U.S. Bank: Savings Account & Rates

By Aviel Fahl

Updated: 1/12/2026

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

Interest rates reported as APY

Savings Overview

Smartly Savings

3.50% APY

Tiered Range: 0.05% - 3.50%

Rate Increased

+0.50%

Since 7 days ago

Min: $25 Checking Bundle Branch Access

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

Rank #61 of 101 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 3.50% may be earned for balances of $100K and above. Balances below that receive an increasingly lower APY. The lowest rate is 0.05% APY. See bank for more details.

Market Reality Check

This bank offers rates below the current top tier. The best rates we track are currently above 4.20% APY.

See Top Rates

National Avg: 0.39% (FDIC, 12/15/2025).
Banksparency tracks live rates daily.

Bank Overview

HQ LocationMinneapolis, Minnesota
Founded1863
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

Savings4.31%APY

Checking0.51%APY

Go to Axos Bank

Member, FDIC

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 4.31% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. 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.

PREMIUM ACCOUNT, GENEROUS BONUS

SponsoredVerified Jan 12, 2026

FDIC Insured

CIT Bank - Platinum Savings

Competitive APY - with a balance of $5,000+
Earn up to $300 bonus with qualifying deposit
Highly rated mobile apps

FDIC Insured

Savings3.75%APY

Up to$300Bonus

Go to CIT Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$5,000
Mobile Ratings	iOS:4.8 Android:4.5

This is a tiered savings account, where the 3.75% APY requires meeting the $5,000 balance requirement. Lower balances earn an APY of 0.25%.

EASY TRANSFERS, LOW MINIMUMS

SponsoredVerified Jan 12, 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

Savings3.50%APY

Go to Quontic Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$0
Mobile Ratings	iOS:4.8 Android:4.9

FLEXIBILITY & Customer Service

SponsoredVerified Jan 12, 2026

UFB Direct

FDIC Insured

UFB Portfolio Savings

No maintenance fee or minimum balance to open
Boost your savings rate by 0.20% APY with Freedom Checking
Earn 2.00% APY on checking balances

FDIC Insured

Savings3.26%APY

Go to UFB Direct

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$0
Min. Balance in Savings Account	$0
Mobile Ratings	iOS:4.8 Android:4.3

Our Take on U.S. Bank

The Good

Decent APY of 3.50%
Low opening deposit ($25)
Top-tier mobile apps (iOS: 4.8, Android: 4.7)
Access to physical branches

Considerations

Requires opening a checking account (bundled)
Monthly maintenance fee of $5
High minimum balance ($100000) to earn APY

Verdict

U.S. Bank offers the Smartly Savings account with an attractive APY of 3.50%, but it is important to note that this is a tiered savings account. To earn the highest yield, you must have a Smartly checking account, Safe Debit, or a Smartly Visa Signature Card. Additionally, your Combined Qualifying Balances (CQB) will affect your APY, with the lowest rate being 0.05% for balances below $100K. There is no direct deposit requirement, but a $25 opening deposit is needed, and a monthly maintenance fee of $5 applies. Access to physical branches and top-tier mobile apps enhance the experience.

Savings Account: In-Depth View

Savings Account Offered by U.S. Bank

Feature	Smartly Savings
APY	3.50%Range: 0.05% - 3.50%Verified: 1/12/2026
APY Trend	Rate Increased +0.50% Since 7 days ago
Min. Deposit	$25
Min. Balance	$100,000
Monthly Fee	$0, if electronic statements selected, otherwise $5
Direct Deposit	None
Checking Bundle	Yes
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 3.50% may be earned for balances of $100K and above. Balances below that receive an increasingly lower APY. The lowest rate is 0.05% APY. See bank for more details.
Next Steps	-

Calculate Savings for U.S. Bank

All calculations are based on APY.

Selected Product

Smartly Savings0.05% - 3.50% APY

Initial Deposit

⚠️

Minimum balance for higher APY: $100,000

Recurring Deposit

Frequency

Duration

Savings Breakdown

Interest Earned
+$18.60(0.1%)
Total Contributions
$13,000
Initial Deposit
$1,000

Projected Balance

$14,018.60

Effective APY

0.05%

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 1 Months

Metric	Smartly Savings
Latest APY	3.50%
Trend	Rising
Slope (bps/mo)	52.6
Rate Changes / Mo	1.43
Days Since Last Change	2
High (-1m)	3.50%
Low (-1m)	3.00%
Draw-down	0.0%
Volatility (CV)	0.057

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 21-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	0.05% - 3.50%Verified: 1/12/2026	-
APY Trend	Rate Increased +0.50% Since 7 days ago	-
Min. Deposit	$25	-
Monthly Fee	$0, if electronic statements selected, otherwise $5	-
Direct Deposit	No	-
Checking Bundle	Yes	-
Branch Access	Yes	-
Eligibility	United States	-
Compounding	Daily	-
FDIC 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 3.50% may be earned for balances of $100K and above. Balances below that receive an increasingly lower APY. The lowest rate is 0.05% APY. See bank for more details.	-
Next Steps	-	-