US Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.75% | 5-year CD | 59 Month CD Special 2.50% - Ally Bank High Yield 5 Year CD |
| 2.00% | 3-year CD | 37 Month CD Special |
| 1.75% | 18-month CD | 19 Month CD Special |
As one of the largest banks in the United States, US Bank draws upon over 150 years of banking experience to offer its personal, business, commercial, and government banking customers a full suite of financial products and services. The bank offers its customers quick and secure access to funds through online and mobile banking options. US Bank’s depository banking products – for both its individual and corporate customers – include savings accounts, money market accounts, checking accounts, and Certificates of Deposits (CDs).
The bank’s personal savings accounts, money market accounts, and checking accounts can be easily linked together in various relationship banking packages, with attendant banking perks in each scenario. US Bank’s personal money market accounts yield better interest rates for larger account balances, and there is a tax-advantaged Individual Retirement Account (IRA) option available as a money market account. Personal CDs are also available, with terms ranging from 1 month to 60 months.
US Bank’s business checking accounts vary based upon account balance and monthly transaction volume. These business checking accounts can be combined with other business banking products and services in a variety of relationship banking packages – again, with attendant perks for each scenario. The bank offers a business “sweep” savings account that automatically transfers excess account balances from a business checking account into a business savings account with higher interest rates. Just like the personal money market accounts, business money market accounts yield tiered interest rates, depending upon account balance. US Bank’s business CD terms go from 14 days to 5 years.
In 1863, US Bank was established as the First National Bank of Cincinnati. Today, US Bank is owned by bank holding company US Bancorp. The headquarters for both the bank and its parent company are in Minneapolis, Minnesota.
Related Posts
7/8 - US Bank Offers $200 Summer Checking Bonus
7/17/14 - US Bank $150 Bonus
12/6/12 - U.S. Bank To Launch Photo Bill Payment In 2013
10/1/12 - $200 US Bank Checking Account Bonus - YMMV
8/16/12 - $150 US Bank Checking Account Bonus - YMMV
11/14/11 - U.S. Bank's New Mobile Banking Fees
10/31/11 - Competitive 59-Month CD Rate at US Bank - Available Nationwide
10/28/11 - CD Increase
8/24/11 - Real-Time Alerts Now Available For U.S. Bank ATM And Check Card Customers
6/24/11 - Making Popmoney Payments Is A Snap At US Bank
6/2/11 - US Bank Hits IRA Customers with Higher Fees
3/22/11 - New US Bank Checking Fees
3/22/11 - Special 19-Month CD Rate at US Bank in Southern California
3/4/11 - U.S. Bank S.T.A.R.T Savings Plan
2/24/11 - US Bank Will Launch Its Online Check Deposit Service, DepositPoint, In March
1/24/11 - US Bank CEO Hints That They May End Free Checking
12/28/10 - Competitive Long-Term CD Rates at US Bank
12/14/10 - Remote Deposit Now Available At US Bank For Existing Customers
10/28/10 - US Bank's $15 Bonus For Using Its Online Bill Pay
10/24/10 - 2.50% 5-Year CD At US Bank
9/23/10 - Score $75 For FREE From U.S. Bank!
8/2/10 - $150 Checking Account Bonus At US Bank - YMMV
5/23/10 - US Bank is Adding Remote Deposit Capability - DepositPoint
5/21/10 - Competitive Special CD Rates at US Bank - Available Nationwide
9/16/09 - US Bank's New Savings START Program and Review of Other Savings Programs
8/13/09 - 2.25% 12-Month CD at Bank USA in Arizona - Local Only
7/24/09 - 4.00% 59-Month CD at US Bank Branches in California
4/22/09 - Short-Term CD Rates Up to 2.70% at FBOP Corp Banks in CA, AZ, IL, TX
4/12/09 - 4.00% 59-Month CD at US Bank Branches in CA, MO & Maybe Other States
4/6/09 - Up to $160 Checking Account Bonus at FBOP Banks in CA, TX, AZ & IL
3/13/09 - 4.25% 59-Month CD at US Bank Continues in CA - Benefit of Opening CD at Downey Savings Branches
2/23/09 - 4.25% 59-Month CD & 2.50% 10-Month CD at US Bank in California
2/16/09 - 4.00% 59-Month CD at US Bank
10/19/08 - Another $75 Checking Account/Debit Card Bonus at US Bank
9/17/08 - $75 Checking Account/Debit Card Bonus at US Bank
8/27/08 - Up to $150 Checking Bonus at Cal National Bank in Southern California
7/29/08 - $100 Checking Account Bonus at US Bank in Milwaukee, St. Louis and Cincinnati
6/27/08 - 5.00% 59-Month / 4.75% 45-Month CD at US Bank
4/24/08 - 4.50% 59-Month CD at US Bank
3/3/08 - $75 Checking Account Bonus at an Illinois Branch of US Bank
9/7/07 - $75 Checking Account Bonus at US Bank in Washington State
1/24/07 - 5.35% 11-Month CD at a Chicago Bank (Park National)
3/13/06 - 5.00% 6-Month CD at a California Bank
Amazing Experience!!
