Explore all savings accounts is sponsored by U.S. Bank Foundation. Explore all savings accounts

Open a savings account | U.S. Bank U.S. Bank doesn't offer checking or savings accounts in your area. To help you meet your financial goals, please consider other U.S. Bank products. If you are an active duty military member, please call 844.

395. 5441. </p> Savings accounts are a quick and easy way to start saving for something special.

U.S. Bank Smartly® Savings is our relationship savings account with competitive interest rates that grow as your balances grow. Unlock higher interest rates and better benefits when you add a Bank Smartly Checking or other eligible account.

1 Open a Bank Smartly Savings account U.S. BANK SMARTLY® SAVINGS when you are an account owner of a U.S. Bank Smartly® Checking account, Safe Debit account, or U.S. Bank Smartly™ Visa Signature® Card and a Combined Qualifying Balance (CQB) of at least . 1 APYs may vary by location and are accurate for accounts opened on today's date.

U.S. BANK SMARTLY® SAVINGS when you are an account owner of a U.S. Bank Smartly® Checking account, Safe Debit account, or U.S. Bank Smartly™ Visa Signature® Card and a Combined Qualifying Balance (CQB) of at least . 1 APYs may vary by location and are accurate for accounts opened on today's date.

Compare U.S. Bank savings accounts Bank Smartly Savings Account Competitive standard interest rates across all balance levels Higher annual percentage yield when paired with Bank Smartly Checking or other eligible products Easy access to funds and digital budgeting tools when you are an account owner of a Bank Smartly Checking , Safe Debit account , or Bank Smartly™ Visa Signature® Card and a CQB of at least $25,000.

1 APYs may vary by location and are accurate for accounts opened on today's date. Want to see how relationship rates grow? Consider your initial deposit, add up all your U.S. Bank qualifying balances and check out all the rates .

See how to waive the fee . 2 Learn about our Bank Smartly Savings account Elite Money Market Account Greater interest-earning power Benefits similar to a checking account Easily access funds when you need them when you deposit at least $25,000 into a new Elite Money Market account or an existing account that was opened within the last 30 days. 3 APYs may vary by location.

See how to waive the fee . 5 Learn about our Elite Money Market account Are you a U.S. Bank savings account holder but don’t have Bank Smartly Savings? Check your account statements or online/mobile banking to see how your rates compare.

Learn about Bank Smartly Savings Benefits of U.S. Bank savings accounts Save smarter with fewer fees, easy access to cash, account protection and secure digital tools. Save more with multiple ways to waive account maintenance fees. Your U.S. Bank savings accounts are FDIC insured to the maximum allowed by law.

Withdraw or transfer funds at thousands of U.S. Bank branches and ATMs. 6 Manage your savings anytime, anywhere with mobile and online banking access . Dedicated accounts for each goal Open separate savings accounts for emergencies, a home down payment, travel, or other purposes.

Goal-tracking tools built in Set savings targets, monitor your progress, and reach your goals faster. More U.S. Bank savings account options Grow your savings with a certificate of deposit (CD). CDs may offer higher interest rates than traditional savings accounts in exchange for leaving your money untouched for an agreed upon time.

They can be a good choice if you have some money in savings that you’re unlikely to need right away. Minimum opening deposit: $500 up to a maximum of $250,000 Resources: Learn about CDs and see rates. Financial IQ quick tip: Learn how CDs grow your money , when to consider one and what your options are.

Save smarter for retirement. Open a Retirement Money Market account and build out a retirement plan 7 that helps you: Diversify your retirement portfolio 7 Earn interest on your balances No monthly maintenance fees. This account requires an individual retirement account plan.

7 $100 or just $25 with an automatic monthly deposit Learn more about retirement money market accounts or apply in a branch . How to open a U.S. Bank savings account online in 3 simple steps Apply online: You can quickly and easily open a Bank Smartly® Savings account or an Elite Money Market account online or using our mobile app. So simple you'll have a savings account in minutes.

Add money to your account: A minimum deposit of $25 for a Bank Smartly® Savings account or $100 for an Elite Money Market account is all it takes to get started. Maximize your savings: Link your savings account to another U.S. Bank account and accelerate your savings strategy by setting up recurring transfers. Rather open an account in-person?

Make an appointment at any of our more than 2,000 branches Common questions about savings accounts. What is a savings account? A savings account is a type of bank account that allows you to safely save money while earning interest.

Savings can come in the form of a relationship savings account , a money market account or a certificate of deposit (CD) . How do savings accounts work? When you deposit money and leave it in a savings account, it will accrue interest over time.

