Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
Up to 4.10%(Verified 11/11/2024)
Minimum Opening Deposit
Starting at $25
Minimum Balance to Earn APY
$25,000
US Bank Smartly® Savings Account Review
US Bank Smartly® Savings Account is offered by U.S. Bank, a bank founded in 1863 and based in Minneapolis, MN. US Bank Smartly® Savings Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 4.10%, which is much higher than the average interest rate for a savings account. However, you must meet minimum balance requirements for higher APYs.
- $0 monthly account fees available. This account charges a monthly fee of up to $5.
- No ATM fees. US Bank Smartly® Savings Account does not charge fees on ATM transactions .
US Bank Smartly® Savings Account Pros & Cons
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US Bank Smartly® 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). 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?
US Bank Smartly® Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for US Bank Smartly® Savings Account?
The minimum deposit to open a US Bank Smartly® Savings Account is $25.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $25,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does US Bank Smartly® Savings Account offer?
US Bank Smartly® Savings Account offers an APY up to 4.10% (APY stands for annual percentage yield, rates may change). This is higher than the national average rate for savings accounts.
What fees does US Bank Smartly® Savings Account charge?
US Bank Smartly® Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
What features and perks does US Bank Smartly® Savings Account offer?
This savings account includes the following features:
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - US Bank Smartly® Savings Account allows you to manage your money online or with a mobile app.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to US Bank Smartly® 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 US Bank Smartly® Savings Account?
The customer support email for US Bank Smartly® Savings Account is customer.support@usbank.com.
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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