How to get a monthly maintenance fee waiver

Meet any one of the following criteria and we’ll waive the $4 monthly maintenance fee:

  • Maintain a $300 minimum daily balance1
  • Have a $1,000 average monthly collected balance2
  • Hold the account with an individual age 12 and under3
  • Open a U.S. Bank Smartly® Checking account and enroll in the Smart Rewards® Primary tier or above

Note: Adults wishing to open a Standard Savings account with an individual age 12 and under must do so together in a branch.

Standard Savings account benefits

Open a U.S. Bank Standard Savings account and enjoy the following benefits.

  • $0 ATM transaction and surcharge fees at U.S. Bank ATMs4
  • $0 overdraft protection transfer fees made from an eligible linked U.S. Bank deposit account5
  • Account alerts: Set up email or text message reminders about low balances, transfers and other important activity6
  • Automated savings options: Link your savings account to another U.S. Bank account and set up recurring transfers
  • E-statements: Quickly access your savings account statements online anytime. They’re automatically archived, and they’re free

For more information on features and pricing, check out the Consumer Pricing Information (PDF) and Your Deposit Account Agreement (PDF).

Standard Savings rates

Below are the effective Annual Percentage Yield (APY) and interest rate for the Standard Savings account. The APY takes into account the effect of compounding interest.

The Annual Percentage Yield (APY) and interest rates are effective as of date for zipcode (Edit)

Enter your ZIP code

Daily balance*


Interest rate

$ to $

  • Daily balance*

  • $ to $

  • APY
  • Interest rate

Enter your ZIP code



Interest rate

$ to $

  • Tier

  • $ to $

  • APY

  • Interest rate

The verdict is in…. Our app is #1.

More than one million clients have given the U.S. Bank Mobile App an overall rating of five stars. Industry experts ranked us #1 for:

  • Best mobile app7
  • Best digital mortgage tools8
  • Best client service features9
  • Best mobile check deposit10
Logo of the Apple App Store   Logo of the Google Play Store
Start of disclosure content
  1. 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.

  2. The average monthly collected balance is calculated by adding the principal in the account for each calendar day in the statement period and dividing that figure by the total number of calendar days in the statement period.

  3. Account may be assessed the Monthly Maintenance Fee when the account holder reaches 18 years of age. Account holder(s) age 13–17 will receive the monthly maintenance fee waiver under the Youth customer group. In the event the account holder is not currently a signer on the account the account holder must visit a branch with the custodian/guardian on the account to gain authority to access account funds.

  4. ATM Transaction FeeU.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 “visit the MoneyPass locator” at the bottom of our ATM locator search results to be taken to the MoneyPass website. If you use an ATM that uses the MoneyPass® Network and are charged a surcharge fee, please call 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.

  5. If you have linked eligible accounts and the negative Available Balance in your checking account is $5.01 or more, the advance amount will transfer in multiples of $50. If, however, the negative Available Balance is $5 or less, the amount advanced will be $5. The Overdraft Protection Transfer Fee is waived if the negative Available Balance in your checking account is $50 or less.

    Note: If you have Overdraft Protection and your account becomes overdrawn, Overdraft Protection funds will be accessed before the account is eligible for U.S. Bank Overdraft Fee Forgiven.

    Refer to Your Deposit Account Agreement (PDF) section titled Overdraft Protection Plans for additional information.

  6. 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.

  7. Digital financial services benchmarking firm Keynova Group ranked U.S. Bank #1 for mobile banking apps in its Q3 2023 Mobile Banker Scorecard.

  8. The 2021 Kiplinger Best Financial Customer Service rankings gave U.S. Bank the highest score among mortgage lenders in its survey for best mortgage digital capabilities.

  9. In Business Insider Intelligence's fourth annual US Mobile Banking Competitive Edge Study in 2020, the U.S. Bank Mobile App was ranked No. 1 in customer service features.

  10. In its 2021 Mobile Deposit Benchmark report, Cornerstone Advisors rated the U.S. Bank Mobile App check deposit feature as number one in the industry for customer experience based on factors including deposit limits, error prevention, real-time status updates, auto-capture functionality and more. 

Start of disclosure content

* 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.

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