Hello @wait4thebus, Some USAA deposit accounts are interest bearing accounts and the amount of interest is based on the daily collected balance. Any interest rates provided are variable Annual Percentage Yields, or variable APYs. Any interest rates provided for Fixed Rate CDs are Annual Percentage Yields, APYs.
Interest accrues on a daily basis based on the daily collected balance and is credited to the account when the statement is cycled. The interest rate and annual percentage yield may change daily. If a deposit is credited to the account anytime during the statement cycle, interest may not be accrued until the funds are collected, therefore resulting in a lower APY shown at the bottom of the statement.
Note: The APY is affected, not the interest rate.
If you do have additional account specific questions please call us at 210-531-8722. -Colleen