UMB Premium Savings Account
If you are looking for deposit options for larger savings balances and you have a UMB Select Checking® account relationship, then a UMB Premium Savings account may be the right solution for you.* UMB Select Checking accountholders are eligible for UMB's relationship savings account, called UMB Premium Savings. You can take advantage of great relationship rates on our UMB Premium Savings account.
Take advantage of our Special Offer UMB Premium Savings special account rate with options tailored to meet your specific needs.
- 0.70% annual percentage yield on balances of $25,000.00 or more (Please refer to interest rate and annual percentage yield information for balances lower than $25,000.00.)
- Minimum opening deposit: $25,000.00
- Must maintain a UMB Select Checking relationship*
UMB Premium Savings account 0.70% APY (Annual Percentage Yield) on balances $25,000.00 or more1. For balances lower than $25,000.00, refer to the chart below for interest rate information.
If you don't yet have a UMB Select Checking account, you can open one today!
Stop by a branch today to take advantage of these opportunities!
*UMB Benefits Banking and UMB Employee Performance Checking accounts are also eligible to receive these limited-time savings rates.
Information about this deposit account is available in UMB Bank's Deposit Account Agreement (called Important Information Regarding Your Deposit Accounts), and information about service fees and charges for this deposit account is available in the bank's Consumer Banking Schedule of Service Fees and Charges.
1 UMB Premium Savings account will be available to UMB Bank customers who have UMB Select Checking, UMB Benefits Banking, or UMB Employee Performance Checking accounts with the Bank on and after March 28, 2018, and establish a UMB Premium Savings account on and after that date. UMB Bank reserves the right to discontinue the Special Offer at any time. Personal Banking accounts only.
Minimum Deposit: The minimum deposit to establish a Special Offer UMB Premium Savings account is $25,000.00.
- Monthly Service Fee: $25.00
- Monthly Service Fee Waiver Option: $25,000.00 minimum daily ledger balance
The minimum daily ledger balance refers to a minimum threshold in the ending ledger balance of the account each day during the monthly service charge cycle.
Rates and yields below are effective as of March 28, 2018:
|Deposit Balance||Interest Rate||Annual Percentage Yield|
|$0.00 - $9,999.99||0.25%||0.25%|
|$10,000.00 - $24,999.99||0.45%||0.45%|
|$25,000.00 - $49,999.99||0.70%||0.70%|
|$50,000.00 - $74,999.99||0.70%||0.70%|
|$75,000.00 - $99,999.99||0.70%||0.70%|
|$100,000.00 - $999,999.99||0.70%||0.70%|
|$1,000,000.00 and greater||0.70%||0.70%|
Please note that the UMB Premium Savings account interest rates and annual percentage yields specified above will be in effect for a twelve (12) month period commencing on the date the account is established. Thereafter, the UMB Premium Savings account interest rate and annual percentage yield may change at any time at the sole discretion of UMB Bank.
If the balance of your UMB Premium Savings account were to exceed One Hundred Thousand U.S. Dollars ($100,000.00), then UMB Bank reserves the right, without notice to you, to transfer your funds from your UMB Premium Savings account to a UMB Daily Investment Money Market account. Also, if your qualifying checking account were closed, then UMB Bank would transfer the balance of your UMB Premium Savings account to a UMB Daily Investment Money Market account. If your account were transferred to a UMB Daily Investment Money Market account, then your account would no longer be eligible to receive the interest rate and annual percentage yield associated with the UMB Premium Savings account.
Fees and charges could reduce the earnings on the UMB Premium Savings account.