UMB Certificates of Deposit (CD) and Individual Retirement Accounts are a safe and secure way to earn a higher return on your investment. Highly competitive interest rates (annual percentage yields) make the CD and IRA a wise investment.
CDs
- Maturity for a CD ranges from 30 days to 5 years.
- Minimum balance to open an account is $500.00.
- Interest may be paid monthly, quarterly, semiannually, annually or at maturity, depending on term.
- The daily balance method is used to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
- A penalty may be imposed for withdrawals before maturity.
IRAs
- Maturities for IRAs are from 1 to 5 years.
- Minimum balance to open an account is $500.00.
- A penalty may be imposed for withdrawals before maturity.
For current rates, please call a UMB Customer Service Representative at
(877)709-7070 or (601)492-2100.