USAA Bank Cuts CD Rates Again

USAA Bank had a history of offering the best long-term CD rates especially for Jumbo amounts. However, rates have been falling.

Post updates to their rates in this thread.

And post the latest rates in the Quick Summary

I'm afraid USAA Bank has again cut some of its CD rates. Here are the latest 5-year and 7-year CD rates as of 9/24/2010:

Super Jumbo CD ($175K min) APYs:

• 3.05% 7-year (was 3.30%)
• 2.75% 5-year (was 2.81%)

Jumbo CD ($95K min) APYs:

• 3.05% 7-year (was 3.30%)
• 2.75% 5-year (was 2.81%)

Standard CD ($1K min) APYs:

• 3.00% 7-year (was 3.25%)
• 2.70% 5-year (was 2.75%)

I'm afraid there are no more 3.00% CDs at USAA Bank. Even the 7-year Super Jumbo CD APY has fallen below 3.00%.

As of 10/22/2010:

Super Jumbo CD ($175K min) APYs:

• 2.90% 7-year (was 3.00%)
• 2.60% 5-year (was 2.65%)
• 2.56% 4-year (was 2.61%)
• 2.30% 3-year (was 2.36%)

Jumbo CD ($95K min) APYs:

• 2.90% 7-year (was 3.00%)
• 2.60% 5-year (was 2.65%)
• 2.30% 4-year (was 2.36%)
• 2.05% 3-year (was 2.10%)

Standard CD ($1K min) APYs:

• 2.85% 7-year (was 2.95%)
• 2.55% 5-year (was 2.60%)
• 2.25% 4-year (was 2.30%)
• 2.00% 3-year (no change)