High yield savings account features
With accessible branch and ATM options, we make banking easier and more convenient than ever!
Start saving with an Elite Money Market Savings Account. Valuable features include:
$0 monthly maintenance fee to start for State Farm customers1
No monthly maintenance fee for first 12 months. Or enjoy, no Monthly Maintenance Fee when you are automatically enrolled in Smart Rewards® with a U.S. Bank Smartly® Checking account.
Mobile and online banking
Secure access to your account makes it easy to stay in control of your finances, whenever you are online.
e-Statements
Free. Efficient. Secure. e-statements get the important information to you in a quick and secure way. You don’t have to wait for U.S. Mail and you don't have to worry about the statement getting lost or stolen. Best of all, e-statements are free.
Check writing privileges
Enjoy the convenience of check-writing access.
Overdraft protection
Your savings account can be used as Overdraft Protection for a U.S. Bank Checking account.
No ATM Transaction fees at U.S. Bank ATMs
As a U.S. Bank customer, you have access to one of the largest ATM networks in America.
Account alerts
Receive email or text message reminders about important activity that you request.
Get an account.
Minimum opening deposit
Get started with as little as $100.
Monthly maintenance fee
After the first 12 months, your low monthly maintenance fee is $10.
You can waive the monthly maintenance fee after 12 months by maintaining a $10,000 minimum daily ledger balance.3
Your Monthly Maintenance Fee can also be waived with your automatic enrollment in Smart Rewards® with a U.S. Bank Smartly® Checking account
Terms and conditions
How to apply
Apply online for our Elite Money Market Account. It’s secure and takes less than ten minutes to complete your application and get a decision.
Getting started
To apply online, you’ll need:
- Your Social Security number or Individual Taxpayer Identification Number
- Your driver’s license, State ID or Military ID
- To be at least 18 years old and a legal U.S. resident
Apply today
- Enter your personal information
- Provide details about your account(s)
- Verify your application data
Submit and you’re all set.
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Return to content, Footnote 1
Valid if the customer maintains an Elite Money Market account only (without the presence of a Bank Smartly checking account); Monthly Maintenance Fee waiver starts on account open date.
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Return to content, Footnote 2
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. 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.
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Return to content, Footnote 3
The daily ledger 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.
Deposit products are offered by U.S. Bank National Association. Member FDIC.
U.S. Bank