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Basic business savings account

Start saving with online access to funds and no monthly maintenance fee as long as you maintain a $500 minimum daily balance1.

Get today’s savings rates

Basic business savings account

  • Save money and watch it grow by earning interest on your account balance1. See "Get today's savings rates" to the right.
  • $500 minimum daily balance1
  • Transfer funds to your U.S. Bank checking account by phone or online
  • Receive your business checking and savings accounts in one combined monthly statement

Open a Basic business savings account

Have these documents ready:

Your business’s Employer Identification Number (EIN) or tax ID number (Sole proprietors can use the owner’s Social Security number)

Articles of Incorporation, Articles of Organization, or a charter or a similar legal document that indicates when your company was formed (not required for sole proprietors)

Government-issued photo ID and Social Security number for you and anyone else authorized to sign checks or make transactions on behalf of your organization

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Disclosure numbered #1 does not exist in the global library. "The daily balance is the balance at the end of each business day, equal to the beginning balance for that day plus the current business day credits, minus the current business day debits. Business days are Monday through Friday; federal holidays are not included. For addtional information call 855-955-2760 or visit your local branch for a copy of Business Pricing Disclosure or visit https://www.usbank.com/dam/documents/pdf/Deposit-Account-Agreement.pdf to view Your Deposit Account Agreement (YDAA).”

Disclosure #2 does not exist in the global library. "Additional Savings and Money Market Disclosures
The average collected balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. Unlike checking accounts, checks written on money market accounts are not returned with your statement. For additional disclosures on rates, fees, compounding and crediting, and other balance information, call 844-744-0205 or visit your local branch."

Disclosure #3 does not exist in the global library. "Other conditions and restrictions may apply. Terms may change without notice."

Start of disclosure content

Disclosures

  1. * You must maintain the minimum balance needed for each tier in order to earn the Annual Percentage Yield (APY) disclosed. All rates and APYs are subject to change after the account is opened. Fees could reduce earnings on the account. Interest rates currently offered on applicable deposit accounts are determined at the bank's discretion and may change daily. We use the daily balance method to calculate interest on all deposit accounts. This method applies a daily periodic rate to the principal in the account each day. Interest on your check deposit begins to accrue on the business day we receive credit for your applicable deposit accounts. Interest will be compounded daily and credited to your account monthly for all savings accounts, except Standard Savings, which is paid quarterly. If you close your account before interest is credited you will not receive the accrued interest.

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Deposit products are offered by U.S. Bank National Association. Member FDIC.