What is a good bank for military veterans, servicemembers? USAA vs Navy Federal Credit Union, etc.?

SGT Jamell Culbreath — Thu, 20 Apr 2023 15:35:50 -0400

Looking for a bank where I can get a good APY? Good rate.

Response by 1LT Private RallyPoint Member made Apr 20 at 2023 9:46 PM

1LT Private RallyPoint Member — Thu, 20 Apr 2023 21:46:09 -0400

USAA has better customer service in my opinion.

Local banks in your area can always be competitive though. You never know until you call and start talking rates and various options.

Response by MSgt Private RallyPoint Member made Apr 20 at 2023 11:10 PM

MSgt Private RallyPoint Member — Thu, 20 Apr 2023 23:10:09 -0400

I’m with Navy Federal CU and have been happy. I have also heard good things about PenFed CU. I much prefer credit unions over banks.

Response by SPC James Neidig made Apr 21 at 2023 1:28 AM

SPC James Neidig — Fri, 21 Apr 2023 01:28:18 -0400

I Have Been Using Woodforest For About 15 Years, They Are In A Lot Of Walmarts All Over The Country So They Are Close By If You Need To Talk To A Person, They Are A Full Service Bank

Response by CSM Darieus ZaGara made Apr 21 at 2023 8:38 AM

CSM Darieus ZaGara — Fri, 21 Apr 2023 08:38:14 -0400

USAA. HANDS DOWN. Look into there vetting interest earning capacities. They have a very broad range of types allowing for versatility.

Response by SFC Dan Thomsen made Apr 24 at 2023 5:27 PM

SFC Dan Thomsen — Mon, 24 Apr 2023 17:27:17 -0400

I wonder if USAA requires you to use this wording in this new law on conventional loans. If they want to resell your mortgage to Fannie Mae or Freddie MAC it will require this wording after May. And those two buy up over 90% of all new mortgages. https://www.wfla.com/personal-finance/homebuyers-with-good-credit-to-pay-higher-mortgage-rates/#:~:text=A%20new%20federal%20rule%20enforced,of%20%24400%2C000%2C%20the%20report%20said.

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Response by SSG Carlos Madden made Apr 28 at 2023 10:53 AM

SSG Carlos Madden — Fri, 28 Apr 2023 10:53:01 -0400

USAA has been getting a lot of hate the last year or so but I haven't had any problems and would recommend them. I use a number of their products.