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Use the savings balance ranges to skip to your relationship tier. Each relationship tier has a minimum balance. The displayed Annual Percentage Yield (APY) and interest rates are effective as of .1

Take our rates for a test run.

Using the savings calculator, choose your estimated balances to reveal your savings interest rate and your additional bump rate. Adjust your balances to see how you earn more as your deposits grow. Your options update according to the information you provide. FYI: The displayed Annual Percentage Yield (APY) and interest rates are effective as of .

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

YOUR ESTIMATED SAVINGS 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

Standard interest rate

Interest rate bump

Your total savings interest rate

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

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

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Frequently asked questions

Bank Smartly® Savings accounts start with a competitive standard interest rate based on your savings account balance. Then, when you have a Bank Smartly® Checking account, Safe Debit account or Bank SmartlyTM Visa Signature® card, you can enjoy relationship rates. Relationship rates are calculated by adding a variable interest rate bump to your standard interest rate. The rate bump will vary based on combined qualifying balances.

The interest rate determines how much the bank will pay you. On the other hand, the APY or Annual Percentage Yield takes into account the compounding interest on your deposit to give you a clearer picture of how much you’ll earn in a year.

Typically, the interest rates for savings accounts are variable and adjusted based on market conditions. For example, when the Federal Reserve adjusts interest rates, your savings account rate may change. U.S. Bank Smartly® Savings accounts feature variable rates that also adjust based on your total relationship balances giving you the flexibility to manage your money wisely.

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Depending on the bank, a high-yield savings account may be covered by FDIC insurance. These savings accounts are less risky than stocks, bonds, ETFs and other market-sensitive investments. As with all U.S. Bank checking and savings accounts, the money in our high-yield savings accounts is insured by the FDIC up to the maximum-allowable $250,000. The standard insurance amount is $250,000 per depositor, for each deposit insurance ownership category.6

The national average savings account interest rate is calculated across a range of standard and high-yield accounts. Standard rates can start as low as a fraction of a percent, while high-yield accounts can soar to 10x that amount. U.S. Bank Smartly® Savings accounts feature high-yield savings rates that grow as your balances grow when you also have a Bank Smartly® Checking account, Safe Debit account or Bank SmartlyTM Visa Signature® card.

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Start of disclosure content

  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.

    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. 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 accounts, U.S. Bancorp Investments* accounts, U.S. Bancorp Advisors** brokerage accounts 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, 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.

    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.

  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.

  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.

  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. Bank:

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

*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. 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 National Association.  Insurance products 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.

***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 of the deposit account and distributing property according to the terms defined within the trust document.

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