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United Mississippi Bank
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CDs & IRAs

UMB Certificates of Deposit (CD) and Individual Retirement Accounts are a safe and secure way to earn a higher return on your investment.  Highly competitive interest rates (annual percentage yields) make the CD and IRA a wise investment.

CDs
  • Maturity for a CD ranges from 30 days to 5 years.
  • Minimum balance to open an account is $500.00.
  • Interest may be paid monthly, quarterly, semiannually, annually or at maturity, depending on term.
  • The daily balance method is used to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
  • A penalty may be imposed for withdrawals before maturity.
IRAs
  • Maturities for IRAs are from 1 to 5 years.
  • Minimum balance to open an account is $500.00.
  • CDs are compounded quarterly and credited quarterly.
  • A penalty may be imposed for withdrawals before maturity.
For current rates, please call a UMB Customer Service Representative at
(877)709-7070 or (601)492-2100.