OMB Bank
Last Updated: 4/2/2025
Note: Interest rates below are reported as APY, or Annual Percentage YieldQuick Views
High Interest Online Savings Account: 4.56% APY(Rank 7 out of 75 HYSAs)
Minimum Deposit: $5,000 | Online Only
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: 0.41% (as of 3/17/2025)
Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.
(Source: FDIC)Savings Accounts
Savings Accounts Offered by OMB Bank
| Feature | High Interest Online Savings Account | High Interest Savings Account |
|---|---|---|
| APY | 4.56% (as of 4/2/2025) | 1.00% (as of 4/2/2025) |
| APY Trend | Stable | Stable |
| Minimum Deposit | $5,000 | $25 |
| Minimum Balance for APY | $0 | $0 |
| FDIC-insured | Yes | Yes |
| Online Only | Yes | No |
| Bundled Account | No | Yes |
| Direct Deposit Required | No | No |
| Compound Frequency | Quarterly | Quarterly |
| Maintenance Fee | $0 | $0 |
| Eligibility | United States | United States |
| Note | N/A | 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
Total savings breakdown:
- Interest earned: $228 (4.36%)
- Total contributions: $0 (0.00%)
- Initial deposit: $5,000 (95.64%)
Your total balance
$5,228.00
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 |
|---|---|---|
| Highest APY | 1.00% | 4.56% |
| Lowest APY | 1.00% | 4.56% |
| Latest APY | 1.00% | 4.56% |
| Trend | Stable | Stable |
| Volatility | 0.00% | 0.00% |
Compare OMB Bank's Savings Accounts
- Affirm - 3.85% APY
- All America Bank - 1.50-3.49% APY
- Ally Bank - 3.60% APY
- Amalgamated Bank - 2.25% APY
- American Express - 3.70% APY
- Axos Bank - 4.66% APY
- Bank5 Connect - 4.15% APY
- Bank of America - 0.01% APY
- Barclays - 4.15-4.40% APY
- Bask Bank - 4.35% APY
- Betterment - 4.00% APY
- BMO Alto - 3.70% APY
- Bread Savings - 4.40% APY
- BrioDirect - 4.50% APY
- Capital One - 3.70% APY
- Carver Bank - 4.00% APY
- Charles Schwab Bank - 0.15% APY
- Chase Bank - 0.01% APY
- Chime - 2.00-3.75% APY
- CIBC Bank USA - 4.21% APY
- CIT Bank - 0.25-4.10% APY
- Citibank - 3.70% APY
- Citizens Access™ - 3.70% APY
- Colorado Federal Savings Bank - 4.25% APY
- ConnectOne Bank - 4.00% APY
- Customers Bank - 4.23% APY
- Discover Bank - 3.70% APY
- E*TRADE from Morgan Stanley - 4.00% APY
- EverBank - 4.30% APY
- Evergreen Bank Group - 4.25% APY
- First Foundation Bank - 4.40% APY
- Fitness Bank - 5.00% APY
- Flagstar Bank - 4.20% APY
- Forbright Bank - 4.25% APY
- FVCbank - 4.55% APY
- High Plains Bank - 0.23-3.82% APY
- Jenius Bank - 4.20% APY
- LendingClub - 3.40-4.40% APY
- Live Oak Bank - 4.20% APY
- Marcus by Goldman Sachs - 3.75% APY
- My Banking Direct - 4.40% APY
- MySavingsDirect - 4.10% APY
- Neighbors Bank - 4.60% APY
- Newtek Bank - 4.45% APY
- Openbank - 4.40% APY
- Peak Bank - 4.54% APY
- Pibank - 4.60% APY
- PNC - 3.95% APY
- Poppy Bank - 4.50% APY
- Popular Direct - 4.05% APY
- Presidential Bank - 4.00-4.50% APY
- Prime Alliance Bank - 4.15% APY
- Primis Bank - 4.35% APY
- Quontic Bank - 3.85% APY
- RBMAX - 4.15% APY
- Rising Bank - 4.40% APY
- ROGER - 5.00% APY
- Salem Five Direct - 4.01% APY
- Sallie Mae Bank - 3.90% APY
- Santander Bank - 0.03% APY
- SoFi Bank - 3.80% APY
- Synchrony Bank - 4.00% APY
- TAB Bank - 4.26% APY
- TD Bank - 0.05-3.51% APY
- The State Exchange Bank - 1.90% APY
- TIMBR - 4.55% APY
- UFB Direct - 4.01-4.21% APY
- Upgrade - 4.02% APY
- Valley Direct - 4.30% APY
- Varo Bank - 2.50-5.00% APY
- Western Alliance Bank - 4.25% APY
- Zynlo Bank - 4.35% APY
| Feature | OMB Bank | Select a bank... |
|---|---|---|
