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).

Are cd accounts from US Bank federally insured?

Yes, your US Bank cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government. No, your US Bank cd accounts are not federally 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?

• Bump Up
• IRA
• Jumbo
• Traditional

What APY does US Bank offer on its CDs?

US Bank Trade Up CD offers an APY starting at 0.4% and ranging up to 0.8% (APY stands for annual percentage yield, rates may change).

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

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

What types of early withdrawal penalties does US Bank Trade Up CD charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

US Bank does not charge an early withdrawal fee.