Is USAA FDIC insured?
The bank part of it is FDIC insured, yes?
When I Google it, the following shows:
http://www.google.com/search?num=100&hl=en&q=usaa+federal+savings+bank
“Investment/Insurance: Not FDIC Insured Not Bank Guaranteed May Lose Value. USAA products and services are available only in those jurisdictions where “
Yes
Investment/Insurance: Not FDIC Insured Not Bank Guaranteed May Lose Value.
I'm not aware of any insurance or other investment that is FDIC insured.
USAA Bank is definitely FDIC insured.
The blurb you are seeing there is boilerplate to make it absolutely clear that their mutual fund instruments are NOT FDIC insured. That is true of all mutual funds no matter where you go.