US Bank Elite Money Market Account

Claimed

in Money Market Accounts from U.S. Bank · Member FDIC

Net Recommendation Score -100

0 users recommend

0 users are unsure

1 user doesn't recommend

Leave a Review

Explore a similar product

Try this top product in Money Market Accounts.

Quontic Bank Money Market Account

Strongly recommended

5 reviews

Learn More

Highlights
Community Rating	Rating not yet determined
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.