USAA HSA (Health Savings Account)
USAA currently does not provide Health Savings Accounts (HSA) to non-employees.
If you're looking for a free, easy-to-use HSA, consider
Lively.
Lively offers HSAs at no cost for individuals and families, with no hidden fees. These accounts are secure, backed by FDIC insurance and bank-grade security measures.
Open Lively Account
USAA Brokerage Overview
USAA Brokerage is well-regarded in the online brokerage community, providing robust tools and exceptional customer support both online and in their physical branches.
Opening an Account
Opening an account with USAA Brokerage is straightforward and pleasant, known for outstanding customer service. The staff, whether on the phone or in branches, is knowledgeable and helpful, ready to discuss your investment needs and help set up a tailored investment plan.
The account setup process is quick, usually taking less than thirty minutes, and you have thirty days to fund the account. We transferred our 401K into a new IRA seamlessly, without any tax or penalty issues. Generally, there are no fees associated with maintaining a USAA brokerage account.
For any questions or assistance, USAA’s support can be reached at 1-800-435-4000.
USAA Brokerage Trading Tools Review
Once funded, you can start investing immediately using intuitive tools provided on USAA’s user-friendly website. The platform simplifies the process of researching and trading stocks and ETFs, offering clear, concise information and direct comparisons with major benchmarks.
The website features a comprehensive Equity Monitor and provides equity ratings to help beginners make informed investment choices.
The mobile app extends these capabilities to your smartphone, allowing for portfolio management, trade execution, and fund transfers on the go.
USAA Brokerage Commissions and Fees
USAA’s fees are competitive, with no charge for online stock and ETF trades. Mutual funds transactions cost $49.95 to buy, with no fee to sell. There are no fees for account maintenance or inactivity, and the minimum deposit for opening a cash account is $1,000.
Research
USAA provides access to Schwab’s Equity Ratings and mutual fund report cards, adding value through detailed, actionable investment insights. It also boasts some of the lowest expense ratios on ETFs and index funds and offers a wide selection of commission-free investment options.
USAA HSA Review Summary
USAA Investments performs well overall but may not offer the best value due to its pricing. Its greatest strength lies in the comprehensive range of financial services it provides, including banking, insurance, loans, and more, beyond just investment services.
USAA Brokerage Has Been Discontinued
Free Charles Schwab Account
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Updated on 7/19/2024.
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