US Bank

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REVIEWS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.50%	5-year CD	59 Month CD Special 2.35% - Synchrony Bank 60 Month CD
1.25%	3-year CD	37 Month CD Special 1.85% - Synchrony Bank 36 Month CD
1.15%	18-month CD	19 Month CD Special 1.45% - Synchrony Bank 18 Month CD

View all US Bank rates »

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.

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 (85)

Featured Account Options

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

2

Good service.

Posted by: lyndabarrera | Jun 18, 2017

I love this bank. I do pretty much everything online and so online banking is also a must for me. My favorite feature is the online bill pay. I set up all my bills with them and they automatically are set up to be taken out the day that I get pay. The convenience is huge for me since I am so busy. This is also fee free which makes it that much better. The proccess was super easy.

Comment

1

US Bank checking account

Posted by: irmashepard | May 15, 2017

I have a checking account with US Bank that I've had now for about 6 years. I've never had any issue with them and the services I get are decent. I pay about 15 dollars a month and have a bill pay service through them which is covered by that monthly fee. I also have auto-payments set up for my other accounts with them and direct deposit of my paycheck into my checking account. I use that account and the debit card they give me to make other purchases and payments online. I once had an issue where my card number was stolen and used, but they were very quick to identify the fraud and contacted me before I even knew it had occurred. They had prevented the funds from being withdrawn and waited for confirmation from me that I had made the purchases, which I had not. They were quick to replace my card and their vigilance saved me time and money. I was very happy with that interaction.

Comment

1

Mixed feelings about this bank

Posted by: ali82 | Dec 7, 2016

I went to US Bank to open a basic checking account with them. I waited for 10-15 minutes before a banker acknowledged me. Eventually he began to help me with the process of opening a new account. While he reviewed my identification card and other paperwork I needed to give him, I was told it was not wise to bank with them as he believed I didn't have "enough" money to cover the monthly maintenance fees. I was surprised, because I never heard of a bank rejecting a new customer for that reason. It wasn't his business to tell me that and the only job he had to do was open the account, and let me worry if I didn't have money to keep my account open and in the positive. I was appalled and left the place angry. I eventually did sign up online with no issues and the person who helped me was very efficient and did their duties as an employee. I will avoid going to that local branch as much as I can, because I do not support unsatisfactory experiences/duties.

Comment

2

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Health

A

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	6548
Year Established	1863
Employees	70534
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.23%
Return on Equity - YTD	11.92%
Annual Interest Income	$3.34B

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$443B$423.2B
Loans	Q1 2017vs Q1 2016	$271.8B$263.7B
Deposits	Q1 2017vs Q1 2016	$346.5B$315.2B
Equity Capital	Q1 2017vs Q1 2016	$46.09B$43.80B
Loan Loss Allowance	Q1 2017vs Q1 2016	$3.82B$3.85B
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$1.97B$2.19B
Real Estate Owned	Q1 2017vs Q1 2016	$155.1MM$241.7MM

Rates

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Money Market
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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
0.12%^*^†	$50k^*	-	Business Savings Sweep
OTHER TIERS: 0.08% → Up to $10k \| 0.10% → $10k - $50k
0.01%^†	-	-	Standard Savings
0.01%^†	-	-	Goal Savings
0.01%^†	-	-	Star Savers Club
0.01%^†	-	-	Basic Business Savings

US Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.60%^*^†	$5k^*	-	Retirement Money Market Savings - Bonus Rate
OTHER TIERS: 0.55% → Up to $5k
0.18%^*^†	$100k^*	$1m	Platinum Business Money Market - Bonus Rate
OTHER TIERS: 0.10% → Up to $5k \| 0.13% → $5k - $100k
0.13%^*^†	$100k^*	$1m	Platinum Business Money Market
OTHER TIERS: 0.05% → Any amount \| 0.08% → $5k - $100k
0.10%^*^†	$50k^*	-	Platinum Select Money Market Savings
OTHER TIERS: 0.05% → Up to $10k \| 0.06% → $10k - $50k
0.10%^*^†	$5k^*	-	Retirement Money Market Savings
OTHER TIERS: 0.05% → Up to $5k
0.10%^*^†	$500k^*	$1m	Premium Business Money Market
OTHER TIERS: 0.05% → Any amount \| 0.08% → $20k - $500k
0.10%^*^†	$100k^*	$1m	Preferred Business Money Market
OTHER TIERS: 0.01% → Up to $20k \| 0.05% → $1mm+ \| 0.08% → $20k - $100k
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
0.05%^*^†	$10k^*	-	Standard Money Market
OTHER TIERS: 0.04% → Up to $10k

US Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%^†	-	-	Non-Profit Checking
0.02%^*^†	$50k^*	-	Premium Checking
OTHER TIERS: 0.01% → Up to $50k
0.02%^*^†	$10k^*	-	Platinum Checking
OTHER TIERS: 0.01% → Up to $10k
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
1.50%^†	$500	$250k	59 Month CD Special
1.50%^†	$500	$250k	Business 59 Month CD Special
1.25%^†	$500	$250k	37 Month CD Special
1.25%^†	$500	$250k	Business 37 Month CD Special
1.15%^†	$500	$250k	19 Month CD Special
1.15%^†	$500	$250k	Business 19 Month CD Special
1.01%^†	$500	$250k	Business 11 Month CD Special
1.01%^†	$500	$250k	11 Month CD Special
0.80%^†	$500	$250k	60 Month Trade-Up CD
0.80%^†	$500	$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%^†	$500	$250k	30 Month Trade-Up CD
0.40%^†	$500	$250k	28 Month Step Up CD
0.40%^†	$500	$250k	Business 28 Month Step Up CD
0.40%^†	$500	$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

US Bank has 3,205 locations. Click to view all US Bank locations.