Hope things are well.
I recently read about the micro-investing app called Acorns - https://www.acorns.com/- and was pretty impressed with the idea. (Please note I'm not affiliated with Acorns in any way).
Their idea was to link to your credit or debit cards, and whenever you make a purchase the amount charged on the card is rounded up to the nearest dollar. The difference between charge amount and actual item price is then invested (in ETFs in their case).
So for example: when you spend something like $85.15, the app will round it up to $86 and invest the extra 85 cents.
Given how good USAA is with information technology it should be possible to offer such a micro-investment service to its members via the USAA app.
I think USAA should do whatever it can to incentivise saving.
Please consider adding these kinds of tools.
Thank you for your post, Cleisthenes. We appreciate the feedback and suggestion as we're always looking for ways to best assist our members. I will be sharing your comments with the appropriate area for further review and consideration. Thank you for your membership. -Meredith
It would be a great addition to USAA's service portfolio, especially if there is the ability to link other accounts (like AmEx Serve and other banks) as there is in the MyUSAA page...or use those accounts that are already linked (including being able to deposit to existing investment accounts). I've opened an Acorns account but would rather not link my USAA accounts to it. Thanks!