U.S. Bank CD rates


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U.S. Bank offers a variety of terms for its certificates of deposit; however, the bank’s rates are lackluster by and large.

The bank offers standard CDs with terms ranging from one month to 60 months. It also offers several special CDs. While its promotional CDs have more compelling rates, you can still find higher rates elsewhere. Even some online savings accounts will pay you more interest.

U.S. Bank earned a 2.7 out of 5 in Bankrate’s overall rating.

U.S. Bank CD rates

Here’s more information about U.S. Bank’s standard CD rates.

Account name Term APY Minimum deposit
CD 1 month 0.05% $500
CD 2 months 0.05% $500
CD 3 months 0.05% $500
CD 6 months 0.05% $500
CD 9 months 0.05% $500
CD 12 months 0.10% $500
CD 18 months 0.10% $500
CD 24 months 0.10% $500
CD 36 months 0.20% $500
CD 48 months 0.25% $500
CD 60 months 0.35% $500

Here’s more information about U.S. Bank’s special CD rates.

Account name Term APY Minimum deposit
Special CD 11 months 0.15% $1,000
Special CD 19 months 0.20% $1,000
Special CD 27 months 0.25% $1,000
Special CD 59 months 0.50% $1,000

Note: The APYs (Annual Percentage Yield) shown are as of Sept. 10, 2020. The APYs for some products may vary by region.

How U.S. Bank CD rates compare to top-yielding banks

Compared to other banks, U.S. Bank’s CD rates leave a lot to be desired. You can currently find competitors paying around 1.05 percent APY on 12-month CDs.

The only relatively competitive CDs that U.S. Bank offers are its promotional CDs. If you want a CD with a promotional term, U.S. Bank’s options might be worth considering. But you can still find CDs offered by other banks, like Live Oak Bank or Marcus by Goldman Sachs, offering juicer rates. These banks offer higher APYs, helping you reach your financial goals sooner.

Other savings options at U.S. Bank

On top of its standard CDs, U.S. Bank also offers Step Up or Trade Up CDs.

The Step Up CD gives you an automatic interest rate increase every seven months during the CD’s 28-month term. The Trade Up CD, meanwhile, lets you boost your rate at one time of your choosing during the CD’s life.

You could also consider the bank’s savings or money market account options.