|APY (Annual Percentage Yield)||0.03% - 0.10%|
|APY Minimum Balance||$0.01|
|Minimum Initial Deposit||N/A|
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 is available in 5 states across the USA.
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 Umpqua Bank Prosper Money Market Account rates?
Umpqua Bank Prosper Money Market Account offers an APY starting at 0.03% and ranging up to 0.10% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $.01.
|APY (Annualized Percentage Yield)||0.03% - 0.10%|
What are the Umpqua Bank Prosper Money Market Account fees?This account charges a monthly maintenance fee of up to $15. You can avoid this fee by maintaining a balance of $10,000.
|Monthly Fee||up to $15|
|Paper Statement Fee||N/A|
What is the minimum balance for Umpqua Bank Prosper Money Market Account?
No minimum initial deposit. Umpqua Bank does not require a minimum initial deposit to open an account.
Monthly maintenance minimum balance of $10,000. You can avoid the monthly fee if you keep a minimum balance $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 Bank Prosper Money Market Account offer?
This account does not seem to offer any of the features and perks we track.
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.
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Umpqua Bank Money Market Accounts
APY (Annual Percentage Yield)
APY Minimum Balance
Minimum Initial Deposit
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