US Bank

Overview / Commentary
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.

Related Posts

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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 (106)

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!!

US Bank

US Bank has a very good mobile app. I also enjoyed using their website from time to time. Their in branch experience is not as great. I always felt like the tellers were turning their nose up at me which I did not appreciate. A lot of the time no one even looked up to acknowledge that I had entered the building. I liked everything else except being treated less than human.

Be Careful - Fee Hungry And Greedy Bank

Posted by: Bronxboi | May 31, 2019

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.

Worst Bank Experience Ever

Posted by: sparky22 | May 21, 2019

Probably the worst experience I have ever had with a bank. My partners and I decided to use them for our small business account. It seemed to start out ok until we found out they had not set up our account correctly. We were having issues every time we issued a check the return address either would show a personal address with the company name or a personal name with the company address. I called multiple times and they kept telling me to not log into a personal account. But we were logging into the business account and sending the check directly from there. Finally, after multiple calls one person was smart enough to look further into it and realize it was an error on their part and it was corrected.
Next, we wanted to wire transfer money to our attorney in Mexico. We told them how many pesos we need to send them. Instead of converting the pesos to US dollars and taking that out of our account they sent the pesos equivalent but as US currency numbers. So basically, sent way more than needed. We noticed the error and told them. They acted as if they didn’t know what to do and couldn’t get the funds back. We warned them after months that the attorney at some point will have to claim it and be taxed on it. They continued to act as if they couldn’t do anything and told us to start trying figure their mistake on our end.
Eventually they were unable to obtain the funds after waiting too long. The local manager threatened us by telling us if we didn’t return the money someone would get fired at US Bank for their screw up. We are a startup company and aren’t even paying ourselves so not sure what we could do about it.
The manager doesn’t answer her phone or return her voicemails and is never in the office so not sure what she does. They just recently took the money back out of our account. We are talking about $5k which is peanuts to them, and it was their screw up.
I know all banks have their good and bad, but I was blown away on how bad they are. Needless to say, we are moving on from them so just error on caution when looking to do business with them.



Health Grade Components

FDIC Certificate #6548
Year Established1863
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.47%
Return on Equity - YTD14.16%
Annual Interest Income$4.32B
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$467.3B$452.3B
LoansQ1 2019vs Q1 2018$286.4B$278.3B
DepositsQ1 2019vs Q1 2018$359.2B$355.1B
Equity CapitalQ1 2019vs Q1 2018$48.28B$46.36B
Loan Loss AllowanceQ1 2019vs Q1 2018$3.99B$3.92B
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$1.38B$1.68B
Real Estate OwnedQ1 2019vs Q1 2018$91.2MM$123.8MM
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* 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

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

1.75%$10k-Platinum Select Money Market Savings - Bonus Rate
1.50%$10k-Elite Money Market - Bonus Rate
1.30%*$1m*$3mPlatinum Business Money Market - Bonus Rate
OTHER TIERS: 1.10% $50k - $100k | 1.12% $100k - $250k | 1.15% $250k - $500k | 1.25% $500k - $1000k
0.60%*$5k*-Retirement Money Market Savings - Bonus Rate
OTHER TIERS: 0.55% Up to $5k
0.60%*$1m*-Platinum Business Money Market
OTHER TIERS: 0.06% Up to $50k | 0.20% $50k - $100k | 0.25% $100k - $250k | 0.30% $250k - $500k | 0.50% $500k - $1m
0.50%*$500k*-Platinum Select Money Market Savings
OTHER TIERS: 0.05% Up to $10k | 0.30% $10k - $50k | 0.40% $50k - $500k
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
0.06%*$50k*-Elite Money Market
OTHER TIERS: 0.04% Up to $10k | 0.05% $10k - $50k

US Bank Checking Account Rates

0.05%*$20k*-Premium Business Checking with Interest
OTHER TIERS: 0.01% Up to $20k
0.05%--Non-Profit Checking
0.01%--Platinum Checking
0.01%$20k-Gold Business Checking Package with Interest

US Bank CD Rates

2.30%$1k$250k59 Month CD Special
2.30%$1k$250kBusiness 59 Month CD Special
2.05%$1k$250k37 Month CD Special
2.05%$1k$250kBusiness 37 Month CD Special
2.00%$1k$250k9 Month CD Special
2.00%$1k$250kBusiness 9 Month CD Special
2.00%$1k$250kBusiness 17 Month CD Special
2.00%$1k$250k17 Month CD Special
0.80%$1k$250k60 Month Trade-Up CD
0.80%$1k$250kBusiness 60 Month Trade-Up CD
0.75%$500$250k60 Month CD
0.75%$500$250kBusiness 60 Month CD
0.50%$500$250k48 Month CD
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


Cincinnati Area

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