U.S. Bank CD Rates (2026): Up to 3.50% APY
U.S. Bank's CD Specials paid 3.25% APY for 6 months, 3.50% for 9 months and 3.40% for 12 months on October 21, 2026 (ZIP 55402, Minneapolis; for new CDs, fixed once opened). They are only for clients who don't already have a U.S. Bank CD. Its Standard CDs paid 0.05% for terms up to 2 years and 0.25% for 5 years, and a special renews at those standard rates.
By Wealthy Pot Editorial · Facts checked October 21, 2026
Facts checked October 21, 2026 against U.S. Bank's own CD rate page and deposit agreement (4 sources, listed below). We re-check prices about once a month. We do not earn a commission from U.S. Bank.
U.S. Bank at a glance
| CD Special rates (APY) | 6 months 3.25%, 9 months 3.50%, 12 months 3.40%; read October 21, 2026 for ZIP 55402; for new CDs, fixed once opened [1] |
|---|---|
| Who can get a CD Special | Clients with no existing U.S. Bank CD and none closed in the past 60 days; existing clients see personalized offers after logging in [1] |
| Standard CD rates (APY) | 1 to 24 months 0.05%, 36 months 0.10%, 48 months 0.15%, 60 months 0.25% (effective October 21, 2026) [2] |
| Other CDs | Step Up CD: 28 months, rate rises every 7 months, blended 0.35% APY; Trade Up CD: 60 months at 0.40% [3] |
| Minimum deposit | $1,000 for CD Specials (up to $250,000); $500 for Standard CDs [1] |
| At maturity | A CD Special renews for the same term at the published non-special rate for the closest term not longer than it [1] |
| Early withdrawal penalty | Not published online; the agreement says it is disclosed when you open the CD [4] |
| Interest | Paid at the end of the term or annually, whichever comes first [1] |
| Rates by location | APYs vary by term and location; we read them for ZIP 55402 [1] |
| FDIC-insured bank | U.S. Bank National Association [1] |
U.S. Bank in official federal data
Rate compared with the national average
U.S. Bank's 1-year CD APY of 3.40% (as of October 21, 2026) is about 1.9 times the FDIC's national average for 12-month CDs, 1.76% (as of October 19, 2026). On $10,000 kept for a year, that is about $340 in interest against $176 at the national average, before tax; a CD locks its rate for the term, while the national average is for CDs opened that month.
Who holds your money
- Deposits are held by U.S. Bank National Association, FDIC certificate #6548, based in Cincinnati, OH, established July 13, 1863 according to the FDIC. CFPB files complaints under the parent, U.S. Bancorp.
- FDIC insurance covers up to $250,000 per depositor, per insured bank, for each account ownership category. Money held at the same bank under another brand name counts toward the same limit.
- Size: $542 billion in deposits and $706 billion in total assets (June 30, 2026 call report). Primary federal regulator: Office of the Comptroller of the Currency.
Customer complaints filed with the CFPB
From October 2025 through September 2026, consumers sent the Consumer Financial Protection Bureau 2,535 complaints about checking or savings accounts at U.S. BANCORP, about 4.68 per $1 billion of deposits; the company responded on time to 100%. Complaint counts grow with the number of customers and cover the whole company, including checking accounts, and the CFPB does not verify each complaint, so treat them as a rough signal. Read the complaints.
Sources: FDIC BankFind (certificate, deposits and assets), FDIC national deposit rates (October 19, 2026), CFPB Consumer Complaint Database (product "Checking or savings account"). Updated monthly.
How U.S. Bank works
U.S. Bank shows CD rates after you enter a ZIP code. The CD Specials, for 6, 9 and 12 months, pay far more than anything else it sells, but only to people who don't already have a U.S. Bank CD (or closed one in the past 60 days); existing CD customers get personalized offers in online banking instead. The federal-data block on this page compares the rates with FDIC national averages and shows the CFPB complaint count filed under its parent, U.S. Bancorp.
At maturity a special renews for the same term at the standard rate for the nearest term not longer than it. A hypothetical: $10,000 in the 9-month special at 3.50% APY earns about $261.37 (our arithmetic, assuming interest stays in the CD). If you let it renew into a 9-month Standard CD at 0.05%, the next 9 months earn about $3.75. Set a reminder for the maturity date, and compare with the CD calculator or a CD ladder.
U.S. Bank does not publish its early withdrawal penalty online. Its deposit agreement says the bank is not required to allow early withdrawals and that the penalty is disclosed when you open the CD, so ask for that disclosure before you deposit money you might need.
