What is a savings account?

A savings account is a great way to reach your financial goals by saving money over time. Types of savings accounts include: 

  • Basic savings
  • Money market
  • Certificates of deposit

How does a savings account work?

A savings account provides a safe place to put cash that you don’t need right away. It may accrue interest and can help you save money for a specific goal like a vacation or new vehicle, or provide funds for unexpected expenses.     

All our savings accounts include:

  • Branches in more than 25 states
  • One of the largest ATM networks in America
  • No surcharges at MoneyPass® Network ATMs5
  • Find a branch or ATM near you, in the app or at locations.usbank.com

Compare savings accounts

Use this handy chart to determine which type of account is best for your needs and goals.

Compare savings accounts

Learn more about personal finance.

Check out these helpful articles to find answers to questions about savings accounts or brush up on other financial topics. 

Checking and savings smarts: Make your accounts work harder for you.

Learn which type of account to use to achieve your financial goals. 

Does your savings plan match your lifestyle?

You already have short- and long-term goals in mind. The next step is figuring out the most effective way to save.


How saving gives you peace of mind

Healthy money habits deliver a sense of well-being, no matter how much you earn.

Why U.S. Bank? It’s all about access.

No matter which account you choose, you’ll have access to the tools and support you want.

Mobilize your life.

Pocket the power to bank on your own schedule with the U.S. Bank Mobile App. Simply sign in with a touch or a glance to manage your finances with your fingertips.

We’re where you need us.

Need quick cash? Want a face-to-face chat with a banker? As a U.S. Bank customer, you have access to one of the largest ATM networks in America.

Ready to get started?