Fast, easy access to your money.
Save money and watch it grow by earning interest on your account balance. Open an account online in minutes with a minimum opening deposit of $25.
Your Monthly Maintenance Fee may be waived.
Meet any one of the following criteria and we’ll waive the $4 Monthly Maintenance Fee:
- You maintain a $300 minimum daily ledger balance1
- You have a $1,000 average monthly collected balance2
- The account holder(s) is age 17 or younger3
As a State Farm Alliance customer, open a U.S. Bank Smartly® Checking account and you are automatically enrolled into the Primary tier of U.S. Bank Smart Rewards.® That means you’ll earn an interest rate lift on your Standard Savings account and we’ll waive your Monthly Maintenance Fee.
Note: APY is the effective annual rate of return, taking into account the effect of compounding interest.
| Tiers | APY | Interest rate |
|---|
Benefits for all U.S. Bank savings accounts
Open any U.S. Bank savings account and enjoy the following benefits:
- $0 ATM transaction fees at U.S. Bank ATMs
- $0 overdraft protection transfers: Get automatic coverage of negative checking balances when you link your savings account to your checking account.
- Account alerts: set up email or text message reminders about low balances, transfers and other important activity5
- Automated savings options: Link your savings account to another U.S. Bank account and set up recurring transfers
- E-statements: Quickly access your savings account statements online anytime. They’re automatically archived, and they’re free.
For more information on features and pricing, check out the State Farm Addendum Consumer Pricing Information (PDF) and Your Deposit Account Agreement
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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.
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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 account holder reached reaches 18 years of age. Account holder(s) age 13-17 will receive the monthly maintenance fee waiver under the Youth customer group. In the event the account holder is not currently a signer on the account, the account holder must visit a branch with the custodian/guardian on the account to gain authority to access account funds.
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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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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.
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In its Q3 2021 Mobile Banker Scorecard, the industry benchmarking firm Keynova Group ranked U.S. Bank #1 overall in mobile banking, including No.1 for mobile app.
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The 2021 Kiplinger Best Financial Customer Service rankings gave U.S. Bank the highest score among mortgage lenders in its survey for best mortgage digital capabilities.
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In Business Insider Intelligence’s fourth annual US Mobile Banking Competitive Edge Study in 2020, the U.S. Bank Mobile App was been ranked No.1 in customer service features.
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In its 2021 Mobile Deposit Benchmark report, Cornerstone Advisors rated the U.S. Bank Mobile App check deposit feature as number one in the industry for customer experience based on factors including deposit limits, error prevention, real-time status updates, auto-capture functionality and more.
Deposit products are offered by U.S. Bank National Association. Member FDIC.
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U.S. Bank, 800 Nicollet Mall, Minneapolis, MN 55402
U.S. Bank