U.S. Bank savings, CD and money market rates
U.S. Bank advertises 3.50% APY on its Smartly Savings account. That is 3.13 percentage points above the national savings average of 0.37% (FDIC, Sep 2026).
A checking account at the bank is required.
Ranked #173 of 2767 tracked savings rates by advertised APY. It was #71 three months ago. The advertised rate has not changed in the 36 weeks since Banksparency began tracking it, through 1 Federal Reserve rate move.
U.S. Bank at a glance
| Savings | |
|---|---|
| Top savings APY | 3.50% · Smartly Savings · checking account required |
| Minimum to open | $25 · Smartly Savings |
| Against the national average | 3.13 percentage points above the 0.37% FDIC savings average (Sep 2026) |
| CDs | |
| Top CD APY | 3.25% · 6 months · CD Special 6-Month |
| Minimum to open | $1,000 · 6 months CD |
| Against the national average | 1.84 percentage points above the 1.41% FDIC 6-month CD average (Sep 2026) |
| Money market | |
| Top money market APY | Up to 3.40% · Elite Money Market · balances of $25,000 to $9,999,999,999.99 only |
| Minimum to open | $100 · Elite Money Market |
| Against the national average | 2.77 percentage points above the 0.63% FDIC money market average (Sep 2026) |
| FDIC certificate | 6548 · Cincinnati, OH |
|---|---|
| Website | www.usbank.com/index.html |
| Branches | 2,096 branches across 29 states |
| Availability | Nationally available |
U.S. Bank savings, CD and money market rates
How the rate applies
Rates are APY. The national savings average is 0.37% (FDIC, Sep 2026). The top tracked savings rate on Banksparency is 5.50%. Across 60 savings accounts from 59 banks in the Banksparency core savings index, the median advertised rate is 3.66%, and one account in ten advertises 4.16% or more. See the highest savings rates.
U.S. Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| 1 months | 0.05% | $500 | Standard CD 1-Month |
| 2 months | 0.05% | $500 | Standard CD 2-Month |
| 3 months | 0.05% | $500 | Standard CD 3-Month |
| 6 months | 3.25% | $1,000 | CD Special 6-Month |
| 6 months | 0.05% | $500 | Standard CD 6-Month |
| 9 months | 3.15% | $1,000 | CD Special 9-Month |
| 9 months | 0.05% | $500 | Standard CD 9-Month |
| 12 months | 3.00% | $1,000 | CD Special 12-Month |
| 12 months | 0.05% | $500 | Standard CD 12-Month |
| 18 months | 0.05% | $500 | Standard CD 18-Month |
| 24 months | 0.05% | $500 | Standard CD 24-Month |
| 36 months | 0.10% | $500 | Standard CD 36-Month |
| 48 months | 0.15% | $500 | Standard CD 48-Month |
| 60 months | 0.25% | $500 | Standard CD 60-Month |
Interactive Tool
Calculate Savings for U.S. Bank
All calculations are based on APY.
