Financial Advisor Usaa
What is the proper name for the Combat CD?
I contacted my USAA Financial Adviser and apparently there is an account when your are deployed where you can deposit your money and earn 10% interest on it but you cant access the money until you return. What is the proper name of that type of account so I may look up some more info on it? Thx
Oh so there is a 10,000 limit cap…? So would that mean I would have to withdraw then and transfer the rest into another account….
ask one of ur nco’s or officers, or go to ur hhc and ask ur finacne officer. the hubby’s fiance officer did a briefing for all of us on all of that but it was 8 months ago so i don’t remember. We have one though and it’s excellent it does have a 10,000 dollar limit on it though and it has to be transfered within 90 days of redeployment. We’ve maxed ours out because he re-enlisted in theather. Money-market accounts also tend to have high yeilds and no limits on withdraw.
It means u can have no more than 10 grand in it during the course of the deployment, it’s only going to earn that intrest on the first 10 grand so yes the rest of ur money would do better in a money market account or maybe in your tsp depending on how u have it set up. Go see ur bn’s finance officer he’ll sit down and talk to u about all of it.
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