I opened an Gold Checking Account with them and closed it and transferred out the funds about a year later, only because I very seldom used it. About a week later, I received a check in the mail from US Bank for $0.02!! Apparently this was for the accrued but unposted interest which my account had earned when I closed it. I have never dealt which such an ETHICAL bank!! Even if they were legally required to return the $0.02 to me, obviously I couldn't have cared less had they just kept it. For its honesty, US Bank deserves 5 stars!!
I like them
I bank with US Bank. I have an online checking account which I use to pay bills. This bank was the first online banking I had ever done, so I had to learn how. Thankfully, their customer service department has always helped me figure out what was wrong when something didn't go right. The biggest issue I've had is when they have updated their system in the past, the online banking sometimes didn't work. On three separate occasions over several years, I was on the phone with technical support trying to solve the issue, and found out it wasn't working with a specific browser. I had to use Internet Explorer for awhile and then eventually it starting working with other browsers like Chrome. Since this has happened so many times, I now know to try another browser before calling for help if I ever have issues.
I generally like the online experience. There used to be a section on the left side where you can click a link that says "Pay Bills." It allowed you to pay a single bill quickly and easily. But it you wanted to pay a bunch of them, like I usually do, you had to click a link that indicated you could go to the regular Pay Bills page, but you actually had to click it twice. Now they have a link that says "Pay External Bills" and that takes you directly there.
Overall I am satisfied with the experience. I use the automatic bill pay feature a lot and have figured out how to get around in the system.
Not a fan
I would not recommend this bank. I have had a lot of bad experience over the several years I banked with them. They actually went though a class action lawsuit due to the outrageous fees they charge for overdraft. They would make your deposits and purchases "pending" for days on end. Even though your deposit was put in first they would take out all your charges first and then charge you numerous overdraft fees prior to adding the deposit. I finally closed my account with them and moved to a credit union and have since had zero issues.
Feeding At My Account
About a month ago I inadvertently overdrew my account $50.00 when paying off a credit card balance. I have very little activity in this account. The bank assessed me a $36.00 overdraft charge, then continued to charge me $25.00 every seven days for a continuing overdraft condition, and never informed me that I was overdrawn. By the time I realized I was overdrawn, they had assessed me a total of $219.00. When I asked them why they had not called or emailed me that I had a problem, they said they would have sent me a letter at the end of the month. This is not banking, this is larceny.
Data as of Q4 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 6548 |
| Year Established | 1863 |
| Employees | 71180 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.34% |
| Return on Equity - YTD | 13.13% |
| Annual Interest Income | $14.14B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $456B$441B |
| Loans | Q4 2017vs Q4 2016 | $279.5B$273.4B |
| Deposits | Q4 2017vs Q4 2016 | $357.2B$343.1B |
| Equity Capital | Q4 2017vs Q4 2016 | $46.72B$45.34B |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $3.92B$3.81B |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $1.68B$2.09B |
| Real Estate Owned | Q4 2017vs Q4 2016 | $141.6MM$186.1MM |
Always verify rates and promotions with the bank or credit union. We are not US Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.
US Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.08%*† | $10k* | - | Business Savings Sweep | ||
| OTHER TIERS: 0.05% → Up to $10k | |||||
| 0.01%† | - | - | Standard Savings | ||
| 0.01%† | - | - | Goal Savings | ||
| 0.01%† | - | - | Star Savers Club | ||
| 0.01%† | - | - | Basic Business Savings | ||
US Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.25%† | $10k | - | Platinum Select Money Market Savings - Bonus Rate | ||
| 0.60%*† | $5k* | - | Retirement Money Market Savings - Bonus Rate | ||
| OTHER TIERS: 0.55% → Up to $5k | |||||
| 0.23%*† | $250k* | $1m | Platinum Business Money Market - Bonus Rate | ||
| OTHER TIERS: 0.10% → Up to $5k | 0.11% → $5k - $100k | 0.18% → $100k - $250k | |||||
| 0.18%*† | $250k* | - | Platinum Business Money Market | ||
| OTHER TIERS: 0.05% → Up to $5k | 0.06% → $5k - $100k | 0.13% → $100k - $250k | |||||
| 0.18%*† | $100k* | - | Preferred Business Money Market | ||
| OTHER TIERS: 0.01% → Up to $20k | 0.06% → $20k - $100k | |||||
| 0.10%*† | $50k* | - | Platinum Select Money Market Savings | ||
| OTHER TIERS: 0.05% → Up to $10k | 0.06% → $10k - $50k | |||||
| 0.10%*† | $5k* | - | Retirement Money Market Savings | ||
| OTHER TIERS: 0.05% → Up to $5k | |||||
| 0.10%*† | $1m* | - | Premium Business Money Market | ||
| OTHER TIERS: 0.05% → Up to $20k | 0.06% → $20k - $500k | 0.08% → $500k - $1mm | |||||
| 0.07%*† | $50k* | - | Package Money Money Market Saving | ||
| OTHER TIERS: 0.04% → Up to $10k | 0.05% → $10k - $50k | |||||
| 0.06%*† | $50k* | - | Elite Money Market | ||
| OTHER TIERS: 0.04% → Up to $10k | 0.05% → $10k - $50k | |||||
| 0.05%*† | $10k* | - | Standard Money Market | ||
| OTHER TIERS: 0.04% → Up to $10k | |||||
US Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.05%*† | $20k* | - | Premium Business Checking with Interest | ||
| OTHER TIERS: 0.01% → Up to $20k | |||||
| 0.05%† | - | - | Non-Profit Checking | ||
| 0.01%† | - | - | Premium Checking | ||
| 0.01%† | - | - | Platinum Checking | ||
| 0.01%† | $20k | - | Gold Business Checking Package with Interest | ||
US Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00%† | $1k | $250k | 37 Month CD Special | |
| 2.00%† | $1k | $250k | Business 37 Month CD Special | |
| 1.75%† | $1k | $250k | 59 Month CD Special | |
| 1.75%† | $1k | $250k | 19 Month CD Special | |
| 1.75%† | $1k | $250k | Business 19 Month CD Special | |
| 1.75%† | $1k | $250k | Business 59 Month CD Special | |
| 0.80%† | $1k | $250k | 60 Month Trade-Up CD | |
| 0.80%† | $1k | $250k | Business 60 Month Trade-Up CD | |
| 0.75%† | $500 | $250k | 60 Month CD | |
| 0.75%† | $500 | $250k | Business 60 Month CD | |
| 0.50%† | $500 | $250k | 48 Month CD | |
| 0.50%† | $500 | $250k | Business 48 Month CD | |
| 0.40%† | $1k | $250k | 30 Month Trade-Up CD | |
| 0.40%† | $1k | $250k | 28 Month Step Up CD | |
| 0.40%† | $1k | $250k | Business 28 Month Step Up CD | |
| 0.40%† | $1k | $250k | Business 30 Month Trade-Up CD | |
| 0.40%† | $1k | $250k | 9 Month CD Special | |
| 0.40%† | $1k | $250k | Business 9 Month CD Special | |
| 0.35%† | $500 | $250k | 36 Month CD | |
| 0.35%† | $500 | $250k | Business 36 Month CD | |
| 0.20%† | $500 | $250k | 24 Month CD | |
| 0.20%† | $500 | $250k | Business 24 Month CD | |
| 0.15%† | $500 | $250k | 18 Month CD | |
| 0.15%† | $500 | $250k | Business 18 Month CD | |
| 0.10%† | $500 | $250k | 12 Month CD | |
| 0.10%† | $500 | $250k | Business 12 Month CD | |
| 0.05%† | $500 | $250k | 1 Month CD | |
| 0.05%† | $500 | $250k | 2 Month CD | |
| 0.05%† | $500 | $250k | 3 Month CD | |
| 0.05%† | $500 | $250k | 6 Month CD | |
| 0.05%† | $500 | $250k | 9 Month CD | |
| 0.05%† | $500 | $250k | Business 1 Month CD | |
| 0.05%† | $500 | $250k | Business 2 Month CD | |
| 0.05%† | $500 | $250k | Business 3 Month CD | |
| 0.05%† | $500 | $250k | Business 6 Month CD | |
| 0.05%† | $500 | $250k | Business 9 Month CD |
