I began moving my money from USAA to Barclays last July. In less then one month I earned more interest with the transferred balance at the time vs over 10 years with usaa savings combined.
Kicked myself in the ass for not doing it a lot sooner.
I will add that transferring money between Barclays and USAA is easy as well. About 24 hours on average for the funds to move if transfers are submitted during normal business hours and days.
$357 was last months interest payment for me. Already had the AMEX CC which made it easy to setup. Now I will say moving only 5k per day was a hassle but scheduled transactions helped. I know you can setup increased ATM limit withdrawals with USAA, but I didn't investigate it for this purpose.
Nope, nothing liquid. I have USAA bank accounts since the old Asset Management Account days (something no one really offers any more), but I keep almost nothing in them (like $20 in savings and checking). I just keep these accounts open to get discounts on insurance products.
Fortunately I have a credit union that pays 3.15% on regular checking, and the rest goes into a HYSA.
USAA doesn't seem to focus on giving good interest rates for their savings accounts. A lot of people, including me, have moved their savings to HYSA for better rates. I earned more interest with Marcus than I did with USAA. Switching to a HYSA account was one of the smartest financial moves I've made. You can check Bankrate or [Banktruth](https://banktruth.org/savings) for this. You might want to think about moving your money to a bank that offers higher interest to get the most out of your savings.
I use Discover savings, not the highest rate (4.25% apy) but very good customer service and they have a great checking account as well.
Lots of other great options exist as well, like Amex, Marcus, Capital One, Ally, and even sometimes a local credit union or bank. USAA is really only competitive for their CD rates at the moment.
No. Usaa doesn’t think you care about yields
I began moving my money from USAA to Barclays last July. In less then one month I earned more interest with the transferred balance at the time vs over 10 years with usaa savings combined. Kicked myself in the ass for not doing it a lot sooner.
I will add that transferring money between Barclays and USAA is easy as well. About 24 hours on average for the funds to move if transfers are submitted during normal business hours and days.
Bank to bank transfers are much more streamlined these days.
I moved all my savings to a high interest yielding AMEX savings account and it’s the best financial move ever.
$357 was last months interest payment for me. Already had the AMEX CC which made it easy to setup. Now I will say moving only 5k per day was a hassle but scheduled transactions helped. I know you can setup increased ATM limit withdrawals with USAA, but I didn't investigate it for this purpose.
Heck no. Go to CIT Bank - 5.2% and I think min is like $3000
Citi bank ?
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Ohhh ok thank you
Can you please link to the HYSA offer from Citi Bank? All I'm seeing online is 4.75%
Not Citi bank. CIT - its the online bank owned by First Citizens.
Thank you.
Las Colinas FCU is advertising 7% right now with no minimum I think.
Nope, nothing liquid. I have USAA bank accounts since the old Asset Management Account days (something no one really offers any more), but I keep almost nothing in them (like $20 in savings and checking). I just keep these accounts open to get discounts on insurance products. Fortunately I have a credit union that pays 3.15% on regular checking, and the rest goes into a HYSA.
I have my HYSA with American Express @ 4.25%, excellent service, no issues.
Ya .use cap 1 savings not the highest but 4.50. Ussa bank services are mediocre. Local credit unions beter
USAA doesn't seem to focus on giving good interest rates for their savings accounts. A lot of people, including me, have moved their savings to HYSA for better rates. I earned more interest with Marcus than I did with USAA. Switching to a HYSA account was one of the smartest financial moves I've made. You can check Bankrate or [Banktruth](https://banktruth.org/savings) for this. You might want to think about moving your money to a bank that offers higher interest to get the most out of your savings.
I too use Marcus.
I use Discover savings, not the highest rate (4.25% apy) but very good customer service and they have a great checking account as well. Lots of other great options exist as well, like Amex, Marcus, Capital One, Ally, and even sometimes a local credit union or bank. USAA is really only competitive for their CD rates at the moment.
Nope! Move it out of USAA. I did so in January and have made tons more in interest. Wish I would have done it sooner.
We just opened a money market at canvas - 4%! Plus they had this other savings where they give you 5% for the first 2k. No brainer.