Pros
- CD Specials at 3.25% to 3.50% for 6 to 12 months
- $1,000 minimum for specials, $500 for Standard CDs
- Rate-rising Step Up and Trade Up CDs for those who want them
- Branches and U.S. Bank checking in its footprint
Cons
- Specials only for clients without a U.S. Bank CD
- Standard CDs pay 0.05% up to 2 years and 0.25% at 5 years
- Specials renew at the standard rate
- Early withdrawal penalty not published online
Who U.S. Bank fits, and who should skip it
A good fit if
- You don't have a U.S. Bank CD and want 6 to 12 months at 3.25% to 3.50%.
- You bank with U.S. Bank and want your CD in the same app or branch.
- You have $1,000 to $250,000 for one CD.
Look elsewhere if
- You already have a U.S. Bank CD: the specials aren't offered to you; Marcus pays 4.40% from 1 to 6 years.
- You want a known penalty and a no-penalty option: Bank of America's Flexible CD has no penalty after 6 days.
- You want a 2- to 5-year rate: Barclays pays 4.75% on 24 and 60 months.
Limitations to know
- The advertised CD Special APYs are not valid for clients with any U.S. Bank CD closed within the past 60 days. [1]
- Online CD Special applications are not available for single-maturity, business or retirement CDs, or combined with other promotions. [1]
- Deposits over $250,000 have to be opened at a branch. [1]
- U.S. Bank is not required to permit early withdrawals from a CD. [4]
U.S. Bank compared with alternatives
| Bank | 6-month | 1-year | 3-year | 5-year | Minimum |
|---|---|---|---|---|---|
| U.S. Bank | 3.25% (CD Special) | 3.40% (CD Special) | 0.10% | 0.25% | $1,000 ($500 Standard CD) |
| PNC Bank | 4.00% (7 mo) | 4.25% (13 mo) | 2.80% (37 mo) | 3.00% (61 mo) | $1,000 |
| Bank of America | 0.03% | 3.15% (Flexible CD) | 0.03% | 0.03% | $1,000 |
| Marcus by Goldman Sachs | 3.95% | 4.40% | 4.40% | 4.40% | $500 |
| Capital One | 3.30% | 4.00% | 3.50% | 3.60% | $0 |
- Pick PNC Bank if you want 4.25% on a 13-month CD at a big bank.
- Pick Bank of America if you want a 12-month CD with no penalty after 6 days.
- Pick Marcus by Goldman Sachs if you want 4.40% from 1 to 6 years.
- Pick Capital One if you want a big bank with branches and no minimum.
Security and privacy
- CDs are deposits of U.S. Bank National Association, Member FDIC. FDIC insurance covers $250,000 per depositor, per bank, per ownership category. [1]
- U.S. Bank notifies you in advance of a CD's maturity, and you can withdraw or change it without penalty until the grace period ends. [1]
Recent changes
| Date | What changed |
|---|---|
| Oct 21, 2026 | CD Specials for ZIP 55402: 6 months 3.25%, 9 months 3.50%, 12 months 3.40% APY. [1] |
U.S. Bank FAQ
What are U.S. Bank CD rates today?
On October 21, 2026 (ZIP 55402), CD Specials paid 3.25% APY for 6 months, 3.50% for 9 months and 3.40% for 12 months. Standard CDs paid 0.05% for 1 to 24 months, 0.10% for 36, 0.15% for 48 and 0.25% for 60 months. Compare on our <a href="/cd-rates/">CD rates page</a>.
Who can open a U.S. Bank CD Special?
Clients who don't have an existing U.S. Bank CD and haven't closed one in the past 60 days. Existing clients are told to check personalized offers in online banking or with a banker.
What is the minimum deposit for a U.S. Bank CD?
$1,000 for a CD Special, Step Up or Trade Up CD, and $500 for a Standard CD, up to $250,000 online.
What is the penalty for withdrawing a U.S. Bank CD early?
U.S. Bank doesn't publish it online. Its deposit agreement says the penalty is disclosed when you open the CD, so ask for it before you open one.
Is U.S. Bank FDIC insured?
Yes. CDs are deposits of U.S. Bank National Association, Member FDIC, insured up to $250,000 per depositor, per bank, per ownership category.
How we researched this review
We did not get paid for this page. On October 21, 2026 we read U.S. Bank's own CD rate page, deposit account agreement and disclosures, quoted each fact and link every one below. FDIC and CFPB figures come straight from the agencies' public data. Penalty examples are our arithmetic on the bank's stated formula. CD rates for new accounts change often; we re-check them about once a month.
Sources
- U.S. Bank, Certificates of deposit (CD Special rates for ZIP 55402, read October 21, 2026), checked October 21, 2026.
- U.S. Bank, Standard CD rates (effective October 21, 2026, ZIP 55402), checked October 21, 2026.
- U.S. Bank, Step Up CD, checked October 21, 2026.
- U.S. Bank, Your Deposit Account Agreement (effective August 10, 2026), checked October 21, 2026.
This review is for general information, not financial advice. CD rates for new accounts change often; the rate is fixed only once you open the CD. Confirm the current rate with the bank.