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Account benefits

Get more bang for your buck.

With our Elite Money Market Account, you’ll enjoy all the benefits of a traditional checking account, but with tiered interest rates that pay more for higher balances than a standard savings account. Plus, you can access your funds at any time unlike with certificates of deposit (CDs) that require your money to be untouched for a set timeframe.

Additional benefits include:

Confidence and security

Get the added protection of the Federal Deposit Insurance Corporation (FDIC). Your Elite Money Market Account at U.S. Bank is FDIC-insured up to $250,000.

Easy access to funds

Tap into your account whenever you need it by using a debit card or check, transferring money or accessing one of the largest ATM networks in America.

Award-winning digital tools

U.S. Bank was ranked #1 overall in mobile banking, including #1 for our mobile app.2 With the U.S. Bank Mobile App, you can manage cash easily, move money safely and save and spend wisely.


Explore today’s competitive money market rates.

The Annual Percentage Yield (APY), which is the effective annual rate of return including the effect of compounding interest, and the money market interest rates listed below are effective as of date for zipcode (Edit)

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Daily balance*


Interest rate

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  • Daily balance*

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  • APY
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Get started

Put your savings to work in three simple steps.

Opening an account typically takes less than five minutes.

Open an account.

Get started by answering a few quick questions about yourself. You can apply via our mobile app, online banking or in person at any of our 2,100 branches.

Fund your account.

Start saving with a minimum opening deposit of $100.1 You can fund your account with an internal or external transfer or even a debit or credit card.

Maximize your earnings.

Get a 4.50% APY when you open an account by October 16, 2023 with a daily balance of $25,000 or more.1

Account features

Take advantage of even more benefits.

Our Elite Money Market Account gives you the interest-earning power of a savings account, plus the features and benefits of a checking account, like:

No maintenance fees

Save on maintenance fees when you open a U.S. Bank Smartly® Checking account and enroll in the Smart Rewards® Primary tier or above or maintain a $10,000 minimum daily balance.3

Overdraft protection

Avoid the inconvenience of an unexpected shortage of funds by linking your account to a U.S. Bank Smartly® Checking account. See Your Deposit Account Agreement for a full list of options.

Mobile and online banking

Enjoy industry-leading, secure digital banking tools and services that allow you to bank how, when and where you want.

Custom account alerts

Get text or email reminders about transfers, low balances and other important account activity.4


Access statements through mobile and online banking anytime, free of charge.

Extensive ATM network

Save on ATM transaction fees at U.S. Bank ATMs and gain access to one of the largest branch and ATM networks in America.5


Explore helpful savings education.

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Get answers to common questions about money market accounts.

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* You must maintain the minimum balance needed for each tier in order to earn the Annual Percentage Yield (APY) disclosed. All rates and APYs are subject to change after the account is opened. Fees could reduce earnings on the account. Interest rates currently offered on applicable deposit accounts are determined at the bank's discretion and may change daily. We use the daily balance method to calculate interest on all deposit accounts. This method applies a daily periodic rate to the principal in the account each day. Interest on your check deposit begins to accrue on the business day we receive credit for your applicable deposit accounts. Interest will be compounded daily and credited to your account monthly for all savings accounts, except Standard Savings, which is paid quarterly. If you close your account before interest is credited you will not receive the accrued interest.

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  1. A minimum opening deposit of $100 is required to open a U.S. Bank Elite Money Market account. Interest rates are determined at the bank’s discretion and can change at any time. Between July 28, 2023 and October 16, 2023, open a new Elite Money Market account and receive an Annual Percentage Yield (APY) of 4.50% on balances at or above $25,000. Balances below $25,000 will receive the standard variable interest rate in effect at the time. The following total account balance tiers and APYs are accurate as of July 28, 2023 and are dependent on geographical area: Under $10,000: 0.01% or 0.05%; $10,000 to $24,999.99: 0.01% or 0.05%; $25,000 to $49,999.99: 4.50%; $50,000 to $99,999.99: 4.50%; $100,000 to $499,999.99: 4.50%; $500,000 and above: 4.50%. Interest will be compounded daily and credited to your savings account monthly. Fees could reduce earnings on the account.

    This offer is applicable to accounts opened at the participating branch, within U.S. Bank footprint, over the phone or online. Current U.S. Bank employees are eligible.

    Other restrictions may apply. All regular account opening procedures apply. For a comprehensive list of account pricing, terms and policies, see the Your Deposit Account Agreement (PDF) and the Consumer Pricing Information (PDF) disclosure. These documents can be obtained by contacting a U.S. Bank branch or calling 800-872-2657.

  2. Digital financial services benchmarking firm Keynova Group ranked U.S. Bank #1 for mobile apps in its Q1 2023 Mobile Banker Scorecard.

  3. The daily balance is the balance at the end of each business day, equal to the beginning balance for that day plus the current business day credits, minus the current business day debits. Business days are Monday through Friday; federal holidays are not included.

  4. Text messaging fees – For text alerts, standard messaging charges apply through your mobile carrier and message frequency depends on account settings. Check with your carrier for specific fees and charges. Please be advised that the alerts may not be sent immediately.

  5. ATM Transaction Fee.  U.S. Bank will assess this fee for each ATM Transaction conducted at the Non-U.S. Bank ATM.  Non-U.S. Bank ATMs are defined as any ATM that does not display the U.S. Bank logo in any manner, physically on the ATM or digitally on the screen.

    ATM Surcharge.  Non-U.S. Bank ATM owners may apply a surcharge fee on ATM transactions at their ATMs. U.S. Bank participates in MoneyPass®, an ATM surcharge free network. To find MoneyPass® ATM locations, select “Show MoneyPass® ATM Network locations” in the ATM locator. If you use an ATM that uses the MoneyPass® Network and are charged a surcharge fee, please contact us at 800-USBANKS (872-2657) for a refund of the surcharge fee.

    Please refer to the Consumer Pricing Information (PDF) disclosure section titled Miscellaneous Checking, Savings or Money Market Fees for a summary of ATM transaction fees.

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Deposit products are offered by U.S. Bank National Association. Member FDIC.