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 Business Advantage - $450 Bonus - Learn More Read Bank of America Review	US Bank Checking Account Bonus - Learn More Read US Bank Review
	Benefits and Features
Savings	0.03% APY (up to 0.06% 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% - 0.75% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.07% - 1.80% APY. Terms of 12, 13, 25, and 37 months. Minimum deposit of $10,000.	Standard Term CD: 0.05% - 0.75% APY. Terms ranging from 1 month - 60 months. Minimum deposit of $500. Maximum deposit $249,999. CD Special: 2.00% - 2.30% APY. Terms of 9, 17, 37 and 59 months. Minimum deposit of $1,000. Maximum deposit $249,999
Money Market		0.03% - 0.06% 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 - 11pm(ET) Sat-Sun: 8am - 8pm (ET)	24/7 Live Customer Service (Telephone)
ATMs	Approximately 15,900 ATMs around the country.	More than 4,700 ATMs across the country
IRA CD	Standard Term CD: 0.03% - 0.75% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.07% - 1.80% APY. Terms of 12, 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
	Business Advantage - $450 Bonus Advantage Plus Banking Checking Account - $100 Bonus Advantage Relationship 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 7/17/2019 based on 91107 zip code. US Bank: Pricing information from published website as of 07/17/2019 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

Bank of America Review
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.
• Bank of America vs Chase
• Bank of America vs Wells Fargo
• Bank of America vs Citibank

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?

Which Do You Think is Best?

You Might Also Like

Bank of the West Review: Account Good for You?
If you live in the West, you've likely heard of Bank of the West. Is it worth putting your money at this bank or is it just another "low interest" big bank that has little to offer unless you have a lot of money to deposit?

Wells Fargo Bank Review: Account Good for You?
Wells Fargo offers nationwide access with thousands of ATMs and branch locations. But are their checkings and savings accounts right for you? Read on to see the best options.

Compare Bank of America to:

You might also be interested in

Related: Bank

	Chase Total Business Checking Chase Total Business checking account is a great option for small and growing businesses. But there are some drawbacks. Is it worth it for your company? Read on.

Compare US Bank to: