Bank CD Rates

The USAA Bank CD rates are dependent on which type of CD you choose to invest in. USAA Bank has three different types to choose from. There is the fixed rate, adjustable rate, and variable rate CDs. No matter which one you choose, they are all insured by the FDIC.

The feature rates vary depending on which type is right for your investing style. The fixed rate 18 month CD has an APY of 1.90%. The 2 year CD has an APY of 2.20%. The 5 year CD has an APY of 3.01% and the 7 year CD has an APY of 3.85%. The featured adjustable rate 3 year CD has an APY of 1.50%. The 4 year CD has an APY of 1.75%, and the 5 year CD has an APY of 2.02%. The variable rate 182 day CD has an APY of 0.81% and the 1 year CD has an APY of 1.03%. These are the best bank CD rates available from USAA Bank.

The initial deposit for the standard fixed rate and adjustable rate CDs is $1,000. The minimum deposit for the standard variable rate CD is $250.

The main difference between the fixed rate and the adjustable rate CDs is that the fixed rates all have a higher APY but the adjustable rate CD is capable of having a onetime rate increase during the term of the CD without lengthening the maturity date. This rate increase is limited to 2.00%.

The website does not state the date at which these rates were posted, but they are current as of December 30, 2009. The USAA Bank CD rates are subject to change without notice so check their website for any changes.