Advertiser and Editorial Disclosures The content below is NOT endorsed by the bank, and you should make sure to verify all terms and conditions with the bank itself before opening an account.
US Bank has built a pretty good track record of offering substantial bonuses that don't require a lot of work, and this is certainly one of them.
To get the $50 bonus, all you have to do is deposit $2,000 and maintain the balance for 3 months. The timelines are a bit confusing depending on when you open the account but basically just make sure to leave the $2,000 in the account until 11/30/2020. Make sure to also enroll in estatements to qualify. Once these requirements are completed, the bonus will be paid out 2 months after.
US Bank is a household name when it comes to financial institutions so they have the brand and reputation already established. They're a great option if you're looking for a big bank that has stability and a plethora of product and services offerings. It's a good opportunity to start a financial relationship with US Bank to open doors to their great credit card as well.
Let us know what you think in the comments below!
Monday, August 31, 2020
Direct deposit - Amount | Frequency
Savings requirement | time
$2,000 for 90 days
How to avoid monthly fees
Wait for reward (expected)
Leave account open
Other fine print
A $25 minimum deposit is required to open a new U.S. Bank Standard Savings account. Earn your $50 bonus by opening a new U.S. Bank Standard Savings account between and including July 1, 2020 and August 31, 2020. Additionally you must make deposit(s) of $2,000 or more by September 8, 2020 then maintain a minimum total account balance of $2,000 or more through November 30, 2020. The $50 bonus will be credited to your new savings account within 60 days after you have completed the savings requirements listed above. Standard Savings is a variable rate account. The following Annual Percentage Yield (APY) is accurate as of June 1, 2020: 0.01%. Interest rates are determined at the bank’s discretion and can change at any time. Interest will be compounded daily and credited to your savings account quarterly. Fees may reduce earnings on account. Offer may not be combined with any other savings account bonus offers. Offer is not valid if you or any signer on the account has an existing U.S. Bank consumer savings account, had a U.S. Bank consumer savings account in the last six months, or received other U.S. Bank bonus offers within the past 12 months.