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Maximize your money’s potential

Combine the power of Bank Smartly® Checking and Bank Smartly® Savings to turn every dollar into a step forward. Together, they’ll unlock ways to help you reach your goals faster including savings interest rates that grow as your Combined Qualifying Balances grow.1

Bump up the interest rate1 on your Bank Smartly® Savings.

Waive the $5 Monthly Maintenance Fee on your Bank Smartly Savings.2

Enjoy bank discounts and offers with Bank Smartly Checking & Smart Rewards®.

Try to find a more dynamic (banking) duo.

With benefits you’ll use now and more you’ll appreciate later, you’d be hard-pressed to find a smarter pair.

Bank Smartly Checking

Simple ways to manage your money and earn rewards from day one

Bank Smartly® Checking features insightful digital tools to help you track your cash and manage your finances. Plus, you automatically get the $12 Monthly Maintenance Fee3 waived for the first two months. After that, you can easily waive the fee in multiple ways. Additionally, you’ll enjoy even more perks with Smart Rewards.

Learn about Bank Smartly Checking

Bank Smartly Savings

Higher yields with interest rates that grow as your eligible balances grow

Earn more on your money when you combine Bank Smartly® Savings with Bank Smartly® Checking to unlock higher Annual Percentage Yields (APYs)1 and waive the $5 Monthly Maintenance Fee.2

See how Bank Smartly Savings works

smarter together

Two simple ways to grow your money. One 5-minute application.

Save time, unlock higher rates1 and pile on the perks as your balances grow when you open a Bank Smartly® Checking and Bank Smartly® Savings account together.

Bundle checking + savings

Apply for both online in under 5 minutes.

Add funds to your accounts using an internal or external transfer. You can also add money using your credit, debit or prepaid card.

Securely switch your direct deposit online in minutes.

Bundle checking + savings
Couple enjoying takeout thanks to smart money management with overlays displaying monthly spending and progress toward savings goals

Plan for future success with smart ways to manage money now.

Our easy-to-use digital budgeting tools help you monitor all your accounts (even ones at other banks) while setting clear financial goals.

Only need one account to level up?

If you already have a Bank Smartly® Checking or Bank Smartly® Savings account, unlock the bigger benefits of bundling by opening the one you don’t have yet.
 

Open a checking account Open a savings account

Frequently asked questions

General questions

Bundling in banking refers to the ability to combine multiple financial services into a single offering. In addition to offering individual services separately, banks might bundle checking, savings, credit cards or other related services together to create a solution that may be more beneficial for their customers.

At U.S. Bank, you can save time and grow your money faster when you open Bank Smartly® Checking and Bank Smartly® Savings accounts together.

Apply for checking and savings together

Currently, you can bundle Bank Smartly® Checking, which automatically comes with Smart Rewards, and Bank Smartly® Savings account with interest rates that grow as your Combined Qualifying Balances grow.1

Combined Qualifying Balances (CQB) include the following products offered by U.S. Bank and it's affiliates, where the account is open, and you are an account owner.

  • Checking accounts
  • Money Market accounts
  • Savings accounts
  • CDs and/or IRAs
  • Personal Trust accounts4
  • U.S. Bancorp Advisors5 brokerage accounts 

Note: Business and commercial products are never eligible.

Funds on deposit in an eligible product, where you have ownership interest, are counted towards your CQB. Examples of eligible customer to account relationship types, include, but are not limited to: Individual owner, joint owner, principal non-signer. Conversely, funds on deposit in an eligible product that do not grant ownership interest, are not counted towards your CQB. Examples of ineligible customer to account relationship types, include, but are not limited to: Trustee (IFI)6, Grantor (GRT)7, all Irrevocable Trust roles, Payable on Death, Representative Payee, Guardian.

Yes, at U.S. Bank, you can save time when you apply for the Bank Smartly® Checking and Bank Smartly® Savings accounts together. The application typically takes less than 5 minutes.

Apply for checking and savings together

  • Streamlined application. At U.S. Bank, the process typically takes less than 5 minutes.
  • Convenient access to your money. With checking and savings at the same bank, you can move money between accounts faster. At U.S. Bank, connected Bank Smartly® accounts help you waive fees, increase your savings rates1 and protect you from overdraft penalties.
  • Easier money management. Track everyday spending and set personal savings goals. U.S. Bank Smartly accounts include banking tools with the ability to manage accounts inside and outside the bank with the U.S. Bank app.
  • Extra perks. Combining Bank Smartly® Checking and Bank Smartly® Savings accounts lets you enjoy the best of both accounts including more fee waivers and a savings interest rate bump to help you earn more on your money. Additionally, you’ll automatically start benefiting from our Smart Rewards program when you open a Bank Smartly Checking account.

These are the three features you should look for when opening these accounts at the same time:

  • Low or no Monthly Maintenance Fees. U.S. Bank Smartly® accounts give you multiple ways to waive those account fees.2,3
  • Access to your money. Get cash whenever and wherever you need it with convenient debit card access and thousands of ATMs and branch locations.
  • Digital financial tools. Knowing where every dollar goes can help you reach your goals faster. U.S. Bank provides ways to organize your spending and save your money wisely.

A regular checking account is typically used for day-to-day spending and paying your bills. You can easily access your money with a debit card, ATM or by writing a check (if you have a traditional checking account with checks). Although Bank Smartly® Checking is an interest-bearing checking account, savings accounts typically have higher rates than checking accounts, which will help you grow your money faster.8 Savings accounts are meant to help you set aside funds for a big purchase. It’s often beneficial to have both as part of your financial plan.

Learn about the differences between checking and savings accounts
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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.

U.S. Bancorp Advisors and their representatives do not provide tax or legal advice. Your tax and financial situation are unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.

For U.S. Bank: 

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

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  1. The interest rates and Annual Percentage Yields (APYs), including any applicable rate bumps, are applicable to U.S. Bank Smartly® Savings accounts opened today. If you are an existing U.S. Bank consumer savings or money market clients, or if you had a U.S. Bank consumer savings or money market account closed in the past 90 days, the advertised rates on this rate sheet may not apply. To review your personalized interest rate and potential rate bumps, please log in to Online Banking or the Mobile App, or contact a banker. You can also select Products & Offers to see your personalized rate.

    The interest rates and APYs, including any applicable rate bumps, are current as of today's date. An initial deposit of at least $25 is required to open an account. Interest rates and APYs, including any applicable rate bumps, are variable and subject to change at the bank’s discretion at any time, including after the account is opened.

    Eligibility for an interest rate bump: An interest rate bump is applied to a U.S. Bank Smartly® Savings account when at least one account holder maintains a valid and in-good-standing eligible product. U.S. Bank Smartly Savings accounts without a qualified and eligible associated denoted product will not receive an interest rate bump. The interest rate bump will vary based on Combined Qualifying Balances (CQB). One of the following eligible and in-good-standing products must be maintained:

    • U.S. Bank Smartly® Checking
    • Safe Debit account
    • U.S. Bank Smartly™ Visa Signature® Card

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

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

    Note: Business and commercial products are never eligible.

    Qualified Balance: Funds on deposit in an eligible product, where you have ownership interest, are counted towards your CQB.

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

    Conversely, funds on deposit in an eligible product that do not grant ownership interest, are not counted towards your CQB.

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

    How is your CQB calculated: For jointly owned U.S. Bank Smartly Savings accounts, each owner’s qualifying balances will be reviewed. The interest rate bump and balance range information will be visible to all owners on the joint account. There are two CQB calculations completed for every customer.

    • Monthly – Upon the opening of your first account, and thereafter at the beginning of each calendar month, your historical average CQB is calculated by summing all available previous days qualified balances and dividing by the number of days since the first eligible product was opened (90 calendar day maximum).
    • Daily – Each day your CQB is calculated by totaling your end of day qualified balance on deposit in an eligible product.

