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U.S. Bank is currently offering some of the best promotions for new checking and savings accounts. To see if you qualify, check out the details below.
U.S. Bank Smartly® Checking
U.S. Bank is the fifth-largest bank in the U.S. in terms of assets. With its Smartly checking account you can earn special benefits when you enroll in the Smart Rewards™ program. With its digital security coverage, you are not liable for unauthorized transactions that are initiated online at usbank.com or through the U.S. Bank Mobile App as long as you let it know right away.
The monthly maintenance fee can be waived for customers who meet certain criteria. U.S. Bank also provides security alerts, personalized financial insights, and financial goal setting through its award-winning app.
How you earn it:
4. Receive your bonus. The bonus will be credited to your account within 60 days of meeting the offer requirements.
How you qualify: Use promo code 2024JUL on your application page. Plus, you cannot currently have a U.S. Bank personal checking account, nor have had one in the last two years. This also applies to anyone listed on the account, like a spouse.
Finally, your account must still be open with a positive balance at the time when the bonus is deposited.
Where to open an account: Online, in a U.S. Bank branch, or over the phone.
Monthly fees: $6.95, which can be waived through one of the following:
Offer expires: After Sept. 26, 2024.
U.S. Bank Silver Business Checking
On U.S. Bank's Secure Website.
On U.S. Bank's Secure Website.
The U.S. Bank Silver Business Checking account is a good fit for small business owners who aren't ready to pay for a business checking account. Its feature list may not be as robust as some of its competitors, but it comes with all the tools you need to manage your funds as well as a decent number of free monthly transactions.
U.S. Bank Platinum Business Checking
On U.S. Bank's Secure Website.
On U.S. Bank's Secure Website.
How you earn it:
How you qualify: You cannot currently have a U.S. Bank Business Checking account, nor have had one in the last 12 months.
Where to open an account: Online, in person, or over the phone.
Monthly fees: The U.S. Bank Silver Business Checking account does not have a monthly fee. Meanwhile, a U.S. Bank Platinum Business Checking account has a $30 fee that's waivable by maintaining $25,000 in your account or having $75,000 in combined average collected business deposits and outstanding credit.
Offer expires: After Sept. 16, 2024.
U.S. Bank Standard Savings Account
The U.S. Bank Standard Savings Account is a great choice for savers who are more concerned with ease of access and a top-notch digital banking experience than maximizing the interest earned in their account.
Earn $100 with a new U.S. Bank Standard Savings Account.
How you earn it:
How you qualify: Like the U.S. Bank Smartly® Checking account, you must use promo code 24WEB06. In addition, you cannot already have a U.S. Bank Standard Savings Account, nor have had one in the last six months. You also won't be eligible if you got a bonus from a U.S. Bank savings account or money market account in the last 12 months.
Where to open an account: Online, in person, or over the phone.
Monthly fees: $4 maintenance fee, which can be waived in the following ways:
Offer expires: After July 15 2024.
The biggest thing to keep in mind is account fees. Most of the accounts listed above have a monthly fee, along with options to waive it. As long as you meet the criteria to waive the fee, you'll have nothing to worry about. However, if fee waivers are a hassle, you might be better off looking at free checking or savings accounts.
U.S. Bank currently offers some of the most competitive bonuses for its checking accounts. While other banks offer $200 to $400 as welcome bonuses for new customers, U.S. Bank will give you up to $450 for U.S. Bank Smartly® Checking.
That said, the criteria aren't exactly low (you need at least $8,000 in direct deposits). If you can't satisfy the requirements, you might be better off looking at other bank bonuses.
Make sure you're getting the best account for you by comparing savings rates and promotions. Here are some of our favorite high-yield savings accounts to consider.
Account | APY | Promotion | Next Steps |
---|---|---|---|
Open Account for SoFi Checking and Savings
On SoFi's Secure Website.
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
up to 4.50%²
Rate info
You can earn the maximum APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.
Min. to earn: $0
|
New customers can earn up to a $300 bonus with qualifying direct deposits!¹
|
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. |
Open Account for UFB Portfolio Savings Account
On UFB's Secure Website.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
5.15%
Rate info
To ensure you keep getting the highest rate at UFB, you'll need to keep an eye on their rates. Occasionally, the bank launches new accounts with higher rates. Existing accounts need to contact the bank to request being moved to one of these new accounts.
Min. to earn: $0
|
N/A
|
Open Account for UFB Portfolio Savings Account
On UFB's Secure Website. |
Open Account for Capital One 360 Performance Savings
On Capital One's Secure Website.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
4.25%
Rate info
See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of April 11, 2024. Rates are subject to change at any time before or after account opening.
Min. to earn: $0
|
N/A
|
Open Account for Capital One 360 Performance Savings
On Capital One's Secure Website. |
Our methodology for scoring banks and credit unions revolves around evaluating key aspects such as annual percentage yield (APY), brand reputation, fees and minimum requirements, and additional perks.
These criteria are weighted differently across various account types, ensuring a comprehensive assessment that reflects the competitive landscape and economic conditions.
We strictly feature products that offer federal insurance and high customer satisfaction, keeping our recommendations unbiased by advertiser influence. This robust evaluation process helps us generate balanced, reliable best-of lists that guide consumers to top financial products.
Learn more about how The Motley Fool Ascent rates bank accounts.
Yes, bank bonuses are considered taxable income, so it's wise to set some of your bonus aside for taxes. During tax season, U.S. Bank will likely send you a 1099-INT form, which you can use to report your interest income on your taxes.
Yes, as long as you're considered a new account holder, you can qualify for multiple promotions. For example, if you open a U.S. Bank Smartly® Checking and U.S. Bank Silver Business Checking account at the same time, you could technically earn $750 by meeting all the criteria.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.