U.S. Bank Standard Savings $100 Bonus

U.S. Bank is offering a $100 bonus for opening a new Standard Savings account. The account charges a $4 monthly fee, but that's easily waived by maintaining just $300 in the account – meaning that, for most, the account will be free.

This is the first savings account bonus offer we've seen from U.S. Bank in quite a while. This time around they lowered the bonus, but also lowered the required deposit amount, which makes it a little more attainable.

You'll need to deposit $15,000 to earn the $100 bonus, and then maintain that balance through August of this year. If you deposit the cash at the last possible moment (it needs to be in your account by July 14).

That said, U.S. Bank is a solid choice – particularly for those on the west coast – and if you value the convenience of having your savings and checking accounts at the same institution, then going after this easy savings bonus combined with the additional bonus when you open U.S. Bank Smartly™ Checking account can certainly make a lot of cents (pun intended).

How To Earn The Bonus

The U.S. Bank Standard Savings promotion requires you to deposit and maintain a minimum balance in order to earn the $100 bonus.

Full requirements to receive this bonus are:

1. Open a new U.S. Bank Standard Savings account from U.S. Bank, member FDIC.
2. By July 14, 2023 complete deposit(s) of $15,000 or more.
3. Until Oct 31, 2023 maintain a total account balance of $15,000.
4. The $100 bonus will be credited to your new savings account within 30 days of final savings account balance verification.

The fine print

• Offer is not valid if you or any signer on the account have an existing U.S. Bank savings account, had a U.S. Bank consumer savings account in the last six months, or received other U.S. Bank savings bonus offers within the past twelve months.

How does this personal savings offer from U.S. Bank compare?

To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:

Discover

Online Savings Account

Bonus

up to $200

Account Type

Personal Savings

Expires In

80 days

Requires

• Min Balance

Full Details

Citi®

Citi® Accelerate Savings

Bonus

4.35% APY

Account Type

Personal Savings

Expires In

Limited Time

Requires

• Min Balance

Full Details

TD Bank

Personal Savings Account

Bonus

$200

Account Type

Personal Savings

Expires In

36 days

Requires

• Min Balance

Full Details

Why U.S. Bank?

U.S. Bank is the consumer banking division of U.S. Bancorp, which is the fifth-largest banking institution in the United States.

The bank traces its history back to 1863 when it was first opened as the First National Bank of Cincinnati. Following a series of mergers and acquisitions in the early 2000s, U.S. Bank officially established its headquarters in Minneapolis, Minnesota, and now operates more than 2,200 physical branches across the Midwest and Western U.S.

U.S. Bank offers a wide range of both personal and small business accounts, and they often offer new customers generous promotions in exchange for opening a new U.S. Bank account.

Learn more in our U.S. Bank review

Standard Savings

Fees

Standard Savings does charge a monthly fee of $4, but there are ways to get this waived:

• Maintain a daily balance of $300.
• OR, have a $1,000 average monthly collected balance.
• OR, be under age 18.

U.S. Bank Locations

You may sometimes be required to visit a branch in-person to take advantage of a welcome offer. Or, you may just prefer the convenience of banking with institutions that have locations near you.

Get a better idea of how well U.S. Bank can serve you by checking out their branches closest to your area: