Openbank vs. TIMBR
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | OpenbankHigh-Yield Savings Account Jan 7, 2026 | TIMBRPremium Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 4.20% | 4.40% |
Est. Earnings | $5,000+$210 $10,000+$420 $25,000+$1,050 | $5,000+$220 $10,000+$440 $25,000+$1,100 |
Min Deposit | $500 | $1,000 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow Minimums | FDIC InsuredLow Minimums |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
As of Openbank offers an APY of 4.20% for its High-Yield Savings Account, with a minimum balance of $0, compared to TIMBR's 4.40% APY for its Premium Savings Account, with a minimum balance of $0.
TIMBR pays $20 more than Openbank on a $10,000 balance after one year. Openbank pays $420, while TIMBR pays $440 - an APY advantage for TIMBR.
Why Openbank?
No distinct advantages found vs TIMBR.
Why TIMBR?
- ✓Higher potential APY (4.40% vs 4.20%) on all balances
— Key Feature Differences —
Better Returns at $10,000
TIMBRTIMBR's Premium Savings Account earns more on smaller deposits (approx. $440 vs $420/yr).
Better Returns at $25,000
TIMBRTIMBR's Premium Savings Account pulls ahead with larger amounts (approx. $1100 vs $1050/yr).
Best for Simplicity
TIMBRTIMBR's Premium Savings Account offers 4.40% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, TIMBR's Premium Savings Account pays $20 more interest on a $10,000 balance than Openbank's High-Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
TIMBR offers a Premium Savings Account with a competitive APY of 4.40%, which is higher than Openbank's High-Yield Savings Account at 4.20%. Both accounts are online-only and have no maintenance fees, but TIMBR requires a minimum deposit of $1,000 compared to Openbank's $500. Notably, TIMBR's account provides better returns at various deposit levels, making it a strong option for savers. Both accounts do not require direct deposit, and Openbank's account allows for a minimum balance of $0, while TIMBR also has a $0 minimum balance requirement.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Openbank vs. TIMBR Savings Calculator
You earn $20 more with TIMBR than Openbank on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Openbank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$420.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,420.00
TIMBR
Premium Savings Account
Savings Breakdown
- Interest Earned+$440.00(4.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,440.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Openbank | TIMBR |
|---|---|---|
| APY | 4.20% Verified: 1/7/2026 Stable (90d) | 4.40% Verified: 1/7/2026 Stable (90d) |
| Product Name | High-Yield Savings Account | Premium Savings Account |
| Minimum Deposit | $500 | $1,000 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS3.1 Android2.9 | iOS- Android- |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | Not Rated | A+ |
| Next Steps | Visit SiteVerify at Openbank Non-sponsored link to official site | Visit SiteVerify at TIMBR Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Openbank | TIMBR |
|---|---|---|
| High-Yield Savings Account | Premium Savings Account | |
Current APY | 4.20% | 4.40% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.9 | -1.0 |
Days Since Change | 169 | 268 |
10-Month High | 4.75% | 4.55% |
10-Month Low | 4.20% | 4.40% |
Adjustments / Mo | 0.29 | 0.10 |
Volatility Score | 0.026 | 0.011 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Openbank vs...
Comparing against Standard Savings
Compare TIMBR vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.