U.S. Bank: Savings Account & Rates

Updated: 8/21/2026

Mission: Banksparency aims to make U.S. Bank's deposit accounts transparent and comparable to the market.

Interest rates reported as APY

Analysis of U.S. Bank

Our verdict

U.S. Bank offers Smartly Savings, a high-yield savings account paying 3.50% APY with a $25 minimum deposit. A minimum balance of $100,000 is required to earn this rate.

At 3.50% APY, U.S. Bank pays 9x the national savings average of 0.38%.

Ideal User Profile

Best for: keeping checking and savings at one bank, quick transfers with Zelle, and having a branch nearby when you need one.

Important Considerations

To earn the Smartly Savings top rate, you'll need a linked checking account with U.S. Bank.

Key Differentiators

Stands out with top-rated iOS app (4.8), highly-rated Android app (4.7), A+ BBB rating, in-person banking available, Zelle for instant transfers.

Savings Overview

Smartly Savings

Savings

3.50% APY

Min: $25 Checking Bundle Branch Access

Min. Deposit	$25
Min. Balance	$100,000
Maintenance Fee	$0, if electronic statements selected, otherwise $5

Rank #76 of 337 tracked.

This is a tiered savings account where the high yields require a Smartly checking account, Safe Debit or a Smartly Visa Signature Card account. In addition, your Combined Qualifying Balances (CQB) will determine the APY, where the highest APY may be earned for balances of $100K and above. Balances below that receive an increasingly lower APY. See bank for more details.

Market Reality Check

This institution offers rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.

See Top Rates

National Avg: 0.38% (FDIC, 8/1/2026).
Banksparency tracks live rates daily.

Bank Overview

HQ LocationCincinnati, OH
Ratings & Trust
4.8iOS 4.7Android A+BBB BBB Accredited
Zelle® SupportAvailable
Network co-owner; Business support.
Deposit InsuranceFDIC Insured(Cert: 6548)

Visit Official Website

Featured Offers

Axos ONE - High Yield Savings & Checking

Over 95,000 fee-free ATMs
Get paid up to 2 days early with Direct Deposit
One convenient app for spending & saving

FDIC Insured

Savings4.21%APY

Checking0.51%APY

Go to Axos Bank

FDIC or NCUA insured

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	0
Min. Balance in Savings Account	0
How to qualify for APY	OPTION ADirect Deposit $1,500+ AND Maintain $1,500+ avg daily checking balance. OR OPTION BDeposit $5,000+ total/mo AND Maintain $5,000+ avg daily checking balance.
Mobile Ratings	iOS:4.7 Android:4.5

The APY is available with the Axos ONE savings and checking bundle. The checking account also earns interest. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000.

EASY TRANSFERS, LOW MINIMUMS

SponsoredVerified Aug 19, 2026

FDIC Insured

Quontic High Yield Savings

Apply in 3 minutes or less
No monthly service fees
Transfer with Zelle, Apple Pay, G-Pay, and more

FDIC Insured

Savings3.20%APY

Go to Quontic Bank

FDIC or NCUA insured

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	10000
Min. Balance in Savings Account	0
Mobile Ratings	iOS:4.8 Android:4.9

Savings Account: In-Depth View

Savings Account Offered by U.S. Bank

Feature	Smartly Savings
APY	3.50%Verified: 8/21/2026
APY Trend	N/A
Min. Deposit	$25
Min. Balance	$100,000
Monthly Fee	$0, if electronic statements selected, otherwise $5
Direct Deposit	None
Checking Bundle	Yes
In-Branch Access	Yes
Compounding	Daily
FDIC Insured	Yes
Eligibility	United States
Important	This is a tiered savings account where the high yields require a Smartly checking account, Safe Debit or a Smartly Visa Signature Card account. In addition, your Combined Qualifying Balances (CQB) will determine the APY, where the highest APY may be earned for balances of $100K and above. Balances below that receive an increasingly lower APY. See bank for more details.
Next Steps	-

Interactive Tool

Calculate Savings for U.S. Bank

All calculations are based on APY.

