Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
425 Walnut Street
Cincinnati, OH 45202

US Bank (OH) is headquartered in Cincinnati and is the 2nd largest bank in the state of Ohio. It is also the 5th largest bank in the nation. It was established in 1863 and as of December of 2013, it had grown to 64,040 employees at 3,140 locations. US Bank (OH) has a A health rating.

Related Posts

US Bank Fees Increase 300% For Small Retirement Accounts

Per the letter recieved dated 5/10/2011:

"A US Bank IRA continues to be a great way for you to save for your retirement. The annual fee for your IRA plan is increasing from $10 to $30. The balance requirement to waive this fee is also increasing from $5,000 to $25,000 for IRA plans and from $1,000 to $5,000 for Coverdell Education Savings accounts (CESA). In the past, your fee may have been waived automatically if you were over age 70 1/2 and receiving automatic distributions from your IRA plan. This automatic waiver will no longer be applied."

With the low interest rates being offered some folks may actually be losing principle to these fees now. This is a very unethical action of this large bank and will affect many account holders. It shows how a bank can take advantage of loopholes to literally take small investors funds who trusted that their IRA CD was securely invested to grow at a advertised interest rate.

Either this bank has become greedy and is willing to sacrifice ethics to its small account customers, or it has some major financial problems that it is desperately trying to remedy.

Here are some actions that all of us can do to try and stop this and similar actions of these institutions:

- Spread the word to other savers through social media, word of mouth, AARP or other media.

- Sell the stock of unethical institutions like this.

- Withdraw any accounts that you can afford to do so (withdrawl penalties may be assessed).

- Contact your congressman to show this as an example of why tighter bank regulation is needed.


Not Just A Branch Issue: 3 Different Legs Of US Bank Stink.

I chose US Bank as a matter of convenience; they have a branch in my grocery. But, one constant problem has been that they turn over employees at this branch on a monthly basis. This has been a complaint of mine since I noticed the trend to the point of having to laugh with every new face – hello number 48, hello number 49! Most recently, right after I commented to the new teller that she was the 50th person to stand behind that counter, she had the nerve to tell me (2 minutes later) that she would be putting a hold on my $5000 deposit, “since she didn’t know me.”

Currently, I am awaiting a refund of $6100 that was mistakenly paid twice to a US Bank credit card. They told me that such a refund usually takes 7 days, but since it is US Bank to US Bank, it should be quicker. Today is day #8. Last night, their customer service agent, Nathan, confirmed that this was the 7th day and nothing has happened regarding this issue.

Past issues (major): When I went in to a US Bank Business office I asked the woman about opening a new business account. When I casually mentioned the issue of the revolving-door staff and that the latest new teller had tattoos on her hand (gang tats!), the woman got huffy and said, “Well I guess you don’t like me either, because I have tattoos, too!” Gee, lady, they aren’t on your hands looking like you got them in a prison cell – do you discriminate between the two?

On an international transfer, US Bank failed to mention that there would be an extra middle-man bank which would skim their share and alter the final destination amount.

I could go on, but this bank isn’t worth my time. I’m obviously not worth theirs. But then there’s this:

I went down to present the things written above to the US Bank manager (main branch). He is on vacation. Next in line: She took my letter that was addressed to the bank manager, and said, “he’s on vacation.”  No offer to help, just that statement of redundant fact. Duh, that’s why I’m speaking to you and not him – are we both on the same page now? I asked her to read the letter. She read, wobbled her head with a mental “yadda-yadda,” completed her reading and responded: These issues aren’t about our branch. (Actually, you personally handled the international transfer, lady!) No offer to help again, so I presses her: Can you find out where my $6,100 is? Ultimately: her records show only one payment on the credit card, and finally: the check’s in the mail. US Bank to US Bank – and the check’s in the mail (payment is being processed)!

I reminded her that I have already suffered an overdraft fee and that I would need to access my line of credit to be sure I don’t suffer another. She sympathized. Whoopee. No offer to remove the overdraft fee. She couldn’t care less. I guess that’s why she came into the office with a nasty, loose-phlegm cough. Glad she didn’t try to shake my hand, but I’ll still probably get sick on top of the stress of “where’s my friggin’ money?”

Memories of the famous “You can’t have your money” account at B of A and the surly staff at the local Albertson’s grocery.

This Bank Is Not Customer Friendly.

About 2 months ago I set up 2 Visa Buxx card accounts for my teen sons. When we got the cards we found they would not work...anywhere...even though they advertised they would work any where visa is accepted. Nope! They only worked at the US Bank ATM's and then they charged $1.50 for each balance inquiry (which brought the balance down to $18.00 on one card) The subsequent decline for the attempted $20 withdrawal cost .75 cents. So, I got the cards replaced and they still didn't work. Next I called customer service again to let them know the cards aren't working. They blamed it on the merchants. When I asked for a return of fees and to close the account they refused. The manager was awful and we got nowhere and now I'm out $$ for a product/service that never worked.