Minimum balance for higher APY: $100,000
Savings Breakdown
- Interest Earned+$18.60(0.1%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,018.60
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What U.S. Bank pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, U.S. Bank paid a higher average rate on savings and money market deposits than 62% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- U.S. Bank, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Smartly Savings | 3.50% | $25 | $0 | None | $0, if electronic statements selected, otherwise $5, can be waived | Checking account | Tiered | |
| Fine print: The standard rate applies to every balance. A higher rate needs a Bank Smartly Checking account, a Safe Debit account or a Bank Smartly Visa Signature Card, and it rises with the Combined Qualifying Balance across eligible U.S. Bank accounts. The bank prices the higher rate by ZIP code. | ||||||||
| Elite Money Market | 3.40% | $100 | $0 | $9,999,999,999.99 | not stated | not stated | Tiered | |
| Fine print: The published rates apply to new accounts and to accounts open less than 30 days. Clients who already hold a U.S. Bank savings or money market account do not qualify. | ||||||||
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| Standard CD 1-Month | 1 months | 0.05% | $500 | not stated | not stated |
| Standard CD 2-Month | 2 months | 0.05% | $500 | not stated | not stated |
| Standard CD 3-Month | 3 months | 0.05% | $500 | not stated | not stated |
| CD Special 6-Month | 6 months | 3.25% | $1,000 | not stated | not stated |
| Standard CD 6-Month | 6 months | 0.05% | $500 | not stated | not stated |
| CD Special 9-Month | 9 months | 3.15% | $1,000 | not stated | not stated |
| Standard CD 9-Month | 9 months | 0.05% | $500 | not stated | not stated |
| CD Special 12-Month | 12 months | 3.00% | $1,000 | not stated | not stated |
| Standard CD 12-Month | 12 months | 0.05% | $500 | not stated | not stated |
| Standard CD 18-Month | 18 months | 0.05% | $500 | not stated | not stated |
| Standard CD 24-Month | 24 months | 0.05% | $500 | not stated | not stated |
| Standard CD 36-Month | 36 months | 0.10% | $500 | not stated | not stated |
| Standard CD 48-Month | 48 months | 0.15% | $500 | not stated | not stated |
| Standard CD 60-Month | 60 months | 0.25% | $500 | not stated | not stated |
Fine print for 3 CDs above: The advertised APY is for new CD clients who open a new CD Special account. It is not available to clients with any U.S. Bank CD account closed within the past 60 days.
Opening and using the account
| Availability | Nationally available |
|---|---|
| Footprint | 2,096 branches across 29 states |
| App Store rating | 4.8 out of 5 |
| Google Play rating | 4.7 out of 5 |
| Zelle | Available |
| Eligibility | not stated |
How U.S. Bank behaves over time
- 12-month high
- 3.50%
- 12-month low
- 3.00%
- Advertised now
- 3.50%
- At the 12-month high
The advertised Smartly Savings rate, observed through Oct 5, 2026. The series includes promotional tiers where one applied.
U.S. Bank has not changed its advertised savings rate in the 36 weeks since Banksparency began tracking it, through 1 Federal Reserve rate move.
- Smartly Savings
- The same as 90 days ago.
- 6 months CD
- The same as 7 days ago.
- Elite Money Market
- The same as 7 days ago.
- Rate last changed
- Sep 19, 2026(effective date)
$10,000 at the 3.50% APY U.S. Bank advertises on Smartly Savings grows to $10,350 in a year. Prices rose 3.4% in the year to August 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $10,010 does today. See how the federal funds rate shapes savings rates.
- Smartly Savings APY
- Banksparency savings index
- Consumer price index, year over year
U.S. Bank CD rates over time
Who is U.S. Bank?
| Headquarters | Cincinnati, OH |
|---|---|
| Founded | 1863 |
| Scale | $705.6B assets · $541.9B deposits, $454.7B of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 6548 |
| BBB rating | A+ · BBB Accredited |
| Charter state | Ohio · one of 157 insured banks chartered there (Q2 2026, FDIC) |
| Size | 5th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 37% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What U.S. Bank pays on deposits above.
Common questions about U.S. Bank
Is U.S. Bank FDIC insured?
Yes. U.S. Bank is FDIC insured under certificate 6548, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at U.S. Bank?
U.S. Bank requires a minimum deposit of $25 to open its Smartly Savings account, as observed on Oct 5, 2026. Check the bank's current terms before you open an account.
Does U.S. Bank have branches?
Yes. U.S. Bank operates 2,096 branches according to FDIC branch records, in addition to its website and mobile apps.
U.S. Bank against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| U.S. Bank | 3.50% | 1.74% | $25 | 2,096 branches across 29 states |
| Buckeye State Bank | 3.50% | 2.57% | $50 | 6 branches in OH |
| Institution for Savings in Newburyport and Its Vicinity | 3.50% | 2.11% | $100,000 | 13 branches in MA |
| Local Bank | 3.50% | 3.69% | $2,500 | 3 branches in AL |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to U.S. Bank's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Ohio, nearest to U.S. Bank in deposits:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.