OMB Bank

Last Updated: 7/3/2025

Note: Interest rates below are reported as APY, or Annual Percentage Yield

Quick Views

High Interest Savings Account: 1.00% APY(Rank 79 out of 88 savings accounts)

Minimum Deposit: $25 | Bundled Savings & Checking Account

National Savings Interest Rate: 0.38% (as of 6/16/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

BBB Rating: A+

App Store Rating: 4.7/5

Google Play Rating: 4.5/5

Website: Visit OMB Bank

Our Take on OMB Bank

Highlights

1.00% APY for balances up to $100,000.
No maintenance fees or minimum balance requirements.
A+ BBB rating indicates strong trustworthiness.
App Store rating of 4.7 and Google Play rating of 4.5.

Considerations

Requires an OMB High Interest Checking account for APY.
APY drops to 0.25% for balances above $100,000.
No branches available for in-person banking.
Direct deposit not required, but may limit options.

Summary: OMB Bank offers a competitive 1.00% APY on its High Interest Savings Account for balances up to $100,000, alongside no maintenance fees or minimum balance requirements. However, savers must maintain an associated checking account to earn this rate, and the APY decreases for larger balances. With an A+ BBB rating and high app ratings, OMB Bank appeals to tech-savvy customers, though the lack of physical branches may deter some users.

Savings Account

Savings Account Offered by OMB Bank

Feature	High Interest Savings Account
APY	1.00% (as of 7/3/2025)
APY Trend	Stable for the last month
Minimum Deposit	$25
Minimum Balance for APY	$0
FDIC-insured	Yes
Online Only	No
Bundled Account	Yes
Direct Deposit Required	No
Compound Frequency	Quarterly
Maintenance Fee	$0
Eligibility	United States
Note	The 1.00% APY is only available for balances up to $100,000. For balances above that, the APY is 0.25%. Requires an OMB High Interest Checking or OMB Rewards Checking account as well as qualifying activities to earn the APY.
No deposit agreement summary available for this bank.

Calculate Savings for OMB Bank

All calculations are based on APY.

Savings Product:

High Interest Savings Account (APY: 1.00%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1 (0.99%)
Total contributions: $0 (0.00%)
Initial deposit: $100 (99.01%)

Your total balance

$101.00

Effective APY: 1.00% (based on your deposit and contributions)

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

OMB Bank Savings Rates Over Time

Historical APY Insights

Metric	High Interest Savings Account	High Interest Online Savings Account
Latest APY	1.00 %	4.56 %
Trend	Sideways	Sideways
Slope (bps/mo)	0.0	-0.0
Rate Changes / Mo	0.00	0.00
Days Since Last Change	107	107
High (-4 m)	1.00 %	4.56 %
Low (-4 m)	1.00 %	4.56 %
Draw-down from High	0.0 %	0.0 %
Volatility (CV)	0.000	0.000

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 4 months (regression slope).
Slope (bps/mo): Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo: Typical number of APY moves per month.
Days Since Last Change: Recency of the latest APY adjustment.
High (-4 m): Highest APY in the last 108 days.
Low (-4 m): Lowest APY in the last 108 days.
Draw-down from High: How far today sits below the 4-month peak.
Volatility (CV): Coefficient of variation = stdev ÷ mean.

Why Track Savings-Account APYs?

See how quickly a bank reacts to Fed moves or competition.
Gauge “twitchiness” - frequent moves can annoy savers.
Spot if you're buying near a peak (draw-down) or riding a rise.
Slope (bps/mo) shows speed of change.
Volatility (CV) scales jumps by average level.

Compare OMB Bank's Savings Account

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Feature	OMB Bank	Select a bank...
Product	High Interest Savings Account	N/A
APY	1.00% (as of 7/3/2025)	N/A
Bundled Account	Yes	N/A
FDIC-insured	Yes	N/A
Online Only	No	N/A
Compound Frequency	Quarterly	N/A
Minimum Deposit	$25	N/A
Minimum Balance for APY	$0	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A
Note	The 1.00% APY is only available for balances up to $100,000. For balances above that, the APY is 0.25%. Requires an OMB High Interest Checking or OMB Rewards Checking account as well as qualifying activities to earn the APY.	N/A