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Thread: USAA Asset Management Account (AMA)

  1. #1

    Default USAA Asset Management Account (AMA)

    Does anyone hold this account? I'd like to know how it works exactly. From what I understand, you can use any of the money that's not tied up in stocks or commodities as a checking account with a check-card and checks. I also understand that any money not invested in seperate commodities earn interest competitive with most money market accounts. Is this true?


    I would love to get more details on how this account works and what people's impressions of it are. Thanks alot for any feedback.
    Anecdotal blog on a SrA's quest to an Early Retirement: www.paddedwallet.net


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  3. #2

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    Default Re: USAA Asset Management Account (AMA)

    Sorry I can't help you on this one. I was hoping that someone who has one of these accounts would post, but it looks like no one picked up yet.

    I HAVE been a USAA insurance and banking customer for almost 20 years, and they are the absolute best in those areas. I also know they have great customer support, and if you call them and ask them how it works, I know they will assign a person to talk to you and walk you through everything.

    I have always given USAA credit for working above and beyond the call of duty. I now have my homeowners and auto insurance, along with my banking through them. I used to have airplane insurance and boat insurance with them in the past as well. I recommend them to anyone who qualifies- you need to be a military member to qualify.

    Good luck, and let us know how it works out for you.

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  5. #3

    Default Re: USAA Asset Management Account (AMA)

    Quote Originally Posted by James48843 View Post
    Sorry I can't help you on this one. I was hoping that someone who has one of these accounts would post, but it looks like no one picked up yet.
    James,
    Are you in DC?

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  7. #4

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    Default Re: USAA Asset Management Account (AMA)

    I just joined USAA and am opening a checking account with them. Does anyone currently have an investment account with them? I'm thinking about rolling over part of my TSP with them.

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  9. #5

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    Default Re: USAA Asset Management Account (AMA)

    Quote Originally Posted by Intrepid_Investor View Post
    I just joined USAA and am opening a checking account with them. Does anyone currently have an investment account with them? I'm thinking about rolling over part of my TSP with them.
    I have both a Roth IRA and a regular brokerage account with them. Not many bells and whistles, but they work fine and since I bank with them it makes things simple.
    Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats

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  11. #6

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    Default Re: USAA Asset Management Account (AMA)

    Thanks JTH. I'm probably open a rollover with them. I'll also keep my Roth and regular account with Scottrade. Can't have all your eggs in one basket.

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