at U.S. Bank,

Member, FDIC

Pros

More than 3,000 branches in 26 states.
Promotional CDs with rates starting at 1.75% APY; rates vary depending on your location.

Cons

0.01% APY on standard savings account; better rates available elsewhere.

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Overall

3.0

It’s no secret that big banks sometimes charge high fees and offer low interest rates. U.S. Bank, the country’s fifth-largest by assets, is no exception. But what this institution does well is provide convenient access to thousands of physical branches and ATMs.

 

Ratings methodology | Updated December 5, 2018

Checking

3.5

U.S. Bank offers seven types of checking accounts, from a basic account to options for students and people who exclusively use debit cards instead of checks, as well as an interest-bearing account for seniors. There are also silver and gold packages designed for those who have other accounts at the bank, and an additional interest-earning account.

 

The basic account is Easy Checking. It has a monthly fee of $8.95, or $6.95 if you opt for online statements. To get the charge waived, make monthly direct deposits of at least $1,000 total or maintain an average account balance of $1,500.

 

U.S. Bank offers free access to more than 4,700 U.S. Bank ATMs nationwide. But if you go outside of the network, the bank charges a $2.50 transaction fee, in addition to whatever the ATM’s owner may charge (unless it’s a MoneyPass ATM, in which case there’s no surcharge from the ATM operator).

Standard Savings Account
APY
0.01%
Min. balance for APY
$1

at U.S. Bank,

Member, FDIC

Certificate of Deposit
APY
0.10%
Min. balance for APY
$10,000
Length of term
1 year

at U.S. Bank,

Member, FDIC

Easy Checking
APY
Monthly fee
$8.95
Balance to waive monthly fee
$1,500

at U.S. Bank,

Member, FDIC

NerdWallet reviews are the result of independent research by our editorial team while accountholder reviews are contributions from independent users not affiliated with NerdWallet. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
RipOff
They deduct money at will for unnecessary charges. And they never return it. Doesn’t make any sense. They are stealing from customers
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Covid19
In the midst of the covid 19 crisis I was furloughed from my construction job. I contacted us bank to see if I could defer my $1400+ mortgage payment until I hopefully go back to work. I was told I could for 180 days.......... BUT NOT TOLD AFTER THE 180 days I WOULD HAVE TO MAKE THE TOTAL OF MISSED PAYMENTS IN ONE LUMP SUM!!!!!! Are you kidding me!!!!! So after being off work .... which equals NO INCOME!!!!! I have to come up with $8700 at once, again with no income for the past six months!!! How does this institution think at a time like this they are helping us instead of screwing us? Oh I forgot to mention that if you are not able to pay the lump sum us bank offers another loan to make the payment???????? Another loan?????? On top of the one I am struggling to pay through all of this???? COME ON US BANK!!!!!!! SERIOUSLY?????STAY FAR AWAY FROM US BANK!!!!!
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