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  US Bank CD

US Bank CD

in CD Accounts from US Bank · sipc

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US Bank CD

Unaffiliated

in CD Accounts from US Bank · Member SIPC

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Highlights
Minimum Opening Deposit Starting at $500
Certificate Term
  • 1 month
  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
APY (Annual Percentage Yield) 0.05% - 0.25%

US Bank CD Review

US Bank CD is offered by US Bank, a bank founded in 1863 and based in Minneapolis, MN. US Bank CD is available in 50 states (and Washington, DC).

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 0.25%, which is much higher than the national average for a CD account.
  • $500 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
  • Wide selection of CD terms. US Bank CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of US Bank CD
Pros Cons
  • Multiple CD terms available.
  • Available in all 50 states.
  • High-interest yield.
  • No charge on incoming domestic or international wire transfers.
  • Not FDIC-insured.
  • There isn't a no-penalty CD option.
US Bank CD FAQ

Are cd accounts from US Bank federally insured?

No, your US Bank cd accounts deposits are not FDIC insured. However, they are insured up to $500,000, which includes a $250,000 limit for cash, by the Securities Investor Protection Corporation (SIPC). SIPC is a non government, nonprofit membership corporation that protects against the loss of cash and securities – such as stocks and bonds – held by a customer at a financially-troubled SIPC-member brokerage firm.

What types of CDs does US Bank offer?

US Bank CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.
  • Jumbo CDs. A jumbo CD requires a higher minimum balance than that required by traditional CDs. In exchange, jumbo CDs pay higher interest rates.
  • IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but US Bank CD offers a CD that is specifically for retirement.

What CD rates does US Bank offer on its CDs?

US Bank CD offers an APY starting at 0.05% and ranging up to 0.25%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does US Bank CD offer?

US Bank offers CD terms of the following lengths:
US Bank CD Rates & Terms
Description
2-Year APY 0.05%
3-Month APY 0.05%
3-Year APY 0.10%
4-Year APY 0.15%
5-Year APY 0.25%
6-Month APY 0.05%
12-Month APY 0.05%
APY (Annual Percentage Yield) 0.05% - 0.25%

What is the minimum deposit to open a CD account with US Bank?

US Bank CD requires a minimum deposit of $500 to open an account.

What is the grace period for US Bank CD?

US Bank CD does not specify what their grace period is. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does US Bank CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

US Bank does not charge an early withdrawal fee.

US Bank does not seem to charge any of the fees we track.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From US Bank CD

Grow your money with a term length that works for you. When it comes to term lengths, this CD is flexible. You can go as short as one month to as long as five years. You only need a $500 opening deposit for this standard CD. Once you choose the term length and rate, that rate is guaranteed to last throughout the duration of your term. All U.S. Bank CDs are FDIC-insured.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 5:30pm
  • Tuesday 8:30am - 5:30pm
  • Wednesday 8:30am - 5:30pm
  • Thursday 8:30am - 5:30pm
  • Friday 8:30am - 5:30pm
  • Saturday Closed

Other Services by US Bank

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View all cd accounts offered by US Bank

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Opening Deposit Starting at $500
2-Year APY 0.05%
3-Month APY 0.05%
3-Year APY 0.10%
4-Year APY 0.15%
5-Year APY 0.25%
6-Month APY 0.05%
12-Month APY 0.05%
APY (Annual Percentage Yield) 0.05% - 0.25%
CD Accounts
  • IRA
  • Jumbo
  • Traditional
Certificate Term
  • 1 month
  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years

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