U.S. Bank


Overview / Commentary
800-872-2657
800 Nicollet Mall
Minneapolis, MN 55402

Written by Ali Cybulski, Published on 9/30/2024

Founded in 1863, U.S. Bank has a 26-state branch footprint today and provides a variety of banking products, such as checking and savings accounts, money market accounts, and certificates of deposit (CDs). It has more than 2,200 branches and a large ATM network.

U.S. Bank offers two choices for checking accounts: Bank Smartly Checking and Safe Debit Account.

Bank Smartly Checking is an interest-earning account with automated financial tools to help you track your spending, set up account alerts and build a better budget. This account comes with overdraft protection and offers free Smart Rewards, such as rate bonuses and overdraft fee forgiveness, based on the combined balances of qualifying accounts. The account has a $6.95 monthly service fee unless you qualify for a waiver.

The Safe Debit Account includes a debit card, natch, but no checks. Using the bank’s mobile app, you can access tools to help manage your money and build your credit, set up direct deposits, lock a lost card and pay bills for free. This account has no overdraft fees but a $4.95 monthly maintenance fee and no minimum balance penalty.

U.S. Bank also offers a savings account and a selection of CDs with various term lengths. The Bank Smartly Savings Account earns up to 4.10% annual percentage yield (APY) when paired with a Bank Smartly Checking or Safe Debit account and combined qualifying balances. The minimum opening deposit is $25, with a $5 monthly maintenance fee that can be waived in several ways.

The bank has several CD specials that require a $1,000 minimum deposit. Choose a 4.00% APY for seven months, 3.50% APY for 11 months, or 3.00% APY for 15 months. The bank has standard and trade-up CDs in many term lengths, and a step-up CD with rate increases every seven months for 28 months. A standard CD requires just a $500 deposit.

Online banking includes access to Zelle, which allows you to send and receive money digitally, as well as financial planning tools and bill pay. The bank’s mobile app allows you to deposit checks, buy items with a digital wallet, transfer money and more.

Live customer service is available 8 a.m. to 8 p.m. Central time Monday through Friday, or you can chat with an online banker, if available, through online banking or the mobile app.

U.S. Bank pros and cons

Pros:
• Large branch and ATM networks
• Broad selection of financial products
• Variety of CDs

Cons:
• Only available in about half of the states
• Uncompetitive interest rates
• Account service fees

Trading Company

the worst and dishonest trading company that I ever have had the misfortune of dealing with. They are, in my mind, criminals. I requested a withdrawal of £100,000 from my account. Within about 4 hours, the withdrawal had been put back into my account. Then my account was traded illegally with 11 trades taken and losing all the money. I complained to this company and they couldn't give a damn. I had to reach out to oliviatrader 44 @ gmail. com to assist me in getting back my money. Glad I have all my money back now.
WhatApp +1 (423) 248 - 2140

Not Really Available Nationwide

Posted by: |

Tried to open easy checking account and was declined. Called customer service, spoke to a really lovely young lady named Jessica, who advised that since I was out of their market area, I couldn't open the easy checking account unless I had other accounts with them, such as credit cards, etc.

Interest Rates

Posted by: |

did not honor interest rates do not trust will update if resolved

Horrible Service, Rates And Knowledge

Posted by: |

Horrible service and knowledge. They assign you a mortgage manager to make it sound like there is someone there to help you, yet the person is nonexistent and you can never get ahold of them. They don't train their associates, and then they tell you something incorrect, and it's on you. I've lost thousands in rates due to inaccurate information US Bank associates have advised. Do not use them for anything!

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Health
B+

Health Grade Components

Overall
FDIC Certificate #6548
Year Established1863
Employees67587
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.97%
Return on Equity - YTD10.32%
Annual Interest Income$31.17B
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$662.9B$650.7B
LoansQ4 2024vs Q4 2023$374.8B$368.7B
DepositsQ4 2024vs Q4 2023$528.5B$524.7B
Equity CapitalQ4 2024vs Q4 2023$63.54B$61.53B
Loan Loss AllowanceQ4 2024vs Q4 2023$7.58B$7.38B
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$2.54B$2.08B
Real Estate OwnedQ4 2024vs Q4 2023$21.1MM$25.8MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not U.S. 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.

U.S. Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$0-Basic Business Savings
0.01%$0-Business Savings Sweep

U.S. Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.08%$25k$3mPlatinum Business Money Market - Bonus Rate
3.25%*$50k*-Elite Money Market - Bonus Rate
OTHER TIERS: 0.01% $0 - $25k | 0.25% $25k - $50k
1.15%*$1m*-Platinum Business Money Market
OTHER TIERS: 0.05% $0 - $50k | 0.25% $50k - $250k | 0.60% $250k - $1m
1.15%*$1m*-Preferred Business Money Market
OTHER TIERS: 0.05% $1k - $50k | 0.25% $50k - $1m
0.25%*$25k*-Elite Money Market
OTHER TIERS: 0.01% $0 - $25k
0.01%$0-Premium Business Money Market

U.S. Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$0-Premium Business Checking with Interest
0.01%$0-Gold Business Checking Package with Interest
0.01%$0-Non-Profit Checking

U.S. Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.02%$250k$10mBusiness 6 Month Jumbo CD
4.00%$1k-5 Month CD Special
4.00%$1k-Business 5 Month CD Special
3.70%$1k$250k9 Month CD Special
3.70%$1k$250kBusiness 9 Month CD Special
3.20%$1k-Business 13 Month CD Special
3.20%$1k-13 Month CD Special
3.20%$250k$10mBusiness 12 Month Jumbo CD
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
Locations

Availability

Minneapolis Area

Interactive local rates map


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.