US Bank Money Market Account Review

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

Are money market accounts from US Bank federally insured?

Yes, your US Bank money market 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 money market 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 are the US Bank Money Market Account rates?

US Bank Money Market Account offers an APY starting at 0.05% and ranging up to 1.75% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $300.

What are the US Bank Money Market Account fees?

What is the minimum balance for US Bank Money Market Account?

No minimum initial deposit. US Bank does not require a minimum initial deposit to open an account.

Interest rate minimum balance of $300. You must keep the account balance above $300 to earn interest.

What features and perks does US Bank Money Market Account offer?

This account does not seem to offer any of the features and perks we track.

How to open an account with US Bank

• Visit the US 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.