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Compare U.S. Bank products: Savings, Checking, and CDs

The nation's fifth-largest bank offers accounts for personal and business use.


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U.S. Bank
U.S. Bank has a variety of checking and savings products and offers discounts for opening more than one account. But it doesn’t have branches in every state and you could get hit with maintenance fees if you don’t know what to watch out for.

Compare U.S. Bank products

Name Product Interest rates (APY) Fee Minimum deposit to open Interest earned
U.S. Bank Standard Savings Account
$4 per month
(can be waived)
This standard personal savings account allows low balances — but don’t expect a high APY.

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Name Product Minimum deposit to open ATMs Out-of-network ATM fee
U.S. Bank Student Checking
3,013 branches and 5,323 bilingual ATMs
A checking account can be a safe, convenient place to stash the cash you need for bills and other expenses.
U.S. Bank Platinum Checking
4,600 ATMs
This top-tier account rewards long-term financial commitments but has a hefty monthly maintenance fee.
U.S. Bank Gold Checking
Over 5,300 ATM locations
Current credit card, loan or mortgage customers get access to exclusive perks but it comes with a monthly maintenance fee.

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Name Product 1-year APY 18-month APY 2-year APY 3-year APY 5-year APY
U.S. Bank CD

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All U.S. Bank accounts come with access to its online and mobile banking platform, which lets you manage your money and deposit checks for free. You can also get eStatements and overdraft protection.

How does U.S. Bank compare to other banks or services?

US Bank is located in 28 states and has 3,101 branch locations. It’s smaller than industry giants like Bank of America or Wells Fargo, but may offer more services than a local bank. It’s the fifth-largest bank in the country and has 72,402 employees and more than $450 billion in assets.

Checking accounts


  • Wide range of options. U.S. Bank offers nine business and personal checking account options, including one interest-bearing checking account.
  • Low minimum deposit requirements. You only need $25 to open most checking accounts.
  • Free overdraft protection transfers. If you have a Student, Easy, Gold or Platinum Checking account and overdraw on your account, U.S. Bank will transfer money from your linked savings account for free.


  • Most accounts have monthly fees. Unless you’re a student, all U.S. Bank checking accounts have monthly fees. But most of them can be avoided.
  • Limited accessibility. Most checking accounts have a limited amount of free ATM transactions, so you could quickly accumulate fees for withdrawing money at non-network ATMs.
  • Fees for checks and external transfers. Unless you have an eligible account, U.S. Bank charges customers for checkbook orders and external transfers, which incur a $3 fee.

Savings accounts


  • Low opening deposits. All personal accounts have a low, $25 opening deposit except for the Elite Money Market account, which as a $100 opening deposit.
  • Several account options. U.S. Bank offers eight savings accounts for personal and business use.


  • Its savings accounts aren’t competitive. If you’ve only got a moderate amount to put away, U.S. Bank‘s savings accounts won’t earn you big bucks. Rates are less competitive than Goldman Sachs’ Marcus Savings account or Ally’s equivalent, for example.
  • Monthly fees. Every U.S. Bank savings account has monthly fees, although you can waive them when you meet certain balance requirements.
  • Unclear interest rates. U.S. Bank interest rates vary by state, so you’ll need to enter your zip code on its website to view accurate rates in your area.



  • Several term lengths. Lock your money away for as short as 14 days or as long as five years.
  • Specialty CDs. Open a Step Up CD if you want your rate to go up every seven months or a Trade Up CD if you want to choose when your rate increases once during your term.
  • No monthly fees. You won’t pay any fees to open or maintain a CD with U.S. Bank. The only time you’ll pay a fee is if you need to withdraw your money early.


  • Varying opening deposits. Open a regular CD with as little as $500, but all other CD types require a minimum $1,000 deposit.
  • Average APYs. You’ll earn up to 1.2% depending on your CD term and location. While these rates are higher than other large banks, you can find higher rates elsewhere.
  • Rates vary by state. To view current rates in your area, you’ll need to visit U.S. Bank’s website and enter your zip code.

Overall banking


  • Trustworthy and established. U.S. Bank has been on the Fortune 500 list for 20 years and is currently ranked 124th.
  • Financial IQ. U.S. Bank publishes articles and provides resources on business trends and future planning to help you manage money on its Financial IQ page.


  • Small service area. If you’re in one of the 22 states without a branch location, getting face-to-face help will be difficult.
  • Poor customer reviews. U.S. Bank has a 1 out of 5-star customer rating on the Better Business Bureau (BBB). Most reviews complain about unhelpful customer service.

Compare U.S. Bank to the competition

U.S. Bank reviews and complaints

It’s been accredited by the BBB for nearly 50 years and has an A- rating. While its 159 customer reviews lend an average of only one star, most of the complaints reflect frustrations about unexpected fees or poor customer service — specifically in regard to credit cards and mortgages.

It hasn’t been rated by the FFIEC, but is financially stable and profitable institution overall. In 2019, it was recognized as one of the world’s most ethical companies for the 5th consecutive year by The Ethisphere Institute.

U.S. Bank user reviews

1.5 / 5.0 (96 reviews)
  • On Sept. 3 I had suspicious activity on my account so I cancelled my card....
    read full review
  • First they locked my account for over 2 weeks for no reason, with out any...
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  • Reliacard dispute resolution system. I have filed two disputes for the return of my funds...
    read full review
  • Online times out, will not login with biometric. Have to restart phone constantly. Then it...
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  • My name is Sabrina Mason and I recently opened account at US Bank and its...
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  • This bank is rapacious with their service charges. They don't seem to know that the...
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U.S. Bank customer service

Get support from U.S. Bank‘s customer service team in the following ways:

  • Phone:Call 800-872-2657
  • Chat bot: Get answers to your questions with robotic assistance. Log into your U.S. Bank account, click Customer Service, then Answers.
  • Email. Send a secure message directly through your account by logging in, clicking Customer Service and then Email Us.
  • Branch: Head to a branch location to get face-to-face assistance.
  • Mail: Send regular mail to corporate headquarters at:
    U.S. Bancorp Center
    800 Nicollet Mall
    Minneapolis, MN 55402

Bottom line

U.S. Bank offers a suite of personal and business accounts, but if you’re looking for face-to-face service or higher rates, compare other bank accounts to find the best fit for your needs.

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