U.S. Bank sells Standard CDs ($500 minimum) and CD Specials ($1,000 minimum). Its rates depend on your ZIP code, term and deposit amount, so the page shows no single APY. When we checked in October 2026, the CD page advertised CD Special rates starting at 2.85% APY for 9 months, 1.71% APY for 13 months and 3.35% APY for 5 months for new CD clients. Enter your ZIP code on U.S. Bank’s page to see your own rates.
What U.S. Bank’s CD pages say
| Detail | Standard CD | CD Special |
|---|---|---|
| Minimum opening deposit | $500 (up to $249,999.99) | $1,000 |
| Terms | One month to 60 months | Varies; the examples above are 5, 9 and 13 months |
| Rate example on the page | 0.25% APY for 60 months | Starting at 2.85% APY (9 months), 1.71% (13 months), 3.35% (5 months) |
| Advertised APYs apply to | See the page for your ZIP code | New CD clients only |
| Renewal | Same term at the published rate for that term, excluding CD Specials | Advertised rate is good for the initial term only |
U.S. Bank says rates vary by ZIP code, term and deposit amount, may change daily at the bank’s discretion, and that the advertised CD Special APYs are not valid for customers with any U.S. Bank CD closed in the past 60 days.
Early withdrawal penalties
U.S. Bank says there is a penalty for early withdrawal on its CDs. It says the penalty is usually based on the account balance, APY and interest rate, and tells customers to call 800-USBANKS for the exact penalty on their account. It does not publish a day-count schedule on these pages.
Step Up and Trade Up CDs
- Step Up CD: a $1,000 minimum; rates increase 0.20% every seven months for 28 months.
- Trade Up CD: a $1,000 minimum; lets you take advantage of rising rates once per term.
How a U.S. Bank CD compares
U.S. Bank’s own rates vary by location, so compare the APY you are quoted with the FDIC’s national average 12-month CD rate (1.76% in the update dated October 19, 2026) and with online banks.
| Bank | 12-month APY | Min. Deposit | Rate as of |
|---|---|---|---|
| Marcus by Goldman Sachs | 4.40% | $500 | October 15, 2026 |
| Popular Direct | 4.50% | $10,000 | October 5, 2026 |
The renewal trap
A CD Special’s rate is good for the initial term only, and the CD automatically renews for the same term at the published rate for that term, excluding CD Specials. Check your maturity date and the grace period shown on your CD, and decide before the term ends whether to keep the CD, withdraw or move the money.
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