Umpqua Bank Thrive Money Market Account Review

Umpqua Bank Thrive Money Market Account is offered by Umpqua Bank, a bank founded in 1953 and based in Spokane, WA. Umpqua Bank Thrive Money Market Account is available in 50 states (and Washington, DC).

• Low APY. The maximum annual percentage yield for this account is only 0.05.
• Charges a monthly fee. This account charges a monthly service fee of up to $10, but the fee is waived if you keep a minimum balance of $1,000.
• Small minimum initial deposit. You only need $100 to open an account.

Pros	Cons
Available in all 50 states. Does not offer mobile check deposits. Access to physical branches. Free debit card No charge on incoming domestic or international wire transfers.	No signup bonus. Monthly service charge.

Are money market accounts from Umpqua Bank federally insured?

Yes, your Umpqua Bank money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #17266). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the interest rates for Umpqua Bank Thrive money market rates?

Umpqua Bank Thrive money market offers an APY starting at 0.01% and ranging up to 0.05% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $0.01.

Umpqua Bank Thrive money market Rates and Terms

Rates	Amount
APY (Annualized Percentage Yield)	0.01% - 0.05%

What are the fees for Umpqua Bank Thrive Money Market Account?

This account charges a monthly maintenance fee of up to $10. You can avoid this fee by maintaining a balance of $1,000.

Umpqua Bank will charge you a $10 fee if you exceed your maximum number of monthly transactions.

Umpqua Bank Thrive Money Market Account Fees

Fees	Amount
Monthly Fee	up to $10
Paper Statement Fee	$3
Excess Transaction Fee	$10

What is the minimum balance for Umpqua Bank Thrive money market?

Minimum deposit of $100. You must make an initial deposit of at least $100 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $1,000.

Interest rate minimum balance of $0.01. You must keep the account balance above $0.01 to earn interest.

What features and perks does Umpqua Bank Thrive money market offer?

This account includes the following features:

• Fraud monitoring - Umpqua Bank monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - Umpqua Bank Thrive money market allows you to manage your money through online banking and a dedicated mobile app.

What is the customer service phone number?

The customer service number for this business card is (800) 650-7141.

What is the support contact email?

The support contact email for this business credit card is homelending@umpquabank.com.

How do people rate the customer service and user experience?

Overall, this business credit card is strongly recommended based on community reviews that rate customer service and user experience.

How to open an account with Umpqua Bank

• Visit the Umpqua Bank website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.