U.S. Bank CD Rates and Terms for 2025

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U.S. Bank offers its customers a few different certificates of deposit (CDs) to choose from, each featuring different terms and rates. Its standard CDs require a minimum deposit of $500 and are available in several terms.

See if U.S. Bank CD rates are worth it for you.

U.S. Bank Standard CD Rates 

U.S. Bank CD Special Rates

U.S. Bank’s CD Specials require a minimum deposit of $1,000 and feature higher interest rates.

Here’s a look:

U.S. Bank Step Up and Trade Up CD Rates

U.S. Bank also offers two rising-rate CDs — Step Up and Trade Up. These options require a $1,000 minimum deposit and allow for increased interest rates during their initial terms.

The Step Up CD begins with a lower APY and increases the rate every seven months, while the Trade Up CD offers a one-time rate increase if a better rate becomes available during your term.

U.S Bank Step Up CD Rates

U.S. Bank Trade Up CD Rates

Types of CDs Offered by U.S. Bank

U.S. Bank offers several types of CDs so customers can have the option to choose what’s best for them. Here’s an overview of the different types of U.S. Bank CDs. 

Standard CDs

A standard CD is found at most financial institutions. It typically has a fixed rate for a fixed term.

Usually, you would not touch the funds until the maturity date. If you do need access to your funds, you’ll incur an early withdrawal penalty.

Jumbo CDs

A jumbo CD requires a large minimum deposit of $100,000 or more. It earns more interest than a standard CD. 

Step-Up CDs

With a step-up CD, the bank or financial institution will typically raise the interest rate at least once before the term ends. You’ll get the benefit of a rate increase without having to shift funds to another bank or investment account. It’s a guaranteed rate increase before the end of the term. 

Bump-Up CDs

This CD allows the account holder to request an interest rate increase — or “bump up” during the CD’s term if the bank raises rates for similar CDs.

How U.S. Bank CD Rates Compare to Other Banks

Standard CD rates vary widely by bank. Here’s an overview of how U.S. Bank stacks up against similar banks.

U.S. Bank vs. Chase

Chase CDs have longer terms than U.S. Bank. Customers can fund Chase CDs that have a 10-year term, while U.S. Bank’s longest CD term is five years. However, Chase has a large bank network and individuals who prefer in-person transactions can walk into a branch and open a CD. Chase’s APYs are lower than what U.S. Bank offers.

U.S. Bank vs. Wells Fargo

Wells Fargo requires no minimum deposit on standard CDs, Special Fixed Rate CDs come with a $5,000 minimum. Rates go up to . In comparison, U.S. Bank has a lower minimum deposit requirement and the APYs on standard CDs are significantly lower.

U.S. Bank vs. Ally

Ally Bank also has $0 minimum deposit for its CDs. APYs range up to , which is close to U.S. Bank’s promotional rate. Ally Bank is also online only, which may not appeal to customers who prefer in-person banking.

CD Comparison

SELECTED BANK

3.2

GBR RatingGOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.

U.S. Bank CD Accounts

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MOST COMPARABLE

3.2

GBR RatingGOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.

Chase CD Accounts

Read Review

MOST COMPARABLE

3.3

GBR RatingGOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.

Wells Fargo CD Account

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MOST COMPARABLE

4.9

GBR RatingGOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.

Ally Bank CD Rates

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Fees

Fees

Fees

Fees

No monthly service fee

No monthly service fee

Early withdrawal penalty may apply

No monthly service fee

APY

APY

APY

APY

Up to

Up to

Up to

Up to

Min Opening

Min Opening

Min Opening

Min Opening

$500

$1,000

$2,500 to $5,000

$0

How To Open a U.S. Bank CD Account

Opening a U.S. Bank CD account is relatively easy. You can open a CD online, over the phone or in person. Here’s a step-by-step guide to opening a U.S. Bank CD: 

1. Visit U.S. Bank’s website to determine which CD you would like to open.
2. Once you decide on the CD type and term length, you will need to provide identification. Identification includes a government-issued ID like a passport or driver’s license. 
3. If you decide to apply online, click on the U.S. Bank CD page, choose the term and fill out the application. 
4. You will need to fund your CD with your U.S. Bank account or an external account. 
5. Review the terms and conditions, then confirm the purchase. 

Eligibility Requirements

If you feel like a U.S. Bank CD is a good fit for you, you will need to meet these eligibility requirements:

• Age: You must be 18 years or older.
• Residency requirement: You must provide a valid address in the U.S.
• Identification: A valid government ID must be provided in the form of a passport or state-issued ID. You must also present your Social Security number. 
• Minimum deposit: To open the CD at U.S. Bank, a minimum deposit of $500 must be provided. 

Pros and Cons of U.S. Bank CDs

U.S. Bank’s CDs are a great fit for people who are interested in short-term CDs, because the terms start at just one month. Most banks offer terms beginning with six months or more. Its variety of terms also makes U.S. Bank ideal for a CD ladder.

As with all financial products, CDs have various pros and cons. Before deciding to put your money in an account, it’s helpful to weigh the advantages and disadvantages as they apply to your needs.

Pros

• Competitive rates on promotional CDs
• Online applications are available.
• $500 minimum deposit for standard CDs
• Ability to earn extra interest with Step Up and Trade Up CD options

Cons

• Rates on special and standard CDs are good for the initial term only
• Low interest rates for a standard CD
• Promotional CD rates vary by location

U.S. Bank CD Account Features and Benefits

If the U.S. Bank CD seems appealing, here are some account features that may convince you to make the move to invest: 

• Minimum deposit: A modest minimum deposit of $500 is required.
• FDIC insurance protection: Funds are FDIC-insured. 
• Term options: Term options are available from one month to five years. 
• Fixed interest rate: Guaranteed rates for the term.

Alternatives to U.S. Bank CDs

If you’re not quite ready to invest funds into a CD, there are other ways to grow your money. Here are some alternatives to U.S. Bank CDs: 

High-Yield Savings Accounts

Those who want access to cash regularly, but also want to earn interest on their funds, should consider a high-yield savings account. APYs tend to be more competitive than standard savings accounts. 

Money Market Accounts

A money market account is ideal for those looking for higher APYs than a standard savings account. Money market accounts are for those who still want access to cash and moderate returns. There are no penalties for early withdrawals, unlike a CD. 

Other Short-Term Investment Options to Consider

You can also consider short-term treasury bonds, which are backed by the U.S. government. ETFs and dividend stocks are also options. 

Is a U.S. Bank CD for You?

When considering U.S. Bank CD rates, it might be worth your while to take advantage of the higher interest rates offered by the promotional CDs. The Step Up and Trade Up CDs also let you earn extra interest. If you’re looking to start with a low minimum deposit and open a short-term CD, then U.S. Bank is a good choice.

However, U.S. Bank probably isn’t a good choice if you want a standard CD with no minimum deposit and a high APY. Similarly, U.S. Bank might not be right for you if you want to stick with one bank for your CDs longer term — its promotional rates are competitive, but the regular rates are underwhelming.

More About U.S. Bank

• U.S. Bank Review
• U.S. Bank Routing Number
• U.S. Bank Promotions
• U.S. Bank’s Hours

Cynthia Measom contributed to the reporting for this article.

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Sept. 18, 2025.

Rates may vary by region. To verify rates in your area, check the issuer’s website for details.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

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