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Check out today's rates.

See how today's savings interest rates may increase as your Combined Qualifying Balance (CQB) grows. The displayed annual percentage yield (APY) and interest rates are effective as of currentdate  for ZIP code currentZipCode 1(Edit ZIP code) and are accurate for accounts opened on today's date. Restircitons apply.1

 

If you have an existing U.S. Bank Smartly Savings account, the advertised rates on the rate sheet may not apply. Log in to online banking or the U.S. Bank Mobile to view your personalized account interest rate and interest rate bump.

Take our rates for a test run.

Calculate today's savings interest rates and see how total rates may increase as your CQB grows. Your options update according to the information you provide. The displayed annual percentage yield (APY) and interest rates are effective as of for ZIP code currentZipCode (Edit ZIP code) and are accurate for accounts opened on today's date. Restrictions apply.1

 

Select your answers and calculate your rate to see how your savings rate grows.

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YOUR ESTIMATED SAVINGS INTEREST RATE

Annual percentage yield (APY):

Your effective APY takes into account compounding interest based on daily account balances, your average monthly account balances, and your total savings interest rate.1

Standard interest rate

Interest rate bump

Your total savings interest rate

Open an account

The APY and interest rates are effective as of  for ZIP code currentZipCode (Edit ZIP code) and are accurate for accounts opened on today's date. Restricitons apply.1

 

The Bank Smartly® Savings account gives you better benefits right from the start.

A waiver of the $5 Monthly Maintenance Fee when you are an owner of an eligible account2

$0 ATM transaction and surcharge fees at U.S. Bank ATMs3

Option to set up recurring transfers to help you grow your balances automatically

Access to free account e‑statements online anytime

$0 overdraft protection transfer fees when a U.S. Bank checking account is linked with a Bank Smartly® Savings account or another eligible deposit product4

Ability to set up email or text account alerts and notifications5

Frequently asked questions

Bank Smartly® Savings accounts start with a competitive standard interest rate based on your savings account balance. Then, when you have a Bank Smartly® Checking, Safe Debit or other eligible account, you can enjoy relationship rates. Relationship rates are calculated by adding a variable interest rate bump to your standard interest rate. The rate bump will vary based on your Combined Qualifying Balances (CQB).

The following products offered by U.S. Bank and its affiliates are eligible for inclusion in your CQB:

  • All consumer checking, money market, savings, Certificate of Deposits (CDs), and/or Individual Retirement Accounts (IRAs)
  • Personal Trust accounts6
  • U.S. Bancorp Advisors brokerage accounts7

Note: Business and commercial products are not eligible for inclusion.

Qualified balances: Funds deposited in an eligible product where you maintain ownership interest are considered towards your CQB.

  • Examples of eligible relationship types, include, but are not limited to: Individual owner, joint owner, principal non-signer.

Non-Qualified balances: Funds deposited without an ownership interest do not count towards your CQB.

  • Examples of ineligible relationship types, include, but are not limited to: Trustee (IFI)8, Grantor (GRT)9, all Irrevocable Trust roles, Payable on Death, Representative Payee, Guardian.

The interest rate determines how much the bank will pay you. On the other hand, the APY takes into account the compounding interest on your deposit to give you a clearer picture of how much youll earn in a year.

Interest rates for savings accounts are typically variable and determined at the bank's discretion. This means they can change at any time and are often adjusted based on a variety of factors, including market conditions.

For example, when the Federal Reserve adjusts interest rates, your savings account rate may change. Bank Smartly Savings accounts feature variable rates that also adjust based on your total relationship balances, giving you the flexibility to manage your money wisely.

Depending on the bank, a high-yield savings account may be covered by FDIC insurance. These savings accounts are less risky than stocks, bonds, ETFs and other market-sensitive investments. As with all U.S. Bank checking and savings accounts, the money in our high-yield savings accounts is insured by the FDIC up to the maximum allowable: $250,000. The standard insurance amount is $250,000 per depositor, for each deposit insurance ownership category.10

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Disclosures

Investment and insurance products and services including annuities are:
Not a deposit • Not FDIC insured • May lose value • Not bank guaranteed • Not insured by any federal government agency.

For U.S. Bank: 

U.S. Bank is not responsible for and does not guarantee the products, services or performance of U.S. Bancorp Investments and U.S. Bancorp Advisors. 

U.S. Bank, U.S. Bancorp Investments, U.S. Bancorp Advisors and their representatives do not provide tax or legal advice. Each individual's tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.

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  1. The interest rates and APYs for the Bank Smartly® Savings account are variable, determined at the bank’s discretion, and can change at any time.

    Eligibility for an interest rate bump: The interest rate bump is applicable for U.S. Bank Smartly® Savings when at least one account owner maintains an open and in good standing eligible product (Bank Smartly® Checking or Safe Debit account). Bank Smartly® Savings accounts without an eligible product will earn the standard variable interest rate shown above. Smart Rewards® enrollment is not required to qualify for this benefit. The interest rate bump is determined by the combined qualifying balances, as shown above.

    How is the combined qualifying balance calculated: Consumer deposits, U.S. Bancorp Investments* and personal trust** accounts, where the account is open and you are an account owner, are included in the combined qualifying balance. Note: Balances in business accounts, commercial accounts, and the Trustee only (IFI)*** client relationship do not qualify.