Selected product

Smartly Savings3.50% APY

Initial deposit

⚠️

Minimum balance for APY: $100,000

Recurring deposit

Frequency

Duration

Savings Breakdown

Interest Earned
+$1,363.30(8.9%)
Total Contributions
$13,000
Initial Deposit
$1,000

Projected Balance

$15,363.30

Effective APY

3.50%

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

U.S. Bank Savings Rates Over Time

Historical APY Insights

Last 8 Months

Metric	Smartly Savings
Latest APY	3.50%
Trend	Rising
Slope (bps/mo)	6.9
Rate Changes / Mo	0.12
Days Since Last Change	223
High (-8m)	3.50%
Low (-8m)	3.00%
Draw-down	0.0%
Volatility (CV)	0.077

How to read these metrics▼

Trends & Velocity

Trend: The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
Slope (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
Rate Changes / Mo: "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.

Risk & Range

High/Low: The absolute ceiling and floor of the rate during the 241-day window.
Volatility Score: Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
Days Since Change: If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.

Compare with U.S. Bank

Feature	Current View U.S. Bank	Empty Slot
Product	Smartly Savings	-
APY	3.50%Verified: 8/21/2026	-
APY Trend	N/A	-
Min. Deposit	$25	N/A
Monthly Fee	$0, if electronic statements selected, otherwise $5	-
Direct Deposit	No	-
Checking Bundle	Yes	-
In-Branch Access	Yes	-
Eligibility	United States	-
Compounding	Daily	-
FDIC or NCUA Insured	Yes	-
Note	This is a tiered savings account where the high yields require a Smartly checking account, Safe Debit or a Smartly Visa Signature Card account. In addition, your Combined Qualifying Balances (CQB) will determine the APY, where the highest APY may be earned for balances of $100K and above. Balances below that receive an increasingly lower APY. See bank for more details.	-
Next Steps	-	-

Alternatives to U.S. Bank

Banks with Higher/Similar Savings APY

For a top list of the highest savings rates, see all HYSA top rates

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Eligible States: Limited (see details)

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Super Savings: 3.56% APY

Minimum Deposit: $50

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Minimum Deposit: $50,000

Super Duper Savings Account: 4.01% APY

Minimum Deposit: $50

Business Money Market: 4.26% APY

Bundled Savings & Checking Account

Minimum Deposit: $50

Waterman Bank

High Yield Savings: 3.82% APY

Minimum Deposit: $50

Business Savings: 3.82% APY

Minimum Deposit: $50

Kids Savings: 3.82% APY

Minimum Deposit: $50

Christmas Club: 0.25% APY

Minimum Deposit: $0.01

Business Money Market: 3.82% APY

Minimum Deposit: $2,500

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Minimum Deposit: $2,500

Forbright Bank

Bright Savings: 3.46% APY

Minimum Deposit: $250

Eligible States: Limited (see details)

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Minimum Deposit: $0

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Sprout Savings: 3.46% APY

Minimum Deposit: $1

Eligible States: Limited (see details)

Bright Business Savings: 3.46% APY

Minimum Deposit: $250

Eligible States: Limited (see details)

Platinum Business Money Market: 3.46% APY

Minimum Deposit: $2,500

Eligible States: Limited (see details)

Security State Bank of Marine

Super Savers: 0.10% APY

Minimum Deposit: N/A

Piggy Bank Savers: 0.10% APY

Minimum Deposit: N/A

Money Market Platinum: 3.56% APY

Minimum Deposit: N/A

Money Market Savings: 0.15% APY

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Passbook Savings: 0.10% APY

Minimum Deposit: N/A

Carver Bank

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Minimum Deposit: $10

Carver Savings: 0.10% APY

Minimum Deposit: $100

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Minimum Deposit: $5,000

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Money Market: 0.50% APY

Minimum Deposit: $250

Savings Liquit IRA: 0.10% APY

Minimum Deposit: $100

Relationship Savings: 0.10% APY

Minimum Deposit: $250

Barclays

Online Savings: 3.30% APY

Minimum Deposit: $0

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Tiered Savings: 3.65% APY

Minimum Deposit: $0

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