OMB Bank: Savings Accounts & Rates

Savings rates updated: 10/3/2025

Mission statement: Banksparency aims to make OMB Bank's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

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

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Savings Overview

High Interest Savings Account: 1.00% APY(Rank 86 out of 97 savings accounts)

Minimum Deposit: $25 | Bundled Savings & Checking Account

National Savings Interest Rate: 0.4% (as of 9/15/2025)

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

(Source: FDIC)

Bank Overview

Location: Springfield, Missouri

Founded: 1883

Deposit Insurance: FDIC Cert # 8252

BBB Rating: A+

App Store Rating: 4.7/5

Google Play Rating: 4.6/5

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
High App Store rating of 4.7 and Google Play rating of 4.6

Considerations

Requires an OMB High Interest Checking or OMB Rewards Checking account
APY drops to 0.25% for balances above $100,000
Direct deposit not available, limiting some customers
Online-only banking may not suit all users

Summary: OMB Bank offers a competitive 1.00% APY for its High Interest Savings Account, but requires a linked checking account to qualify. With no maintenance fees and an A+ BBB rating, it demonstrates reliability. However, the APY significantly decreases for larger balances, and the lack of direct deposit options may deter some savers. Overall, the bank's strong ratings and straightforward fee structure make it an appealing choice for many.

Savings Account: In-Depth View

Savings Account Offered by OMB Bank

Feature	High Interest Savings Account
APY	1.00% (as of 10/3/2025)
APY Trend	Stable for the last quarter
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.
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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: $377.3 (2.62%)
Total contributions: $13,000 (90.42%)
Initial deposit: $1,000 (6.96%)

Your total balance

$14,377.30

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	197	197
High (-6 m)	1.00 %	4.56 %
Low (-6 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 6 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 (-6 m): Highest APY in the last 198 days.
Low (-6 m): Lowest APY in the last 198 days.
Draw-down from High: How far today sits below the 6-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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Western Alliance Bank - 4.10% APY
Zynlo Bank - 4.35% APY

Feature	OMB Bank	Select a bank...
Product	High Interest Savings Account	N/A
APY	1.00% (as of 10/3/2025)	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