    How is your Smartly Interest Rate Bump Tier determined: After the eligible product verification is completed, on the next business day we will determine your Smartly Interest Rate Bump Tier. Your tier is based on the better of your daily or monthly CQB calculation. Once a tier has been assigned to you, it will not be downgraded for the remainder of that calendar month. However, at any point during a calendar month, you may receive a tier upgrade based upon your daily CQB. Assignment of an initial tier, monthly tier upgrade or downgrade, and/or daily tier upgrades generally are applied within five business days.

    For individually owned U.S. Bank Smartly Savings accounts, the tier is determined by the individual owner's tier. For jointly owned U.S. Bank Smartly Savings accounts, the tier is set according to the highest tier held by any account owner. All account holders will be able to view the designated account tier. If you have multiple U.S. Bank Smartly Savings accounts, the applicable tier on each account may vary depending on its ownership structure.

    Determination of account interest rate and accruals: The total interest rate applied to the eligible U.S. Bank Smartly Savings account balance is calculated by adding the interest rate bump to the standard interest rate. For existing clients, to review your personalized interest rate and potential rate bumps, please log in to Online Banking or the Mobile App, or contact a banker directly. You can also select Products & Offers to access your personalized rate. If a U.S. Bank Smartly Savings account is closed, interest will no longer accrue, and any previously accrued interest will not be disbursed. Should the required qualifying eligible products (U.S. Bank Smartly Checking, Safe Debit account or a U.S. Bank Smartly™ Visa Signature® Card) be closed while the Smartly Savings account remains active, the interest rate bump eligibility may be immediately discontinued. Additionally, any changes to the ownership structure of the U.S. Bank Smartly Savings account may result in immediate termination of the interest rate bump.

    Balance and interest information:

    You must maintain the minimum balance needed for each tier in order to earn the Annual Percentage Yield (APY) disclosed. All rates and APYs are subject to change after the account is opened. Fees could reduce earnings on the account. Interest rates currently offered on applicable deposit accounts are determined at the bank's discretion and may change at any time. 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. 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 your applicable deposit accounts. Interest will be compounded daily and credited to your account monthly for all savings accounts, except Standard Savings, which is paid quarterly. If you close your account before interest is credited, you will not receive the accrued interest.

  2. Bank Smartly Savings account Monthly Maintenance Fee: The $5 monthly maintenance fee is waived when you are an owner of a Bank Smartly® Checking, Safe Debit account, Bank Smartly™ Visa Signature® Card, or for accounts with a minor under the age of 18.

  3. Bank Smartly Checking account Monthly Maintenance Fee: For newly opened U.S. Bank Smartly Checking accounts, the Monthly Maintenance Fee is waived for the first 2 statement periods from the account open date. Members of the military (requires self-disclosure), Workplace-Financial Wellness Program, U.S. Bank Global Transition Solutions, clients age 13-24 or clients 65 and over, pay no monthly maintenance fee. State Farm Alliance customers can waive the monthly maintenance fee as an owner of an eligible personal State Farm credit card. All others can have it waived by meeting any one of the following criteria: Have combined monthly direct deposits totaling $1,500 or more; or keep a minimum average account balance of $1,500 or more; or owner on a U.S. Bank Smartly™ Visa Signature® Card; or owner of an eligible U.S. Bank small business checking account; or qualify for one of the three Smart Rewards® tiers (Gold Tier, Platinum Tier or Platinum Plus Tier).

    The average account balance is calculated by adding the balance at the end of each calendar day in the statement period and dividing that sum by the total number of calendar days within the statement period. Other fees may apply.

    Please refer to the Consumer Pricing Information (PDF) disclosure for more details.

  4. 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.

  5. 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 and 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.

  6. 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.

  7. 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.

  8. 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.

  9. Variable rate account – The interest rates and Annual Percentage Yields (APYs) are variable, determined at the bank’s discretion and can change at any time, including after the account is opened. Speak to a banker for current deposit rates, disclosures on rates, compounding and crediting, and other balance information.

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