You agree to let the bank keep your money for a while (sometimes a set amount of time, as with a CD, and sometimes indefinitely, as with a savings account). In return, the bank gives you a percentage of interest on that cash. Can I open a savings account online?

Yes, you can easily open a Bank Smartly Savings account or Elite Money Market account in minutes online. How many savings accounts should I have? When it comes to savings accounts, there is no one-size-fits-all approach.

Multiple savings accounts can make budgeting easier, which is one reason banks offer accounts with varying fees, interest rates and benefits. But whether that works for you depends on your unique financial needs, values and goals. Consider your financial habits and future plans to determine the number of accounts that make sense for you.

Which savings account earns the most money? Relationship savings accounts have recently surged in popularity as they give you interest rates that can be comparable to CDs and money market accounts. In addition to competitive starting rates, the interest rate on a Bank Smartly Savings account gets bumped up as you add a Bank Smartly Checking account , Safe Debit account or Bank Smartly™ Visa Signature® Card .

Additionally, the savings interest rate increases even more as your CQB grows. The following products offered by U.S. Bank and, its affiliates, are eligible for inclusion in your CQB: Consumer checking, money market, savings, Certificate of Deposits (CDs), and/or Individual Retirement Accounts (IRAs) Personal Trust accounts 8 U.S. Bancorp Advisors 9 10 brokerage accounts Note: Business and commercial products are never eligible.

Qualified Balance: Funds on deposit in an eligible product where you have an ownership interest are counted towards your CQB. Examples of eligible customer to account relationship types include, but are not limited to: Individual owner, joint owner, primary non-signer. Conversely, funds on deposit in an eligible product that do not grant ownership interest, are not counted towards your CQB.

Examples of ineligible customer to account relationship types include, but are not limited to: Trustee (IFI) 11 , Grantor (GRT) 12 , all Irrevocable Trust roles, Payable on Death, Representative Payee, Guardian. What is a relationship savings account? Like a traditional savings account, a relationship account is a place where you can safely store your money while earning interest.

However, relationship savings accounts often offer better benefits when you meet certain conditions at the same bank. The conditions typically strengthen your relationship with the bank. How does interest work on a savings account?

In exchange for keeping money in your savings account, you earn a financial return on your deposit, known as interest. It gets calculated as a percentage of the balance you maintain in the account. So, if you have $1,000 in your savings account and the interest rate is 2.

00% annually, you’d accrue $20 of interest in a year. Will I lose interest if I withdraw from a savings account? You don't lose interest when you withdraw money from a traditional savings account, but that money won't continue to earn interest.

The same is true of high-yield, money market and online savings accounts. Start on the path to financial success. Teach kids about money smarts with a joint account Help your child learn about saving, budgeting, and spending responsibly with Bank Smartly Checking accounts, the Greenlight app and all the benefits for Youth ages 13 through 17.

Teach kids about money smarts with a joint account. See how a U.S. Bank Smartly® Checking account, the Greenlight app and all the special benefits for Youth ages 13 through 17 can help them learn about saving, budgeting and spending responsibly. Learn about opening a minor account Build a strong foundation with your first account.

Establishing your own bank account can help keep you on the path to future success. Start building good money habits by opening your own bank account with special benefits for Young Adults 18-24. Build a strong foundation with your first account.

Establishing your own bank account can help keep you on the path to future success. Learn about U.S. Bank Smartly® Checking and the special rewards available to Young Adults ages 18 through 24. Learn about accounts for Young Adults Explore helpful tips on smarter ways to save.

Find answers to questions about savings accounts or brush up on other financial topics. Discover habits that can help you save long-term. Savings account interest rates: Myths vs. facts Read up on common misconceptions about saving.

Checking and savings smarts: Make your accounts work harder for you Learn which type of account to open when trying to achieve your financial goals. Enroll in mobile & online banking Start of disclosure content Investment and insurance products and services including annuities are: Not a deposit • Not FDIC insured • May lose value • Not bank guaranteed • Not insured by any federal government agency.

U.S. Bank is not responsible for and does not guarantee the products, services or performance of U.S. Bancorp Advisors. U.S. Bank, U.S. Bancorp Advisors and their representatives do not provide tax or legal advice. Your tax and financial situation are unique.

You should consult your tax and/or legal advisor for advice and information concerning your particular situation. Start of disclosure content Return to content, Footnote Today’s interest rates and APYs for the U.S. Bank Smartly Savings account, including the interest rate bump, are variable, determined at the bank’s discretion, and can change at any time, including after the account is opened.

Today’s interest rates and APYs, including the rate bump, are accurate as of today’s date. A minimum opening deposit of $25 is required to open. Eligibility for an interest rate bump: An interest rate bump is applied to a U.S. Bank Smartly® Savings account when at least one account holder maintains a valid and in-good-standing eligible product.

