About Umpqua Bank
Umpqua State Bank was formed in Oregon in 1953. It was started by six employees in the timber business who wanted to create a bank where employees could go and cash their checks. After several mergers and acquisitions, it currently operates more than 300 branches in Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, and Washington, making it the largest regional bank in the Northwest.
Umpqua Bank Overview
Umpqua Bank offers a variety of bank products, such as CDs, checking, money market, and savings accounts. It does this through almost 300 branches in eight states, its website, and its mobile app. It also offers fee-free access to more than 200 ATMs within the states it operates in. The rates on some of its CDs are competitive, but the majority of its accounts offer yields and features that are in line with those of most big banks.
| Free checking accounts are available. | The Special CDs require a higher minimum opening deposit. |
| Monthly service charges can be waived by meeting certain balance requirements. | Small ATM network. |
| Offers a wide range of banking products. | Only operates in a handful of states. |
| Many accounts don't require a minimum opening deposits. | The majority of its accounts offer low APYs. |
Umpqua Bank Product Offerings
CDs
A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period, known as a term. Umpqua Bank offers CDs with terms ranging from one month to five years. It offers competitive APYs on a handful of its CDs, with the rest offering yields at or below the national average of 2.60%. The Special CDs require higher minimum opening deposits, while the rest are at $1,000. Here are the details for some of the bank's CD offerings for April 2025:
Checking Accounts
Umpqua Bank offers several different business and personal checking accounts. Most of the checking accounts offer APYs below the national average of 0.01% for checking accounts. Many checking accounts offer no monthly service charges or charges that can be waived by meeting certain balance requirements. Here are the latest account details for April 2025:
Money Market Accounts
A money market account is an interest-bearing hybrid between a savings account and a checking account. Umpqua Bank offers a number of different business and personal money market accounts, most of which offer tiered APYs, and some of which are higher than the national average of 2.02%. Here are the account details for April 2025:
Savings Accounts
Umpqua Bank offers a number of different business and personal savings accounts. All accounts either have a monthly service charge that can be waived or no monthly service charge, and all have a little to no minimum opening deposit. The yields offered are in line with those of most traditional banks and below the national average of 1.45%. Here are the latest savings account details for April 2025:
Bank Fees
Overdraft fee: $35
Savings and Money Market Account withdrawals: $5 per excess withdrawal
Account closure fee: None
Wire transfer fee: Domestic - Incoming is $15 and outgoing is $30; International - Incoming is $15 and outgoing is $50
Non-network ATM fee: $2.50
Monthly service charge: $3-$25 depending on the type of account
Stop payment fee: $35
Paper statement fee: $3
Umpqua Bank Features
Umpqua Bank's customer service line is available seven days a week from 8 a.m. to 6 p.m. PST via phone and online chat. They also operate an automated phone line 24 hours a day, 7 days a week, for basic account functions. The bank operates almost 300 branches in eight states and allows fee-free access to more than 200 ATMs. It also offers an easy-to-use mobile app that allows customers to manage their accounts and perform basic account functions.
Umpqua Bank FAQs
Our Take
Umpqua Bank offers a wide selection of accounts, such as CDs, educational savings accounts, checking accounts, etc. The bank offers a few CDs with competitive APYs, but they require a much higher minimum opening deposit as compared to its other CD products. Its checking accounts are, for the most part, basic checking accounts that would work for someone who just needs a simple transactional account. As far as the money market and savings accounts, most have monthly service charges that can be waived if minimum balance requirements are met. The one downside is that most only allow six fee-free withdrawals per month. All in all, the bank is a typical regional bank, offering a few products with competitive yields, while the rest are similar to accounts at any other bank. Umpqua Bank may be a good option for residents of the states it operates in, but not so much for anyone who doesn't live in one of those eight states.
Methodology
Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.