USAA is at 0.1% for anything under $5,000 in savings which is the same as Bank of America and several others. I too expect more since others are paying more. Last check at Ally was 0.99% for the same small savings accounts. Make sure when you check rates that you are checking the same type account and same amounts as they will differ. For instance a regular savings with USAA at $10,000 runs 0.3%. Not sure why anyone would keep that much at that rate with all the other options out there for a LOT more but that is their business.
I wonder the same thing. Why such poor rates in comparison to other online Banks? Why can't USAA do what Pen Fed does? I believe it's USAA's cash cow, relying on people who trust USAA to be fair and then lose money to savings, checking and CD rates. I saw the same thing with investments - highers expense ratios and fees and actually very hard to even tell what the total expense of my managed portfolio was.
Oh well, still a great company and happy to be here, but the poor interest rates and higher investment fees means that I'm going elsewhere for my investments.