Last Updated: 03/12/2026
U.S. Bank Platinum Money Market Account
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in Money Market Accounts from U.S. Bank
Last Updated: 03/12/2026
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Highlights
APY (Annual Percentage Yield)
Minimum Balance to Earn APY
Minimum Opening Deposit
U.S. Bank Platinum Money Market Account Review
Key Takeaways
- Receive a bonus interest rate up to 3.50% when you open a new Platinum Business Money Market Account and deposit qualifying balances, subject to certain terms and limitations. Member FDIC.
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 3.72%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $10000.
- Charges a monthly fee. This account charges a monthly fee of up to $10, but the fee may be waived if you keep a minimum balance of$10,000.
- Small minimum initial deposit. You only need $100 to open an account.
Pros & Cons of U.S. Bank Platinum Money Market Account
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U.S. Bank Platinum Money Market Account FAQ
Are money market accounts from U.S. Bank federally insured?
What are the interest rates for U.S. Bank money market rates?
What are the fees for U.S. Bank Platinum Money Market Account?
This account charges a monthly maintenance fee of up to $10. You can avoid this fee by maintaining a balance of $10,000.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 - $10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for U.S. Bank money market?
What features and perks does U.S. Bank money market offer?
- Check Writing - U.S. Bank money market includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
- Fraud monitoring - U.S. Bank monitors transactions for potentially fraudulent activity.
- Mobile Banking Services - U.S. Bank money market allows you to manage your money through online banking and a dedicated mobile app.
What is the customer service phone number?
What is the support contact email?
How to open an account with U.S. Bank
- Visit the U.S. Bank website.
- Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
- Check the information is accurate and submit your application.
U.S. Bank Platinum Money Market Account Disclosure: Standard variable interest rates are determined at the bank’s discretion and are subject to change at any time without notice. Speak to a banker for current deposit rates, disclosures on rates, compounding and crediting and other balance information. The minimum deposit required to open a Platinum Business Money Market account is $100. The $15 maintenance fee per statement cycle waived with a $10,000 minimum daily balance. How to obtain the rate for new account: This special interest rate is only valid on new Platinum Money Market accounts for clients who do not have an existing business money market account or savings account, or for clients with an existing business money market account or savings account that has been open for less than 30 days. How to obtain the rate for new additional account: A separate special interest rate applies to existing business banking clients who either currently have a business savings or money market account that has been open for 30 days or more, or who had such an account closed within the past 30 days. Log in to U.S. Bank Online Banking or speak with your banker to see the applicable rate. For new and new additional accounts: Start getting the special interest rate by depositing at least $50,000 within 30 days of account opening. If you do not deposit $50,000 within 30 days, the standard interest rate will be applied, and your account will not be eligible for the special interest rate. To qualify for the special interest rate, deposits should represent funds that are not currently held at U.S. Bank and have not been recently withdrawn (within the past 30 days). How to maintain the rate for new and new additional accounts: Maintain a minimum daily balance of at least $50,000 to continue earning the special interest rate. If the account balance falls below $50,000 or goes above $2,999,999.99, the standard interest rate will be applied until the account balance is at or above $50,000 or below $2,999,999.99 again. The special interest rate does not apply for Platinum Business Money Market accounts with balances outside of the balance tiers stated above. The full account balance will earn the standard variable interest rate in effect at that time until the account balance falls within the special rate balance tier. The balance tiers and standard interest rates are accurate as of today's date: Under $25,000: 0.05%; $25,000 to $49,999.99: 0.05%; $50,000 to $99,999.99: 0.50%; $100,000 to $249,999.99: 0.50%; $250,000 to $499,999.99: 0.50%; $500,000 to $999,999.99: 0.50%; $1,000,000 to $2,999,999.99: 0.75%; $3,000,000 and above: 1.14%. Interest and Fee Information: You must maintain the minimum daily balance needed for each tier to earn the Annual Percentage Yield (APY) disclosed. All rates and APYs are subject to change at the bank's discretion and may change at any time without notice. Interest will be compounded daily and credited to your account monthly. Fees will reduce your eligible balance, and deposits are needed to cover these fees to maintain the daily balance for this offer. We use the daily balance method to calculate interest on all deposit accounts. This method applies a daily periodic rate to the principal in the account each day. Interest on the deposit begins to accrue on the business day we receive credit (and after any hold period). If you close your account before interest is credited, you will not receive the accrued interest. Fees could reduce earnings on the account. Other restrictions may apply. Refer to the Business Pricing Information disclosure or Your Deposit Account Agreement (YDAA) disclosure for a summary of fees, terms and conditions that apply. These documents can be obtained by contacting a U.S. Bank branch or calling 855-955-2760. APY (Annual Percentage Yield) refers to how much money you earn on a deposit over a year, considering compounding interest. Deposit products are offered by U.S. Bank National Association. Member FDIC.
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