Review
Updated
U.S. Bank offers a competitive selection of banking products. There are plenty of rewards to entice customers to open multiple accounts, including fee-free money market accounts, preferred loan rates, and more. Its key drawback is its low APYs, but that's true of all brick-and-mortar banks. If you can look past that, you'll find a lot of options, including some rare product offerings you don't see with many other banks.
U.S. Bank
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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U.S. Bank offers strong relationship rewards to customers who open multiple accounts. It also offers a variety of checking accounts and some rare CD and loan options. Those interested in money market accounts will also appreciate that U.S. Bank has several to choose from.
Pros
- Excellent selection of products
- Relationship benefits for opening multiple accounts
- Rare CD and loan options
Cons
- Low APY on deposit accounts
- Mixed reviews on customer service
U.S. Bank savings accounts review
U.S. Bank offers a single savings account -- the Standard Savings account.
U.S. Bank Standard Savings Account
The U.S. Bank Standard Savings Account has a low monthly fee which you can waive in several ways. Its online and mobile banking tools mean you can set up custom alerts and recurring transfers to your savings from another linked U.S. Bank account.
The APY is low, even for a brick-and-mortar bank. Many of U.S. Bank's competitors offer higher rates to customers who bank large sums or open multiple accounts. U.S. Bank doesn't offer higher relationship rates on its savings account.
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Ratings Methodology
Rates as
of Apr 19, 2024
U.S. Bank Standard Savings Account
Member FDIC.
Rating image, 2.50 out of 5 stars.
2.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Rating image, 2.50 out of 5 stars.
2.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Fair = PoorSpecial offer
Earn up to $700 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through June 27, 2024. Member FDIC. Offer may not be available if you live outside of the U.S. Bank footprint or are an existing client of U.S. Bank or State Farm.
APY
0.01% (as of 3/24/2023)
Min. To Earn APY
$25
- Monthly fee can be waived
- Low minimum
- Great digital banking platforms
- Large branch and ATM network
- Monthly maintenance fee
- Very low interest rate
- No ATM reimbursement
The U.S. Bank Standard Savings Account is a great choice for savers who are more concerned with ease of access and a top-notch digital banking experience than maximizing the interest earned in their account.
High-yield savings account comparison
We recommend comparing high-yield savings account options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of standout accounts.
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| Account | APY | Promotion | Next Steps |
|---|---|---|---|
Rating image, 4.75 out of 5 stars.
4.75/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
= Good
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up to 4.60%
Rate info
You can earn the maximum APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.
Min. to earn: $0
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New customers can earn up to a $300 bonus with qualifying direct deposits!
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Rating image, 4.75 out of 5 stars.
4.75/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
= Good
= Fair = Poor |
5.05% APY for balances of $5,000 or more
Rate info
5.05% APY for balances of $5,000 or more; otherwise, 0.25% APY
Min. to earn: $100 to open account, $5,000 for max APY
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N/A
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Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
4.35%
Min. to earn: $0
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New customers can earn a $200 bonus with a minimum $25,000 qualifying deposit. Terms apply.
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U.S. Bank CD accounts
U.S. Bank offers four types of certificates of deposit (CDs), which are explained in detail below.
U.S. Bank Standard CDs
U.S. Bank's Standard CDs have low minimum deposits and the terms range from one month to five years. All accounts are FDIC insured and rates are locked in for the full CD term, so if you decide to withdraw funds before the term is up, you'll pay an early withdrawal penalty. Rates are pretty average for brick-and-mortar CDs, and you can earn higher APYs by choosing a longer term.
Rates as of April 12, 2024
APY = Annual Percentage Yield
U.S. Bank Standard CD
MINIMUM DEPOSIT $500
| 6 Mo. APY | 9 Mo. APY | 1 Yr. APY | 1.5 Yr. APY | 2 Yr. APY | 3 Yr. APY | 4 Yr. APY | 5 Yr. APY |
|---|---|---|---|---|---|---|---|
| 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.10% | 0.15% | 0.25% |
U.S. Bank CD Specials
U.S. Bank's CD Specials offer promotional rates on unusual CD terms, such as 19 months or 27 months. These rates are higher than those on its traditional CDs, but you do need a little more money to open one. Like the traditional CDs, CD Specials are FDIC-insured and have APYs that remain the same over the whole CD term.
U.S. Bank Step Up CD
U.S. Bank offers a single 28-month step-up CD where the APY rises automatically every seven months. Rates, including the scheduled rate increases, are locked in at the time you open the CD. The minimum deposit is slightly higher than the traditional CDs, but it's not out of line with what other brick-and-mortar banks require.
