US Bank
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
7/8 - US Bank Offers $200 Summer Checking Bonus
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
2/16/09 - 4.00% 59-Month CD at US Bank
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
9/7/07 - $75 Checking Account Bonus at US Bank in Washington State
Amazing Experience!!
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 - Helps me save money on my phone!
I started using US Bank about 6 years ago and I would never go back. US bank makes it easy for me to check what is going on with my account through my phone. There is an app they have that you can download to you phone that allows you to seeing all your banking needs in real time. At first I was a little hesitant, but their security system is very efficient. If you have an iphone 7 you can us you fingerprint to login to your account. I prefer to have a password as well so to get into my account I must use my finger print password, put in my password, and confirm the password screen has the picture and noises I choose every time I login. This I believe is a great example of technological security. The app also allows you to transfer from checkings to savings (etc), make a check deposit (they do charge .50, but it still beats gas prices), and see a detailed report of your spending. Using it on my phone has been a great asset and I can honestly say is one of the reasons I am debt free today.
Great Checking, Poor Savings
Online Banking features are one of the best. Interest rates for savings; not so much. Obviously, my money is in the wrong place, so I will be closing and transferring to one that pays me more interest.
Mixed feelings about this bank
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.
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 6548 |
| Year Established | 1863 |
| Employees | 70522 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.26% |
| Return on Equity - YTD | 12.3% |
| Annual Interest Income | $6.81B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $456.9B$433.5B |
| Loans | Q2 2017vs Q2 2016 | $276.4B$268.1B |
| Deposits | Q2 2017vs Q2 2016 | $357.8B$327.8B |
| Equity Capital | Q2 2017vs Q2 2016 | $45.93B$44.33B |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $3.86B$3.81B |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $1.74B$2.08B |
| Real Estate Owned | Q2 2017vs Q2 2016 | $157.0MM$228.8MM |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
U.S. Bank Chicagoland CD Specials - 2.05% 59-Month
2.05% apy 59-month CD
1.01% apy 11-month CD
$1,000 minimum
$249,999 maximum
Offer only valid at Chicago metro area U.S. Bank locations
Rates for US Bank are currently being reviewed.
