital Bank, National Association | B- | ||
Capital One, National Association | C | ||
3 Month CD | Financial Strength | Minimum to Earn | APY(%) |
USAA Federal Savings Bank | C | ||
PlainsCapital Bank | A- | ||
Texas Capital Bank, National Association | B- | ||
American Bank of Texas | B | ||
International Bank of Commerce | B+ | ||
6 Month CD | Financial Strength | Minimum to Earn | APY(%) |
USAA Federal Savings Bank | C | ||
PlainsCapital Bank | A- | ||
Texas Capital Bank, National Association | B- | ||
American Bank of Texas | B | ||
International Bank of Commerce | B+ | ||
1 Year CD | Financial Strength | Minimum to Earn | APY(%) |
USAA Federal Savings Bank | C | ||
PlainsCapital Bank | A- | ||
Compass Bank | C+ | 1 | |
American Bank of Texas | B | ||
Prosperity Bank | B+ | ||
2 Year CD | Financial Strength | Minimum to Earn | APY(%) |
Compass Bank | C+ | 1 | |
USAA Federal Savings Bank | C | ||
American Bank of Texas | B | ||
Lone Star National Bank | B | ||
PlainsCapital Bank | A- | ||
3 Year CD | Financial Strength | Minimum to Earn | APY(%) |
American Bank of Texas | B | ||
Lone Star National Bank | B | ||
USAA Federal Savings Bank | C | ||
Compass Bank | C+ | 1 | |
Cadence Bank, National Association | B- | ||
4 Year CD | Financial Strength | Minimum to Earn | APY(%) |
American Bank of Texas | B | ||
Lone Star National Bank | B | ||
Compass Bank | C+ | 1 | |
USAA Federal Savings Bank | C | ||
Cadence Bank, National Association | B- | ||
5 Year CD | Financial Strength | Minimum to Earn | APY(%) |
Compass Bank | C+ | 1 | |
American Bank of Texas | B | ||
Lone Star National Bank | B | ||
Cadence Bank, National Association | B- | ||
USAA Federal Savings Bank | C |
Data is surveyed weekly with averages calculated each Monday afternoon from RateWatch's unbiased national interest rate survey of over 96, financial institution locations across the United States.
More About CDs:
CDs, or certificate of deposits, are bank-issued promissory notes wherein an investor deposits money for a set amount of time and, provided the money remains untouched, receives interest on the total sum when the investment matures.
While the money can't be accessed during that time (without incurring penalties), the advantage of a CD over a regular savings deposit is the higher rate of interest. Typically, a CD can be taken out on as few as three-month terms but can range to up to five years; generally, the longer the timeframe the higher rate of interest.
CD Laddering:
To provide further financial security, a CD laddering strategy offers conservative investors the opportunity to stagger their capital across numerous deposits set to expire at different intervals. Not only does this hedge against variable rate fluctuations by offering a guaranteed return at a locked-in interest rate, it also increases liquidity given that one CD will mature at predictable and established intervals.
Using an example of a five-year ladder strategy, an investor would divide his or her money amongst one-, two-, three-, four-, and five-year CDs. Once the one-year deposit matures, he or she will reinvest the money into a five-year CD, and will do so every subsequent year upon each CD's maturation. In this way, the investor has a CD that matures each year and thus, steady income from the interest on the maturing investments.
Nevertheless, investors must keep in mind that the onus of developing a ladder strategy is on the investor, not the bank or financial institution. In developing a strategy, map out each rung of the ladder, determining how long you want to invest for, the kind of return you are targeting and the length of time you can tolerate not having access to the principal and interest.
About RateWatch
For over 20 years, RateWatch has been the premier provider of competitive interest rate and product information to financial institutions across the United States. Consistently providing top quality, highly relevant data RateWatch maintains the largest database in the industry with deposit, loan, and fee information monitoring over 96, locations. Rate surveys, product comparisons, financial strength reporting, local/regional/national averages, fee reporting, specialty reports and more are available. To learn more about RateWatch, visit mynewextsetup.us RateWatch is a division of TheStreet, Inc.
National average is calculated using one unique rate per institution. Averages are based on banks, savings & loans, brokers and Internet banks with assets greater than $1 billion.