U.S. Bank Trade Up CDs
U.S. Bank offers two Trade Up CDs, one with a 30-month term and one with a 60-month term. These are bump-up CDs, which are similar to step-up CDs, except you have the freedom to decide when your rates increase. If rates go up over the course of your CD term, you may request a one-time rate increase and your APY will stay at this new level for the remainder of the term. This isn't a common type of CD, so Bank of America is worth a closer look if you're interested in it.
Compare CD rates
If you're undecided on a U.S. Bank CD, take a peek at what other banks are offering and compare available terms and APYs.
Rates as of
| Bank & CD Offer | APY | Term | Min. Deposit | Next Steps |
|---|---|---|---|---|
Member FDIC.
| APY: 5.10% | Term: 10 Months | Min. Deposit: $0 | |
Member FDIC.
| APY: 4.70% | Term: 1 Year | Min. Deposit: $2,500 | |
| APY: 5.05% | Term: 1 Year | Min. Deposit: $1 | |
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| APY: 5.15% | Term: 9 Months | Min. Deposit: $1 | |
Member FDIC.
| APY: 4.75% | Term: 1 Year | Min. Deposit: $500 |
Sorry, we didn't find any CDs that meet those criteria.
U.S. Bank checking accounts review
U.S. Bank currently offers the following five checking accounts -- two personal checking accounts and three business checking options.
U.S. Bank Smartly® Checking
The U.S. Bank Smartly® Checking is a relatively new checking account product offered by U.S. Bank, designed to simplify the checking account experience. It offers mobile check deposits, automated bill pay, and most other features you would expect from a checking account, as well as an excellent overdraft protection program that offers fee forgiveness if you make a qualifying deposit to quickly correct an overdraft over $50. For overdrafts under $50, there is no fee. Customers can access their money for free at U.S. Bank ATMs as well as any ATM in the MoneyPass network.
There is a $6.95 monthly maintenance fee, but it can be waived in a variety of ways, such as by maintaining at least a $1,500 average balance, having a U.S. Bank credit card, or with monthly direct deposits of $1,000 or more. Account holders with higher balances get access to the bank's Smart Rewards program, which has four tiers that come with benefits like waived non-bank ATM fees and other valuable perks. This account even earns a little bit of interest, although U.S. Bank doesn't disclose its rates online.
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Ratings Methodology
Rates as
of Apr 19, 2024
U.S. Bank Smartly® Checking
Member FDIC.
Rating image, 3.50 out of 5 stars.
3.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Rating image, 3.50 out of 5 stars.
3.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Best
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= Excellent
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= Good
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= Fair
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= Poor
= Best
= Excellent
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= Fair = PoorSpecial Offer
Earn up to $700 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through June 27, 2024. Member FDIC. Offer may not be available if you live outside of the U.S. Bank footprint or are an existing client of U.S. Bank or State Farm.
APY
Undisclosed
Min. To Earn APY
$0.01
- Overdraft protection tools and Overdraft Fee Forgiveness program
- Opportunity to earn account welcome bonus
- Wide variety of account tools
- Zero fraud liability
- Award-winning app
- Fee waiver requirements
- Account APY undisclosed
U.S. Bank is the fifth-largest bank in the U.S. in terms of assets. With its Smartly checking account you can earn special benefits when you enroll in the Smart Rewards™ program. With its digital security coverage, you are not liable for unauthorized transactions that are initiated online at usbank.com or through the U.S. Bank Mobile App as long as you let it know right away.
The monthly maintenance fee can be waived for customers who meet certain criteria. U.S. Bank also provides security alerts, personalized financial insights, and financial goal setting through its award-winning app.
U.S. Bank Safe Debit Account
The U.S. Bank Safe Debit Account doesn't offer checks (but it does offer a debit card) and it doesn't charge overdraft fees. The account comes with mobile and online banking tools, as well as mobile check deposit and bill pay. The account has a monthly maintenance fee of $4.95 that is not waivable.
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Ratings Methodology
Rates as
of Apr 19, 2024
U.S. Bank Safe Debit Account
Member FDIC.
Rating image, 3.00 out of 5 stars.
3.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Rating image, 3.00 out of 5 stars.
