UMB Bank's time deposit/certificate of deposit accounts are a savings account that locks your money down for a certain time period. This means you can’t access the funds for a certain amount of months, or you will have to pay a penalty. Interest rates tend to be slightly higher on time deposits and can be a great tool if you know you won’t need those funds for several months.
A time deposit/certificate of deposit account from UMB Bank can be a great tool to help you achieve your savings goals. Read more about UMB's time deposit accounts and apply today at a branch.