U.S. Bank Smartly Savings accounts without a qualified and eligible associated denoted product will not receive an interest rate bump. The interest rate bump will vary based on Combined Qualifying Balances (CQB).

One of the following eligible and in-good-standing products must be maintained: U.S. Bank Smartly® Checking U.S. Bank Smartly™ Visa Signature® Card What eligible products are included in your CQB: The following products offered by U.S. Bank and its affiliates are eligible for inclusion in your CQB: Consumer checking, money market, savings, Certificate of Deposits (CDs), and/or Individual Retirement Accounts (IRAs) U.S. Bancorp Advisors brokerage accounts Note: Business and commercial products are never eligible.

Qualified Balance: Funds on deposit in an eligible product, where you have ownership interest, are counted towards your CQB. Examples of eligible customer to account relationship types, include, but are not limited to: Individual owner, joint owner, principal non-signer. Conversely, funds on deposit in an eligible product that do not grant ownership interest, are not counted towards your CQB.

Examples of ineligible customer to account relationship types, include, but are not limited to: Trustee (IFI), Grantor (GRT), all Irrevocable Trust roles, Payable on Death, Representative Payee, Guardian. How is your CQB calculated: For jointly owned U.S. Bank Smartly Savings accounts, each owner’s qualifying balances will be reviewed.

The interest rate bump and balance range information will be visible to all owners on the joint account. There are two CQB calculations completed for every customer.

Monthly – Upon the opening of your first account, and thereafter at the beginning of each calendar month, your historical average CQB is calculated by summing all available previous days qualified balances and dividing by the number of days since the first eligible product was opened (90 calendar day maximum). Daily – Each day your CQB is calculated by totaling your end of day qualified balance on deposit in an eligible product .

How is your Smartly Interest Rate Bump Tier determined: After the eligible product verification is completed, on the next business day we will determine your Smartly Interest Rate Bump Tier. Your tier is based on the better of your daily or monthly CQB calculation. Once a tier has been assigned to you, it will not be downgraded for the remainder of that calendar month.

However, at any point during a calendar month, you may receive a tier upgrade based upon your daily CQB. Assignment of an initial tier, monthly tier upgrade or downgrade, and/or daily tier upgrades generally are applied within five business days. For your individual accounts, your interest rate bump tier will be your tier (as described above).

For joint accounts, the tier is assigned the highest tier associated with any account owner, if applicable. From there, within five business days, the interest rate bump is added to the standard interest rate to calculate the interest rate that will be applied to the entire account balance in the eligible U.S. Bank Smartly Savings account.

If the U.S. Bank Smartly Savings account is closed, the interest rate bump will cease immediately, and accrued interest will not be paid. If the required eligible product (U.S. Bank Smartly Checking, Safe Debit account or a U.S. Bank Smartly™ Visa Signature® Card) is closed but the U.S. Bank Smartly Savings account remains open, eligibility to receive an interest rate bump will remain valid until the end of the calendar month.

Changes in the ownership structure of your U.S. Bank Smartly Savings account or the required eligible product may result in immediate loss of the interest rate bump. Balance and interest information: You must maintain the minimum balance needed for each tier in order to earn the Annual Percentage Yield (APY) disclosed. All rates and APYs are subject to change after the account is opened.

Fees could reduce earnings on the account. Interest rates currently offered on applicable deposit accounts are determined at the bank's discretion and may change daily. The daily balance is the balance at the end of each business day, equal to the beginning balance for that day plus the current business day credits, minus the current business day debits.

Business days are Monday through Friday; federal holidays are not included. We use the daily balance method to calculate interest on all deposit accounts. This method applies a daily periodic rate to the principal in the account each day.

Interest on your check deposit begins to accrue on the business day we receive credit for your applicable deposit accounts. Interest will be compounded daily and credited to your account monthly for all savings accounts, except Standard Savings, which is paid quarterly. If you close your account before interest is credited, you will not receive the accrued interest.

Bank Smartly Savings account Monthly Maintenance Fee: The $5 monthly maintenance fee is waived when you are an owner of a Bank Smartly® Checking, Safe Debit account, Bank Smartly™ Visa Signature® Card, or for accounts with a minor under the age of 18.

All interest rates and APYs for the U.S. Bank Elite Money Market account are determined at the bank’s discretion and are subject to change at any time, including after the account is opened, regardless of account balance. Fees will reduce your eligible balance, and deposits are needed to cover these fees to maintain the daily balance for this rate offer.

How to obtain the rate: This rate is valid on new U.S. Bank Elite Money Market accounts for clients who do not have any existing consumer savings or money market account or for clients with any existing consumer savings or money market account that has been open for less than 30 days. This rate is not valid for clients with any consumer savings or money market account closed within the last 30 days.

