Today's savings rates

See how today's savings interest rates may increase as your CQB grows. The displayed Annual Percentage Yield (APY) and interest rates are effective as of   for , (Change) and are accurate for accounts opened on today's date.
 

If you have an existing U.S. Bank Smartly® Savings account, the advertised rates on the rate sheet may not apply. Log into your Online Banking or Mobile App to view your personalized account interest rate and interest rate bump or contact a banker.

 

Take our rates for a test run.

Using the savings calculator, choose your estimated balances to reveal your savings interest rate and your additional relationship rate. Adjust your balances to see how you earn more as your Combined Qualifying Balances grow. Your options update according to the information you provide. NOTE : The displayed Annual Percentage Yield (APY) and interest rates are effective as of .

 

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

YOUR ESTIMATED SAVINGS INTEREST RATE

Annual Percentage Yield :

Your effective Annual Percentage Yield (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 Bump Rate

Your total savings interest rate

Open Account

The Annual Percentage Yield (APY) and interest rates are effective as of for , (Change)

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

$5 Monthly Maintenance Fee can be waived with the presence of eligible accounts.2

Enjoy $0 ATM transaction and surcharge fees at U.S. Bank ATMs.3

Set up recurring transfers to help you grow your balances automatically.

Access 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 product.4

Set account alerts for email or text message reminders.5

Open an Account

Frequently asked questions

Bank Smartly® Savings accounts start with a competitive standard interest rate. Then, when you have a Bank Smartly® Checking account, Safe Debit account or other eligible product, 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.

Qualifying balances include consumer or trust accounts where the account is open and in good standing and you are an account owner.

  • Checking accounts
  • Money Market savings accounts
  • Savings accounts
  • CDs and/or IRAs
  • Personal Trust accounts6
  • U.S. Bancorp Investments7accounts
  • U.S. Bancorp Advisors8 brokerage accounts

Note: Balances in business accounts, commercial accounts, and the Trustee only (IFI)9, Grantor only (GRT)10 or Trustee & Grantor – Irrevocable Trust (TRG)11 client relationships do not qualify.

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

Typically, the interest rates for savings accounts are variable and adjusted based on market conditions. For example, when the Federal Reserve adjusts interest rates, your savings account rate may change. U.S. 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.

Open an account

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.12

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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. 

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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 Investments:

    Investment and insurance products and services including annuities are available through U.S. Bancorp Investments, the marketing name for U.S. Bancorp Investments, Inc., member FINRA and SIPC, an investment adviser and a brokerage subsidiary of U.S. Bancorp and affiliate of U.S. Bank. Insurance products are available through various affiliated non-bank insurance agencies, which are U.S. Bancorp subsidiaries. Products may not be available in all states. CA Insurance License# 0E24641.

  8. 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.

  9. 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.

  10. 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.

  11. Trustee & Grantor - Irrevocable trust (TRG) - Individual grantor(s) of an irrevocable trust also serving as trustee(s).

  12. 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. 

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