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Occasional Contributor

Does USAA have a sweep program for checking and savings accounts for accounts that go above the FDIC insurance maximums?

2 REPLIES

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@MJohn32, That's a great question. At this time we do not offer sweep programs for deposit accounts. As you already know, the FDIC provides insurance that covers the balances of your accounts up to $250,000 per owner. Additional coverage depends on the type of accounts you have. 
 
For detailed information, please visit the FDIC and use their electronic deposit insurance estimator to help you calculate the amount of coverage you have for all your FDIC-insured accounts.- Ben




 

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Thank you for your response Ben.