bank rates

Have $10 A Month Added To Your Savings

Umpqua Bank, which has scores of branches throughout the Pacific Northwest, has come up with a new incentive to save more.

Open a “Sweet Saver” savings account and free checking account before August 28, 2009.

Umpqua Bank Sweet Saver Account

Then have at least $50 a month automatically transferred from your checking account to your savings account.

Umpqua will reward your thrift by adding $10 a month to your savings account through April 2010. If you get started in July, you could have an extra $100 by spring.

It’s possible to open both accounts online, but you must live in those parts of California, Oregon or Washington that Umpqua serves.

The bank has designed a zip code finder that lets you know immediately whether you’re eligible.

What’s not to like? The interest rate on Umpqua’s Sweet Saver account isn’t all that sweet — 0.50% APY.

Compare that with the best interest rates on savings and money market accounts from dozens of other banks in our extensive database.

Student LoansYou might be able to lower your student loan payments by taking advantage of the government’s new Income Based Repayment Plan. It’s the first time student loans have taken into account how much graduates make when calculating how much they must pay each month. You’ll find it on Bankaholic’s Personal Finance Blog, which you can always reach by clicking the “finance” tab at the top of any page.

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