Umpqua Bank currently has a pretty nice (and creative) bonus for it’s prospective customers. It involves opening a “Sweet Saver” account as well as a free checking account, but pays bonuses monthly!

Umpqua Bank has many locations along the west coast (Washington, Oregon and California) however, this deal may be available throughout the nation. You may want to contact them to see if there are any geographical restrictions for opening a new account. Once you find out, let us know by leaving a comment!

Here is how it works:

• Using Umpqua online banking, set up an automatic funds transfer from your Umpqua Free checking to the Umpqua Sweet Saver account of at least $50 per month and make sure your savings account balance grows by at least $50 per month.
• They’ll kick in $10 a month through April 2010. That’s it! The minimum opening balance for both accounts is $100, but they recommend you maintain at least $200 in your Umpqua Sweet Saver account in order to make sure you get the full $10 monthly credit. (There’s a slight fee if you don’t maintain a $200 minimum balance.)

You must open your free checking and “sweet savers” account by the end of August 2009.

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