US Bank Rates & Review

US Bank Rates & Review

US Bank is one of the largest commercial banks in the United States, providing personal banking, business banking, commercial and government banking, lending and investing services throughout the United States.

U.S. Bank N.A. traces its history to the First National Bank of Cincinnati, founded in 1868. After a series of acquisitions, name changes and reorganizations, the bank adopted its current name in 2001 and is still headquartered in Cincinnati, Ohio.

According to the website of the bank's parent company U.S. Bancorp, US Bank is the fifth largest commercial bank in the United States, operating over 3,000 banking offices and over 5,000 ATMs. US Bank provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services and products to consumers, businesses and institutions.

Personal banking

US Bank offers a variety of personal savings and checking account choices. Free Checking has no minimum balance requirements and no monthly maintenance fees. Free US Bank Internet banking with bill pay is provided. Check Cards with rewards allow account holders to choose their own reward such as merchandise, travel or a charitable donation.

US Bank's S.T.A.R.T (Savings Today And Rewards Tomorrow) account is a reward-earning savings account that helps customers start a savings plan and stay on track to meet savings goals. Account holders are required to set up recurring transfers from their Package Checking account into their Package Money Market Savings account. Customers who meet certain requirements earn a US Bank Rewards Visa Card.

As of Sept. 2010, CD options include 19-month, 37-month, and 59-month terms. Other products and services include home mortgages, home equity lines of credit, IRAs and financial planning.

Business banking

Business customers can choose between a variety of business services. Deposit Express allows deposits of all domestic checks electronically directly from the customer's office. US Bank offers business credit cards, lines of credit, equipment leasing, term loans, leases and agricultural loans.

The SBA Advantage is a long-term loan guaranteed by the U.S. Small Business Administration. These loans can be used for commercial real estate purchases, construction, business acquisition or expansion, equipment/inventory purchase, refinance, and working capital.

Deposit insurance

U.S. Bank N.A. has been insured by the Federal Deposit Insurance Corporation since 1934. FDIC coverage for eligible deposits was permanently increased from $100,000 to $250,000 per depositor in July 2010. Joint accounts are insured by FDIC up to at least $250,000 per account holder.

Compare savings account interest rates from US Bank and hundreds of other banks and credit unions at SavingsAccounts.com.