USAA HSA (Health Savings Account)
USAA does not offer Health Savings Accounts for non-employees.
If you want a $0 price, easy to use HSA, check out a company called
Lively.
Firm's HSAs are free for both individuals and families, which means no
hidden costs. Lively HSA's are FDIC-insured and use bank-grade security.
Open Lively Account
USAA Brokerage Overview
USAA Brokerage has a sterling reputation within both the online brokerage community and the brick and mortar full service realm.
The broker offers many of the same powerful tools as other online brokerage firms
like Charles Schwab and Etrade, while also providing superior customer support over the phone and in their stores.
Opening an Account
Opening an account with USAA Brokerage is not only easy, but it was very pleasant experience. In an online investing industry, USAA Brokerage is
at the top in excellent customer service. The representatives that answer the phones, as well as those in the branch offices, are very friendly
and professional. They will take the time to answer all your questions and will even provide ideas about how to invest your funds. Once you open
the account, you may also be eligible to schedule a session with an investment advisor. Investment advisor will talk with you about your financial
goals and create an investment profile for you, to help you figure out how to invest your funds.
When we opened an account, the entire process took less than thirty minutes. Once account was open, we had thirty days to fund the account. For
funding, we rolled over our 401K account. The funds from the 401K were transferred directly into our new IRA without any hassles or worries about
taxes or penalties. Generally, there are no fees associated with the USAA Brokerage accounts.
Anytime you have any questions or of you need a help, you can call USAA Brokerage at 1-800-435-4000. Representatives are always available to help
you with whatever you need.
USAA Brokerage Trading Tools Review
Once account was funded, we were eligible to begin investing right away. The tools available on the website are very intuitive and easy to use.
The USAA Brokerage website is well designed and user friendly. Much of the clutter associated with other online trading platforms is noticeably absent.
It’s easy to research equities within the website. Quotes contain all the relevant information including news, charts, earnings estimates, and even
ratings.
The Equity Monitor feature on the website allows for an overarching view of stock positions. This feature compares individual stock performance with
the S&P 500 and similar benchmarks.
USAA Brokerage features ratings next to individual equity stocks which could be extremely valuable especially to beginner investors.
USAA Brokerage's mobile app allows customers view detailed balance and position summaries; transfer funds between most Schwab brokerage accounts
on their tablet, iPhone, or Android device; and trade stocks, ETFs, mutual funds, and options, with ability to view, edit, or cancel open orders
and close out of positions.
USAA Brokerage Commissions and Fees
Commissions at USAA Brokerage are higher than the average among online stock brokers for buying mutual funds but lower than the average for trading stocks
and ETFs. The firm charges $0 fee for online
stock and ETF trades, and $49.95 to buy ($0 to sell) for no-load mutual fund transactions.
USAA Brokerage does not have IRA fees, account maintenance and inactivity fees, as well as common surcharges. Minimum deposit required to open a cash
account is $1,000.
Research
One advantage that Schwab has over the other three brokers is that Schwab clients also have free access to the very useful Schwab Equity Ratings, which cover
approximately 3,000 U.S. stocks and grade them on an A, B, C, D, and F scale. Furthermore, Schwab offers its clients free Schwab report cards on mutual funds.
Schwab also has the lowest expense ratios on ETFs and index funds and one of the richest selection of commission-free investment products in the industry.
USAA HSA Review Summary
As you can see in this 2024 brokerage review, USAA Investments has an overall decent performance; but due to its pricing schedule, it does not seem like a
very good value. Where the company really succeeds is in its plethora of financial services that go well beyond investments and include banking,
insurance, mortgages, travel discounts, auto loans, and much more.
USAA Brokerage Has Been Discontinued
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