UMB Savings Accounts
MOST POPULAR
UMB Savings
Apply nowInterest-bearing
Low minimum opening deposit
Low minimum balance monthly service fee waiver option
TIERED BALANCE INTEREST
UMB Retail Money Market
Apply nowInterest paid on tiered balances
Debit card access
Monthly service fee waiver option
LARGER BALANCE OPTION
UMB Premium Savings
Apply nowInterest paid on tiered balances
Savings account for those with larger balances
Monthly service fee waiver option
Open a savings account online today
Compare the interest-earning savings accounts below to see which one is right for you.
Diverse options
Find the savings account option that makes the most sense for your lifestyle and future goals.
Exceptional service
UMB’s one-on-one financial coaching can help you get the most from your banking experience.
Digital banking built for you
Online and mobile banking, phone banking, bill pay, Google Pay, Apple Pay and more – bank however you want to bank with UMB.*
*Some restrictions may apply. See the UMB Online Banking Agreement and the UMB Mobile Remote Deposit Terms and Conditions for more information. Consult your mobile carrier about applicable data usage or SMS charges.
Compare
UMB SAVINGS |
UMB YOUTH SAVINGS |
UMB RETAIL MONEY MARKET |
UMB PREMIUM SAVINGS |
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Is it right for you? |
A straightforward savings account to help you reach your goals. |
A savings account opened in the name of a child can help them start financially strong. |
An interest-bearing savings account that provides check and debit card access to balances. |
An interest-bearing savings option for those with larger savings balances. |
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Minimum Opening Deposit |
$100 |
$25 |
$100 |
$25,000 |
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Monthly Service Fee |
$3 |
No Fee |
$10 |
$25 |
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Interest Paid on Balance |
SVG
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SVG
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SVG
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SVG
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Transaction Limitations |
SVG
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SVG
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SVG
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SVG
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UMB ATM Withdrawal |
No Fee |
No Fee |
No Fee |
No Fee |
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Non-UMB ATM Withdrawal** |
$2 Each |
$2 Each |
$2 Each |
$2 Each |
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How to Waive Monthly Service Fee |
$100 minimum daily ledger balance |
N/A |
$1,000 average collected balance |
$25,000 minimum daily ledger balance |
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Online Rates |
Contact your local branch |
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Application |
**The institution that owns the non-UMB Bank ATM may also charge an access fee, which cannot be refunded.
GET STARTED AND SEE YOUR SAVINGS GROW!
4.30% APY* 3-MONTH TIME DEPOSIT ACCOUNT
ON NEW ACCOUNT BALANCES OF $5,000 OR MORE
4.02% APY* 11-MONTH TIME DEPOSIT ACCOUNT
ON NEW ACCOUNT BALANCES OF $5,000 OR MORE
4.05% APY* UMB RETAIL MONEY MARKET ACCOUNT
ON NEW ACCOUNT BALANCES OF $10,000 OR MORE
*TERMS AND CONDITIONS APPLY
All Accounts Include
time-deposit
Time Deposit Accounts (TDs or CDs)
If you’re interested in locking in an interest rate for a set period of time, a time deposit account may be right for you. This type of account offers a fixed rate of interest for a term of your choice with rates that may be higher than what is offered on savings accounts.
- $500 account opening minimum (minimum may be higher for some specials)
- Automatically renews after your term matures
- May be used as collateral for a consumer loan (subject to credit approval)
UMB Youth Savings Account
Big dreams start small, so help the child in your life start saving money today. This account is designed so that a parent or guardian can establish a savings account in the name of a child. Help the young ones in your life start financially strong.
- Interest-bearing
- No monthly service fee
- $25 minimum opening balance
Looking for private banking solutions?
UMB offers personalized banking services for individuals and families with high net worth, including in-depth financial consultations and a full-service review of your goals and needs.
Looking for a health savings account?
The UMB health savings account (HSA) helps you better manage healthcare costs today and in the future with easy access to funds, dedicated customer service, and the tools you need to make the most of your money.
FAQs
Questions about Savings Accounts? UMB has answers.
A savings account helps you reach your financial goals. To find the right savings for you, consider your needs first including how often you plan to withdraw funds, service and maintenance fees, and how you prefer to access your money.
Yes! A UMB Youth savings account is one way to help a child start a financial foundation. These accounts are opened by a parent or guardian in the name of a child.
