U.S. Bank savings account rates
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The Standard Savings Account offered by U.S. Bank earns the same annual percentage yield (APY) regardless of account balance, and it’s very low. Savers looking for more competitive rates should look elsewhere.
U.S. Bank earned 3.4 stars out of 5 in Bankrate’s overall rating. For savings accounts, it scored 2.4 out of 5 stars.
U.S. Bank savings rates
U.S. Bank’s Standard Savings account has but one tier, meaning the same APY is paid regardless of balance. There is a $4 monthly maintenance fee, which can be waived by keeping a $300 daily balance or $1,000 monthly balance. The fee is also waived for account holders age 18 and younger.
Here’s a breakdown of U.S. Bank’s savings account.
| Account Name | Interest rate | APY | Minimum deposit |
| Standard Savings Account | 0.01% | 0.01% | $25 |
Note: The annual percentage yield (APY) shown is current as of Feb. 21, 2022, and may vary by region.
How U.S. Bank savings rates compare with top-yielding banks
The yield for U.S. Bank’s Standard Savings Account is very low. It earns minimal interest, which is the case for standard savings accounts at many other big brick-and-mortar banks. Savers can get a much higher payout by opening an account with an online bank, such as Ally Bank, CIT Bank or Marcus by Goldman Sachs.
Other savings options at U.S. Bank
If you want an alternative to a savings account but still want to bank with U.S. Bank, the institution also offers certificates of deposit. Its CD rates are also quite low, but some of U.S. Bank’s promotional term CDs have more attractive rates, making them worth considering.
The bank also offers money market accounts, but again, the yields are low, and you can find better APYs elsewhere.
