USAA Federal Savings Bank Jumbo CD Yields 5.32% with 5-Year Term
The USAA Federal Savings Bank is pushing for CD rates that are very competitive in today’s market. They have the Super Jumbo CD which gains 5.32% APY for a 5-year term. This certificate requires a minimum deposit of $175K. It is also available for a minimum of $1000 but with a lower rate of 5% APY.
The bank offers the best CD rates with their long term tiered programs:
It will be best to visit the website of the bank to know if you are eligible to join the program. Military connection or affinity will be the key for membership.
The bank provides a 10-day grace period upon maturity of the account. They also impose an early withdrawal penalty of 180 days for certificates with 1 to 5-year terms.
The interest of the account is credited on a monthly basis. The account holder of certificates with terms over 1 year may opt for interest payments on a monthly, quarterly, or yearly basis.
The bank’s main office is located in San Antonio, Texas. BauerFinancial and bankrate.com gave 5 and 4-star financial soundness evaluations, respectively.
The bank is insured with the FDIC with certificate #32188.
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