U.S. Bank Review 2022
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U.S. Bank offers the convenience of a vast branch and ATM network — primarily in the West and Midwestern U.S. Its digital banking products are well received. If you’re looking for higher rates on savings or lower hurdles to avoid a monthly fee on your checking, look elsewhere.
- 24/7 Customer Service
- Digital Leader
- Highly Rated App
U.S. Bank is a large commercial bank that offers consumers who value the big bank experience a full range of products and services.
The bank provides generous access to branches and to ATMs.
The institution is on the cutting-edge of bank technology.
It offers a wide variety of short-term CDs and some special CD terms that have higher yields than its standard offerings.
The hurdles to avoid some monthly fees on certain products are higher.
You can earn better savings APYs elsewhere.
U.S. Bank bank products
U.S. Bank savings overview
A $25 deposit is required to open the account.
The minimum opening deposit on the Standard Savings account is only $25.
The maintenance fee on the Standard Savings account is $4, which is lower than some maintenance fees.
The Standard Savings account can be used as overdraft protection for a U.S. Bank checking account.
The Standard Savings account earns very little interest.
While U.S. Bank lets you use your voice to do your banking business, it still provides traditional ways to manage your money. It supports its own ATMs and partners with the MoneyPass ATM network, so there’s access to tens of thousands of ATMs across the country. The bank has also earned solid reviews for its mobile banking app. In the app, you can tell the bank that you’re traveling and submit dates for the trip.
About U.S. Bank
Based in Minneapolis, U.S. Bank is the fifth-largest commercial bank by assets in the U.S. It offers a full range of products, including checking, savings, certificates of deposit and mortgages. Like most major banks, its history is filled with mergers and acquisitions, most notably the 1997 acquisition of U.S. Bancorp of Oregon by Minneapolis-based First Bank System.
U.S. Bank offers the convenience of a vast branch and ATM network — primarily in the western part of the U.S. Its digital banking products are well received. If you’re looking for higher rates on savings or lower hurdles to avoid a monthly fee on your checking, look elsewhere.
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