I would give this bank NO stars if I could. We were thinking of having our son open his first account here but not after this experienc and especially after reading all the complaints online about this bank and their customer service. Horrible!

Unbelievable Penalty For Early Withdrawal Of CD's - Half Of The Interest To Maturity!

Since US Bank is right in our neighborhood (in New Mexico), and I thought I would check it out and open a CD.   The rated looked a bit better than the local credit unions.  The clerk said she didn't know the early withdrawal penalty.  She said "the computer figures it out" but there was no written statement.  So I start browsing a brochure and I couldn't believe  it -- the penalty for early withdrawal of a CD with several years term is half of the interest to maturity!  If I put in $100K at 2% interest into a CD, 59 months term, and try to withdraw it tomorrow I would have to pay US Bank 50% of 5 yrs * 2% = $5K  penalty!!! Plus $25 just to screw the customer a little more.  I pointed this out to the clerk who "didn't know" the early withdrawal penalty, and she just looked bored.   I packed up and left, no account for me at US Bank!



Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 US Bank (OH) had $3.48 billion in non-current loans and owned real-estate with $42.81 billion in equity and loan loss allowances on hand to cover it. This gives US Bank (OH) a Texas Ratio of 8.12% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for US Bank (OH) experienced no significant changes from 8.01% as of December 31, 2012 to 8.12% as of December 31, 2013, resulting in a negative change of 1.41%. This indicates that the balance sheet and financial strength for US Bank (OH) has had no significant changes in recent periods.

Deposit Growth


In the past year, US Bank (OH) has increased its total deposits by $17.46 billion, resulting in 6.88% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth US Bank (OH) has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. US Bank (OH) has $360.48 billion in assets with $42.81 billion in equity, resulting in a capitalization level of 11.88%, which is excellent.

Institution Statistics

FDIC Certificate #6548
Year Established1863
Primary RegulatorOCC
Assets and Liabilities
Assets$360.48 billion
Loans$232.70 billion
Deposits$271.15 billion
Equity Capital$38.56 billion
Loan Loss Allowance$4.25 billion
Unbacked Noncurrent Loans$2.62 billion
Real Estate Owned$855.11 million
Historic Data - December 2012
Assets$345.09 billion
Equity Capital$38.13 billion
Loan Loss Allowance$4.23 billion
Unbacked Noncurrent Loans$2.62 billion
Real Estate Owned$921.84 million
Profit Margin - Quarterly
Net Interest Margin3.52%
Return on Assets1.63%
Return on Equity14.85%
Interest Income$12.06 billion

Always verify rates and promotions with the bank or credit union. We are not US Bank (OH), we are a rate comparison website and can not provide official rates or promotions.

US Bank (OH) Savings Account Rates

0.01%--Standard Savings
0.01%--Goal Savings
0.01%--Star Savers Club

US Bank (OH) Money Market Rates

0.15%$50k-Package Money Market Savings
0.10%$10k-Money Market
0.10%$10k-Elite Money Market

US Bank (OH) Checking Account Rates

0.05%$2,500-Platinum Checking

US Bank (OH) CD Rates

1.50%$1k$250k59 Month CD Special
1.50%$1k$250kBusiness 59 Month CD Special
0.80%$1k$250k60 Month Trade-Up CD
0.80%$1k$250kBusiness 60 Month Trade-Up CD
0.75%$1k$250k37 Month CD Special
0.75%$500$250k60 Month CD
0.75%$1k$250kBusiness 37 Month CD Special
0.75%$500$250kBusiness 60 Month CD
0.50%$500$250k48 Month CD
0.50%$1k$250k19 Month CD Special
0.50%$1k$250kBusiness 19 Month CD Special
0.50%$500$250kBusiness 48 Month CD
0.40%$1k$250k30 Month Trade-Up CD
0.40%$1k$250k28 Month Step Up CD
0.40%$1k$250kBusiness 28 Month Step Up CD
0.40%$1k$250kBusiness 30 Month Trade-Up CD
0.35%$500$250k36 Month CD
0.35%$500$250kBusiness 36 Month CD
0.20%$500$250k24 Month CD
0.20%$500$250kBusiness 24 Month CD
0.15%$500$250k18 Month CD
0.15%$500$250kBusiness 18 Month CD
0.10%$500$250k12 Month CD
0.10%$500$250kBusiness 12 Month CD
0.05%$500$250k1 Month CD
0.05%$500$250k2 Month CD
0.05%$500$250k3 Month CD
0.05%$500$250k6 Month CD
0.05%$500$250k9 Month CD
0.05%$500$250kBusiness 1 Month CD
0.05%$500$250kBusiness 2 Month CD
0.05%$500$250kBusiness 3 Month CD
0.05%$500$250kBusiness 6 Month CD
0.05%$500$250kBusiness 9 Month CD

US Bank (OH) has 3,140 locations. Click to view all US Bank (OH) locations.