3.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Best
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= Excellent
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= Fair = Poor- No overdraft fees
- Large branch and ATM network
- Low opening deposit requirement
- No check-writing ability
- Monthly maintenance fee can't be waived
- Doesn't pay interest
- Not available in all states
The U.S. Bank Safe Debit Account is like a branch-based checking account, just without the checks.
U.S. Bank Silver Business Checking
The U.S. Bank Silver Business Checking account is U.S. Bank's most affordable business checking option, with a $0 monthly maintenance fee and 125 free transactions per month (with a charge of $0.50 for each additional transaction). It also comes with $2,500 of free cash deposits (or 25 total monthly cash transactions, whichever comes first) per statement cycle. It has online and mobile banking features, including mobile bill pay. Account holders can access their cash for free at U.S. Bank ATMs, but will have to pay a fee to U.S. Bank and possibly also the ATM owner to use an out-of-network ATM.
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Ratings Methodology
Rates as
of Apr 19, 2024
U.S. Bank Silver Business Checking
Member FDIC.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Best
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= Best
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- 125 free monthly transactions
- Discounted checks
- Low minimum deposit
- Large branch and ATM network
- Card payment processing and cash management services available
- Not interest-bearing
- Can be costly for businesses with high transaction volumes
- Transaction limits
The U.S. Bank Silver Business Checking account is a good fit for small business owners who aren't ready to pay for a business checking account. Its feature list may not be as robust as some of its competitors, but it comes with all the tools you need to manage your funds as well as a decent number of free monthly transactions.
Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL23 and complete qualifying activities, subject to certain terms and limitations. Offer valid through January 8, 2024. Member FDIC.
U.S. Bank Gold Business Checking
The U.S. Bank Gold Business Checking account is one step above the Silver Business Checking. It has a $20 (waivable) monthly maintenance fee and 300 free transactions per month (with a charge of $0.45 for each additional transaction). Free cash deposits and transactions are increased with the Gold account -- you get $10,000 of free cash deposits (or 100 free cash transactions, whichever comes first) per statement cycle. Like U.S. Bank's other checking accounts, it comes with online and mobile banking, and it's free to use U.S. Bank ATMs with this account.
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Ratings Methodology
Rates as
of Apr 19, 2024
U.S. Bank Gold Business Checking
Member FDIC.
- Monthly fee is waivable
- 300 free transactions per month
- $10,000 of free cash deposits per statement cycle, or 100 free cash transactions, whichever comes first
- 50% discount on first check order with Deluxe, up to $100
- Not interest bearing
- Monthly free transaction and cash deposit limits
Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL23 and complete qualifying activities, subject to certain terms and limitations. Offer valid through January 8, 2024. Member FDIC.
U.S. Bank Platinum Business Checking
The U.S. Bank Platinum Business Checking account is U.S. Bank's top-tier business checking account, offering the perks of the Gold Business Checking account plus extra perks. The Platinum Business Checking comes with 500 free transactions each month (with a fee of $0.40 for each additional transaction), and $20,000 in free cash deposits (or 200 free cash transactions, whichever comes first) per statement cycle. The monthly maintenance fee is $30, but like the Gold account, it is waivable if you meet certain conditions.
U.S. Bank says this account is best for "mature business with higher balances."
Show Best Offers Available in
Ratings Methodology
Rates as
of Apr 19, 2024
U.S. Bank Platinum Business Checking
Member FDIC.
- Monthly maintenance fee is waivable
- 500 free transactions per month
- $20,000 in free cash deposits per statement cycle, or 200 free cash transactions, whichever comes first
- 50% discount on first check order with Deluxe, up to $100
- Free mobile check deposit
- Monthly maintenance fee applies if not waived
- Not interest bearing
- Free monthly transaction and cash deposit limitations
Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL23 and complete qualifying activities, subject to certain terms and limitations. Offer valid through January 8, 2024. Member FDIC.
Checking account comparison
We recommend comparing checking account options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of standout accounts.
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| Account | APY | Promotion | Next Steps |
|---|---|---|---|
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
0%
Min. to earn: N/A
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Earn 1% cash back on up to $3,000 in debit card purchases each month (see details when you click 'Open Account')
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Rating image, 4.75 out of 5 stars.
4.75/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
0.50%
Rate info
You can earn the maximum savings APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.
Min. to earn: $0
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Cash bonus up to $300 with direct deposit set up (see details when you click 'Open Account')
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Rating image, 4.25 out of 5 stars.
