Additional information of Grow Savings account
Umpqua Bank's Grow Savings account is intended to give you greater simplicity when it comes to saving. Whether you want to put money away for retirement, your children's education or a nice vacation, this financial instrument gives you a 0.01% APY with interest that accrues monthly.
This interest-bearing savings account requires an initial deposit of $25, but we suggest you start with a little more to avoid the $3 monthly maintenance fee. There are other ways to waive this maintenance fee:
- When the account holder is 18 years old or 55 years old.
- By linking an Access Checking or Attain Checking account.
- If you complete a monthly transfer from an Umpqua personal deposit account to grow your savings. This can be done online (mobile/online banking), by phone or as a scheduled transfer.
You may be interested in: First Citizens Bank accounts reviews
With this financial management tool, you can make a maximum of 6 transactions during the calendar month. Withdrawals and transfers can be: ACH transfers, drafts, bill payments, telephone transfers and POS transactions. If you exceed this limit, there is a penalty fee. At in-store and ATM locations, there is no withdrawal limit.
Umpqua Bank's Grow Savings account is a simple and practical way to put away a little money each month to provide you with more financial support when you need it. Like this bank product there are many more to see and we suggest you use Busconomico's search engine to compare the best rated ones.
Español: Cuenta Grow Savings de Umpqua Bank