Advertiser Disclosure

Pros

Access to more than 60,000 ATMs.
No monthly fees or balance requirements for basic accounts.
Money Manager tool that tracks spending.

Cons

Top annual percentage yield (APY) on basic savings account is 0.15%; better rates are available elsewhere.
Only four locations in the U.S., most financial centers closed recently.
Membership limited to people with military ties.

Overall

3.5

Military families on the move need a bank that goes with them. Through online banking options, mobile tools and a broad ATM network, USAA Bank ensures that members can access their money from anywhere.

If you’re eligible for membership, the bank’s no-fee checking account and Money Manager tool deserve a closer look.

Ratings methodology | Updated May 12, 2017

Checking

4.5

USAA offers four checking accounts nationwide: basic checking, college checking, youth spending and military checking. (A fifth account, Cashback Rewards Checking, is available in 28 states as part of a pilot program.) They all have the same fees and requirements, though for new recruits the cashback and military checking accounts waive the $25 minimum opening deposit.

USAA Savings
0.15%
APY
$10,000
Min. balance for APY
Learn moreat USAA Federal Savings Bank
Free USAA Classic Checking
$0
Monthly fee
None
Balance to waive monthly fee
Learn moreat USAA Federal Savings Bank
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Overall
Customer service
Excellent
Website / app
Excellent
Rates
Poor
Fees
Low
Great company
Customer for 46 years! Great insurance road service and joined banking when available. Nothing but quality customer service. Can't believe some of reviews I've read.
Overall
Customer service
Excellent
Website / app
Good
Rates
Poor
Fees
Low
11 years
Great bank and services all around. They're amazing but checking and saving last of interest rates are a bummer. They're money markets, insurance, and loans are amazing though.
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