Money Market Rates

Explore today’s competitive Elite Money Market rates.

5 digits

The Annual Percentage Yield (APY), which is the effective annual rate of return including the effect of compounding interest, and the money market interest rates listed below are effective as of for ZIP code .

These rates and APYs are valid on new Elite Money Market Accounts and existing accounts that have been open for less than 30 days. If you have an existing Elite Money Market Account that has been open for 30 days or more, log in and select Products and offers to see your personalized rates.

Elite money market account

Balance

APY

Interest rate

Sorry, this wasn't supposed to happen.

We're having trouble displaying money market account rates. It shouldn't last long, so please try again shortly.

Sorry, this wasn't supposed to happen.

We're having trouble displaying money market account rates. It shouldn't last long, so please try again shortly.

Enjoy the following benefits with your
U.S. Bank Money Market account.

The U.S. Bank Elite Money Market account combines the benefits of a savings account with those of a checking account – but without the restrictions of a Certificate of Deposit. Enjoy the confidence and security of knowing your account is FDIC-insured to the maximum amount allowed by the FDIC along with the benefits listed below.2

Extensive ATM Network  

Pay $0 ATM transaction and surcharge fees at U.S. Bank ATMs and have access to one of the largest ATM Networks in America.3

e-Statements 

Access free account e-statements anytime, anywhere through the U.S. Bank Mobile App and online banking.

Overdraft protection 

Avoid the inconvenience of an unexpected shortage of funds by linking your Elite Money Market Account to your U.S. Bank Checking Account. See Your Deposit Account Agreement (PDF) for a full list of options.

Monthly Maintenance Fee 

Get the $10 fee waived for twelve months after opening your new account. Continue to get the fee waiver by maintaining an average daily balance of $10,000 or by having a U.S. Bank Smartly Checking account.4, 5

Custom notifications 

Set up customer email or text notifications.6

Check writing privileges 

In addition to ATMs, debit cards and account transfers, enjoy the convenience of check-writing access.

Open your account in three easy steps.

Applying for a U.S. Bank Elite Money Market account online takes about five minutes.

Answer a few quick questions about yourself. 

Fund your account with as little as $100 and as much as $250,000.

Verify your application information and hit Submit.

Start Saving

U.S. Bank Mobile App

Manage your money better with the U.S. Bank Mobile App.

Easy, convenient and safe. Bank from your phone with our award-winning mobile app.7

Download the U.S. Bank App from the Apple App Store   Download the U.S. Bank App from Google Play

 

Frequently asked questions

A money market account (also known as a money market deposit account or money market savings account) is a mix between a checking and a savings account. It has features from both types of accounts, offering the debit card and check-writing privileges of a checking account with the interest-bearing nature of a savings account.

With a money market account, you earn interest on the money deposited into the account, just like a savings account. When opening the account, a minimum deposit is typically required, and a fee may be charged if the balance falls below a certain threshold.

Most money market accounts have a variable interest rate that fluctuates over time as market conditions change. It's also common for these accounts to have tiered rates, meaning higher balances are rewarded with a higher APY.

Yes. As with other deposit accounts, the FDIC insures money market accounts up to $250,000 per depositor, per insured bank, for each account ownership category.

Money market accounts give you access to your money, whenever you need it, and a variable interest rate. Certificates of deposit require you to leave your money untouched for an agreed upon time, known as the term length, and usually have a fixed rate.

Fund your account up to $250,000 with an internal or external transfer, or up to $250 with a debit or credit card. You can deposit up to $250,000 during the application process with a minimum opening deposit of $100.1 Be sure your login credentials are easily accessible if you're planning to transfer funds from an external account.

Start of disclosure content
Disclosures

  1. How to obtain the rate: This rate is valid on new accounts for clients who do not have an existing consumer money market account or for clients with an existing consumer money market account that has been open for less than 30 days. This rate is not valid for clients with a consumer money market account closed within the last 30 days. Get the Annual Percentage Yield (APY) as noted above by depositing at least $25,000 within 30 days of account opening. A minimum opening deposit of $100 is required to open.

    How to maintain the rate: Deposit at least $25,000 within 30 days of account opening and maintain a minimum daily balance of at least $25,000 each day thereafter. If the account balance falls below $25,000 the standard interest rate plan will be applied until the account balance is at or above $25,000 again. All rates and APYs are determined at the bank's discretion, are subject to change after the account is opened, and can change at any time. Fees will reduce your eligible balance, and deposits are needed to cover these fees to maintain the daily balance for this rate offer.

    The following standard interest rate plan balance tiers and APYs are accurate as of today's date: Under $10,000: 0.01%; $10,000 to $24,999.99: 0.01%; $25,000 to $49,999.99: 0.25%; $50,000 to $99,999.99: 0.25%; $100,000 to $499,999.99: 0.25%; $500,000 and above: 0.25%.

    Interest Information: You must maintain the minimum daily balance needed for each tier in order to earn the Annual Percentage Yield (APY) disclosed. Interest will be compounded daily and credited to your account monthly. We use the daily balance method to calculate interest on all deposit accounts. This method applies a daily periodic rate to the principal in the account each day. Interest on your check deposit begins to accrue on the business day we receive credit for this account. If you close your account before interest is credited you will not receive the accrued interest. Fees could reduce earnings on the account. Other restrictions may apply.

  2. FDIC insured to the maximum allowed by law.

  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. The daily balance is the balance at the end of each business day, equal to the beginning balance for that day plus the current business day credits, minus the current business day debits. Business days are Monday through Friday; federal holidays are not included.

  5. Valid if the client maintains an Elite Money Market account only (without the presence of a Bank Smartly® checking account); Monthly Maintenance Fee waiver starts on account open date.

  6. 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.

  7. Digital financial services benchmarking firm Keynova Group ranked U.S. Bank #1 for mobile banking apps in its Q3 2024 Mobile Banker Scorecard.

Start of disclosure content

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

You authorize your wireless carrier to use or disclose information about your account and your wireless device, if available, to us or our service provider for the duration of your business relationship, solely to help us identify you or your wireless device and to prevent fraud. See our PRIVACY POLICY for how we treat your data.

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

end of main