U.S. Bank Business Savings: $300 Bonus for a $15,000 Deposit

If you run a business and have some cash sitting around, U.S. Bank has a straightforward bonus: open a Basic Business Savings account, park $15,000 there for a couple of months, and they'll hand you $300. No direct deposit, no debit card purchases, just a deposit and a balance requirement. The current offer runs through January 13, 2027, and the promo code Q4SAV26 should apply automatically when you open the account online. But there are a few wrinkles worth knowing before you move your money.

What You Need to Do

The requirements are pretty simple. Open a new U.S. Bank Basic Business Savings account with promo code Q4SAV26. The code should be applied automatically if you use the link on the bank's site, but double-check during the application to make sure it's there.

Then deposit at least $15,000 in new money within 30 days of opening. New money means funds from outside U.S. Bank — you can't just transfer from another U.S. Bank account. After that, keep at least $15,000 in the account for 60 days from the opening date. The bonus will be deposited within 30 days after the end of the month in which you meet all the requirements, as long as the account is still open and has a positive balance.

• Open a new Basic Business Savings account with promo code Q4SAV26.
• Deposit $15,000 in new money within 30 days.
• Maintain a $15,000 balance for 60 days after account opening.
• Keep the account open until the bonus posts.

The Fine Print You Shouldn't Skip

A few details could trip you up. First, the offer is not available in New York or Florida, and possibly other states without a U.S. Bank branch, unless you already have a relationship with the bank. That's a big exclusion for a nationwide offer.

Second, the account pays a measly 0.05% APY. That's not a typo — you're essentially earning nothing on your $15,000 while it sits there. The bonus is the real reward here.

Third, fees can eat into your balance. The $5 monthly maintenance fee is waived if you keep a $500 daily balance, which you will with $15,000, so that's not a concern. But other fees like paper statement fees could reduce your balance below the $15,000 threshold if you're not careful. Make sure you don't incur any fees that would drop you below the required amount.

Finally, the bonus is considered interest income, so you'll get a 1099-INT and owe taxes on it. Factor that into your net gain.

• Excludes NY and FL (and possibly other states without branches) unless you have an existing relationship.
• APY is only 0.05% — the bonus is the main draw.
• Watch out for fees that could reduce your balance below $15,000.
• Bonus is taxable as interest income.

Is This Bonus Worth It?

Let's do the math. You're tying up $15,000 for about 60 days. The bonus is $300. That's a return of 2% over two months, which annualizes to roughly 12%. That's a solid return, even if you factor in the low interest rate and taxes.

But there's an opportunity cost. If you could earn 4% APY elsewhere, you'd make about $100 in interest over two months on that $15,000. So the bonus nets you an extra $200 compared to a high-yield savings account. Still not bad for a few minutes of work.

The bigger question is whether you want to deal with U.S. Bank's business account requirements and the state restrictions. If you're in an eligible state and have the cash, it's a decent chunk of change for a short commitment.

• 2% return over 60 days, or about 12% annualized.
• Opportunity cost: you could earn ~$100 in interest elsewhere.
• Net gain over a high-yield account is around $200.
• Worth it if you're eligible and have the cash.

Other Things to Know

You can fund the account with a credit card up to $3,000, which could help you meet a minimum spending requirement on a rewards card. Just be aware that some cards treat this as a cash advance, so check your card's terms first.

U.S. Bank pulls a soft credit inquiry for this account, according to multiple reports, so it won't affect your credit score. ChexSystems data is mixed — some people report issues, others don't.

There's no early account termination fee, so you can close the account after the bonus posts without penalty. But keep it open until the bonus is safely in your account.

Also, there's a separate $1,200 business checking bonus available if you're looking for more. And if you're new to bank bonuses, check out our beginner's guide.

• Credit card funding up to $3,000 (check for cash advance fees).
• Soft pull on credit; ChexSystems results vary.
• No early termination fee — close after bonus posts.
• Consider the $1,200 business checking bonus too.

Bottom Line

• U.S. Bank is offering $300 for new Basic Business Savings accounts with promo code Q4SAV26.
• Requires $15,000 in new money within 30 days and a $15,000 balance for 60 days.
• Offer ends January 13, 2027, and excludes NY and FL (and possibly other states without branches).
• APY is only 0.05%, so the bonus is the main incentive.
• Bonus is taxable as interest income.

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