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U.S. Bank offers a variety of terms for its certificates of deposit; however, the bank's rates are lackluster by and large.
The bank offers standard CDs with terms ranging from one month to 60 months. It also offers several special CDs. While its promotional CDs have more compelling rates, you can still find higher rates elsewhere. Even some online savings accounts will pay you more interest.
Illinois CD Rates 2021 Below are the best one-year CD Rates from banks in Illinois. One-year CDs are usually the most popular term and offer a decent yield without having to lock-up money for an extended period of time. US Bank CD Interest Rates. Account Details APY Updated; US Bank 5 Year CD Rates: 0.75%. US Bank 4 Year CD Rates: 0.50%. US Bank 3 Year CD Rates. US Bank CD Special offers an APY starting at 0.25% and ranging up to 1% (APY stands for annual percentage yield, rates may change). What types of terms does US Bank CD Special offer? US Bank offers CD terms of the following lengths. Barclays Online CD Annual Percentage Yield (APY) for the CD term(s) mentioned above is valid as of XX/XX/XXXX. No minimum opening balance or deposit required to open. Fees could reduce earning on the account. Rates may change at any time without prior notice, before the account is opened. Besides its no-penalty CD, Ally Bank also offers a checking account, a money market account, term CDs, and two terms of a Raise Your Rate CD. CIT Bank: 11 months, 0.30% APY; $1,000 minimum.
U.S. Bank earned a 2.7 out of 5 in Bankrate's overall rating.
U.S. Bank CD rates
Free coin master spins 2021. Here's more information about U.S. Bank's standard CD rates.
Account name | Term | APY | Minimum deposit |
CD | 1 month | 0.05% | $500 |
CD | 2 months | 0.05% | $500 |
CD | 3 months | 0.05% | $500 |
CD | 6 months | 0.05% | $500 |
CD | 9 months | 0.05% | $500 |
CD | 12 months | 0.05% | $500 |
CD | 18 months | 0.05% | $500 |
CD | 24 months | 0.05% | $500 |
CD | 36 months | 0.10% | $500 |
CD | 48 months | 0.15% | $500 |
CD | 60 months | 0.25% | $500 |
Here's more information about U.S. Bank's special CD rates.
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Account name | Term | APY | Minimum deposit |
Special CD | 11 months | 0.10% | $1,000 |
Special CD | 19 months | 0.15% | $1,000 |
Special CD | 27 months | 0.20% | $1,000 |
Special CD | 59 months | 0.50% | $1,000 |
Note: The APYs (Annual Percentage Yield) shown are as of Jan. 14, 2021. The APYs for some products may vary by region.
How U.S. Bank CD rates compare to top-yielding banks
Compared to other banks, U.S. Bank's CD rates leave a lot to be desired. You can currently find competitors paying around 0.65 percent APY on 12-month CDs.
The only relatively competitive CDs that U.S. Bank offers are its promotional CDs. If you want a CD with a promotional term, U.S. Bank's options might be worth considering. But you can still find CDs offered by other banks, like Live Oak Bank or Marcus by Goldman Sachs, offering juicer rates. These banks offer higher APYs, helping you reach your financial goals sooner.
Other savings options at U.S. Bank
On top of its standard CDs, U.S. Bank also offers Step Up or Trade Up CDs.
The Step Up CD gives you an automatic interest rate increase every seven months during the CD's 28-month term. The Trade Up CD, meanwhile, lets you boost your rate at one time of your choosing during the CD's life.
You could also consider the bank's savings or money market account options.
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