US Bank

Overview / Commentary

www.usbank.com

800-872-2657

800 Nicollet Mall
Minneapolis, MN 55402

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.

View all posts from:

2017
2016
2015
Earlier

9/3 - U.S. Bank Chicagoland CD Specials - 2.05% 59-Month
7/8 - US Bank Offers $200 Summer Checking Bonus

6/30 - It's Time For US Bank's $150 "Summer Bank Bonus 2016"

6/28 - 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

Reviews (113)

Amazing Experience!!

Posted by: ichaelm | Jan 10, 2017

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!!

Comment

US Bank Is Just Okay

Posted by: Hiking7 | Sep 1, 2019

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.

Comment

Not a fan

Posted by: Robalink | Mar 30, 2018

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.

Comment

Atm Deposits

Posted by: Unhappy147 | Jan 13, 2020

Dont use their Atm for deposits if it malfunctions, your screwed out of your money for 10 days smh...

Comment

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Health

A+

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	6548
Year Established	1863
Employees	69776
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.54%
Return on Equity - YTD	14.88%
Annual Interest Income	$13.15B

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$477.4B$456B
Loans	Q3 2019vs Q3 2018	$295.1B$281.7B
Deposits	Q3 2019vs Q3 2018	$372.4B$342.9B
Equity Capital	Q3 2019vs Q3 2018	$49.63B$47.08B
Loan Loss Allowance	Q3 2019vs Q3 2018	$4.01B$3.95B
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$1.36B$1.42B
Real Estate Owned	Q3 2019vs Q3 2018	$82.2MM$99.9MM

Rates

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Savings
Money Market
Checking
CD

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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
0.35%^*^†	$1m^*	-	Business Savings Sweep
OTHER TIERS: 0.05% → Up to $10k \| 0.08% → $10k - $50k \| 0.20% → $50k - $1m
0.01%^†	-	-	Standard Savings
0.01%^†	-	-	Basic Business Savings

US Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.50%^†	$50k	$3m	Platinum Business Money Market - Bonus Rate
0.60%^*^†	$5k^*	-	Retirement Money Market Savings - Bonus Rate
OTHER TIERS: 0.55% → Up to $5k
0.60%^*^†	$3m^*	-	Platinum Business Money Market
OTHER TIERS: 0.06% → Up to $50k \| 0.20% → $50k - $100k \| 0.25% → $100k - $250k \| 0.30% → $250k - $500k \| 0.40% → $500k - $3m
0.30%^*^†	$1m^*	-	Premium Business Money Market
OTHER TIERS: 0.05% → Up to $20k \| 0.06% → $20k - $500k \| 0.08% → $500k - $1m
0.18%^*^†	$100k^*	-	Preferred Business Money Market
OTHER TIERS: 0.01% → Up to $20k \| 0.06% → $20k - $100k
0.10%^*^†	$5k^*	-	Retirement Money Market Savings
OTHER TIERS: 0.05% → Up to $5k
0.07%^*^†	$50k^*	-	Package Money Money Market Saving
OTHER TIERS: 0.04% → Up to $10k \| 0.05% → $10k - $50k

US Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%^†	-	-	Non-Profit Checking
0.01%^†	-	-	Premium Business Checking with Interest
0.01%^†	$20k	-	Gold Business Checking Package with Interest

US Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%^†	$1k	$250k	59 Month CD Special
2.00%^†	$1k	$250k	Business 59 Month CD Special
1.85%^†	$1k	$250k	37 Month CD Special
1.85%^†	$1k	$250k	Business 37 Month CD Special
1.75%^†	$1k	$250k	9 Month CD Special
1.75%^†	$1k	$250k	Business 9 Month CD Special
1.75%^†	$1k	$250k	Business 17 Month CD Special
1.75%^†	$1k	$250k	17 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
0.35%^†	$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

Locations

Availability

Minneapolis Area

Minneapolis Area bank & credit union details

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