Umpqua Bank offers low-fee accounts and competitive CD rates in 2024

Umpqua Bank operates about 300 branches on the West Coast and offers options like checking and savings accounts with low fees. Customers can waive monthly fees by meeting certain requirements, such as maintaining a minimum balance. The bank's checking account has no monthly fee if customers opt for online statements. However, its savings accounts have low interest rates and monthly fees unless waived. Umpqua Bank also provides competitive CD rates for some terms. Umpqua Bank merged with Columbia Bank in March 2023, but continues to operate under its own name. The bank has received an A+ rating from the Better Business Bureau, despite a past settlement with the FDIC over fee-related issues.