U.S. Bank CD Options

The CDs offered through U.S. Bank are flexible and FDIC Insured.  There are three basic maturity dates offered on the CDs: 19, 37 and 59 months.  Each of these accounts requires $1,000 to open the account.  The interest rates and APY on the account changes depending on which maturity date you decide on.  If you choose the 19 month CD, the interest rate is 1.14 percent and an APY of 1.15 percent.  The 37 month CD has an interest rate of 1.73 percent and APY of 1.75 percent.  If you choose the 59 month CD you will earn an interest rate of 2.47 percent with an APY of 2.50 percent.  The interest is paid annually and at the maturity date of the CD.

U.S. Bank does have two other options for CDs if you are interested.  They have the Step Up CD and the Trade Up CD.  The Step Up CD guarantees increasing interest rates for a step in the right direction.  The Trade Up CD you can invest your money in a long-term CD and still keep the option of changing to a CD with a higher interest rate. If you are willing to commit to a longer term then this is a pretty good rate to invest your money at, especially if you can trade up to a higher rate later on. You can check out our CD rates chart on BankTruth.org to find more great rates. To apply for either of these two accounts you would have to visit a branch near you.  To sign up for the other standard CD accounts, you can apply online through their website at www.usbank.com.