4.25/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
0.40% (up to 3.30%)
Rate info
To earn the full APY, account holders must do all of the following: Receive monthly direct deposits totaling more than $1,500; make 10 transactions a month with your Axos debit card, or sign up for Axos's Personal Finance Manager; maintain an average daily balance of $2,500 per month in an Axos Invest Self Directed Trading Account; and use your Rewards Checking account to make your full monthly Axos Bank consumer mortgage, personal, or auto loan payment.
Min. to earn: Monthly direct deposits totaling at least $1,500
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Use promo code AXOS300 and apply by June 30th, to earn up to a $300 bonus!
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U.S. Bank customer service and experience
U.S. Bank has an A+ rating with the Better Business Bureau, yet it boasts an unimpressive 1.7 out of 5 stars on Trustpilot. J.D. Power put it right in the middle, giving it three out of five stars in its latest U.S. Retail Banking Satisfaction Study. These mixed reviews make it more difficult to get a sense of U.S. Bank's customer service than some of its competitors'.
Customer service may not be a huge priority for you if you rarely interact with anyone at your bank, but if U.S. Bank's mixed ratings concern you, you can always reach out to the bank directly, ask any questions you have, and assess its customer service for yourself.
U.S. Bank relationship benefits
U.S. Bank offers a plethora of bonuses to its customers, including fee-free money market accounts when you open select checking accounts. It also gives preferred rates on personal loans, auto loans, and home equity loans and lines of credit. U.S. Bank mortgage customers can also look forward to a discount on their rates if they open a Gold or Platinum Checking account.
Gold and Platinum Checking account owners who want to invest through a U.S. Bank self-directed brokerage account will receive 100 free trades. Platinum Checking customers pay no annual fees on home equity lines of credit (HELOCs) and receive new account bonuses on select U.S. Bank credit cards.
The one perk that is missing is relationship rates on savings accounts, though Gold and Platinum Checking customers can earn relationship rates if they open a U.S. Bank money market account instead.
Learn more about U.S. Bank's Promotions of 2024
A promotion can make an already great account look even better. Take a look at the bonuses U.S. Bank offers to see if one is right for you.
Alternatives to U.S. Bank
If U.S. Bank doesn't appeal to you, one of these other banks might.
Bank of America
Bank of America is a large, national brick-and-mortar bank with relationship benefits that can rival U.S. Bank's. Customers who open multiple accounts are eligible for higher APYs on deposit accounts and they can also score discounts on loan products. Bank of America only offers a single checking account, but it has three flavors that you can switch between as needed, so you still have a lot of flexibility.
Axos Bank
Axos Bank is an online bank, so it's able to offer higher APYs and no monthly maintenance fees on its accounts. It has five checking accounts as well, including interest-bearing accounts, so it's competitive with U.S. Bank in this respect. The bank also offers savings, CD, and money market accounts as well as loan products. This is a greater variety of products than you see with most online banks, so it's worth considering if you want to do all your banking in one place.
Is U.S. Bank right for you?
U.S. Bank is a good choice for you if:
- You plan to open multiple accounts with the bank.
- You like having a lot of options so you can choose the account that best matches your needs.
- You're interested in rare types of CDs or CDs with unusual terms.
Other U.S. Bank products
In addition to the accounts listed above, U.S. Bank offers the following products.
U.S. Bank money market accounts
- Platinum Select Money Market Savings: This is U.S. Bank's top-tier money market account and is only available to Platinum Checking account customers. Its rates are similar to U.S. Bank's Standard Savings account, though customers with a six-figure balance can earn more.
- Package Money Market Savings: The Package Money Market Savings account is only available to those with a Gold Checking account. Its tiered APY system is comparable to the Platinum Select Money Market Savings account.
- Elite Money Market Account: The Elite Money Market account has a higher balance requirement than the two money market accounts listed above, but its interest rates are about the same. This account has a monthly maintenance fee and you'll need a five-figure sum to waive it.
- Retirement Money Market Account: The Retirement Money Market Account is available to customers who have an IRA through U.S. Bank. There's no monthly maintenance fee on this account, but as it's for retirement savings, you can't withdraw the funds before the age of 59 1/2 without paying a penalty.
U.S. Bank credit cards
- U.S. Bank Altitude® Go Visa Signature® Card: This card rewards you for dining and takeout, grocery, gas, and streaming service purchases. It also includes an annual credit for streaming services.
- U.S. Bank Cash+™ Visa Signature® Card: This is a cash back credit card with rotating bonus categories, but rather than the bank deciding which categories earn bonus points each quarter, you choose which categories you want to earn rewards on.
