U.S. Bank Platinum Business Money Market Review: Earn Bonus Interest Rate of 3.50% (Nationwide)

Receive a bonus interest rate up to 3.50% when you open a new Platinum Business Money Market Account and deposit qualifying balances, subject to certain terms and limitations. Member FDIC.

Standard variable interest rates are determined at the bank’s discretion and are subject to change at any time without notice. Speak to a banker for current deposit rates, disclosures on rates, compounding and crediting and other balance information. The minimum deposit required to open a Platinum Business Money Market account is $100. The $15 maintenance fee per statement cycle waived with a $10,000 minimum daily balance.

How to obtain the rate for new account: This special interest rate is only valid on new Platinum Money Market accounts for clients who do not have an existing business money market account or savings account, or for clients with an existing business money market account or savings account that has been open for less than 30 days.

How to obtain the rate for new additional account: A separate special interest rate applies to existing business banking clients who either currently have a business savings or money market account that has been open for 30 days or more, or who had such an account closed within the past 30 days. Log in to U.S. Bank Online Banking or speak with your banker to see the applicable rate.

For new and new additional accounts: Start getting the special interest rate by depositing at least $50,000 within 30 days of account opening. If you do not deposit $50,000 within 30 days, the standard interest rate will be applied, and your account will not be eligible for the special interest rate. To qualify for the special interest rate, deposits should represent funds that are not currently held at U.S. Bank and have not been recently withdrawn (within the past 30 days).

How to maintain the rate for new and new additional accounts: Maintain a minimum daily balance of at least $50,000 to continue earning the special interest rate. If the account balance falls below $50,000 or goes above $2,999,999.99, the standard interest rate will be applied until the account balance is at or above $50,000 or below $2,999,999.99 again. The special interest rate does not apply for Platinum Business Money Market accounts with balances outside of the balance tiers stated above. The full account balance will earn the standard variable interest rate in effect at that time until the account balance falls within the special rate balance tier.

The balance tiers and standard interest rates are accurate as of today’s date: Under $25,000: 0.05%; $25,000 to $49,999.99: 0.05%; $50,000 to $99,999.99: 0.50%; $100,000 to $249,999.99: 0.50%; $250,000 to $499,999.99: 0.50%; $500,000 to $999,999.99: 0.50%; $1,000,000 to $2,999,999.99: 0.75%; $3,000,000 and above: 1.14%.

Interest and Fee Information: You must maintain the minimum daily balance needed for each tier to earn the Annual Percentage Yield (APY) disclosed. All rates and APYs are subject to change at the bank’s discretion and may change at any time without notice. Interest will be compounded daily and credited to your account monthly. Fees will reduce your eligible balance, and deposits are needed to cover these fees to maintain the daily balance for this offer. 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 the deposit begins to accrue on the business day we receive credit (and after any hold period). If you close your account before interest is credited, you will not receive the accrued interest. Fees could reduce earnings on the account. Other restrictions may apply. Refer to the Business Pricing Information disclosure or Your Deposit Account Agreement (YDAA) disclosure for a summary of fees, terms and conditions that apply. These documents can be obtained by contacting a U.S. Bank branch or calling 855-955-2760.

APY (Annual Percentage Yield) refers to how much money you earn on a deposit over a year, considering compounding interest.

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

Update 12/2/25: You have the opportunity to receive a bonus interest rate up to 3.50% after completing qualifying activities.

If you’re looking for an interest bearing account, this account is a great option in conjunction with the business checking account with U.S. Bank.

U.S. Bank Platinum Business Money Market Account Rate

To easily earn U.S. Bank’s competitive rate, start by opening an Platinum Business Money Market account.

• Rate Offer: 3.50% bonus interest rate
• Eligible account: U.S. Bank Platinum Business Money Market
• Credit inquiry: Soft Pull
• Where it’s available: Nationwide
• Opening Deposit: $100
• Monthly fee: $15 monthly maintenance fee waived with a $10,000 minimum daily ledger balance
• Early Termination Fee: Not listed

(FDIC Insured)

How to Earn Rate

Complete these steps to earn the offer:

• Open a new Platinum Business Money Market Account
  • 3.50% bonus interest rate when your account balance tier is between $50,000 to $2,999,999.99
• For Platinum Business Money Market accounts with $3 million or greater in balances, the bonus interest rate does not apply, and the full account balance will earn the standard variable interest rate in effect at that time until the account balance is $2,999,999.99 or below.

Account Features

Treat yourself to extra savings when you open a U.S. Bank Platinum Business Money Market account. Benefits include:

• $15 monthly maintenance fee waived with a $10,000 minimum daily ledger balance
• Minimum opening deposit: $100
• FDIC Insurance up to $250,000
• Can be linked to your U.S. Bank business checking account for overdraft protection
• ATM Access
• Free U.S. Bank Internet Banking
• Accrue interest daily and pay interest monthly
• U.S. Bank Visa® Debit Card

Conclusion

If you’re looking for an interest bearing business account that offers a competitive rate, here’s a great candidate.

In addition to the rate, check out our list of best rates Savings, Money Market, and CD accounts.

• Best Savings/Money Market rates
• Best CD Account rates
• Best No Penalty CD Rates
• Best Business Bank Rates

Some popular bank offers include U.S. Bank, Chase Bank, Discover Bank, TD Bank, Huntington Bank, Bank of America, Axos Bank and many more.

If you’re interested in opening a checking account, see our review and learn more about their personal checking account and business checking account.

Member FDIC.