USAA offers two kinds of certificate of deposit (CD) accounts: Variable Rate CDs and Fixed Rate CDs. Uniquely, the first two accounts offer much more flexibility than normal CDs do. You’ll find that you can make additional deposits and see rate changes during your term.
USAA Variable Rate CD
USAA’s variable rate CD offers customers the unique opportunity to make additional deposits through the account’s term. These deposits must be at least $25, but this allows for a lot more flexibility than CDs usually do.
The interest rate for this USAA CD account, as you may have guessed from the name, can change daily. This is different from most CDs, where the rate is locked in for the duration of the CD term.
| Variable Rate CD | Minimum Deposit | APY |
| 1 Year | $ | % |
| Day | $ | % |
USAA Fixed Rate CD
USAA’s Fixed Rate CDs are the bank’s standard CDs. The rate you see at opening will be the rate your account earns for the length of its term. Just like any standard CD, you cannot make any additional deposits with these accounts. You can open these as Jumbo or Super Jumbo accounts, too.
| Fixed Rate CD | Minimum Standard Deposit: $1, | Minimum Jumbo Deposit: $95, | Minimum Super Jumbo Deposit: $, |
| 30 Day | - | % | % |
| 91 Day | % | % | % |
| Day | - | % | % |
| Day | - | % | % |
| Day | % | % | % |
| 7 Month | % | % | % |
| Day | % | % | % |
| 1 Year | % | % | % |
| 15 Month | % | % | % |
| 18 Month | % | % | % |
| 2 Year | % | % | % |
| 30 Month | % | % | % |
| 3 Year | % | % | % |
| 4 Year | % | % | % |
| 5 Year | % | % | % |
| 7 Year | % | % | % |
Overview of USAA CDs
USAA CDs offer some pretty decent interest rates, especially with its Fixed Rate CDs. The best rates are reserved for the longer-term accounts, though, starting at three years. So while you get to benefit from great rates and earnings, you’ll have to wait at least three years to have access to your savings.
Keep in mind that USAA Bank requires membership to open an account and use its range of products. You are eligible for USAA membership if you’re active military, former military, and an eligible family member or a cadet or midshipman. Once you’re a member, you’ll have access to USAA’s insurance, banking and investing products. USAA will also provide advice and tools for situations like deployment.
Save more with these rates that beat the National Average
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How Much You Earn With USAA Certificate of Deposits Over Time
The amounts below represent what your final balances could look like when your CD reaches maturity. It was assumed that USAA compounds interest daily in order to calculate the amounts below. Your earnings can differ from these given amounts depending on the actual method of compounding, your deposit and the rate at the time of opening.
| Initial Deposit | Day Fixed Rate CD | 1-Year Fixed Rate CD | 3-Year Fixed Rate CD |
| $1, | $1, | $1, | $1, |
| $5, | $5, | $5, | $5, |
| $10, | $10, | $10, | $10, |
How USAA CDs Rates Compare to Other Banks
The USAA rates given below are the Standard Rates for the Fixed Rate CDs. You can see in the comparison table that USAA’s rates aren’t necessarily low-earning. Many big banks like Chase have lower rates. USAA doesn’t have the highest rates either, though, coming in somewhere in the middle.
To find the highest rates in the industry, you may need to turn to an online bank. These banks don’t have the costs of maintaining physical locations so they can pass those savings onto you with better interest rates. Two great examples are Ally Bank and Marcus by Goldman Sachs. They offer some really high-earning rates. Marcus especially outperforms USAA. However, if you have higher balances, Ally may be better for you since its CDs earn according to balance tiers. This means that higher balances can get even better rates.
| CD Account | USAA | Chase | Ally Bank | Marcus by Goldman Sachs |
| 6 Month ( Day) | % | % | % | % |
| 1 Year | % | % | % | % |
| 3 Year | % | % | % | % |
| 5 Year | % | % | % | % |
Should You Get a USAA CD Account?
Only USAA members can open a CD account with the bank. But once you’re a member, the CDs are certainly great options to boost your savings. The interest rates are just good enough so you can see some solid returns, depending on your initial deposit and term length. You also have your pick of three kinds of CDs so you can find the account with the kind of flexibility, if any, you want in a CD.