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Last Updated: 04/18/2025
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US Bank Standard Savings Account
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from U.S. Bank
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.01%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $25
Minimum Balance to Earn APY
$0.01
US Bank Standard Savings Account Review
US Bank Standard Savings Account is no longer available to new customers on SuperMoney. Click here to compare and quickly find the best options for your needs. |
US Bank Standard Savings Account is offered by U.S. Bank, a bank founded in 1863 and based in Minneapolis, MN. U.S Bank savings account are available in 50 states and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.01%.
- $0 monthly account fees available. This account charges a monthly fee of up to $4, but the fee may be waived if you keep a minimum balance of$300.
- No ATM fees. US Bank Standard Savings Account does not charge fees on ATM transactions .
U.S Bank savings account Pros & Cons
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U.S Bank savings account FAQ
Are savings accounts from U.S. Bank federally insured?
Yes, your U.S. Bank savings accounts 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.
Does U.S. Bank offer a signup bonus?
U.S Bank savings account doesn't offer a signup bonus.
What is the minimum initial deposit for U.S Bank savings account?
The minimum deposit to open a U.S Bank savings account is $25.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | Starting at $300 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Combined Balance to Avoid Monthly Maintenance Fee | Starting at $1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does US Bank Standard Savings Account offer?
U.S Bank savings account offers an APY of 0.01% (APY stands for annual percentage yield, rates may change).
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does U.S Bank savings account charge?
U.S Bank savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
However, you can waive the monthly fees if you have a minimum daily balance of $300. You can also waive the fee by keeping a combined balance of $1,000.
- Outgoing domestic bank transfers come with a $30 fee.
- Outgoing international bank transfers come with a $50 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
- U.S Bank savings account charges $2 every time you request a paper statement.
What features and perks does U.S Bank savings account offer?
This savings account includes the following features:
- Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
- Fraud monitoring - U.S Bank savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - U.S Bank savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to U.S Bank savings account?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for U.S Bank savings account?
The customer support email for U.S Bank savings account is customer.support@usbank.com.
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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.
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
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APY (Annual Percentage Yield)
Up to 4.10%
Minimum Opening Deposit
Starting at $25
Minimum Balance to Earn APY
$25K
SuperMoney Net Recommendation Score
Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.
-100
-1000+100
No one recommends
Everyone recommends
US Bank Standard Savings Account Community Reviews
Would you recommend US Bank Standard Savings Account to your friends?
JW
Justine W.
Nov 6, 2023
May or may not recommend
I signed up for this account because they were having a promotion where they'd match your deposit. That should have been my first clue it wouldn't work out. Any bank that needs to incentivize accounts like that is probably not worth the time. Luckily, I caught on quick and was able to close the account before the extra charges got out of control.
Showing 1 of 1 reviews
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