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U.S. Bank Offers Senior Citizens a New Checking Account Tailored to Their Interests

MINNEAPOLIS, Feb 10, 2005 (BUSINESS WIRE) -- U.S. Bank has enhanced banking for seniors with a new checking account specifically designed to meet the financial needs of people over age 55. U.S. Bank Silver Elite Checking offers more free services and discounted rates on products that tend to be of greatest interest to seniors.

"Silver Elite Checking is based completely on what seniors told us they wanted in a checking account," said Steve SaLoutos, senior vice president of consumer products and services at U.S. Bank. "We conducted extensive research and found seniors are very interested in savings products such as CDs and money market accounts, so we offer them very competitive rates on both. They gravitate toward no fee products, so we're giving them an account that is free of maintenance fees. They care about investments, so we're offering financial seminars that are tailored to their interests. So it's no exaggeration to say that Silver Elite was truly built for our senior customers by our senior customers."

U.S. Bank Silver Elite Checking requires no monthly maintenance fee, nor does it require direct deposit or automatic payment to a home equity loan or line of credit, which is sometimes required to waive the monthly maintenance fee on other accounts. Additionally, Silver Elite Checking is an interest bearing account that includes free U.S. Bank logo style checks or 50 percent off the cost of other styles of checks and free ATM transactions including those at non-U.S. Bank ATMs (excluding the fee other banks may assess for using their ATM). Silver Elite customers also enjoy free Internet banking, Internet bill pay, statements with check images and online access to check images at usbank.com. U.S. Bank also offers Silver Elite customers preferred rates on a new retirement money market account and CDs.

Consumers interested in learning more about Silver Elite Checking should visit usbank.com, call 1-800-USBANKS or visit any U.S. Bank branch office.

U.S. Bancorp (NYSE:USB), with assets of $195 billion, is the 6th largest financial services holding company in the United States. The company operates 2,370 banking offices and 4,620 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is home of the Five Star Service Guarantee which assures customers of certain key banking benefits and services or customers will be paid for their inconvenience. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at usbank.com.


U.S. Bank Media Relations
Teri Charest

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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