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You’ve got your eye on something special.
Bank Smartly® Savings.

Whether you’re looking at a new home, planning a dream trip or growing your family, here’s why opening this new savings account is the right first step.

Earn more as you save more.

Our competitive interest rates increase as your savings balance grows. And fees? There are multiple ways to waive the $5 monthly maintenance fee.2

Did we mention relationship rates?

Access even higher rates when you pair a Bank Smartly® Savings account with a Bank Smartly® Checking or Safe Debit account. Learn more about relationship rates (PDF).

Make your money work harder.

After unlocking relationship rates, add up your consumer checking, savings, money market, CD, IRA, investment or personal trust account balances to increase your savings rate even more.

Bank with smarter benefits.

Perks start with a fee waiver for the monthly maintenance fee when you maintain a Bank Smartly® Checking or Safe Debit account.

 

Open an account

Find the best rate to reach your goals faster.

Calculate your rate to see how it increases as your deposits grow. Your options update according to the information you provide.

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

YOUR ESTIMATED SAVINGS RATE

Annual Percentage Yield:

Your effective Annual Percentage Yield (APY) takes into account compounding interest based on both daily and average monthly account balances and your total savings rate.1 Learn more about relationship rates (PDF)

Standard Interest Rate

Interest Bump Rate

Your total savings rate

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

Couple working on a home renovation funded with savings

Plan for the future with a clear picture of your financial present.

Bank Smartly® Savings gives you access to our easy-to-use digital budgeting tools to help you monitor all your accounts (even ones at other banks) and set clear financial goals.

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We support big dreams with the tools to help you reach them.

Set multiple savings or investment goals and use our convenient mobile app to monitor your spending and help you decide when it's time to move money around.

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Save a portion of your income regularly with automated savings.

Save something extra by doing next to nothing.

Automate your savings to stash away a little (or a lot) with every paycheck. As your balance grows, you may be able to earn higher rates. Set up recurring transfers when you switch your direct deposit in minutes.

Learn more >

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

Pay $5 or $0 monthly maintenance fees. Waive fees in multiple ways.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.

Receive $0 overdraft protection transfer fees using an eligible linked U.S. Bank deposit account.4

Set account alerts for email or text message reminders.5

Open a Bank Smartly® Savings account to earn more money on your money.

Then, add a Bank Smartly® Checking account to access more benefits and a bump in your savings rate.

Open a Bank Smartly® Savings account Learn more about Bank Smartly® Checking

Frequently asked questions

Yes. Another way to get a higher savings interest rate is to pair your Bank Smartly® Checking or Safe Debit account with your Bank Smartly® Savings account. This unlocks higher relationship rates that grow as your total account balances grow. Opening an account is fast and easy. 

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Bank Smartly® Savings offers competitive rates right from the start, even without any other U.S. Bank account. However, to enjoy higher yields on your savings, you'll need a Bank Smartly® Checking or Safe Debit account.

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The minimum balance for opening a Bank Smartly® Savings account is $25. Quickly and easily open a U.S. Bank Smartly® Savings account online or at your local branch in minutes. Apply now or schedule an appointment.

Open an account

A typical savings account earns a modest amount of interest on the money you deposit. A relationship savings account earns you a higher interest rate when you have more than one type of savings, checking or investment account at the bank. For example, when paired with a checking account, you'll earn a higher interest rate on your Bank Smartly® Savings Account.

Yes, you can easily open a U.S. Bank Smartly® Savings account online in just minutes. Get started with an opening deposit of $25.

Open an account

Yes, you can use your U.S. Bank Smartly® Savings account with a debit card. U.S. Bank has one of the largest networks of ATMs in America. And there are no ATM transaction or surcharge fees at any U.S. Bank ATM.

Open an account

Teaching your kids about money is an important part of being a parent. To open their own savings account the minor must be age 13 through 17. If the child is under 13,  opening a joint account can help them learn about saving, budgeting and spending responsibly.

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Yes. You can open a joint savings account online by selecting the joint option when applying. Opening a joint account with your child is a smart way to teach them financial responsibility. Select U.S. Bank checking and savings accounts offer special benefits for Youth ages 13 through 17.

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Interest rate tiers or levels determine the balance amount that will trigger a higher interest rate on your savings account. See the current Bank Smartly® Savings account interest rates.

A savings account offers many advantages, including earning interest on your money, liquidity (meaning you have access to the funds if an emergency or short-term need arises) and financial peace of mind in the event of an unforeseen emergency. In addition, a U.S. Bank savings account is FDIC-insured, ensuring your money is safe and secure. You’re covered under the standard deposit insurance coverage limit of $250,000 per depositor, per ownership category, per FDIC-insured bank.6 U.S. Bank gives you multiple ways to easily save a little extra for the future.

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Call 800-872-2657
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Start of disclosure content

Disclosures

  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. FDIC insured to the maximum allowed by law.

Start of disclosure content

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. 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.

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.

**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.

***Trustee (IFI) – The person(s) or entity managing trust assets and distributing property according to the terms defined within the trust document.

The Greenlight card is issued by Community Federal Savings Bank, member FDIC, pursuant to license by Mastercard International. While Greenlight does not charge a fee for ATM withdrawals, all ATM transactions using the Greenlight debit card, including those at U.S. Bank ATMs, are subject to the transaction fees and surcharges imposed by the ATM provider.

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.