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  US Bank Elite Money Market Account
US Bank Elite Money Market Account
in Money Market Accounts from U.S. Bank · Member FDIC
Claimed

US Bank Elite Money Market Account

Claimed
in Money Market Accounts from U.S. Bank · Member FDIC
Net Recommendation Score -100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Rating not yet determined  

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Highlights
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APY (Annual Percentage Yield) 0.01%
(Verified 11/11/2022)
Minimum Balance to Earn APY $10,000
Minimum Opening Deposit Starting at $100

US Bank Elite Money Market Account Review

US Bank Elite Money Market Account is offered by U.S. Bank, a bank founded in 1863 and based in Minneapolis, MN. US Bank Elite Money Market Account are available in 50 states (and Washington, DC).

Key Takeaways

  • Low annual percentage yield (APY). The maximum annual percentage yield for this account is only 0.01.
  • Charges a monthly fee. This account charges a monthly service fee of up to $10, but the fee is 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 US Bank Elite Money Market Account

Pros Cons
  • Overdraft protection options.
  • 1.50% Annual Percentage Yield (APY) for 9 months on balances between $100,000 and $499,999.
  • Available in all 50 states.
  • Does not offer mobile check deposits.
  • No signup bonus.
  • Does not provide a debit card.
  • Monthly service charge.

US Bank Elite Money Market Account FAQ

Are money market accounts from U.S. Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #6548). 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.

What are the interest rates for US Bank money market rates?

US Bank Elite Money Market Account Rates and Terms
Rates Amount
APY 0.01%

US Bank money market offers an APY of up to 0.01% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a balance of $10000.

What are the fees for US Bank Elite 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.
US Bank Elite Money Market Account Fees
Fees Amount
Monthly Fee up to $10
Paper Statement Fee N/A

What is the minimum balance for US Bank money market?

Minimum deposit of $100. You must make an initial deposit of at least $100 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $10,000.

Interest rate minimum balance of $10,000. You must keep the account balance above $10,000 to earn interest.

What features and perks does US Bank money market offer?

This account includes the following features:

  • Check Writing - US 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 - US Bank money market allows you to manage your money through online banking and a dedicated mobile app.

What is the customer service phone number?

The customer service number for this business card is (800) 872-2657.

What is the support contact email?

The support contact email for this business credit card is customer.support@usbank.com.

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.
US Bank Elite Money Market Account Disclosure: Must have a Platinum Checking Package to apply
SuperMoney Disclosure: SuperMoney.com 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.

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 U.S. 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 Balance to Avoid Monthly Fee Starting at $10,000
Minimum Balance to Earn APY $10,000
Minimum Opening Deposit Starting at $100
Monthly Fee $0 - $10
(Verified 11/11/2022)
Account Features
  • No ATM Fees
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Member FDIC
  • Check Writing
APY (Annual Percentage Yield) 0.01%
(Verified 11/11/2022)
Dividend Rate 0.01%

US Bank Elite Money Market Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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