    The Combined Qualifying Balance is calculated separately for each account owner monthly. For Bank Smartly® Savings accounts with multiple owners, the owner with the highest combined qualifying balance will be used to determine the interest rate bump balance range. First, the average monthly balance for each qualifying account is calculated separately by adding together the end of day ledger balance for every day in the month and dividing the total by the number of calendar days in that month (or days since account opening within that month). Next, for each month, the average monthly balances for every qualifying account are added together. The Combined Qualifying Balance used to determine the bump interest rate is calculated by adding together the monthly totals for the previous three months and dividing by three (or the number of months available if less than three).

    How is the interest rate bump determined: The initial interest rate bump will be determined by the combined qualifying balance the business day after the Bank Smartly® Savings account is opened and the eligible product verification is completed. The interest rate bump is added to the standard interest rate to calculate the interest rate applied to the entire account balance in the eligible Bank Smartly® Savings account generally within five business days from account opening. The initial interest rate bump will be valid until the next monthly balance review on the first calendar day of each month. The interest rate bump will be adjusted monthly for any changes in qualifying balances and will be valid through the following calendar month. If the Bank Smartly® Savings account is closed, the interest rate bump will cease immediately. If the required eligible product (Bank Smartly® Checking or Safe Debit account) is closed but the Bank Smartly® Savings account remains open, the interest rate bump will remain valid until the end of the calendar month.

  2. The $5 monthly maintenance fee is waived with the presence of a Bank Smartly® Checking or Safe Debit account or for accounts with a minor under the age of 18.

  3. ATM Transaction Fee.  U.S. Bank will assess this fee for each ATM Transaction conducted at the Non-U.S. Bank ATM.  Non-U.S. Bank ATMs are defined as any ATM that does not display the U.S. Bank logo in any manner, physically on the ATM or digitally on the screen.

    ATM Surcharge.  Non-U.S. Bank ATM owners may apply a surcharge fee on ATM transactions at their ATMs. U.S. Bank participates in MoneyPass®, an ATM surcharge free network. To find MoneyPass ATM locations, select “visit the MoneyPass locator” at the bottom of our ATM locator search results to be taken to the MoneyPass website. If you use an ATM that uses the MoneyPass® Network and are charged a surcharge fee, please call us at 800-USBANKS (872-2657) for a refund of the surcharge fee.

    Please refer to the Consumer Pricing Information (PDF) disclosure section titled Miscellaneous Checking, Savings or Money Market Fees for a summary of ATM transaction fees.

  4. If you have linked eligible accounts and the negative Available Balance in your checking account is $5.01 or more, the advance amount will transfer in multiples of $50. If, however, the negative Available Balance is $5 or less, the amount advanced will be $5. The Overdraft Protection Transfer Fee is waived if the negative Available Balance in your checking account is $50 or less.

    Note: If you have Overdraft Protection and your account becomes overdrawn, Overdraft Protection funds will be accessed before the account is eligible for U.S. Bank Overdraft Fee Forgiven.

    Refer to Your Deposit Account Agreement (PDF) section titled Overdraft Protection Plans for additional information.

  5. Text messaging fees – For text alerts, standard messaging charges apply through your mobile carrier and message frequency depends on account settings. Check with your carrier for specific fees and charges. Please be advised that the alerts may not be sent immediately.

  6. Personal Trust account balances are the current account balance as of close of the prior day for eligible trust account types that are held for your benefit: IRAs, Agency accounts, Revocable Trust accounts and Custody accounts.

  7. For U.S. Bancorp Advisors:
    Brokerage and investment advisory products and services are offered by U.S. Bancorp Advisors, LLC, an SEC-registered broker-dealer, investment adviser, member   FINRA/SIPC , and subsidiary of U.S. Bancorp and affiliate of U.S. Bank, N.A. Insurance services are offered by USBA Insurance Services, a dba of U.S. Bancorp Advisors, having a California domicile and principal place of business at 800 N. Brand Blvd., 16th Floor, Glendale, CA 91203, CA Insurance License #6011694. Products may not be available in all states.

    Smart Rewards qualifying balance information includes affiliated U.S. Bancorp Advisors (USBA) components, which is being translated for your convenience. USBA offers its products primarily in English and may not be able to offer certain products in a particular foreign language.

  8. Trustee (IFI) - The person(s) or entity are serving in the capacity of trustee(s) but are not grantor(s). The trustee typically manages the assets of the trust account and distributes property according to the terms of the trust document. The IFI description applies to deposit accounts at U.S. Bank.

  9. Grantor (GRT) - The individual(s) who created the trust. Grantors may also be referred to as the settlor or trustor. Grantors may also serve as the trustee(s) of the trust. The GRT description applies to deposit accounts at U.S. Bank.

  10. FDIC insured to the maximum allowed by law.

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Deposit products are offered by U.S. Bank National Association. Member FDIC.

State Farm and the State Farm logo are registered trademarks of State Farm Mutual Automobile Insurance Company. 

U.S. Bank, 800 Nicollet Mall, Minneapolis, MN 55402

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