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. Easily open an account with a minimum deposit of $25.

Save smartly.

Enjoy our competitive interest rates. Plus, you’ll get a suite of digital tools to help you set goals, track spending and manage your money wisely.

Access higher rates and fewer fees.

Get higher APYs and waive the monthly maintenance fee12 when you add a Bank Smartly® Checking, Safe Debit account or Bank Smartly™ Visa Signature® Card.

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.

Earn up to 4% cash back on every purchase.

Maximize your benefits when you add a Bank Smartly™ Visa Signature® Card to your financial toolkit. See how increasing your qualifying balances can grow your money faster.

Find the best rate to reach your goals faster.

Calculate your rate to see how it increases as your Combined Qualifying Balance grows. Your options update according to the information you provide.  FYI: The displayed Annual Percentage Yield (APY) and interest rates are effective as of February 19, 2025 for ZIP code 55402 (Edit ZIP code)

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

YOUR ESTIMATED INTEREST RATE

Annual Percentage Yield:

Your effective Annual Percentage Yield (APY) takes into account compounding interest based on daily account balances, your average monthly account balances, and your total savings interest rate.1

Learn more about Bank Smartly® Savings rates>

Standard Interest Rate

Interest Bump Rate


Your total savings interest rate

The Annual Percentage Yield (APY) and interest rates are effective as of February 19, 2025 for ZIP code 55402

Couple working on a home renovation funded with savings

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

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.

Learn how to track your savings goal>

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

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.

Get mobile app tools with a U.S. Bank Smartly Savings account

Save a portion of your income regularly with automated savings.

Save something extra by doing next to nothing.

Use our digital tools to automate your savings to stash away a little (or a lot) with every paycheck. As your Combined Qualifying Balance grows, you may be able to earn higher rates.1 Set up recurring transfers when you switch your direct deposit in minutes.

Learn about the benefits of online banking >

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

$5 monthly maintenance fee can be waived with the presence of eligible accounts.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.

$0 overdraft protection transfer fees when a U.S. Bank checking account is linked with a Bank Smartly Savings account or another eligible deposit product.4

Set account alerts for email or text message reminders.5

Frequently asked questions

Start of disclosure content

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.

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 and U.S. Bancorp Advisors. 

  1. Footnote 1

    The interest rates and APYs for the U.S. Bank Smartly® Savings account are variable, determined at the bank’s discretion, and can change at any time, including after the account is opened. A minimum opening deposit of $25 is required to open.

    Eligibility for an interest rate bump: The interest rate bump is applicable for Bank Smartly® Savings when at least one account owner maintains an open and in good standing eligible product (U.S. Bank Smartly® Checking, Safe Debit account or a U.S. Bank Smartly™ Visa Signature® Card). Bank Smartly Savings accounts without an eligible product will earn the standard variable interest rate shown above. U.S. Bank 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.

    What is included in the Combined Qualifying Balance: Qualifying balances include consumer or trust accounts where the account is open and you are an account owner. Note: Balances in business accounts, commercial accounts, and the Trustee only (IFI) , Grantor only (GRT) or Trustee & Grantor - Irrevocable Trust (TRG) client relationships do not qualify.

    • Checking accounts
    • Money Market savings accounts
    • Savings accounts
    • CDs and/or IRAs
    • Personal Trust accounts
    • U.S. Bancorp Investments accounts
    • U.S. Bancorp Advisors brokerage accounts

    How is the Combined Qualifying Balance calculated: 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 Smartly Interest Rate Bump tier. The interest rate bump and balance range information will be visible to all owners on the joint account. The Combined Qualifying Balance is determined as follows:

    First, at the end of each month an average Combined Qualifying Balance is calculated. The balance is based on a 90-day average balance for all qualifying accounts and is calculated by adding together the end of day ledger combined balances for every day in the last 90 days and dividing the total by

    • 90 calendar days, or
    • the number of days since opening an initial qualified account

    Next, the Smartly Interest Rate Bump tier that is applied to your Bank Smartly Savings account is determined by one of two potential calculations:

    • For the initial evaluation after opening your first qualifying account and at the beginning of every calendar month thereafter, we will apply the Smartly Interest Rate Bump tier based upon the average Combined Qualifying Balance (as described above)
    • In addition, we will review the Combined Qualifying Balances on a daily basis to determine whether you qualify for a higher Smartly Interest Rate Bump tier based upon the day’s Combined Qualifying Balances.

    If your daily Combined Qualifying Balances qualifies you for a tier upgrade, you will be moved to the higher tier (within 5 business days). You will remain in that tier until you qualify for a higher tier based on your daily Combined Qualifying Balances, or the calculated monthly Combined Qualifying Balance qualifies you for a higher or lower tier.

    The Smartly Interest Rate Bump tier will be applied to your Bank Smartly Savings account within the first 5 business days of each month or upon reaching a higher tier, which means that the tier that will be applied to your account may vary during a billing cycle.

    How is the interest rate bump determined: After the first eligible Bank Smartly Savings account is opened and the eligible product verification is completed, on the next business day we will determine the initial interest rate bump based upon the average Combined Qualifying Balances (as described above). 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. The interest rate bump can be adjusted up or down or remain the same (as described above). If the Bank Smartly Savings account is closed, the interest rate bump will cease immediately, and accrued interest will not be paid. If the required eligible product (Bank Smartly Checking, Safe Debit account or a U.S. Bank Smartly™ Visa Signature® Card) is closed but the Bank Smartly Savings account remains open, the interest rate bump will remain valid until the end of the calendar month.

    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 daily. 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.

    Return to content, Footnote 1
  2. Footnote 2

    The $5 monthly maintenance fee is waived with the presence of a Bank Smartly® Checking, Safe Debit account, Bank Smartly™ Visa Signature® card, or for accounts with a minor under the age of 18.

    Return to content, Footnote 2
  3. Footnote 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. However, a Non-U.S. Bank ATM Transaction Fee may be assessed on transactions at a MoneyPass ATM.

    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.

    Return to content, Footnote 3
  4. Footnote 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.

    Return to content, Footnote 4
  5. Footnote 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.

    Return to content, Footnote 5
  6. Footnote 6

    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.

    Return to content, Footnote 6
  7. Footnote 7

    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.

    Return to content, Footnote 7
  8. Footnote 8

    U.S. Bank Smartly Savings qualifying balance information includes affiliated U.S. Bancorp Investments (USBI) components, which is being translated for your convenience. USBI offers its products primarily in English and may not be able to offer certain products in a particular foreign language.

    Return to content, Footnote 8
  9. Footnote 9

    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.

    Return to content, Footnote 9
  10. Footnote 10

    U.S. Bank Smartly Savings qualifying balance information includes affiliated U.S. Bancorp Advisors (USBA) components, which is being translated for your convenience. USBA offers its products only in English and may not be able to offer certain products in a particular foreign language.

    Return to content, Footnote 10
  11. Footnote 11

    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.

    Return to content, Footnote 11
  12. Footnote 12

    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.

    Return to content, Footnote 12
  13. Footnote 13

    Trustee & Grantor - Irrevocable trust (TRG) - Individual grantor(s) of an irrevocable trust also serving as trustee(s).

    Return to content, Footnote 13
  14. Footnote 14

    FDIC insured to the maximum allowed by law.

    Return to content, Footnote 14

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