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

US Bank Checking Account Bonus Pays Up To $400 - 5/5/2022

US Bank is currently offering a new checking account bonus of $200 or $400, based on direct deposit amount. Available online and in-branch in 27 states.

View all posts from:

6/30/16 - It's Time For US Bank's $150 "Summer Bank Bonus 2016"
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

Reviews (138)

US Bank Is Just Okay

Posted by: |

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

Posted by: |

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.

Amazing Experience!!

Posted by: |

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!!

Best Bank in the Twin Cities

Posted by: |

I started banking with USBank two years ago after moving to the Twin Cities. I have been extremely impressed with their services and offerings. The first thing that impressed me is their START savings program. I have currently saved $450 in my account, and once I reach $1000, they give you a $50 gift card, then another $50 gift card if you can keep the money there for a year. A 10% interest rate, basically, for one year.

They also offer a good overdraft fee schedule. If you are overdrawn by only a couple of dollars, they do not charge a fee (as I have found out). They reversed the first overdrawn charge I had automatically without me requesting it.

I have been impressed with the customer service at their branches. They sat down with me to figure out the right bank accounts for my needs and have been friendly and helpful with short waits whenever I have visited the bank.



Health Grade Components

FDIC Certificate #6548
Year Established1863
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.1%
Return on Equity - YTD13.54%
Annual Interest Income$7.20B
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$582.3B$547.9B
LoansQ2 2022vs Q2 2021$330.5B$296.7B
DepositsQ2 2022vs Q2 2021$477.4B$442.9B
Equity CapitalQ2 2022vs Q2 2021$43.05B$51.91B
Loan Loss AllowanceQ2 2022vs Q2 2021$5.83B$6.03B
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$1.09B$1.31B
Real Estate OwnedQ2 2022vs Q2 2021$22.7MM$17.0MM
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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

0.01%--Standard Savings
0.01%--Basic Business Savings
0.01%--Business Savings Sweep

US Bank Money Market Rates

2.06%*$250k*$1mPlatinum Business Money Market - Bonus Rate
OTHER TIERS: 1.76% $25k - $50k | 1.88% $50k - $250k
1.15%*$1m*-Platinum Business Money Market
OTHER TIERS: 0.01% Up to $50k | 0.25% $50k - $250k | 0.60% $250k - $1m
1.07%$25k$500kElite Money Market - Bonus Rate
0.75%*$500k*-Elite Money Market
OTHER TIERS: 0.01% Up to $25k | 0.25% $25k - $500k
0.01%--Retirement Money Market Savings
0.01%--Premium Business Money Market
0.01%$20k-Preferred Business Money Market

US Bank Checking Account Rates

0.01%--Premium Business Checking with Interest
0.01%$20k-Gold Business Checking Package with Interest
0.01%--Non-Profit Checking

US Bank CD Rates

4.10%$1k-25 Month CD Special
4.10%$1k-Business 25 Month CD Special
4.00%$1k$250kBusiness 17 Month CD Special
4.00%$1k$250k17 Month CD Special
3.90%$1k$250k9 Month CD Special
3.90%$1k$250kBusiness 9 Month CD Special
0.40%$1k$250k60 Month Trade-Up CD
0.40%$1k$250kBusiness 60 Month Trade-Up CD
0.35%$1k$250k28 Month Step Up CD
0.35%$1k$250kBusiness 28 Month Step Up CD
0.25%$500$250k60 Month CD
0.25%$500$250kBusiness 60 Month CD
0.15%$500$250k48 Month CD
0.15%$500$250kBusiness 48 Month CD
0.10%$500$250k36 Month CD
0.10%$1k$250k30 Month Trade-Up CD
0.10%$1k$250kBusiness 30 Month Trade-Up CD
0.10%$500$250kBusiness 36 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$250k12 Month CD
0.05%$500$250k18 Month CD
0.05%$500$250k24 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
0.05%$500$250kBusiness 12 Month CD
0.05%$500$250kBusiness 18 Month CD
0.05%$500$250kBusiness 24 Month CD


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