| Product | N/A | |
| APY | 4.56% (as of 4/2/2025) | N/A |
| Bundled Account | No | N/A |
| FDIC-insured | Yes | N/A |
| Online Only | Yes | N/A |
| Compound Frequency | Quarterly | N/A |
| Minimum Deposit | $5,000 | N/A |
| Minimum Balance for APY | $0 | N/A |
| Maintenance Fee | $0 | N/A |
| Direct Deposit Required | No | N/A |
OMB Bank vs. Major Banks: Savings Accounts
Click on the items below to view the comparisons
| Feature | OMB Bank | Bank of America | |
|---|---|---|---|
| High Interest Online Savings Account | High Interest Savings Account | Advantage Savings | |
| APY | 4.56% APY) (as of 4/2/2025) | 1.00% APY) (as of 4/2/2025) | 0.01% APY (as of 4/2/2025) |
| Bundled Account | No | Yes | No |
| FDIC-insured | Yes | Yes | Yes |
| Online Only | Yes | No | No |
| Compound Frequency | Quarterly | Quarterly | Monthly |
| Minimum Deposit | $5,000 | $25 | $100 |
| Minimum Balance for APY | $0 | $0 | N/A |
| Maintenance Fee | $0 | $0 | $8 |
| Direct Deposit Required | No | No | No |
| Eligibility | United States | United States | United States |
| Note | N/A | 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. | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. |
| Feature | OMB Bank | Citibank | ||
|---|---|---|---|---|
| High Interest Online Savings Account | High Interest Savings Account | Citi® Savings Account | Citi Accelerate Savings | |
| APY | 4.56% APY) (as of 4/2/2025) | 1.00% APY) (as of 4/2/2025) | 0.03% APY (as of 4/2/2025) | 3.70% APY |
| Bundled Account | No | Yes | No | No |
| FDIC-insured | Yes | Yes | Yes | Yes |
| Online Only | Yes | No | No | Yes |
| Compound Frequency | Quarterly | Quarterly | Daily | Daily |
| Minimum Deposit | $5,000 | $25 | $0 | $0 |
| Minimum Balance for APY | $0 | $0 | $0.01 | $0.01 |
| Maintenance Fee | $0 | $0 | $4.50. Waived for average monthly balances > $500 | $4.50. Waived for average monthly balances > $500 |
| Direct Deposit Required | No | No | No | No |
| Eligibility | United States | United States | California, Connecticut, Maryland, Nevada, New Jersey, New York, Virginia (partial), Washington D.C., and select parts of Florida and Illinois. In addition, promotional rates may be available if requirements are met. | Alaska, Alabama, Arkansas, Arizona, Colorado, Delaware, Florida (select parts), Georgia, Hawaii, Iowa, Idaho, Illinois (select parts), Indiana, Kansas, Kentucky, Louisiana, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia (partial), Washington (partial), Wisconsin, West Virginia, Wyoming. |
| Note | N/A | 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 | N/A |
| Feature | OMB Bank | Chase Bank | |
|---|---|---|---|
| High Interest Online Savings Account | High Interest Savings Account | Chase Savings℠ | |
| APY | 4.56% APY) (as of 4/2/2025) | 1.00% APY) (as of 4/2/2025) | 0.01% APY (as of 4/2/2025) |
| Bundled Account | No | Yes | No |
| FDIC-insured | Yes | Yes | Yes |
| Online Only | Yes | No | No |
| Compound Frequency | Quarterly | Quarterly | Monthly |
| Minimum Deposit | $5,000 | $25 | $0 |
| Minimum Balance for APY | $0 | $0 | $0 |
| Maintenance Fee | $0 | $0 | $5 |
| Direct Deposit Required | No | No | No |
| Eligibility | United States | United States | United States |
| Note | N/A | 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. | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. |
| Feature | OMB Bank | Capital One | |
|---|---|---|---|
| High Interest Online Savings Account | High Interest Savings Account | 360 Performance Savings | |
