Thread regarding USAA layoffs

Definitely not BS. USAA savings accounts pay 0.01% unless you have a very high balance. Banks with high yield savings accounts pay around 4%. That’s 400x the yield.

@1gs+1jpnxz7hf
How many accounts did you have to close that took several weeks? And there is no way that a saving account earned more interest in one month than in 10 years. Calling BS on this post.

I don't know sh-t about the layoffs but I can tell you that I've been moving my funds and closing my accounts for the past several weeks. I've already earned more interest on one savings account in ONE MONTH than I did in 10 years with USAA! F this company!

I tried to buckle up, but they don’t make straps for fat ba----ds like me

@cv+1jpnxz7hf

You’re right, it’s probably more than 10%.

It's not 10%. Don't spread rumors.

@aj+1jpnxz7hf

Do you have a better outlook? If so, please share it, because USAA’s track record the last 5 years is nothing to brag on, no matter how the company tries to spin it. But the kool-aid drinkers will keep drinking it.

Thank you for the gloomy outlook, Nostradamus.

Large banks are not going to take on toxic assets like USAA. The only way it would be sold is if we actually were no longer under consent orders and that will never happen. We keep changing names and faces and getting the same results.

But leadership ended 2024 by saying the consent order wasn’t all that bad!?! Who would have ever thought they would have mislead employees? 🤷🏻‍♂️

Well 10% layoff is old news. Everyone on this forum knew about it