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

Big banks sometimes charge high fees and offer low interest rates — that’s no secret. 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 | Reviewed February 27, 2018

Checking

3.5

U.S. Bank offers seven types of checking accounts, including options for students, seniors and people who exclusively use debit cards instead of checks. There are also silver and gold packages for those who have other accounts at the bank and an 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 waive the charge, 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 5,300 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

Easy Checking
APY
Monthly fee
$6.95
Balance to waive monthly fee
$1,500

at U.S. Bank,

Member, FDIC

Certificate of Deposit
APY
0.75%
Min. balance for APY
$10,000
Length of term
5 years

at U.S. Bank,

Member, FDIC

How does U.S. Bank compare?

U.S. Bank

Standard Savings Account

NerdWallet Rating

at U.S. Bank,

Member, FDIC

APY

0.01%

Monthly Fees

$0

Bonus features

2,000+ branches

Mobile-friendly

Live help 24/7

Goldman Sachs Bank USA

Online Savings

NerdWallet Rating

at Goldman Sachs Bank USA,

Member, FDIC

APY

2.05%

Monthly Fees

$0

Bonus features

No Monthly Fee

Competitive APY

American Express National Bank

High Yield Savings Account

NerdWallet Rating

at American Express National Bank,

Member, FDIC

APY

2.00%

Monthly Fees

$0

Bonus features

No Monthly Fee

Competitive APY

Not for you? Read more bank reviews
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
Big pain
Every single time I log in, I have to answer a security question, AND even though I answer correct, I have to renew all my info online in order to see my account...what a pain...
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Worst Bank Ever
I have been locked out of my online banking account since June and it is now November. One lady tried helping me change my address and requesting a new PIN since there are no US Banks within 3 hours of me. She corrected the address but the PIN is still MIA. Now I've been on the phone for over an hour and they have no idea how to send me a new PIN with the recent address change... I am trying SO HARD to close my account.
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