US Bank Step Up CD
US Bank Step Up CD Unaffiliated

US Bank Step Up CD

Not enough votes for recommendation

Not enough votes for recommendation

Explore a similar product
Try this top product in CD Accounts.
CIT Bank No-Penalty CD
CIT Bank No-Penalty CD 27 reviews
Minimum Opening Deposit Starting at $1,000
Certificate Term 28 months
APY (Annual Percentage Yield) 0.05% - 0.65%

US Bank Step Up CD Review

US Bank Step Up CD is offered by US Bank, founded in 1863 and based in Minneapolis, MN. US Bank Step Up CD is available in 51 states across the USA.

Key Takeaways
  • Only one CD account type available. US Bank Step Up CD only offers CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 0.65%, 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.
  • Limited selection of CD terms. US Bank Step Up CD only offers one CD terms. This limits your options when trying to set up a CD ladder.
Pros & Cons of US Bank Step Up CD
Pros Cons
  • Available in all 50 states.
  • High-interest yield.
  • Not FDIC-insured.
  • Poor selection of CD terms.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
US Bank Step Up CD FAQ

Are cd accounts from US Bank federally insured?

No, your US Bank cd accounts are not insured by a federal insurance agency. This means that if US Bank were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

What types of CDs does US Bank offer?

US Bank Step Up 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.

What CD rates does US Bank offer on its CDs?

US Bank Step Up CD offers an APY starting at 0.05% and ranging up to 0.65%. 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 Step Up CD offer?

US Bank offers CD terms of the following lengths:
US Bank Step Up CD Rates & Terms
APY (Annual Percentage Yield) 0.05% - 0.65%

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

US Bank Step Up CD requires a minimum deposit of $1,000 to open an account.

What is the grace period for US Bank Step Up CD?

There is a 10-day grace period for US Bank Step Up CD. 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 Step Up 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.

SuperMoney Disclosure: 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

Step up your savings with an interest rate increase every seven months. Every seven months the interest rate increases during this CD’s 28-month term. Rates are locked in upon opening the CD. That way you know, up front, what your rate increases will be. All U.S. Bank CDs are FDIC-insured.


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

Icon for CD Accounts
View all cd accounts offered by US Bank


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

Feature Breakdown

Minimum Opening Deposit Starting at $1,000
APY (Annual Percentage Yield) 0.05% - 0.65%
CD Accounts Bump Up
Grace Period for Account Changes 10 days
Certificate Term 28 months

Be the first to rate


Would you recommend US Bank Step Up CD to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

US Bank CD Accounts