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  US Bank Trade Up CD

US Bank Trade Up CD

in CD Accounts from US Bank · sipc

Unaffiliated

US Bank Trade Up CD

Unaffiliated

in CD Accounts from US Bank · Member SIPC

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Highlights
Minimum Opening Deposit Starting at $1,000
Certificate Term
  • 5 years
  • 30 months
APY (Annual Percentage Yield) 0.10% - 0.40%

US Bank Trade Up CD Review

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

Key Takeaways
  • Only one CD account type available. US Bank Trade Up CD only offers bump up 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.
  • Limited selection of CD terms. US Bank Trade Up CD only offers two CD terms. This limits your options when trying to set up a CD ladder.
Pros & Cons of US Bank Trade Up CD
Pros Cons
  • Available in all 50 states.
  • High-interest yield.
  • No charge on incoming domestic or international wire transfers.
  • Not FDIC-insured.
  • Poor selection of CD terms.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
US Bank Trade Up 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 Trade 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.
  • Bump-up CDs. Bump-up CDs allow you to increase the interest rate you earn on your savings if the going interest rates rise. These CDs are useful in a changing interest rate environment.

What CD rates does US Bank offer on its CDs?

US Bank Trade Up CD offers an APY starting at 0.10% and ranging up to 0.40%. 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 Trade Up CD offer?

US Bank offers CD terms of the following lengths:
US Bank Trade Up CD Rates & Terms
Description
5-Year APY 0.40%
APY (Annual Percentage Yield) 0.10% - 0.40%

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

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

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

There is a 10-day grace period for US Bank Trade 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 Trade 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.

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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 Trade Up CD

Lock in a higher rate one time during your initial term. If a higher rate comes along during the term of your CD, you can trade up for it. Choose between a 30-month and 60-month 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.
  • 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
5-Year APY 0.40%
APY (Annual Percentage Yield) 0.10% - 0.40%
CD Accounts Bump Up
Grace Period for Account Changes 10 days
Certificate Term
  • 5 years
  • 30 months

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