Get the Annual Percentage Yield (APY) as noted above by depositing at least $25,000 within 30 days of account opening. A minimum opening deposit of $100 is required to open. If you do not deposit $25,000 within 30 days, the standard interest rate will be applied.

How to maintain the rate: Deposit at least $25,000 within 30 days of account opening and maintain a minimum daily balance of at least $25,000 each day thereafter. If the account balance falls below $25,000 the standard interest rate will be applied until the account balance is at or above $25,000 again. The standard interest rate balance tiers and APYs are accurate as of today's date: Under $10,000: 0.

01%; $10,000 to $24,999. 99: 0. 01%; $25,000 to $49,999.

99: 0. 05%; $50,000 to $99,999. 99: 0.

05%; $100,000 to $499,999. 99: 0. 05%; $500,000 and above: 0.

05%. Interest information: You must maintain the minimum daily balance needed for each tier in order to earn the Annual Percentage Yield (APY) disclosed. Interest will be compounded daily and credited to your account monthly.

We use the daily balance method to calculate interest on all deposit accounts. This method applies a daily periodic rate to the principal in the account each day. Interest on your check deposit begins to accrue on the business day we receive credit for this account.

If you close your account before interest is credited you will not receive the accrued interest. Fees could reduce earnings on the account. Other restrictions may apply.

Variable rate account – The interest rates and Annual Percentage Yields (APYs) are variable, determined at the bank’s discretion and can change at any time, including after the account is opened. Speak to a banker for current deposit rates, disclosures on rates, compounding and crediting, and other balance information.

The daily balance is the balance at the end of each business day, equal to the beginning balance for that day plus the current business day credits, minus the current business day debits. Business days are Monday through Friday; federal holidays are not included. ATM Transaction Fee .

U.S. Bank will assess this fee for each ATM Transaction conducted at the Non-U.S. Bank ATM. This means that you may be charged more than one ATM Transaction fee at a Non-U.S. Bank ATM during a single ATM session. Non-U.S. Bank ATMs are defined as any ATM that does not display the U.S. Bank logo in any manner, physically on the ATM or digitally on the screen.

ATM Surcharge . Non-U.S. Bank ATM owners may apply a surcharge fee on ATM transactions at their ATMs. U.S. Bank participates in MoneyPass®, an ATM surcharge free network.

To find MoneyPass ATM locations, select “visit the MoneyPass locator” at the bottom of our ATM locator search results to be taken to the MoneyPass website. If you use an ATM that uses the MoneyPass® Network and are charged a surcharge fee, please call us at 800-USBANKS (872-2657) for a refund of the surcharge fee. However, a Non-U.S. Bank ATM Transaction Fee may be assessed on transactions at a MoneyPass ATM.

Please refer to the Consumer Pricing Information (PDF) disclosure section titled Miscellaneous Checking, Savings or Money Market Fees for a summary of ATM transaction fees. This account requires an individual retirement account plan. Retirement Money Market accounts are only available at U.S. Bank branches.

Personal Trust IRAs are excluded. Personal Trust account balances are the current account balance as of close of the prior day for eligible trust account types that are held for your benefit: IRAs, Agency accounts, Revocable Trust accounts and Custody accounts.

For U.S. Bancorp Advisors: Brokerage and investment advisory products and services are offered by U.S. Bancorp Advisors, LLC, an SEC-registered broker-dealer, investment adviser, member FINRA / SIPC , and subsidiary of U.S. Bancorp and affiliate of U.S. Bank, N. A. Insurance services are offered by USBA Insurance Services, a dba of U.S. Bancorp Advisors, having a California domicile and principal place of business at 800 N.

Brand Blvd. , 16th Floor, Glendale, CA 91203, CA Insurance License #6011694. Products may not be available in all states.

U.S. Bank Smartly Savings qualifying balance information includes affiliated U.S. Bancorp Advisors (USBA) components, which is being translated for your convenience. USBA offers its products only in English and may not be able to offer certain products in a particular foreign language. Trustee (IFI) - The person(s) or entity are serving in the capacity of trustee(s) but are not grantor(s).

The trustee typically manages the assets of the trust account and distributes property according to the terms of the trust document. The IFI description applies to deposit accounts at U.S. Bank. Grantor (GRT) - The individual(s) who created the trust.

Grantors may also be referred to as the settlor or trustor. Grantors may also serve as the trustee(s) of the trust. The GRT description applies to deposit accounts at U.S. Bank.

Start of disclosure content Deposit products are offered by U.S. Bank National Association. Member FDIC.