Umpqua Bank Prosper Money Market Account

Umpqua Bank Prosper Money Market Account Review

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

Key Takeaways

• Low annual percentage yield (APY). The maximum annual percentage yield for this account is only 0.08.
• Charges a monthly fee. This account charges a monthly service fee of up to $15, but the fee is waived if you keep a minimum balance of $10,000.
• Small minimum initial deposit. You only need $100 to open an account.

Pros & Cons of Umpqua Bank Prosper Money Market Account

Umpqua Bank Prosper Money Market Account FAQ

Are money market accounts from Umpqua Bank federally insured?

Yes, your deposits 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 money market rates?

Umpqua money market offers an APY starting at 0.01% and ranging up to 0.08% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $0.01.

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

What is the minimum balance for Umpqua 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 $10,000.

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 money market offer?

This account includes the following features:

• Fraud monitoring - Umpqua Bank monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - Umpqua 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 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.