U.S. Bank pairs a polished branch network and award-winning app with Smartly® Savings and Checking — including a public $400 bonus on new Smartly Checking accounts.
PickYourBank Rating
9.2
Overall
9.5
APY
9.6
Fees
9.0
App
9.1
Service
3.50%
Smartly APY
$400
Bonus
$0
Monthly fees*
$250K
FDIC coverage
U.S. Bancorp is the 5th-largest commercial bank in the United States with $660B+ in assets and 2,000+ branches across the country.
The Smartly® product family rewards your deposit relationship with tier-based perks — bigger combined balances unlock higher rates and lower fees.
Founded
1863
HQ
Minneapolis, MN
Charter
National bank
Reach
Branches in 26+ states
FDIC insured
Up to $250K per depositor, per ownership category
Bank-grade security
256-bit encryption + multi-factor login
Top-rated mobile app
Deposit checks, transfer, freeze your card instantly
Competitive APY
Designed to keep up with the highest online rates
Here's what U.S. Bank offers and who each product is best for.
Tiered APY that grows with your combined balance.
Up to 3.50% APY with qualifying deposit relationship
$400 bonus + waivable monthly fee.
Earn up to $400 with qualifying direct deposits
Takes about 5 minutes — no hard credit pull for deposit accounts.
Standard ID verification, usually instant.
Link an existing bank or transfer any amount via ACH.
Interest compounds and posts every month — no minimums to keep.
Yes. U.S. Bank is FDIC-insured (directly or through partner banks), with deposits insured up to $250,000 per depositor, per ownership category.
No monthly maintenance fees on the core account. Standard third-party fees may apply for things like out-of-network ATMs or wire transfers.
No. You can open the account with any amount and there's no minimum balance required to keep it open.
Link an external bank to ACH transfer in, set up direct deposit, mobile-deposit a check, or do a wire transfer.
Yes. You can close the account at any time with no penalty. Move your balance via ACH or wire to your new bank.
U.S. Bank's Smartly lineup is one of the few traditional banks where the more you deposit, the more you earn — and the bonus is real, not a marketing gimmick.
Advertiser disclosure: PickYourBank.com may receive compensation when you open an account through our links. This never influences our ratings or recommendations.
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