Savings Account & MMA Rates
CD (Certificate of Deposit) Rates 
After watching the same banks offer the best 5-year CD rates all summer, it’s good to report that we have a newcomer.
USAA is paying 3.00% APY with a $1,000 minimum deposit.
That’s good enough to tie the diversified financial company based in San Antonio for second in our rankings of the top nationally available 60-month CD rates.
Only Melrose Credit Union, which has an unusual charter that allows anyone to join, offers a slighltly better return. It’s paying 3.03% APY with a $5,000 minimum payment.
USAA, which stands for United Services Automobile Association, started out selling auto insurance to military families.
Over the past 90 years it’s steadily expanded into other types of insurance, financial planning and investments, and banking, which includes checking accounts and certificates of deposit that are available to anyone.
You must “join” USAA by filling out an online application before you can buy one of its top-paying 5-year CDs. But there’s no membership fee and no requirement that says you had to serve in the military.
Deposits are FDIC insured through USAA Federal Savings Bank, which has five branches in Texas and Colorado, and earns four out of five stars for financial stability from Bankrate’s Safe & Sound rating system.
Compare these returns with the best CD rates from scores of other banks in our database and you’ll see how good it is.
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