Get started and see your savings grow! Don't miss out on these limited time special offers.
Visit your local UMB branch today to open an account and take advantage of these great rates!
We often refer to a time deposit account as a "CD" or "Certificate of Deposit" account even though we do not issue actual "certificates."
- 5-MONTH TIME DEPOSIT ACCOUNT SPECIAL OFFER: Annual Percentage Yield (APY) effective as of 01.09.2025. The minimum deposit amount required to establish this 5-Month Time Deposit Account ("CD") Special Offer and obtain the 4.36% APY is $5,000.00. Interest rate 4.31%. Restrictions apply. Not available for individual retirement accounts. A penalty will be imposed on early withdrawals.
11-MONTH TIME DEPOSIT ACCOUNT SPECIAL OFFER: Annual Percentage Yield (APY) effective as of 12.12.2024. The minimum deposit amount required to establish this 11-Month Time Deposit Account ("CD") Special Offer and obtain the 4.22% APY is $5,000.00. Interest rate 4.21%. Restrictions apply. Not available for individual retirement accounts. A penalty will be imposed on early withdrawals.
These Special Offers will be available to new UMB Bank customers who establish a new UMB Time Deposit account with at least $5,000 new money (funds not currently on deposit at UMB). For existing UMB Bank customers, these Special Offers will be available for customers who establish a new UMB Time Deposit account with at least $5,000, of which $0.75 of every $1.00 is new money (funds not currently on deposit at UMB). Limited time offers; UMB Bank reserves the right to discontinue these Special Offers at any time. - UMB RETAIL MONEY MARKET ACCOUNT SPECIAL OFFER: Annual Percentage Yield (APY) effective as of 02.13.2025. All account applications are subject to approval. This Special Offer is available to new UMB Retail Money Market accounts opened in the following states: Arizona, Colorado, Illinois, Kansas, Missouri, Nebraska, Oklahoma, Texas; and, to new UMB Retail Money Market accounts opened as part of the UMB myPerks Workplace Banking program. The minimum opening deposit amount required to establish this Special Offer UMB Retail Money Market account is $1,000.00. For new UMB Bank customers, the minimum balance required to obtain the 4.05% APY is $10,000.00 in new money (funds not currently on deposit at UMB). For existing UMB Bank customers, the minimum balance required to obtain the 4.05% APY is $10,000.00, of which $0.75 of every $1.00 is new money (funds not currently on deposit at UMB). Limited time offer; UMB Bank reserves the right to discontinue this Special Offer at any time.
Balance Levels Interest Rate APY $0.00 - $9,999.99 0.10% 0.10% $10,000.00 - $24,999.99 3.98% 4.05% $25,000.00 - $49,999.99 3.98% 4.05% $50,000.00 - $74,999.99 3.98% 4.05% $75,000.00 - $99,999.99 3.98% 4.05% $100,000.00 - $999,999.99 3.98% 4.05% $100,000,000.00 and above 3.98% 4.05%
Interest rates and annual percentage yields may vary by region and may be changed at any time solely at the discretion of the Bank, including after your account has been opened. Account subject to transaction limitations. Fees and charges could reduce earnings. Restrictions apply.
5-Month Time Deposit Account Special Offer
Open an account at a UMB branch
• $5,000 minimum balance to open and obtain special offer
%
APY1
5.10
Limited Time Special Offers
4.05
UMB Retail Money Market Account
$5,000 minimum balance to open and obtain special offer
4.30
UMB Retail Money Market Account Special Offer
Open an account at a UMB branch or
%
APY2
• $1,000 minimum deposit to open
• $10,000 minimum balance to obtain special offer
%
APY2
$1,000 minimum deposit to open
$10,000 minimum balance to obtain special offer
UMB Bank Customer Reviews
Always friendly and knowledgeable while always going the extra mile to help me out! This is one of the reasons I have banked with UMB for over 40 years!
- Darrell from Independence, MO
Great service and locations. Everyone was so friendly and professional. It is so nice that there is still a bank that caters specifically to its customers needs.
- Cynthia from Phoenix, AZ
My UMB Bank staff are always available, knowledgeable, and helpful! They have helped me for years with many issues and life events. I highly recommend UMB!
- Gina from Denver, CO
For balances $100k and over, visit a branch to open your account
So, what are you saving for?
Make your money work with great rates on these time deposit and money market accounts.
But don’t wait. These offers are for a limited time only!
All reviews courtesy of Google
Family vacations
Home repairs
Celebrations
Big purchases
Time Deposit (TD) Account
4.36
%
APY1
5-Month Time Deposit Account
4.22
%
APY1
11-Month Time Deposit Account
$5,000 minimum balance to open and obtain special offer on all TD accounts listed above
Open an account at a UMB branch or select a balance option and apply online above.
With great rates and term options, choose a high-yield account that’s right for you.
Supercharge your savings with UMB
Time Deposit and Money Market Accounts
Money Market Account
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What is a Time Deposit (TD) or CD account?
Commonly referred to as a certificate of deposit (CD) account, a TD is a savings vehicle that typically allows you to earn interest on your money faster, or at a greater rate, than a standard savings account. TDs have a fixed term and a fixed interest rate, so they’re a low-risk way to grow your savings within a certain amount of time.
However, these interest rate advantages come with a stipulation: TDs lock your money in for a specific time period (term), which can range from one month to five years (and beyond). If you need access to your funds before the term ends/matures, there may be a fee or penalty for early withdrawal. A TD’s term is dependent on both the institution offering the account, and the interest rate you prefer, with longer terms sometimes offering the most attractive interest rates.
What is a money market account?
A money market account is a unique deposit account that allows you to save money at a competitive interest rate with multiple ways to access your funds. These accounts typically require a higher opening deposit and minimum balance than a time deposit (TD) or CD, or traditional savings accounts, but, in return, they can provide more payback through higher interest rates.
Most money market accounts offer beneficial features such as interest paid on tiered balances, debit card access and check-writing capability, unlimited deposits, and flexibility for savings and purchases. Before setting up your account, it's important to understand potential drawbacks, such as withdrawal and transfer limitations or lower interest rates when compared to other types of savings accounts. And, in some cases, if you can’t meet the minimum balance required for these accounts, you may have to pay a monthly fee. If you are concerned about any of these account features, speak with your financial professional and they can walk you through the benefits.
Are time deposit (TD) and money market accounts FDIC insured?
Yes, UMB TDs and money market accounts are FDIC insured; however, customers should determine their coverage calculation. For more information on FDIC insurance and to calculate ways to maximize your coverage per insured institution visit edie.fdic.gov.
Is a time deposit (TD) or money market account right for me?
As you choose between a TD, also known as a CD, and a money market account, it’s a good idea to consider your specific financial goal and which account type can best help you achieve it. If you want to set aside your money without access for a time to allow your investment to grow, a TD may be a better choice. But if you’d like to have immediate access to your savings while also earning interest on the balance, then a money market account may be right for you.
Either way, work with your financial professional to decide the best account type for your needs. You can even use both TD and money market accounts to maximize your savings potential.
UMB deposit account agreement
Download or view your Deposit Account Agreement.
1099 tax statement information
Learn about 1099 tax statements, whether or not you will receive one, and how to access your tax statement.
Questions about time deposit (TD) and money market accounts?
Bank deposit products provided by UMB Bank n.a., Member FDIC. Equal Housing Lender
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