- U.S. Bank Visa® Platinum Card: This credit card offers a long 0% introductory APR on purchases and includes extra perks, like cell phone protection when you pay your credit card bill with your card.
- U.S. Bank Altitude Reserve Visa Infinite® Card: This is U.S. Bank's high-end travel credit card and it’s only available to U.S. Bank members. It comes with a high annual fee but it offers bonus rewards on travel-related purchases and annual reimbursements for travel expenses.
- U.S. Bank FlexPerks® Gold American Express® Card: This is a more affordable travel rewards card that offers bonus points on hotels, car rentals, restaurants, gas stations, and airlines.
- U.S. Bank Secured Visa® Card: This credit card can help you build a strong credit history or rebuild your poor credit, but it requires a deposit equal to your credit limit and has an annual fee.
U.S. Bank loans
- U.S. Bank mortgages: U.S. Bank offers fixed- and adjustable-rate conventional mortgages, FHA loans, VA loans, jumbo loans, and loans for new construction and investment properties. You can also refinance your existing mortgage and choose from a traditional refinance or a cash-out or streamline refinance.
- U.S. Bank home equity loans and lines of credit: U.S. Bank offers home equity loans with repayment terms up to 30 years and home equity lines of credit (HELOCs) that enable you to borrow just as much as you need.
- U.S. Bank vehicle loans: You can take out a new auto, boat, or RV loan or refinance your existing loans online with U.S. Bank.
- U.S. Bank Personal Loan: U.S. Bank enables you to borrow a substantial sum of money without any collateral. It offers fixed monthly payments and a fixed interest rate for the term of the loan. This product is only available to U.S. Bank customers.
- U.S. Bank Simple Loan: A U.S. Bank Simple Loan is a great alternative to its personal loan product if you only need to borrow a small sum.
- U.S. Bank Personal Line of Credit: U.S. Bank checking customers can open a personal line of credit that they can access whenever they need a little extra cash.
- U.S. Bank Reserve Line of Credit: The U.S. Bank Reserve Line of Credit provides overdraft protection for your U.S. Bank deposit accounts.
Investing
- U.S. Bank Automated Investor: U.S. Bank's Automated Investor tool is a robo-advisor that helps you decide how to invest your money based on your answers to some questions about your risk tolerance and financial goals. It'll then ensure your portfolio stays balanced.
- U.S. Bank self-directed brokerage accounts: U.S. Bank's self-directed brokerage accounts enable you to invest your money however you choose. Gold and Platinum Checking customers receive 100 free trades per year.
- U.S. Bank retirement accounts: You can open a traditional, Roth, or Simplified Employee Pension (SEP) IRA through U.S. Bank.
Our Banking Experts
Kailey Hagen has been writing about small businesses and finance for almost 10 years, with her work appearing on USA Today, CNN Money, Fox Business, and MSN Money. She specializes in personal and business bank accounts and software for small to medium-size businesses. She lives on what's almost a farm in northern Wisconsin with her husband and three dogs.
Matt is a Certified Financial Planner™ and investment advisor based in Columbia, South Carolina. He writes personal finance and investment advice for The Ascent and its parent company The Motley Fool, with more than 4,500 published articles and a 2017 SABEW Best in Business award. Matt writes a weekly investment column ("Ask a Fool") that is syndicated in USA Today, and his work has been regularly featured on CNBC, Fox Business, MSN Money, and many other major outlets. He’s a graduate of the University of South Carolina and Nova Southeastern University, and holds a graduate certificate in financial planning from Florida State University.
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Charles Schwab is an advertising partner of The Ascent, a Motley Fool company. American Express is an advertising partner of The Ascent, a Motley Fool company. Ally is an advertising partner of The Ascent, a Motley Fool company. Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. Bank of America is an advertising partner of The Ascent, a Motley Fool company. SLM is an advertising partner of The Ascent, a Motley Fool company. Citigroup is an advertising partner of The Ascent, a Motley Fool company. Synchrony Financial is an advertising partner of The Ascent, a Motley Fool company. Kailey Hagen has no position in any of the stocks mentioned. Matt Frankel has positions in Ally Financial, American Express, and Bank of America. The Motley Fool has positions in and recommends Axos Financial, Bank of America, Charles Schwab, Goldman Sachs Group, PNC Financial Services, Target, U.S. Bancorp, and Visa. The Motley Fool recommends Barclays Plc and Discover Financial Services and recommends the following options: short June 2024 $65 puts on Charles Schwab. The Motley Fool has a disclosure policy.