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In today’s climate of uncertainty comes… certainty. Enjoy peace-of-mind with an Umpqua Private Bank Money Market Account. Earn up to 2.25% Annual Percentage Yield (APY) on money market account balances of $500,000 or more.1 The more you save, the more you earn.
With our Umpqua Private Bank Money Market Account, you get these great advantages:
Money Markets generally offer higher yields over regular savings accounts
Security in the face of uncertainty
Interest compounded monthly
No monthly maintenance fees
FDIC insured up to the maximum coverage allowed
A money market savings account is a government-insured bank account that typically pays a higher interest rate than a savings account and provides the account holder with cash withdrawal privileges. It is insured by the Federal Deposit Insurance Corporation up to the legal limit of $250,000 per person, per bank, per ownership category. This type of account offers both savings and checking tools at generally higher yields than regular savings and checking accounts.
For accounts that qualify, the Special APY is in effect from April 8, 2019 - May 31, 2020. Up to 2.25% APY on balances of $500,000 or more (2.00% APY on balances below $500,000.)