U.S. Bank vs. Chase: Which Is Best for You?
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U.S. Bank and Chase offer similar benefits, such as multiple account offerings and extensive ATM and branch networks. But which is best for you? To help you decide, we compared them side by side.
Snapshot comparison
U.S. Bank | Chase | |
Checking accounts | U.S. Bank Easy Checking
| Chase Total Checking®
|
Savings accounts | U.S. Bank Standard Savings
| Chase Savings℠
|
Certificates of deposit | U.S. Bank Certificate of Deposit
| Chase CD interest rates
|
Overdrafts, ATMs, customer service | ||
Choose Chase if:
You're looking for checking accounts with easy ways to waive monthly fees.
Choose U.S. Bank if:
You can take advantage of CDs that have lower deposit requirements and earn more interest than Chase's CDs.
Or go with an alternative
Unlike these brick-and-mortars, online banks don’t have thousands of branches. But they do have excellent annual percentage yields (APYs) that make your savings grow faster. And fees tend to be low or nonexistent.
» Want to know more? Check out NerdWallet's best high-yield online savings accounts and top online checking accounts
U.S. Bank vs. Chase: Basic checking accounts
U.S. Bank Easy Checking | Chase Total Checking® | |
---|---|---|
Monthly fee | $8.95 ($6.95 if you opt for online statements). | $12. |
Minimum deposit to open | $25. | $0. |
APY | None. | None. |
ATM fees and network |
|
|
Sign-up bonus | None. | $200 (expires 4/14/2021); our bonuses roundup explains how to qualify. |
» See more options on our list of best checking accounts
U.S. Bank vs. Chase: Basic savings accounts
U.S. Bank Standard Savings | Chase Savings℠ | |
---|---|---|
APY | 0.01% APY. | 0.01% (effective 9/14/20; rates are variable and subject to change). |
Monthly fees | $4. | $5. |
Minimum deposit to open | $25. | $0. |
Sign-up bonus | N/A |
|
» Looking for higher rates? Explore NerdWallet's list of top online savings accounts
U.S. Bank vs. Chase: Certificates of deposit
U.S. Bank | Chase | |
---|---|---|
1-Year APY | 0.10%. | 0.01%. |
3-Year APY | 0.20%. | 0.01%. |
5-Year APY | 0.35%. | 0.01%. |
Minimum deposit to open. | $500. | $1,000. |
Rates may vary by location. |
» To compare, see the latest top CD rates
U.S. Bank vs. Chase: Banking experience
U.S. Bank | Chase | |
---|---|---|
Branches | Over 3,000. | More than 4,700. |
Banking apps (ratings from app store users) |
|
|
Customer service |
|
|
U.S. Bank vs. Chase: Overdraft fees
U.S. Bank | Chase | |
---|---|---|
Overdraft fee | $36, maximum of four per day. | $34, maximum of three per day. |
Overdraft protection transfer fee | $12.50 per day. | $0. |
Extended overdraft fee | $25 per week, beginning on the eighth consecutive calendar day with a negative balance. | $0. |
Chase has an edge
Chase has more to offer thanks to slightly easier ways to waive its basic checking account fee. But U.S. Bank might be better if CD rates factor into your decision. If you’re looking to save money at high rates, consider shopping around at credit unions and online banks.
» To see more options, see what other national banks have to offer.