Six years ago I had most of my money at USAA in CDs. The rates were good back then but then they didn't keep up with the competitors, despite a lot of complaints from members. I found better and switched all of my banking to other banks. Now in these troubled financial times I'm doing some comparison shopping again, what I found this morning is that USAA's CD rates are LESS THAN HALF of what I can get at my current bank.
My bit of free advice this morning to anyone who is thinking about USAA banking services is to forget USAA and look around, lots better is available.
Does USAA have any logical explanation for this other than the canned baloney that we usually get?
Use SelectQuote. My 1 year policy just renewed for the second time and I am paying 67% less than when I was with USAA. This is for ful coverage for 4 vehicles. I was with USAA for 40 years and my last policy was for 4 vehicles with 1 of them being in storage. So I am now paying 67% less than USAA for better coverage. Both times the policy has renewed, it has decreased.
If you stay with USAA, enjoy those semiannual rate increases. What has been intentionally done to USAA is a disgrace.