Website: http://www.usaa.com

Authority: USAA is a financial services company in the U.S that back in 1922 which offers financial services for the military community as well as consumer banking products for non military individuals. It operates its CD and Savings products under its FDIC member bank, USAA Federal Savings Bank.

How to open an USAA Certificate of Deposit:

- Existing customers as well new USAA customers can open a CD account on their website at usaa.com

- You may also contact them on 1-800-531-USAA (8722) to reach a representative who may assist you in the process of setting up an account or issues you may have on the website. 

- You can visit one of their financial centers in the following states and locations: California, Colorado, Maryland, North Carolina, Texas, Virginia as well as West Point (Exact locations available on their website).

What information may you require when opening a new account online for a US USAA CD Account:

For new customers, you are required to provide your military affiliation including but not limited to a either a family member, yourself or spouse had served in the U.S military. Other identification may include address, SSI, military ID etc.

Some considerations about interest rates for USAA 1 Year CD Rates:

Interest bearing accounts such as certificates of deposit (CD) differ from liquid savings or money market accounts because 1 year CDs having a fixed rate maturity period and therefore illiquid tend to provide a higher interest rate of return. CD accounts provided by USAA are insured/covered up to the applicable limit as set by the FDIC. USAA operates the FDIC member bank, USAA Federal Savings Bank. USAA provides jumbo and super jump cd accounts however a minimum balance is required as indicated on their website/financial center. 

A one year CD interest rate can be affected by a number of factors including the current and future fed funds rate policies as set by the Federal Reserve. Banks sometimes may raise or lower interest rates on deposit accounts depending on the policy set by the Fed, however for various reasons this may not always be the case.  Also funding, liquidity and regulation requirements may require banks to incentivize to attract deposits with higher rates compared to competitors.  '

This cd product is for a 12 month / 1 year with standard, jumbo and super jumbo cd interest rates available.

Other terms for a standard cd include:

3 month (91 days) - 0.30%

6 month (182 days) - 0.56%

1 year  - 0.71%

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12 Month Tiered Rates: 

Regular Standard - $1,000 � $94,999 - 0.71%

Jumbo -  $95,000 to < $175,000 - 0.76%

Super Jumbo - greater than $95,000 - 0.76%