U.S. Bank Standard Savings $200 Bonus

U.S. Bank logo

U.S. Bank : Standard Savings

$200

Offer Expires In

How To Earn The Bonus

  1. Open a new U.S. Bank Standard Savings account from U.S. Bank, member FDIC.
  2. By February 28, 2023 complete deposit(s) of $25,000 or more.
  3. Until May 31, 2023 maintain a total account balance of $25,000.
  4. The $200 bonus will be credited to your new savings account within 30 days of final savings account balance verification.

Available in Your Area?

No

Monthly Fees?

Yes

Open Online?

Yes

Credit Pull?

Unknown

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at U.S. Bank

U.S. Bank is offering a $200 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. Unfortunately, the terms aren't super favorable.

You'll need to deposit $25,000 to earn the $200 bonus, and then maintain that balance through May of this year. If you deposit the cash at the last possible moment (it needs to be in your account by February 28), the $200 bonus represents an effective 3.25% rate on your savings. Not bad, but not the absolute highest out there, either.

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 $400 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 $200 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 February 28, 2023 complete deposit(s) of $25,000 or more.
  3. Until May 31, 2023 maintain a total account balance of $25,000.
  4. The $200 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
41 days
Requires
  • Min Balance

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.

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.

Fortunately, U.S. Bank has a total of 2257 branches in the United States.

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

1512 Ogden Avenue
Downers Grove, IL 60515

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1702 Eastland Drive
Bloomington, IL 61704

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1071 Grand Avenue
Saint Paul, MN 55105

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4000 West Broadway
Robbinsdale, MN 55422

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1000 Payne Avenue
Saint Paul, MN 55130

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9800 15th Avenue, S.W.
Seattle, WA 98106

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8780 Horton Highway
College Grove, TN 37046

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203 South 2nd Avenue
Rock Rapids, IA 51246

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4100 West 50th Street
Edina, MN 55424

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25 East Washington Street
Chicago, IL 60602

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12579 Main Street
Martin, KY 41649

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214 South Spring Street
Hermitage, MO 65668

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