Accounts for Saving
Starting your journey to savings? Begin by opening an account with a minimum of $25.
Seeking a better interest rate? Increase your chances by opening an account with a minimum of $10,000. Check out the available funding options.
Want to give your children a head start in saving? Open an account with as little as $25.
Automating your savings makes it easier.
When you combine a USAA savings account with a USAA checking account, you gain access to USAA Savings Tools — a collection of tools designed to make saving effortlessly automatic.
Find out more
What exactly is a savings account, and how does it function?
A savings account is an account that earns interest and encourages individuals to save money. Funds in a USAA Federal Savings Bank (FSB) savings account are protected up to the limits established by the Federal Deposit Insurance Corp. (FDIC). This means that in the unlikely event the bank fails, the FDIC will safeguard your money against loss. Separate from your checking account and long-term investments, savings accounts can grow through regular deposits and compounding interest, allowing you to accumulate funds for future major purchases or emergency situations. For more detailed information on savings accounts, please visit this page.
How can I open a USAA Federal Savings Bank (FSB) Savings Account online?
To open a USAA Savings account or a USAA Youth Savings account, you must make an initial deposit of at least $25. Here are the available funding methods:
- An existing USAA FSB account.
- Any USAA Bank credit card, up to $100.
- A Visa® or Mastercard® from another bank, up to $100.2
- An account at another bank that allows transfers.
For a USAA Performance First Savings account, the minimum opening deposit is $10,000. If you choose to apply online, you must fund this account from your existing USAA FSB checking or savings account. If you prefer to explore other funding options, please contact us at 800-531-USAA (8722).
How can I make deposits into my account?
Making deposits into your account is as easy as watching your balance grow with interest. With a USAA Savings account, you can:
- Initiate electronic fund transfers from another account you own at USAA FSB or from a different bank.
- Utilize the convenient feature of Deposit@Mobile®1 in the USAA Mobile App by capturing an image of a check.
- Make deposits at designated USAA ATMs by choosing this option from among the options available.
- Facilitate direct deposit by establishing an arrangement using the unique account number for your savings account, as indicated in your statements, along with USAA's routing number: 314074269.
- Kindly bear in mind that your account number differs from your USAA number or your Social Security number.
Can an ATM card be obtained for a savings account?
No, it is not possible to acquire a debit card for a USAA FSB savings account. However, upon request, an ATM card can be provided that allows you to withdraw cash from your savings account and make deposits at select USAA ATMs. This card is not usable for in-store or online purchases.
Do savings accounts earn interest?
Certainly. USAA FSB savings accounts generate interest, with the accrual process commencing on the business day when funds are received by USAA FSB. Feel free to explore our current savings rates.
How can I open a savings account for someone who is under 18?
If you wish to establish an account for your child who is under 18 years old, you may consider opting for a USAA Youth Savings account. Visit the designated webpage for more information.
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