US Bank vs Bank of America

US Bank is a big national bank with wide array of services and many account options. How does it compare to Bank of America? Read our comparison chart below.

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.

While 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.

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

	US Bank	Bank of America
	SPECIAL OFFER Consumer Checking Account - Up to $300 Bonus - Learn More Read US Bank Review	SPECIAL OFFER Advantage Plus Banking Checking Account - $100 Bonus - Learn More Read Bank of America Review
	Benefits and Features
Savings	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.	0.01% 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.
CD	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% - 0.65% APY. Terms of 11, 19, 27 and 59 months. Minimum deposit of $1,000. Maximum deposit $249,999.	Standard Term CD: 0.03% - 0.08% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.10% APY. Terms of 7, 10, 13, 25, and 37 months. Minimum deposit of $10,000.
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	24/7 Live Customer Service (Telephone)	Mon-Fri: 8am - 9pm(ET) Sat: 8am - 8pm (ET) Sun: 8am-5pm (ET)
ATMs	More than 4,700 ATMs across the country	Over 16,000 ATMs around the country.
IRA CD		Standard Term CD: 0.03% - 0.08% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.10% 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	More than 3000 branches across the country.	4600 retail financial centres around the country and brances in more than 40 other countries.
	CreditDonkey® Reviews
Savings
CD
Checking
Money Market
Customer Service
Mobile App
Pros & Cons	Pros: Promo CD with high APY Free student account 24/7 customer service Cons: High minimums to waive fees Low savings APY	Pros: National availability Extended customer service hours Full service bank Cons: No free checking option Low interest rates Many misc. banking fees
Bottom Line	Big national bank with wide array of services and many account options... Read full review	National bank with widespread accessibility and wide range of services... Read full review
	Consumer Checking Account - Up to $300 Bonus Standard Savings Account - Up to $50 Bonus	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. US Bank: Pricing information from published website as of 07/29/2020 based on 91107 zip code. Bank of America: Pricing information from published website as of 07/29/2020 based on 91107 zip code.

Which is Better: US Bank or Bank of America?

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

In short: US Bank's cd is notable.

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?
• US Bank vs Chase
• US Bank vs Citibank
US Bank 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.

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 Wells Fargo
• Bank of America vs Bank of the West
• Bank of America vs Capital One
B Of A Routing Number
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.
• Bank of America vs Discover Bank

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