Umpqua Bank Review 2022

The deposit required to open Grow Savings is only $25.

There are several ways to sidestep the account’s monthly $3 maintenance fee.

Higher yields can be found elsewhere, especially online banks.

Savings accounts with higher APYs and no minimum balance requirements can be found elsewhere.

The bank offers a range of CD terms.

The opening deposit on CDs is a reasonable $1,000.

Lower opening deposit requirements can be found at other banks.

CD penalties can be steep. On one-year CDs, early withdrawals cost 3 percent of the principal amount withdrawn, plus a $25 fee.

There are no bump-up or no-penalty CDs.

Higher yields can be found at other banks.

Only $100 is required to open the money market accounts.

The Prosper Money Market account pays a slightly higher yield if you also have a checking account with the bank.

Higher yields can be found elsewhere.

A $10 monthly maintenance fee applies on the Thrive Money Market if the account balance drops below $1,000.

A $15 monthly fee applies on the Prosper Money Market account if the minimum daily balance drops below $10,000.

Umpqua Bank offers a variety of checking accounts to meet different needs and goals.

With Embark Checking, customers get reimbursed up to $10 in out-of-network ATM fees each month when an average balance of at least $2,500 is maintained.

Even with the basic Embark Checking account, customers have access to the Go-To app.

The bank charges $2.50 per out-of-network ATM transaction, unless you qualify for a waiver.

All Attain Checking balance tiers earn the same APY.