Download or view the UMB Consumer Banking Schedule of Service Fees and Charges
Limitations on Withdrawals
UMB limits certain types of withdrawals (including transfers) from savings and money market accounts. You may make no more than six (6) withdrawals and transfers from your UMB Savings account to another of your accounts or to third parties during a monthly service charge cycle. Examples of transfers and withdrawals that are subject to these limitations include transfers and withdrawals made by check, ACH, telephone, online and mobile banking, debit card purchases, wires, overdraft protection service transfers, and pre-authorized funds transfers. If you exceed these transaction limitations on your UMB Savings account, UMB Bank may close your UMB Savings account or transfer its balance to a deposit account that is not subject to these transaction limitations. Deposit accounts that are not subject to these transaction limitations might not earn interest, or might earn interest at a lesser rate or have different interest rate tiers, than your UMB Savings account. Certain types of transfers and withdrawals, such as in-person cash withdrawals at a UMB branch, internal (within UMB Bank) transfers of funds to pay a UMB Bank loan obligation, and ATM withdrawals, are not limited.
UMB Savings account service charges on withdrawals
Your UMB Savings account will incur an Excessive Withdrawal Charge(s) if you exceed the limitations on withdrawals (see Limitations on Withdrawals section). For each withdrawal (including transfers) made from your UMB Savings account in excess of the six (6) withdrawal and transfer maximum per monthly service charge cycle, your account will incur a $3 Excessive Withdrawal Charge, which will appear as a debit on your account statement. Examples of transactions subject to this charge include withdrawals or transfers made by check, ACH, telephone, online and mobile banking, debit card purchases, wires, overdraft protection service transfers, and pre-authorized funds transfers.
UMB Youth Savings account service charges on withdrawals:
Your UMB Youth Savings account will incur an Excessive Withdrawal Charge(s) if you exceed the limitations on withdrawals (see Limitations on Withdrawals section). For each withdrawal (including transfers) made from your UMB Youth Savings account in excess of the six (6) withdrawal and transfer maximum per monthly service charge cycle, your account will incur a $1 Excessive Withdrawal Charge, which will appear as a debit on your account statement. Examples of transactions subject to this charge include withdrawals or transfers made by check, ACH, telephone, online and mobile banking, debit card purchases, wires, overdraft protection service transfers, and pre-authorized funds transfers.
UMB Retail Money Market account service charges on withdrawals:
Your UMB Retail Money Market account will incur an Excessive Withdrawal Charge(s) if you exceed the limitations on withdrawals (see Limitations on Withdrawals section). For each withdrawal (including transfers) made from your UMB Retail Money Market account in excess of the six (6) withdrawal and transfer maximum per monthly service charge cycle, your account will incur a $15 Excessive Withdrawal Charge, which will appear as a debit on your account statement. Examples of transactions subject to this charge include withdrawals or transfers made by check, ACH, telephone, online and mobile banking, debit card purchases, wires, overdraft protection service transfers, and pre-authorized funds transfers.
UMB Premium Savings account service charges on withdrawals:
Your UMB Premium Savings account will incur an Excessive Withdrawal Charge(s) if you exceed the limitations on withdrawals (see Limitations on Withdrawals section). For each withdrawal (including transfers) made from your UMB Premium Savings account in excess of the six (6) withdrawal and transfer maximum per monthly service charge cycle, your account will incur a $15 Excessive Withdrawal Charge, which will appear as a debit on your account statement. Examples of transactions subject to this charge include withdrawals or transfers made by check, ACH, telephone, online and mobile banking, debit card purchases, wires, overdraft protection service transfers, and pre-authorized funds transfers.
Download or view your Deposit Account Agreement.
Learn about 1099 tax statements, whether or not you will receive one, and how to access your tax statement.
Other Products and Services
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Review savings account details in our comparison table. If you need assistance, have a UMB banker contact you.
To open an account online, you must:
- be 18 years old or older
- be a U.S. citizen or U.S. resident alien
- live in one of the following states: Arizona, Colorado, Illinois, Kansas, Missouri, Nebraska, Oklahoma and Texas
- have a state ID, driver’s license, or learner’s permit. If you do not have these forms of identification, please contact a nearby branch for more information about forms of identification accepted in branch.