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Steven is a personal finance writer covering topics from mortgages to credit cards to market news. He has written for The Motley Fool Canada, Ramsey Solutions, Nerdwallet, Clever Real Estate, and other major outlets. Steven launched his writing career at the age of four with his first book, "Revenge of the Bad Guys." He currently lives in Portland, Oregon.
Eric McWhinnie has been writing and editing digital content since 2010. He specializes in personal finance and investing. He also holds a bachelor’s degree in Finance.
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APY = Annual Percentage Yield. APYs are subject to change at any time without notice.
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 Bonus: Earn $450 with $7,500 or more direct deposit
3.50/5
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
Rating image, 3.50 out of 5 stars.
3.50/5
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
Overdraft protection tools and Overdraft Fee Forgiveness program
Opportunity to earn account welcome bonus
Wide variety of account tools
Zero fraud liability
Award-winning app
Fee waiver requirements
Account APY undisclosed
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:
Open a U.S. Bank Smartly® Checking account by Sept. 26, 2024, with $25. You must open this account online on the U.S. Bank offer page or use promo code 2024JUL on your account application.
Enroll in online banking or download the U.S. Bank app. You must do this sometime within the first 90 days.
Make at least two eligible direct deposits within the first 90 days. Your bonus will depend on the combined total of your direct deposits.
Earn $250 with total direct deposits between $2,000 and $4,999.99
Earn $350 with total direct deposits between $5,000 and $7,999.99
Earn $450 with total direct deposits of $8,000 or more
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:
Maintain an average account balance of $1,500 or more
Have combined monthly direct deposits totaling at least $1,000
Have a qualifying U.S. Bank personal credit card that's in good standing
Be 24 or younger or 65 or older
Be a member of the military
Offer expires: After Sept. 26, 2024.
Platinum and Silver Business Checking Accounts: Earn up to $300 or $800
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
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
Earn up to a $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL24 and complete qualifying activities, subject to certain terms and limitations. Offer valid through September 16, 2024. Member FDIC.
APY
0%
Min. To Earn APY
N/A
No monthly fees
125 free monthly transactions
Discounted checks
Low minimum deposit
Large branch and ATM network
Card payment processing and cash management services available
Not interest-bearing
Can be costly for businesses with high transaction volumes
Transaction limits
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.
Earn up to a $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL24 and complete qualifying activities, subject to certain terms and limitations. Offer valid through September 16, 2024. Member FDIC.
APY
0%
Min. To Earn APY
N/A
Monthly maintenance fee is waivable
500 free transactions per month
$20,000 in free cash deposits per statement cycle, or 200 free cash transactions, whichever comes first
50% discount on first check order with Deluxe, up to $100
Free mobile check deposit
Monthly maintenance fee applies if not waived
Not interest bearing
Free monthly transaction and cash deposit limitations
Open a U.S. Bank Silver Business Checking or U.S. Bank Platinum Business Checkingaccount by Sept. 16, 2024. If you're opening an account online, use promo code "Q3BUS24."
Deposit at least $5,000 or $30,000 in new money within 30 days. You'll get a $300 bonus when you deposit $5,000 in a U.S. Bank Silver Business Checking account and $800 bonus when you deposit $30,000 in a U.S. Bank Platinum Business Checking account.
Maintain that balance for at least 60 days after opening your account.
Receive your bonus. U.S. Bank will deposit your bonus into your account within 30 days after satisfying the criteria.
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.
EXPIRED: U.S. Bank Standard Savings Account Bonus: Earn $100 with $15,000 deposit
2.50/5
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
Rating image, 2.50 out of 5 stars.
2.50/5
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
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.
Make new money deposit(s) totaling $15,000 or more by July 31, 2024
Maintain that balance until Oct. 31, 2024
How you earn it:
Open a U.S. Bank Standard Savings Accountwith a $25 deposit by July 15, 2024. You must open this account online on the U.S. Bank offer page or use promo code 24WEB06 on your account application.
Deposit $15,000 or more in new money by July 31, 2024. It has to be new money, or funds that are not currently held within a U.S. Bank account.
Maintain that total account balance until Oct. 31, 2024. Be careful of fees: If your account is reduced by any fees, you'll need to add money to keep your balance at or above $15,000.
Receive your bonus. The bonus will be credited to your account within 30 days after the requirements are satisfied.
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:
Keep a daily balance of $300
Maintain an average balance of $1,000 or higher for the month
Have an account holder who is age 17 or younger
Open a U.S. Bank Smartly® Checking account and enroll in Smart Rewards®
Offer expires: After July 15 2024.
What else should you know about U.S. Bank bonuses?
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.
Are U.S. Bank promotions worth it?
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.
Compare savings rates
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.
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 4.60%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
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.
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.
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.
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.
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Eric McWhinnie
