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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 approximately 4,300 locations and 17,000 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.
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: 0.05% - 0.25% APY. Terms ranging from 1 month - 60 months. Minimum deposit of $500. Maximum deposit $249,999. CD Special: 0.15% APY - 0.75% APY. Terms of 17 month - 59 months. Minimum deposit of $1,000. Maximum deposit $249,999.
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US Bank: Pricing information from published website as of 03/8/2022 based on 91107 zip code.
Bank of America: Pricing information from published website as of 3/25/2022 based on 91107 zip code.
Earn $400 when you open a new eligible U.S. Bank consumer checking account and complete qualifying activities, subject to certain terms and limitations. Offer valid through September 2, 2022. Member FDIC.
Complete these steps within 60 days of opening your new Platinum, Gold or Easy checking account online:
Enroll in online banking or the U.S. Bank Mobile App.
Complete two or more direct deposits totaling $4,000 to earn $400
Applicant must reside in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, WY to be eligible for Checking account
Earn $400 when you open a new eligible U.S. Bank consumer checking account and complete qualifying activities, subject to certain terms and limitations. Offer valid through September 2, 2022. Member FDIC.
Complete these steps within 60 days of opening your new Platinum, Gold or Easy checking account online:
Enroll in online banking or the U.S. Bank Mobile App.
Complete two or more direct deposits totaling $4,000 to earn $400
Applicant must reside in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, WY to be eligible for Checking account
Earn $400 when you open a new eligible U.S. Bank consumer checking account and complete qualifying activities, subject to certain terms and limitations. Offer valid through September 2, 2022. Member FDIC.
Complete these steps within 60 days of opening your new Platinum, Gold or Easy checking account online:
Enroll in online banking or the U.S. Bank Mobile App.
Complete two or more direct deposits totaling $4,000 to earn $400
Applicant must reside in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, WY to be eligible for Checking account
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing US Bank or Chase.
U.S. Bank is the 5th largest bank in the US, but does that make them a good bank for you? Do you need a large national bank or is a smaller bank more your style?