The interest rates and Annual Percentage Yields (APYs), including any applicable rate bumps, are applicable to U.S. Bank Smartly® Savings accounts opened today. If you are an existing U.S. Bank consumer savings or money market clients, or if you had a U.S. Bank consumer savings or money market account closed in the past 90 days, the advertised rates on this rate sheet may not apply. To review your personalized interest rate and potential rate bumps, please log in to Online Banking or the Mobile App, or contact a banker. You can also select Products & Offers to see your personalized rate.

The interest rates and APYs, including any applicable rate bumps, are current as of today's date. An initial deposit of at least $25 is required to open an account. Interest rates and APYs, including any applicable rate bumps, are variable and subject to change at the bank’s discretion at any time, including after the account is opened.

Eligibility for an interest rate bump: An interest rate bump is applied to a U.S. Bank Smartly® Savings account when at least one account holder maintains a valid and in-good-standing eligible product. U.S. Bank Smartly Savings accounts without a qualified and eligible associated denoted product will not receive an interest rate bump. The interest rate bump will vary based on Combined Qualifying Balances (CQB). One of the following eligible and in-good-standing products must be maintained:

• U.S. Bank Smartly® Checking
• Safe Debit account
• U.S. Bank Smartly™ Visa Signature® Card

What eligible products are included in your CQB: TThe following products offered by U.S. Bank and its affiliates are eligible for inclusion in your CQB:

• Consumer checking, money market, savings, Certificate of Deposits (CDs), and/or Individual Retirement Accounts (IRAs)
• Personal Trust accounts
• U.S. Bancorp Advisors brokerage accounts

Note: Business and commercial products are never eligible.

Qualified Balance: Funds on deposit in an eligible product, where you have ownership interest, are counted towards your CQB.

• Examples of eligible customer to account relationship types, include, but are not limited to: Individual owner, joint owner, principal non-signer.

Conversely, funds on deposit in an eligible product that do not grant ownership interest, are not counted towards your CQB.

• Examples of ineligible customer to account relationship types, include, but are not limited to: Trustee (IFI), Grantor (GRT), all Irrevocable Trust roles, Payable on Death, Representative Payee, Guardian.

How is your CQB calculated: For jointly owned U.S. Bank Smartly Savings accounts, each owner’s qualifying balances will be reviewed. The interest rate bump and balance range information will be visible to all owners on the joint account. There are two CQB calculations completed for every customer.

• Monthly – Upon the opening of your first account, and thereafter at the beginning of each calendar month, your historical average CQB is calculated by summing all available previous days qualified balances and dividing by the number of days since the first eligible product was opened (90 calendar day maximum).
• Daily – Each day your CQB is calculated by totaling your end of day qualified balance on deposit in an eligible product.

How is your Smartly Interest Rate Bump Tier determined: After the eligible product verification is completed, on the next business day we will determine your Smartly Interest Rate Bump Tier. Your tier is based on the better of your daily or monthly CQB calculation. Once a tier has been assigned to you, it will not be downgraded for the remainder of that calendar month. However, at any point during a calendar month, you may receive a tier upgrade based upon your daily CQB. Assignment of an initial tier, monthly tier upgrade or downgrade, and/or daily tier upgrades generally are applied within five business days.

For individually owned U.S. Bank Smartly Savings accounts, the tier is determined by the individual owner's tier. For jointly owned U.S. Bank Smartly Savings accounts, the tier is set according to the highest tier held by any account owner. All account holders will be able to view the designated account tier. If you have multiple U.S. Bank Smartly Savings accounts, the applicable tier on each account may vary depending on its ownership structure.

Determination of account interest rate and accruals: The total interest rate applied to the eligible U.S. Bank Smartly Savings account balance is calculated by adding the interest rate bump to the standard interest rate. For existing clients, to review your personalized interest rate and potential rate bumps, please log in to Online Banking or the Mobile App, or contact a banker directly. You can also select Products & Offers to access your personalized rate. If a U.S. Bank Smartly Savings account is closed, interest will no longer accrue, and any previously accrued interest will not be disbursed. Should the required qualifying eligible products (U.S. Bank Smartly Checking, Safe Debit account or a U.S. Bank Smartly™ Visa Signature® Card) be closed while the Smartly Savings account remains active, the interest rate bump eligibility may be immediately discontinued. Additionally, any changes to the ownership structure of the U.S. Bank Smartly Savings account may result in immediate termination of the interest rate bump.

Balance and interest information:

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 at any time. 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. 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.

Bank Smartly Savings account Monthly Maintenance Fee: The $5 monthly maintenance fee is waived when you are an owner of a Bank Smartly® Checking, Safe Debit account, Bank Smartly™ Visa Signature® Card, or for accounts with a minor under the age of 18.

ATM Transaction Fee. U.S. Bank will assess this fee for each ATM Transaction conducted at the Non-U.S. Bank ATM. This means that you may be charged more than one ATM Transaction fee at a Non-U.S. Bank ATM during a single ATM session. 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. However, a Non-U.S. Bank ATM Transaction Fee may be assessed on transactions at a MoneyPass ATM.

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.

Overdraft Protection Transfer Fees are waived on U.S. Bank Smartly Checking accounts. 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. Please note, if you have Overdraft Protection and your account becomes overdrawn, Overdraft Protection funds will be accessed before the account is eligible for Overdraft Fee Forgiven. No Overdraft Protection Transfer Fee(s) will be charged for transfers from linked deposit accounts.

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

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.

FDIC insured to the maximum allowed by law.