Benefits for all U.S. Bank savings accounts
Mobile and online banking
Secure access to your account makes it easy to stay in control of your finances, wherever you are online.
Automated savings options
Set up recurring transfers to your savings account from another U.S. Bank account, and see your savings grow.
Statements for savings accounts are archived automatically online for fast access anytime – and best of all, they’re free.
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.
Overdraft protection option
Your savings account can be linked to your checking account to provide automatic coverage of negative checking balances.
Custom account alerts
You can set up email or text message reminders about transfers, low balances and other important activity on your account.2
Get an account
$25 minimum opening deposit
$0 or $4 monthly maintenance fee
Pricing and features
For more detailed information, see State Farm Addendum and Consumer Pricing Information and Your Deposit Account Agreement (PDF).
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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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Account Alerts – For text alerts, standard messaging charges apply through your mobile carrier and message frequency depends on account settings.
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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.
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Average monthly collected balance – The average monthly collected balance is calculated by adding the principal in the account for each calendar day in the statement period and dividing that figure by the total number of calendar days in the statement period.
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Account will be assessed the monthly maintenance fee when the minor reaches 18 years of age. In the event the minor is not currently a signer on the account the minor must visit a branch with the custodian/guardian on the account to gain authority to access account funds.
Deposit products are offered by U.S. Bank National Association. Member FDIC.