Would you like to learn about all the features of the U.S. Bank Standard Savings Account? Responsible Economy has analyzed the fees, requirements, yields, and conditions offered by U.S. Bank in their savings account. We have also included a comparison with the top savings accounts available in the United States, along with an explanatory video.
Explanatory video
We’ve created a video that provides a simple summary of all the features of the U.S. Bank Standard Savings Account. If you enjoy our content, please consider supporting us by subscribing to receive daily videos:
Features
In this section, you will find a comprehensive overview of the features of the U.S. Bank Standard Savings Account:
Interest rate
| Daily balance* | APY | Interest rate |
|---|---|---|
| Any Balance | 0.01% | 0.01% |
U.S. Bank Standard Savings Account offers a meager interest rate of 0.01% APY, making it one of the worst accounts for saving.
Fees
This savings account has a monthly fee of $4 unless you meet one of the following requirements:
- Maintain a $300 minimum daily balance
- Keep a $1,000 average monthly collected balance
- Hold the account jointly with an individual age 17 and under
- Open a U.S. Bank Smartly Checking accountand enroll in the Smart Rewards Primary tier or above
Minimum deposit
The minimum initial deposit is $25.
ATMs
U.S.Bank is one of the banks with the most branches and offices in the United States.
Deposit funds
You can deposit funds into the U.S. Bank Standard Savings Account by making bank transfers or you can also mail a check.
Best savings accounts 2023
We have compared the U.S. Bank Standard Savings Account with the best savings accounts available in the United States. We highlight the key characteristics of each savings account.
- 4.05% APY
- Minimum deposit: $100
- No welcome bonus
- Member FDIC
- 4.30% APY
- Minimum deposit: $0
- Welcome bonus: $100
- Member FDIC
- 4.35% APY
- Minimum deposit: $0
- No welcome bonus
- Member FDIC
- 4.50% APY
- Minimum deposit: $0
- Welcome bonus: $250
- Member FDIC
- 4.35% APY
- Minimum deposit: $0
- No welcome bonus
- Member FDIC
- 4.30% APY
- Minimum deposit: $0
- Member FDIC
- No welcome bonus
- 4.30 APY
- Minimum deposit: $0
- No welcome bonus
- Member FDIC
Video with the best savings accounts
We also have made a video with the best savings accounts:
Pros and cons
Now that we’ve covered all the features of the U.S. Bank Standard Savings Account and analyzed the main characteristics of the top savings accounts, let’s take a look at a table summarizing the advantages and disadvantages:
| Pros | Cons |
|---|---|
| High number of branches and ATMs | Minimum balance of $125 |
| Interest rate 0.01% APY | |
Requirements
Opening a savings account is simple, as long as you meet the following requirements:
- Must be over 18 years old
- Live in the United States
- Have an American phone
Documentation
You may also be asked to provide the following documentation:
- Certified copy of identity document (for each applicant): in most cases this will be your current, valid passport although some other types of ID are acceptable.
- Certified copy or original proof of address (for each applicant): your proof of address will normally be a bank or building society statement or a utility bill.
- Your signed Client Agreement.
Frequent questions
Here we answer all the questions you may have:
Conclusions and opinions
After conducting the review, our opinion is that U.S. Bank Standard Savings Account is not a competitive account due to its low 0.01% APY. This interest rate makes it one of the worst savings accounts in the United States.
Interesting information about U.S. Bank
We have created a table with relevant information about U.S. Bank:
| Information | Description |
|---|---|
| Website | https://www.usbank.com/ |
| https://www.facebook.com/usbank/ | |
| https://twitter.com/usbank | |
| https://www.instagram.com/usbank/ |
Other U.S. Bank products
We’ve also provided a list of all the U.S. Bank products we have analyzed:
Related content
Finally you have a related posts about savings account:
High Yield Money Market Investment Account
Do you want to see a comprehensive analysis of Comerica’s High Yield Money Market Investment…
Comerica Money Market Investment Account
Do you want to see a comprehensive analysis of Comerica’s Money Market Investment Account? At…
Comerica Statement Savings Account
Do you want to see a comprehensive analysis of Comerica’s Statement Savings Account? At Responsible…
Do you want to learn about all the savings accounts offered by Comerica? At Responsible…
Do you want to learn about all the savings accounts offered by PNC Bank and…
BMO Premier Money Market account
Would you like to learn about all the features of the BMO Premier Money Market…
Would you like to learn about all the features of the BMO Savings Builder Account?…
Do you want to learn about all the savings accounts you can open with BMO?…
Would you like to learn about all the features of the M1savings account? Responsible Economy…
Updated the day 1 September, 2023 by Alfredo Barandiarán
- Best secured business credit cards - 15 September, 2023
- How to Apply for a Secured Credit Card - 15 September, 2023
- Secured Business credit cards - 13 September, 2023
