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.
I love love love this bank and all the employees.
They are committed to service and finding ways to help you. They are professional and have good expertise. Their teamwork is admirable, and the culture of the bank is supportive; they help each other solve problems for clients happily. I live close to them and go there a lot for all of my banking needs.
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.
did not honor interest rates do not trust will update if resolved
I have had accounts at many banks in the past and currently have accounts at six banks and multiple accounts with an investment company. I can honestly say that US Bank is the worst I have ever experienced. I suspected it wasn't going to be great when they flooded my mailbox with conversion information that was 99% not applicable to me or my accounts at Union Bank, and one of my accounts was converted from a free account to one that has high fees. It's just gone downhill from there. The customer service people aren't pleasant and most often can't answer my questions. Their online banking is archaic and they changed one payment from electronic to mailing a paper check on the same date that Union sent it electronically...so now my payment is late every month...and the list goes on. I had my account at Union since 1979 and hoped to keep it, but there is NO reason to do that now.
Overall | |
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FDIC Certificate # | 6548 |
Year Established | 1863 |
Employees | 70181 |
Primary Regulator | OCC |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.03% |
Return on Equity - YTD | 13.53% |
Annual Interest Income | $5.99B |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2023vs Q1 2022 | $590.5B$577.5B |
Loans | Q1 2023vs Q1 2022 | $331.6B$316.6B |
Deposits | Q1 2023vs Q1 2022 | $459.1B$473.1B |
Equity Capital | Q1 2023vs Q1 2022 | $45.84B$45.60B |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $6.16B$5.66B |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $1.09B$1.15B |
Real Estate Owned | Q1 2023vs Q1 2022 | $23.1MM$22.6MM |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.01% | - | - | Standard Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.01% | - | - | Premium Business Checking with Interest | |
0.01% | - | - | Gold Business Checking Package with Interest | |
0.01% | - | - | Non-Profit Checking |