Bank of America vs US Bank

Bank of America is a national bank with widespread accessibility and wide range of services. How does it compare to US Bank? Read our comparison chart below.

Bank of America is one of the largest banks in the U.S. with over 5,000 locations and 16,000 ATMs. It is known for good customer service with extended hours. It offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge.

While US Bank has 3,000 branches across 26 states. It has somewhat high minimum balance requirements to waive monthly checking account service fees. Their promotional CD Special offers high interest rates with a $1,000 minimum opening deposit.

Compare Bank of America with US Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Bank of America	US Bank
	SPECIAL OFFER Advantage Plus Banking Checking Account - $100 Bonus - Learn More Read Bank of America Review
	Benefits and Features
Savings	0.01% APY (up to 0.05% if enrolled in Preferred Rewards). $8 monthly maintenance fee, unless you have 1) daily balance of $500, 2) are a Bank of America Preferred Rewards Client, or 3) link your Rewards Savings Account to your Interest Checking Account. Minimum deposit of $100.	0.01% APY. Minimum deposit $25. Monthly maintenance fee $4, unless you have $300 minimum daily ledger balance OR $1,000 average monthly collected balance.
CD	Standard Term CD: 0.03% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.06% APY. Terms of 7, 10, 13, 25, and 37 months. Minimum deposit of $10,000.	Standard Term CD: 0.05% - 0.35% APY. Terms ranging from 1 month - 60 months. Minimum deposit of $500. Maximum deposit $249,999. CD Special: 0.15% - 0.50% APY. Terms of 11, 19, 27 and 59 months. Minimum deposit of $1,000. Maximum deposit $249,999.
Money Market		0.01% - 0.05% APY, depending on amount. Minimum opening deposit $100. Monthly maintenance fee $10 unless you have $10,000 minimum daily ledger balance.
Customer Service	Mon-Fri: 8am - 9pm(ET) Sat: 8am - 8pm (ET) Sun: 8am-5pm (ET)	24/7 Live Customer Service (Telephone)
ATMs	Over 16,000 ATMs around the country.	More than 4,700 ATMs across the country
IRA CD	Standard Term CD: 0.03% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.06% APY. Terms of 7, 10, 13, 25, and 37 months. Minimum deposit of $2,000.
IRA Money Market		Minimum opening deposit of $100 or $25 automatic monthly deposit. No monthly maintenance fees.
Locations	4600 retail financial centres around the country and brances in more than 40 other countries.	More than 3000 branches across the country.
	CreditDonkey® Reviews
Savings
CD
Checking
Customer Service
Mobile App
Money Market
Pros & Cons	Pros: National availability Extended customer service hours Full service bank Cons: No free checking option Low interest rates Many misc. banking fees	Pros: Promo CD with high APY Free student account 24/7 customer service Cons: High minimums to waive fees Low savings APY
Bottom Line	National bank with widespread accessibility and wide range of services... Read full review	Big national bank with wide array of services and many account options... Read full review
	Advantage Plus Banking Checking Account - $100 Bonus Advantage Relationship Banking Checking Account - $100 Bonus Advantage SafeBalance Banking Checking Account - $100 Bonus
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Bank of America: Pricing information from published website as of 09/21/2020 based on 91107 zip code. US Bank: Pricing information from published website as of 09/25/2020 based on 91107 zip code.

Which is Better: Bank of America or US Bank?

Still need help deciding which bank is better? Read the in-depth reviews below. You may also be interested in comparing Bank of America or Chase.

In short: US Bank's cd is notable.

Articles on Bank of America

Is Bank Of America A Good Bank
Bank of America offers a nationwide network, many account options, and user-friendly online banking. But does this convenience come at a cost? Read on.
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To transfer money in or out of your Bank of America checking or savings account, you'll need the right routing number. Find your Bank of America routing number and learn more about money transfers in our guide.
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Articles on US Bank

US Bank Review
U.S. Bank is the country's fifth largest bank, but does that make them a bank that will suit your banking needs? Do you need one of the country's largest banks or is a smaller bank more your style?
Usbank Routing Number
To transfer money in or out of your US Bank checking or savings account, you'll need the right routing number. Find your US Bank routing number below.

Which Do You Think is Best?

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