USAA has had a lot of change since the 1920s. If you think about it, it’s been more than a century, and they have offered an evergrowing suite of financial products to active-duty and retired members of the US Armed forces and their family.

USAA is a San Antonio based private organization that was started in 1922 when a group of military officers couldn’t find an insurance company willing to cover their vehicles.

Today, USAA has just about everything from Brokerage and retirement accounts to flood insurance, thorough about a dozen subsidiaries. Shocking enough USAA only has 20 offices in North America and Europe, so USAA conducts the majority of its business online or over the phone.

Is USAA for you? Well, if you are a member of the military or are part of a military family, then USAA is just for you. With so much change over the years, the one unwavering thing is the focus on its original niche: service members and their families. Which means there is a massive part of the US population that doesn’t qualify for membership.

That doesn’t mean if you are not a member, you can’t utilize some of the products and services they have to offer. You are still eligible for investment accounts, life insurance, and shopping discounts. You just miss out on what most people want with USAA, and that is the insurance, loans, banking products, and more.

Now USAA’s policies are always changing, so it’s something to make sure you keep an eye out on if you are looking to get an account with them. Just a few of there products, From a personal baning side, they offer two checking accounts a classic checking and a cashback rewards checking. The cashback rewards checking is interesting because how the cashback works are you earn $0.10 per debit card transaction, no matter the transactions size — two types of savings account your basic that can earn a rate of .09% to .15% APY all depending on the balance. And the Performance First which requires a minimum opening deposit of $10,000 and yields anywhere from 0.05% and 1.16% APY. The best returns are reserved for balances above $250,000.

Additionally, they have a wide variety of investment products. Traditional Brokerage accounts, retirement accounts, managed portfolios, USAA Funds, Annuities, and 529 Accounts, which are your education savings accounts.

If you are a service member and want to learn more about what all products and services are offered, go check out I have been a member of USAA for over ten years, and there is not another insurance company that will cover my vehicles for cheaper than what they do.