US Bank Standard Savings Account Review
US Bank Standard Savings Account is offered by US Bank,
founded in 1863 and based in Minneapolis, MN.
US Bank Standard Savings Account is available in
50 states (and Washington, DC).
US Bank Standard Savings Account FAQ
Are savings accounts from US Bank federally insured?
No, your US Bank savings 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.
Does US Bank offer a signup bonus?
US Bank Standard Savings Account doesn't offer a signup bonus.
What is the minimum balance for US Bank Standard Savings Account?
The minimum balance to open a US Bank Standard Savings Account is $25.
US Bank Standard Savings Account Account Minimums
|APY Minimum Balance
|Minimum Balance to Avoid Monthly Fee
|Minimum Combined Balance to Avoid Monthly Fee
|Minimum Opening Deposit
||Starting at $25
What APY does US Bank offer?
US Bank Standard Savings Account offers an APY of 0.01% (APY stands for annual percentage yield, rates may change).
What features and perks does US Bank Standard Savings Account offer?
This account includes the following features.
US Bank Standard Savings Account Features
|Bank Account Features
- Automatic Savings
- Bauer Financial A+/A Rating
- Branch Access
- Check Images with Statement
- Fraud Monitoring
- Free Bill Pay
- Interest Bearing Account
- Mobile Banking
- Mobile Check Deposit
- Nationwide ATM Network
- No ATM Fees
- No Monthly Maintenance Fee
What fees does US Bank Standard Savings Account charge?
US Bank Standard Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.
However, you can waive the monthly fee 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.
- Outoing 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.
- US Bank Standard Savings Account charges $2 every time you request a paper statement.
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