U.S. Bank’s Premium Checking bears interest for all daily balances. The $10.95 monthly service fee is lower than most of the large national banks’. However, the thresholds to avoid the fee altogether are higher— you need an average account balance of at least $5,000 or be 65 or older.
Other options include the Safe Debit Account for those who don’t need checks and want to pay the lower $4.95 monthly fee or Easy Checking, which comes with the standard checkbook and an avoidable $6.95 monthly fee.
Customers can earn interest on all daily balances.
The monthly fee is avoidable for older adults as well as for those with higher balances.
The monthly fee is lower than what other financial institutions charge.