U.S. Bank is the fifth-largest bank in the country, and it offers a number of products and services to meet the banking needs of personal and business customers, including wealth management services. If you’re looking for a one-stop-shop for all your money management needs, U.S. Bank could be a good fit. Check out this U.S. Bank review to find out if it’s the best national bank for you.
U.S. Bank Review
U.S. Bank is FDIC-insured and has over 3,000 branch locations, plus nearly 5,000 ATM locations across 25 states. In addition to providing services through its brick and mortar locations, U.S. Bank online banking and mobile banking options through the U.S. Bank app allow you to make deposits with mobile deposit, send money through Zelle, pay bills, and transfer money all from your computer, mobile device or even through a Google Home device. Not only can you bank 24/7 through the U.S. Bank website or app, but you can also call the U.S Bank customer service line at any time for assistance.
U.S. Bank Products and Services
Whether you want to save money, borrow money or invest money, U.S. Bank has a product or service to meet your needs. Here are the details on U.S. Bank’s offerings.
U.S. Bank has seven tiers of checking accounts available and seven savings and money market account options. All monthly maintenance fees can be waived if you meet certain requirements such as minimum balance requirements or multiple accounts, except for the Safe Debit Account. Take a look at the U.S. Bank rates, U.S. Bank fees and requirements for each account:
|U.S. Bank Checking and Savings Accounts|
|U.S. Bank Account||Overview||Fees||Minimum Opening Deposit|
|Silver Checking||Most popular option for combined checking and savings||$6.95 monthly maintenance fee; $2 paper statement fee unless enrolled in eStatements||$25|
|Gold Checking||Comes with extra benefits for U.S. Bank credit card and loan customers||$14.95 monthly maintenance fee||$25|
|Platinum Checking||Top-tier account, with the best rates and perks offered by U.S. Bank||$24.95 monthly maintenance fee||$25|
|Premium Checking||Interest and extra perks, designed for people 65 and older||$10.95 monthly maintenance||$25|
|Easy Checking||Similar to Silver Checking, but no linked account required to waive monthly fee||$6.95 monthly maintenance fee; $2 paper statement fee unless enrolled in eStatements||$25|
|Student Checking||Free checking for students||No monthly maintenance fee; $2 paper statement fee unless enrolled in eStatements||$25|
|Safe Debit Account||No-frills checking account||$4.95 monthly maintenance fee||$25|
|Star Savers Club||Savings account for kids||None||$25|
|Goal Savings||Automatically transfers funds from checking account to savings account||None||$0 with a minimum|
from a U.S. Bank
|Standard Savings||Savings for low balances and first-time savers||$4 monthly maintenance fee||$25|
|Money Market||Competitive, high-yield interest rate with check-writing access||$10 monthly maintenance fee||$100|
|Elite Money Market||Savings for high balances, with tiered interest rates||$10 monthly maintenance fee||$100|
|Package Money Market Savings||Available only to U.S. Bank Silver or Gold Checking Package customers||None||$25|
|Platinum Select Money Market Savings||Available only to U.S. Bank Platinum Checking Package customers||None||$25|
|Information accurate as of July 9, 2018.|
For all accounts, the U.S. Bank overdraft fee is $36 for items above $5.
Find Out: 10 Best Savings Accounts of the Year
Certificates of Deposit
People looking to invest their savings could choose to open a certificate of deposit with U.S. Bank. Here are U.S. Bank’s CD Rates:
|U.S. Bank Certificates of Deposit|
|11 months||$1,000 to $249,999||1.73%||1.75%|
|19 months||$1,000 to $249,999||1.98%||2.00%|
|37 months||$1,000 to $249,999||2.23%||2.25%|
|59 months||$1,000 to $249,999||2.71%||2.75%|
|Information accurate as of July 9, 2018.|
Whether you’re looking for rewards, cash back or low rates, U.S. Bank likely has a credit card for you. Here are the credit card options U.S Bank offers:
- U.S. Bank Altitude Reserve Visa Infinite Card: Exclusively for U.S. Bank customers; earn 3x points per $1 spent for eligible travel and mobile wallet purchases
- U.S. Bank Cash+ Visa Signature Card: Choose your own categories for cash back and earn up to 5 percent cash back
- U.S. Bank Cash 365 American Express Card: Earn unlimited 1.5 percent cash back on all eligible purchases
- U.S. Bank FlexPerks Gold American Express Card: Earn 3x points at restaurants and 2x points at gas stations and airlines
- U.S. Bank FlexPerks Travel Rewards Visa Signature Card: Earn 2x FlexPoints per $1 spent at gas stations, grocery stores or airlines (whichever you spend most on each billing cycle) and 2x FlexPoints from most cell phone service providers
- U.S. Bank Visa Platinum Card: Low rates and introductory 0% APR
Related: Best Cash-Back Credit Cards
Additional Products and Services
U.S. Bank also offers a number of loans including:
- Home refinancing
- Home equity loans
- Auto loans
- Boat loans
- RV loans
- Personal loans
- Personal lines of credit
Additionally, the bank offers investment services including wealth management advisors, automated investing, retirement planning, rollover 401ks and education investment tools.
U.S. Bank Pros and Cons
U.S. Bank’s products and services cover a range of financial needs that go beyond traditional banking. In addition to its variety of checking and savings accounts, the bank has four CD terms available, six credit cards, a range of loan options and investment tools to suit various needs and levels of expertise. Plus, with online and mobile banking, you can take care of your finances at any time from anywhere.
Even though U.S. Bank is considered a national bank, it only has physical locations in 25 states, however. If you do not live near one of the U.S. Bank branch locations, it might not be the best banking option for you if you prefer a brick-and-mortar experience.
Click to see how to get the best U.S. Bank interest rates.
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This content is not provided by the companies mentioned. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone and have not been reviewed, approved, or otherwise endorsed by U.S. Bank. All fees and rates are subject to change at the bank’s discretion.