|Minimum Opening Deposit||Starting at $1,000|
|APY (Annual Percentage Yield)||0.40%|
US Bank CD Special Review
US Bank CD Special is offered by US Bank, a bank founded in 1863 and based in Minneapolis, MN. US Bank CD Special is available in 50 states (and Washington, DC).
- Only one CD account type available. US Bank CD Special only offers traditional CD accounts.
- Very high APY. This account offers an annual percentage yield of up to 0.40%, which is much higher than the national average for a CD account.
- $1,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
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 Special 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.
What CD rates does US Bank offer on its CDs?
The CD rates for this account have an APY of0.40% (APY stands for annual percentage yield, rates may change).
What is the minimum deposit to open a CD account with US Bank?
US Bank CD Special requires a minimum deposit of $1,000 to open an account.
What is the grace period for US Bank CD Special?
There is a 10-day grace period for US Bank CD Special. 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 10-day 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 Special 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.
Other Services by US Bank
- Washington, DC
- North Carolina
- North Dakota
- New Hampshire
- New Jersey
- New Mexico
- New York
- Rhode Island
- South Carolina
- South Dakota
- West Virginia