What is USAA performance first savings account?

USAA Performance First Savings Account has an annual percentage yield of up to 0.30%, which is higher than the average interest rate for savings accounts. $0 monthly fee. This account does not charge any monthly account fees. Large minimum initial deposit. You need a minimum deposit of $10,000 to open an account.

What is the minimum opening balance for a USAA savings account?

For example, a USAA Savings account requires a minimum opening balance of $25. If you have a larger chunk of money, you may choose an account with a higher interest rate. Our USAA Performance First savings account requires $10,000 to open, but its annual percentage yield, or APY, is typically higher compared to the saving account's.

Does a USAA savings account earn more interest?

If you’re earning the lowest APY of 0.01% with a USAA savings account, the total amount of interest earned won’t add up to much. You could earn a little more interest with Performance First savings if you have at least $10,000 in your account.

Does USAA have a youth savings account?

There’s also the USAA Youth Savings account for savers under the age of 18. There’s a $25 minimum deposit to open the account, and all balances earn 0.01% APY. Parents maintain control over the account until their child turns 18, at which time the account converts to a regular USAA Savings account.