[In Branch Only] U.S. Bank $200-$300 Savings Bonus

Update 3/15/20: Seems most branches either don’t have the offer or are offering $200 instead.

Offer at a glance

• Maximum bonus amount: $300
• Availability: In branch
• Deposit required: $10,000
• Deposit length: 3 months
• Interest rate: 0.01%
• Hard/soft pull: Soft
• ChexSystems: Mixed data points
• Credit card funding: Can fund up to $50 with a credit card
• Monthly fees: $4, avoidable
• Early account termination fee: None
• Household limit: One
• Expiration date: March 31st, 2020

The Offer

No direct link to offer, in branch only. Might not be available at all branches

• U.S. Bank is offering a $300 bonus when you open a savings account, deposit $10,000 and maintain that deposit for three months after funding. Promo code is ‘ELITE MONEY MARKET SP20’ or SPR 20

The Fine Print

• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Standard savings account has a $4 monthly fee. This is waived:

• with $300 minimum daily ledger balance OR
• $1,000 average monthly collected balance or
• account holder(s) under age 18

Early Account Termination Fee

There is no early account termination fee to worry about

Our Verdict

Fingers crossed this is available at all U.S. Bank locations. At this stage we don’t have a lot of details, so feel free to share your experiences in the comments below.

Hat tip to reader nik

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
• Affiliate Links & Bank Bonuses – We Won’t Be Using Them
• Complete List Of Ways To Close Bank Accounts At Each Bank
• Banks That Allow/Don’t Allow Out Of State Checking Applications
• Bank Bonus Posting Times