U.S. Bank Review 2026
U.S. Bank is the fifth-largest commercial bank in the United States, offering a broad range of financial services including retail banking, commercial banking, wealth management, and payment services.
Founded
1863
Headquarters
Minneapolis, MN
Total Assets
$680 billion
Branches
2,200+
BankingDeal Rating
Based on rates, fees, features, and customer satisfaction
4.1
out of 5.0
Rates & Fees
| Product | Rate / Fee |
|---|---|
| Savings APY | 0.05% |
| 12-Month CD APY | 4.60% |
| Checking Monthly Fee | $6.95 |
Rates shown are for illustration. Verify current rates directly with U.S. Bank.
Products Offered
Pros & Cons
Pros
- +Competitive CD rates
- +Strong mobile banking app
- +Wide range of account options
- +Good rewards credit cards
- +Solid business banking products
Cons
- -Limited East Coast presence
- -Monthly fees on some accounts
- -Savings rates below online bank competitors
- -Some products only available in-branch
Our Verdict
U.S. Bank is a solid choice for those who value 2,200+ branch locations and a full suite of banking products. Competitive CD rates, making it a strong contender in the traditional banking space. While savings rates at 0.05% are lower than online competitors, the convenience of branch access and comprehensive product offerings may offset this for many customers.
Related Resources
Frequently Asked Questions
Is U.S. Bank a good bank?
U.S. Bank has a rating of 4.1/5 on our scale. Competitive CD rates. However, limited east coast presence. Whether it is right for you depends on your specific banking needs and priorities.
What is the savings account APY at U.S. Bank?
U.S. Bank currently offers a savings APY of 0.05%. Online banks may offer higher rates, though U.S. Bank provides other benefits like branch access. Rates are subject to change. Verify current rates directly with U.S. Bank.
Does U.S. Bank charge monthly fees?
U.S. Bank charges a $6.95 monthly maintenance fee on its standard checking account, though this can often be waived by meeting certain requirements such as maintaining a minimum balance or setting up direct deposit.
What products does U.S. Bank offer?
U.S. Bank offers Checking Accounts, Savings Accounts, CDs, Credit Cards, Mortgages, Auto Loans, Business Banking. Services are available online, through the mobile app, and at 2,200+ branches nationwide.
Where is U.S. Bank headquartered?
U.S. Bank is headquartered in Minneapolis, MN. Founded in 1863, U.S. Bancorp has grown to manage $680 billion in total assets. It operates 2,200+ branches.