OMB Bank: Savings Accounts & Rates

Savings rates updated: 11/17/2025

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

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

We earn a commission if you open an account through some links on this page.

Savings Overview

High Interest Savings Account: 1.00% APY(Rank 90 out of 103 savings accounts)

Minimum Deposit: $25 | Bundled Savings & Checking Account

National Savings Interest Rate: 0.4% (as of 10/20/2025)

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

Access to Branches: 8 locations in Southwest Missouri

Deposit Insurance: FDIC Cert # 8252

BBB Rating: A+ (Not BBB Accredited)

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, indicating strong trustworthiness
App Store rating of 4.7 and Google Play rating of 4.6

Considerations

APY drops to 0.25% for balances over $100,000
Requires an OMB High Interest Checking account
Account must be opened in a branch
Not BBB Accredited despite high rating

Summary: OMB Bank offers a competitive 1.00% APY for its High Interest Savings Account on balances up to $100,000, with no maintenance fees. However, savers need to maintain an OMB High Interest Checking account and open the savings account in person. The bank has a solid A+ BBB rating, though it is not BBB Accredited. With 8 branches in Southwest Missouri, it also boasts high app ratings, making it a reliable choice for local savers.

Savings Account: In-Depth View

Savings Account Offered by OMB Bank

Feature	High Interest Savings Account
APY	1.00% (as of 11/17/2025)
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. In addition, the account must be opened in a branch or by contacting a branch representative.
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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	243	243
High (-8 m)	1.00 %	4.56 %
Low (-8 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 8 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 (-8 m): Highest APY in the last 244 days.
Low (-8 m): Lowest APY in the last 244 days.
Draw-down from High: How far today sits below the 8-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

Affirm - 3.60% APY
All America Bank - 1.50-3.25% APY
Ally Bank - 3.30% APY
Amalgamated Bank - 2.25% APY
American Express - 3.50% APY
Ameriprise Bank - 3.15-3.15% APY
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Bank5 Connect - 3.85% APY
Bank of America - 0.01% APY
Barclays - 3.90-4.10% APY
Bask Bank - 3.90% APY
Betterment - 3.50% APY
BMO Alto - 3.25% APY
Bread Savings - 4.20% APY
BrioDirect - 4.00% APY
Capital One - 3.40% APY
Carver Bank - 4.00% APY
Charles Schwab Bank - 0.15% APY
Chase Bank - 0.01% APY
Chime - 1.00-3.50% APY
CIBC Bank USA - 3.92% APY
CIT Bank - 0.25-3.85% APY
Citibank - 3.35% APY
Citizens Access™ - 3.35% APY
Colorado Federal Savings Bank - 4.05% APY
ConnectOne Bank - 3.60% APY
Customers Bank - 3.73% APY
Discover Bank - 3.40% APY
Elevault - 4.08% APY
E*TRADE from Morgan Stanley - 3.75% APY
EverBank - 4.05% APY
Evergreen Bank Group - 4.25% APY
First Foundation Bank - 4.00% APY
Fitness Bank - 4.75% APY
Flagstar Bank - 3.65% APY
FNBO Direct - 3.00% APY
Forbright Bank - 4.00% APY
FVCbank - 3.85% APY
GO2bank - 4.50% APY
High Plains Bank - 0.23-3.82% APY
Ivy Bank - 0.05-4.25% APY
Jenius Bank - 4.20% APY
LendingClub - 3.20-4.20% APY
Live Oak Bank - 3.90% APY
Marcus by Goldman Sachs - 3.65% APY
MutualOne Bank - 4.07% APY
My Banking Direct - 4.02% APY
MySavingsDirect - 3.75% APY
Neighbors Bank - 4.50% APY
Newtek Bank - 4.35% APY
Northeast Bank - 2.50-3.00% APY
Openbank - 4.20% APY
Peak Bank - 4.20% APY
Pibank - 4.60% APY
PNC - 3.53% APY
Poppy Bank - 4.00% APY
Popular Direct - 4.00% APY
Presidential Bank - 3.75-4.25% APY
Prime Alliance Bank - 3.90% APY
Primis Bank - 3.85% APY
Quontic Bank - 3.75% APY
RBMAX - 3.90% APY
Rising Bank - 3.95% APY
ROGER - 3.87% APY
Salem Five Direct - 3.71% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.01% APY
SmartyPig - 3.90% APY
SoFi Bank - 4.30% APY
Synchrony Bank - 3.80% APY
TAB Bank - 3.80% APY
TD Bank - 0.05-2.75% APY
The State Exchange Bank - 3.96% APY
TIMBR - 4.40% APY
UFB Direct - 3.51-3.71% APY
Upgrade - 3.05% APY
Valley Direct - 4.10% APY
Varo Bank - 2.50-5.00% APY
Vio Bank - 4.21% APY
Wealthfront - 3.50-4.15% APY
Wells Fargo - 0.05-0.05% APY
Western Alliance Bank - 4.05% APY
Zynlo Bank - 4.20% APY

Feature	OMB Bank	Select a bank...
Product	High Interest Savings Account	N/A
APY	1.00% (as of 11/17/2025)	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. In addition, the account must be opened in a branch or by contacting a branch representative.	N/A

Alternatives to OMB Bank

Banks with Higher/Similar Savings APY

For a top list of the highest savings rates, see all HYSA top rates

Synchrony Bank

High Yield Savings: 3.80% APY

Minimum Deposit: $0

Online Only

Quontic Bank

High Yield Savings: 3.75% APY

Minimum Deposit: $100

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ROGER

ROGER Savings: 3.87% APY

Bundled Savings & Checking Account

Minimum Deposit: $0

Online Only

UFB Direct

UFB Portfolio Savings: 3.51% APY

Minimum Deposit: $0

Online Only

UFB Checking and Savings Bundle: 3.71% APY

Minimum Deposit: $5000

Online Only

Direct Deposit: Not required

Salem Five Direct

eOne Savings: 3.71% APY

Minimum Deposit: $10

Online Only

Valley Direct

High-Yield Savings Account: 4.10% APY

Minimum Deposit: $1,000

Online Only

Eligible States: Limited (see details)

Sallie Mae Bank

High-Yield Savings Account: 3.90% APY

Minimum Deposit: $0

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EverBank

Performance Savings: 4.05% APY

Minimum Deposit: $0

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Vio Bank

Online Savings Account: 4.21% APY

Minimum Deposit: $100

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All America Bank

Regular Savings: 1.25% APY

Minimum Deposit: $50

Super Savers MMDA: 3.25% APY

Minimum Deposit: $2,500

My Banking Direct

High Yield Savings Account: 4.02% APY

Minimum Deposit: $500

Online Only

Carver Bank

High Yield Savings: 4.00% APY

Minimum Deposit: $5,000

Online Only