For ZIP  

Elite Money Market account at a glance

Grow your savings with an Elite Money Market Account featuring simple ways to waive fees and competitive rates that may increase as your balance grows. Feature information is accurate as of .

Good to know before you open

Ways to waive the $10 Monthly Maintenance Fee

Fund your new money market account

Add funds by downloading the U.S. Bank Mobile app or enrolling in online banking.

Managing your money is simple

  • Easily transfer funds between your linked U.S. Bank accounts.
  • Link your external accounts to access funds from other financial institutions.
  • Set up account alerts, manage direct deposits, pay bills and more.

Money Market Rates

Explore today’s competitive money market rates.

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The Annual Percentage Yield (APY), which is the effective annual rate of return including the effect of compounding interest, and the money market interest rates listed below are effective as of for ZIP code .

These rates and APYs are valid on new Elite Money Market Accounts and existing accounts that have been open for less than 30 days. If you have an existing Elite Money Market Account that has been open for 30 days or more, log in and select products and offers to see your personalized rates.

To qualify for the highest available rate tier, additional balance requirements may apply.1

Elite money market account

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Stay connected to your finances with the U.S. Bank Mobile App. Monitor balances, move money, receive alerts and manage your accounts securely from almost anywhere.

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Secure, reliable access to your money anytime, anywhere.

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Account alerts and notifications 3

Send and receive money with Zelle® 4

Access e-statements anytime

Frequently asked questions about money market accounts

 

General questions

A money market account is a deposit account that typically earns interest while providing convenient access to your money. Many money market accounts combine features of both savings and checking accounts, such as transfers, ATM access5 or check-writing capabilities.

A money market account earns interest on your deposits and may offer tiered rates, meaning higher balances could earn higher APYs. You can access your funds when needed while continuing to earn interest on your balance.

Yes. Money market accounts held at FDIC-insured banks are considered a safe place to keep savings because eligible deposits are protected by FDIC insurance. Coverage is up to $250,000 per depositor, per FDIC-insured bank, for each account ownership category.6

Learn about FDIC protection

A money market account gives you ongoing access to your funds and generally has a variable interest rate. A CD typically offers a fixed rate in exchange for keeping your money on deposit for a set term.

U.S. Bank Elite Money Market Account questions

The Monthly Maintenance Fee is $10. Waive the Monthly Maintenance Fee when you open a U.S. Bank Smartly® Checking account with a minimum of Gold Tier or maintain a $10,000 minimum daily balance.2

Your account remains open and continues earning interest. If your balance falls below $25,000, the standard interest rate may apply until your balance returns to $25,000 or more. A $10 Monthly Maintenance Fee may also apply unless you continue to meet fee waiver requirements.

You can fund your account during account opening using an internal or external transfer, debit card, credit card or other available funding method. You can continue adding funds to your account after opening through available deposit and transfer methods.

A minimum opening deposit of $100 is required to open an Elite Money Market Account.

The Elite Money Market account may be a good fit if you're looking to maintain convenient access to your money and the potential to earn more as your balance grows. It's designed for savers who want both higher earning potential and flexibility.

Resources

Explore helpful savings education.

What’s in your emergency fund?

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Savings account interest rates: Myths vs. facts

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Disclosures

  1. All interest rates and APYs for the U.S. Bank Elite Money Market account are determined at the bank’s discretion and are subject to change at any time, including after the account is opened, regardless of account balance. Fees will reduce your eligible balance, and deposits are needed to cover these fees to maintain the daily balance for this rate offer.

    How to obtain the rate: This rate is valid on new U.S. Bank Elite Money Market accounts for clients who do not have any existing consumer savings or money market account or for clients with any existing consumer savings or money market account that has been open for less than 30 days. This rate is not valid for clients with any consumer savings or money market account closed within the last 30 days. Get the Annual Percentage Yield (APY) as noted above by depositing at least $25,000 within 30 days of account opening. A minimum opening deposit of $100 is required to open. If you do not deposit $25,000 within 30 days, the standard interest rate will be applied.

    How to maintain the rate: Deposit at least $25,000 within 30 days of account opening and maintain a minimum daily balance of at least $25,000 each day thereafter. If the account balance falls below $25,000 the standard interest rate will be applied until the account balance is at or above $25,000 again.

    The standard interest rate balance tiers and APYs are accurate as of today's date: Under $10,000: 0.01%; $10,000 to $24,999.99: 0.01%; $25,000 to $49,999.99: 0.05%; $50,000 to $99,999.99: 0.05%; $100,000 to $499,999.99: 0.05%; $500,000 and above: 0.05%.

    Interest information: You must maintain the minimum daily balance needed for each tier in order to earn the Annual Percentage Yield (APY) disclosed. Interest will be compounded daily and credited to your account monthly. 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 this account. If you close your account before interest is credited you will not receive the accrued interest. Fees could reduce earnings on the account. Other restrictions may apply.

  2. 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.

  3. 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.

  4. To send and receive money in minutes with Zelle®, both parties must have an eligible checking or savings account, and have a United States mobile number registered in your online and mobile banking profile for at least three calendar days. Transactions between enrolled customers typically occur in minutes.  

  5. 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.

  6. Member FDIC. All rights reserved.

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