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Open a new Elite Money Market Account by May 16, 2023 and put your savings to work with a 3.85% APY.
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.
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.
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.
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.
Opening an account typically takes less than five minutes.
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.
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.
Get a 3.85% APY when you open an account by May 16, 2023 with a daily balance of $25,000 to $499,999.99.1
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:
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
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.
Enjoy industry-leading, secure digital banking tools and services that allow you to bank how, when and where you want.
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.
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
A money market account (also known as a money market deposit account or money market savings account) is a mix between a checking and savings account. It has features from both types of accounts, offering the debit card and check-writing privileges of a checking account with the interest-bearing nature of a savings account.
Open a money market account to start growing your savings.
With a money market account, you earn interest on the money deposited into the account, just like how a savings account works. When opening the account, a minimum deposit is typically required, and a fee may be charged if the balance falls below a certain threshold.
Most money market accounts have a variable interest rate, that fluctuates over time as market conditions change. It’s also common for these accounts to have tiered rates, meaning higher balances are rewarded with a higher APY.
Yes. As with other deposit accounts, the FDIC insures money market accounts up to $250,000 per depositor, per insured bank, for each account ownership category.
Yes, money market accounts allow you to safely store your funds while earning interest. The money in the account is FDIC-insured for up to $250,000.
Money market accounts give you access to your money, whenever you need it, and a variable interest rate. CDs require you to leave your money untouched for an agreed upon time, known as the term length, and usually have a fixed rate.
Ready to grow your savings with a money market account? Get started by opening an account.
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