Openbank vs. TIMBR
TIMBR edges out Openbank slightly at 4.15% vs 4.09% APY. On a $10,000 balance, the difference is just $6 per year—so other factors may matter more.
The Bottom Line
The Openbank and TIMBR savings accounts are very similar. Choose Openbank if you're an iPhone user (no iOS app for TIMBR), or you're an Android user (no Android app for TIMBR).
| Metric | OpenbankHigh-Yield Savings Account Feb 21, 2026 | TIMBRPremium Savings Account Feb 21, 2026 |
|---|---|---|
| APY | 4.09% | 4.15% |
Est. Earnings | $5,000+$205 $10,000+$409 $25,000+$1,023 | $5,000+$208 $10,000+$415 $25,000+$1,038 |
Min Deposit | $500 | $1,000 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsRate Changes Often | FDIC InsuredLow MinimumsDaily CompoundingStable Rate |
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.
Executive Summary
Openbank offers a High-Yield Savings Account with an APY of 4.09%, while TIMBR provides a Premium Savings Account with a slightly higher APY of 4.15%. Both accounts are online-only and do not require direct deposit, but TIMBR has a higher minimum deposit requirement of $1,000 compared to Openbank's $500. Both accounts have no maintenance fees and are FDIC insured, making them solid options for savers.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Openbank?
No distinct advantages found vs TIMBR.
Why TIMBR?
No distinct advantages found vs Openbank.
Shared Benefits
Over a 1-year period, TIMBR's Premium Savings Account pays $6 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.
Non-sponsored link to official site
Non-sponsored link to official site
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Openbank vs. TIMBR Savings Calculator
You earn $6 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+$409.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,409.00
TIMBR
Premium Savings Account
Savings Breakdown
- Interest Earned+$415.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,415.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $408 per year in interest.
Both Openbank and TIMBR dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Openbank | TIMBR |
|---|---|---|
| APY | 4.09% Verified: 2/21/2026 ↘︎ 0.11%90d Change | 4.15% Verified: 2/21/2026 ↘︎ 0.25%90d Change |
| Product Name | High-Yield Savings Account | Premium Savings Account |
| Minimum Deposit | $500 | $1,000 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Monthly | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | N/A |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS- Android- | |
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A- | