Compound Interest Calculator
CD 9-month Account from USAA Federal Savings Bank with 3.20% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 9-month Account from USAA Federal Savings Bank with 3.20% APY and $1,000 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $27,405. The interest earned would be $7,405 and the tax amount on the interest earned would be approximately $2,221.

Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for USAA Federal Savings Bank

Savings Boost of
$4,865 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
USAA Federal Savings Bank Interest Earned $5,183

 

 

See comparison detail table

This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.

Comparison Detail Table Close X

Average Rate Scenario

Rate:
0.23%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 45 32
2 20,045 45 32
3 20,090 45 32
4 20,135 45 32
5 20,181 45 32
6 20,226 46 32
7 20,272 46 32
8 20,317 46 32
9 20,363 46 32
10 20,409 46 32
TOTAL: $455 $318

USAA Federal Savings Bank Scenario

Rate:
3.20%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 640 448
2 20,640 660 462
3 21,300 682 477
4 21,982 703 492
5 22,686 726 508
6 23,411 749 524
7 24,161 773 541
8 24,934 798 559
9 25,732 823 576
10 26,555 850 595
TOTAL: $7,405 $5,183

Take Action

The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.


Recent Rate Changes



Date APY
October 22, 2024 3.20%
September 5, 2024 4.40%
August 14, 2024 4.50%
February 22, 2024 5.00%
November 20, 2023 5.25%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.25% on October 28.
6 Month Jumbo CD.

Last change: ↑3.00% on August 7.

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.



Customer Reviews for USAA Federal Savings Bank


  • November 28, 2022 |

    While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw was on November 23rd, 2022, the day before Thanksgiving. On the 22nd of November I deposited two checks written to me by a family member, but woke up on the 23rd to find my account was locked. I called in to see what the issue was and was told by the clerk, quite rudely, that my deposits were suspicious. While I understand the need to hold the funds at times to verify funds are available, I do not understand nor appreciate being laughed at by the bank clerk who attempted to ridicule me. After being admonished by the clerk, she said my online account would be reinstated. Of course, it was not, so I was forced to call in yet again to reinstate access to the bank through my smart phone. On Friday, the 24th of November, I called in to make a complaint about my experience. The person I spoke to this time made excuses for why the first clerk was so rude, yet didn't bother to ask who I had spoken to or when this discussion had happened.

    USAA no longer cares. I believe poor leadership from those at the top have ruined the organization. As a disabled Army veteran, I used to be able to rely on USAA to treat me with dignity and respect, but sadly this is no longer the case. It's sad, as their insurance products are wonderful, but banking here is far more trouble than it's worth.

  • August 8, 2022 |

    Left USAA after 30 years and never looked back. The rates were high and the claims problems were horrible once a major claim hit (my first and only one). Much happier since leaving USAA (and there rigid, unbendable practices) behind.


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