Compound Interest Calculator
Money Market Account from Umpqua Bank with 4.20% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from Umpqua Bank with 4.20% APY and $10,000 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $30,179. The interest earned would be $10,179 and the tax amount on the interest earned would be approximately $3,054.

Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for Umpqua Bank

Savings Boost of
$6,813 over 10 years
Cash Savings $20,000
Average Interest Earned $312

 
Umpqua Bank Interest Earned $7,125

 

 

See comparison detail table

This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.

Comparison Detail Table Close X

Average Rate Scenario

Rate:
0.22%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 44 31
2 20,044 44 31
3 20,088 44 31
4 20,133 44 31
5 20,177 45 31
6 20,222 45 31
7 20,267 45 31
8 20,311 45 31
9 20,356 45 31
10 20,401 45 32
TOTAL: $446 $312

Umpqua Bank Scenario

Rate:
4.20%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 840 588
2 20,840 875 613
3 21,715 912 638
4 22,627 950 665
5 23,578 990 693
6 24,568 1,032 722
7 25,600 1,075 753
8 26,675 1,120 784
9 27,795 1,167 817
10 28,963 1,216 852
TOTAL: $10,179 $7,125

Take Action

The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.


Recent Rate Changes



Date APY
April 1, 2024 4.20%
February 27, 2024 4.40%


Featured CD Rates

Advertiser Disclosure
ONLINE BANKS APY? MIN?

5.15% APY, 13-Month Online CD. Easy online application. Interest compounded daily. FDIC Insured.

12-Month

5.15% APY, 13-Month Online CD. Easy online application. Interest compounded daily. FDIC Insured.

13-Month

Save for the things you want later. Easy online application.

7-Month

7-Month CD Special - Save for the things you want later. Easy online application.

6-Month

5 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.



Customer Reviews for Umpqua Bank


  • August 25, 2021 |

    I have banked with Umpqua in Gig Harbor since 2013 and although there money market rates are not good didn’t have much problem until I moved to Spokane and started using this branch on south hill. They will not take any check that is made out to you and your spouse. Even if you and your spouse are both there at the bank with valid Real IDs that require a birth certificate to get and you both sign the check in front of the bank teller. The branch manager was also unwilling to help.
    So my wife and I took our US treasury check to deposit at Washington trust bank and had no problems. I suggest you do your banking somewhere else.

  • October 5, 2019

    CDs 13 Month Rates

    yes, Good rate 13 Mo CD


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