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. 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. 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. 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. If you close a Christmas Club account before the interest is credited, you will not receive the accrued interest.UMB limits certain types of withdrawals (including transfers) from savings and money market accounts. Interest is paid at the end of the annual club plan.

~ Christmas Club disclosures: $10 fee for each withdrawal before the end of the club year.

Effect of Fees: fees may reduce earnings.

If you do not tell us you are closing your account you will not receive your accrued interest.

If you close your account before interest is credited, you will receive interest only if you notify us at the time of closing.We may change the rate at our discretion. All interest bearing accounts are variable rate accounts.Accrual: Interest begins to accrue no later than the day we receive full credit for the deposit of non-cash items (for example checks).Certificates of Deposit interest is compounded every 6 months. Interest is paid (credited) and compounded monthly, except for Regular Savings which is paid (credited) and compounded quarterly. This method applies the daily periodic rate to the principal in the account on each day. Balance Computation Method: We use the daily balance method to calculate the interest on your account.~Note the additional Christmas Club disclosures listed below~. The interest rate and Annual Percentage Yield (APY) are subject to change at any time. The following applies to all interest bearing accounts listed on this page. See a Customer Service Representative for details.ĭisclosure For All Interest Bearing Accounts

Certificates of Deposit are subject to a penalty in the event of early withdrawal.

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