OMB Bank: Savings Account & Rates
Mission: Banksparency aims to make OMB Bank's savings account transparent and comparable to the market.
Analysis of OMB Bank
Our verdict
OMB Bank offers High Interest Savings Account, a high-yield savings account paying 1.00% APY with a $25 minimum deposit.
At 1.00% APY, OMB Bank pays 3x the national average (0.39%). Ranks in the top tier of 99+ accounts tracked.
Ideal User Profile
- Best for: keeping checking and savings at one bank, quick transfers with Zelle, and having a branch nearby when you need one.
Important Considerations
Key Differentiators
- Stands out with top-rated iOS app (4.7), highly-rated Android app (4.6), A+ BBB rating, in-person banking available, Zelle for instant transfers.
Savings Overview
High Interest Savings Account
| Min. Deposit | $25 |
| Min. Balance | $0 |
| Maintenance Fee | $0 |
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.15% APY.
Bank Overview
- HQ LocationSpringfield, Missouri
- Founded1883
- Ratings & Trust
- Zelle® SupportAvailableOld Missouri Bank; full native integration.
- Deposit InsuranceFDIC Insured(Cert: 8252)
Savings Account: In-Depth View
Savings Account Offered by OMB Bank
| Feature | High Interest Savings Account |
|---|---|
APY | 1.00%Verified: 2/24/2026 |
APY Trend | Very StableNo rate changes in last 90 days |
Min. Deposit | $25 |
Min. Balance | $0 |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | Yes |
Branch Access | Yes |
Compounding | Quarterly |
FDIC Insured | Yes |
Eligibility | United States |
Important | 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. In addition, the account must be opened in a branch or by contacting a branch representative. |
| Next Steps | - |
Calculate Savings for OMB Bank
Savings Breakdown
- Interest Earned+$377.30(2.6%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,377.30
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
Last 11 Months| 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 | 342 | 342 |
High (-11m) | 1.00% | 4.56% |
Low (-11m) | 1.00% | 4.56% |
Draw-down | 0.0% | 0.0% |
Volatility (CV) | 0.000 | 0.000 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 342-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with OMB Bank
| Feature | Current View OMB Bank | Empty Slot |
|---|---|---|
| Product | High Interest Savings Account | - |
APY | 1.00%Verified: 2/24/2026 | - |
APY Trend | Very StableNo rate changes in last 90 days | - |
| Min. Deposit | $25 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | Yes | - |
| Branch Access | Yes | - |
| Eligibility | United States | - |
Compounding | Quarterly | - |
FDIC Insured | Yes | - |
| 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. In addition, the account must be opened in a branch or by contacting a branch representative. | - |
| Next Steps | - | - |
Alternatives to OMB Bank
Banks with Higher/Similar Savings APY
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