Compound Interest Calculator
Savings Account from USAA Federal Savings Bank with 1.60% APY and $1,000,000 minimum deposit

Use or Change These Amounts and Rates

The product Savings Account from USAA Federal Savings Bank with 1.60% APY and $1,000,000 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 $23,441. The interest earned would be $3,441 and the tax amount on the interest earned would be approximately $1,032.

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
$2,097 over 10 years
Cash Savings $20,000
Average Interest Earned $311

USAA Federal Savings Bank Interest Earned $2,408



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

Annual Interest
(After Tax)
1 20,000 44 31
2 20,044 44 31
3 20,088 44 31
4 20,132 44 31
5 20,177 44 31
6 20,221 44 31
7 20,265 45 31
8 20,310 45 31
9 20,355 45 31
10 20,400 45 31
TOTAL: $444 $311

USAA Federal Savings Bank Scenario

Annual Interest
(After Tax)
1 20,000 320 224
2 20,320 325 228
3 20,645 330 231
4 20,975 336 235
5 21,311 341 239
6 21,652 346 243
7 21,998 352 246
8 22,350 358 250
9 22,708 363 254
10 23,071 369 258
TOTAL: $3,441 $2,408

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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
June 5, 2024 1.60%

Featured CD Rates

Advertiser Disclosure

13-Month Online CD - Save for the things you want later. Easy online application.


Save for the things you want later. Easy online application.


Save for the things you want later. Easy online application.


7-Month CD Special - Save for the things you want later. Easy online application.


5 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.

Customer Reviews for USAA Federal Savings Bank

  • February 24, 2020

    Online CDs 12 Month Rates

    I had been with USAA for 20 years. Had my checking, savings, auto and renters insurance and 2 credit cards with them. I work in the service industry and make a good portion of my income in cash tips. For 4 years I’ve been consistently making deposits by buying money orders because they do not have any other way for me to deposit cash in Arizona. One day I received a a phone call from a USAA employee asking me all kinds of questions about why I deposit most orders and where is my cash coming from, etc. she was extremely rude, I felt like she was treating me like I had done something wrong and I was a criminal being interrogated. It was so intrusive, rude and offensive. I asked her why she is asking these questions and she snapped at me and said “because it’s my job!” I was really in disbelief that I was really being treated this way by a bank that I had been with for half my life! Mind you, I was only depositing about $6,000 per month in money orders. After asking more questions, she was basically accusing me of money laundering! Unbelievable! At this point I was so offended I told her I’m not interested in speaking with her until she can talk to me with the respect that i deserve. I knew upon hanging up she would flag my account somehow. I didn’t hear back so I assumed she never did figure out how to talk respectfully. 4 months later, I was accepted for an Amex Card thru USAA with a $20,000 limit. I already had a visa and used both cards monthly but never kept a balance because I would always pay in full every month and always on time. About 2 months later, now 6 months after being treated like a criminal, my auto insurance increased by $50 per month for no apparent reason, I didn’t get any tickets or have any accidents and then things got worse... A couple days after I noticed the increase I received a letter in the mail from USAA stating “they are exercising their right to no longer do business with me and after 2 weeks from the date Of the letter all my accounts except my insurance will be closed, so they suggested I make other arrangements if I had any plans of funds to be taken from any of my accounts. I was in shock! I don’t know what happened to USAA but they have completely changed over the last few years with how they treat their customers. I’m so glad I didn’t have my retirement account with them! The way I was treated is absolutely absurd! I called them to ask why they dumped me and the customer service rep had no clue and extended her sympathies for the way I was treated. She had never heard of USAA doing this to any customer and she thought it was strange that my account didn’t have any notes regarding this. I informed her after I searched some message boards, I have learned I’m not the only one as I have found other long term USAA members that had the same thing happen and could not get any answers or explanations from USAA. USAA has become nothing more than an immoral company with no class and no funks to give about their customers. At the end of the day I’m relieved to no longer support such a terrible, cold hearted business and have been treated like gold over at Bank of America! USAA can go kick rocks, I encourage anyone and everyone who is considering becoming a customer of USAA to not walk, but run away from this place! And never look back! And the folks that are still with them, you should really reevaluate and consider going with a better institution, one that will treat you as a valued customer with respect and appreciation! And at the very minimum, have a back up plan should they decide they would like to exercise their right to no longer do business with you, too!

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