| APY | 4.56% APY) (as of 4/2/2025) | 1.00% APY) (as of 4/2/2025) | 3.70% APY (as of 4/2/2025) |
| Bundled Account | No | Yes | No |
| FDIC-insured | Yes | Yes | Yes |
| Online Only | Yes | No | No |
| Compound Frequency | Quarterly | Quarterly | Daily |
| Minimum Deposit | $5,000 | $25 | $0 |
| Minimum Balance for APY | $0 | $0 | $0 |
| Maintenance Fee | $0 | $0 | $0 |
| Direct Deposit Required | No | No | No |
| Eligibility | United States | United States | United States |
| Note | N/A | 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 |
Alternatives to OMB Bank
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
Neighbors Bank
Neighbors Savings Account: 4.60% APY
Minimum Deposit: $0
Eligible States: Limited (see details)
Pibank
Pibank Savings: 4.60% APY
Minimum Deposit: $0
Online Only
Varo Bank
High-Yield Savings Account: 5.00% APY
Minimum Deposit: $0
Online Only
Direct Deposit: Min. $1,000/month
FVCbank
Advantage Direct Savings: 4.55% APY
Minimum Deposit: $500
Online Only
TIMBR
Premium Savings Account: 4.55% APY
Minimum Deposit: $1,000
Online Only
Peak Bank
Envision High Yield Savings: 4.54% APY
Minimum Deposit: $100
Online Only
Savings Accounts with Lower Minimum Deposit
For a top list of savings accounts with no/low deposits or balance minimums, see No "Fuss" Savings Accounts
Affirm
Affirm Money Account: 3.85% APY
Minimum Deposit: $0
Online Only
Ally Bank
Savings Account: 3.60% APY
Minimum Deposit: $0
Online Only
American Express
High Yield Savings Account: 3.70% APY
Minimum Deposit: $0
Online Only
Barclays
Tiered Savings: 4.40% APY
Minimum Deposit: $0
Online Only
Online Savings: 3.90% APY
Minimum Deposit: $0
Online Only
Bask Bank
Interest Savings Account: 4.35% APY
Minimum Deposit: $0
Online Only
BMO Alto
Savings Account: 3.70% APY
Minimum Deposit: $0
Online Only
Banks Offering Bundled Savings & Checking
For a top list, see Bundled High-Yield Savings & Checking Accounts
Axos Bank
Axos ONE: 4.66% APY
Bundled Savings & Checking Account
Minimum Deposit: $0
Online Only
Direct Deposit: Min. $1,500/month to ONE Checking.
High Yield Savings: 0.61% APY
Minimum Deposit: $0
Online Only
Chime
Chime Savings Account: 3.75% APY
Bundled Savings & Checking Account
Minimum Deposit: $0
Online Only
Direct Deposit: You need to receive a qualifying direct deposit of $200 or more within the preceding 34 days
Fitness Bank
Fitness Savings Account: 4.55% APY
Minimum Deposit: $100
Online Only
Fitness Elite Checking & Fitness Savings Combo: 5.00% APY
Bundled Savings & Checking Account
Minimum Deposit: $100
Online Only
Presidential Bank
Advantage Savings: 4.50% APY
Bundled Savings & Checking Account
Minimum Deposit: $5,000
Direct Deposit: To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500.
ROGER
ROGER Savings: 5.00% APY
Bundled Savings & Checking Account
Minimum Deposit: $0
Online Only
SoFi Bank
SoFi Savings: 3.80% APY
Bundled Savings & Checking Account
Minimum Deposit: $1,000
Online Only
Banks with Branch Access
For a top list, see High-Yield Savings Accounts with In-Person Access
All America Bank
Regular Savings: 1.50% APY
Minimum Deposit: $50
Super Savers MMDA: 3.49% APY
Minimum Deposit: $2,500
Amalgamated Bank
Online Savings: 2.25% APY
Minimum Deposit: $100
Bank of America
Advantage Savings: 0.01% APY
Minimum Deposit: $100
Capital One
360 Performance Savings: 3.70% APY
Minimum Deposit: $0
Charles Schwab Bank
Schwab Bank Investor Savings™: 0.15% APY
Minimum Deposit: $0
Chase Bank
Chase Savings℠: 0.01% APY
Minimum Deposit: $0