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.
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.
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.
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!!
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.
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 |
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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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.01% | - | - | Standard Savings | |
0.01% | - | - | Basic Business Savings | |
0.01% | - | - | Business Savings Sweep |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.01% | - | - | Premium Business Checking with Interest | |
0.01% | $20k | - | Gold Business Checking Package with Interest | |
0.01% | - | - | Non-Profit Checking |