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.
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1/15 - US Bank Checking Account Bonus Pays Up To $500
7/8 - US Bank Offers $200 Summer Checking Bonus
6/28/15 - Earn $125 with US Bank's Power Up 2015 New Checking Account Bonus
7/23/14 - US Bank's "Power Up Your Summer" with $150 Bonus for New Checking
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
US Bank Is Just Okay
Been with US Bank for about 6 years, everyone appears really nice when I walk in and friendly. My paycheck is direct deposited so I get the monthly fee of $15 funded back to me. Over the years their pending deposits hold for days which isn't good and you have to be careful. The mobile app is pretty good. 1 thing I recently noticed is I sold my house and made roughly $200k profit, paid fee for the wire transfer. I wrote checks and made some deposits, pending is less than a day now and checks clearing quickly now. ummmm. The bad things, the ATM fees are high, and they nickel and dime you at the ATM, Credit cards rates are very high and my FICO score is close to 800. I am not happy or unhappy with the USBank. Its convenient. I am looking to close this account and go with a more local bank. I need more.
Be Careful - Fee Hungry And Greedy Bank
I am so on the fence about US bank, I like their ATM network and the partnership with moneypass and I also like their online and mobile app. However, they are the greediest sunofab%%%es that operates as a bank. I have never seen such a litany of fees at one bank. NSF, Extended Overdraft, ATM Denial Fee, Debit card denial fee and the list goes on an on. Also, forget a courtesy reversal, they basically told me to pi$$ off when I asked for my first overdraft fee. They are basically ok but will rob you blind if you don't have much money.
Terrible Banking Experience
I hate this bank. I've never had so much trouble setting up a checking account and then not being able to use it once it is set up. I'm finally able to access MY money and my account gets suspended while trying to Zelle some money to my wife. After I finally got the Zelle to go through, I get a call from their fraud department asking me questions like, where did the check that I deposited come from, which bank, what was is for, what did I sell, where did I post it online. I finally stopped the guy and told him it was none of his business. I understand there is a lot of fraud out there but this company seams to cross the line. There are better options out there. I closed my acount and took my money back to Chase.
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 honest 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!!
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 6548 |
| Year Established | 1863 |
| Employees | 69267 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.1% |
| Return on Equity - YTD | 13.54% |
| Annual Interest Income | $7.20B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $582.3B$547.9B |
| Loans | Q2 2022vs Q2 2021 | $330.5B$296.7B |
| Deposits | Q2 2022vs Q2 2021 | $477.4B$442.9B |
| Equity Capital | Q2 2022vs Q2 2021 | $43.05B$51.91B |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $5.83B$6.03B |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $1.09B$1.31B |
| Real Estate Owned | Q2 2022vs Q2 2021 | $22.7MM$17.0MM |
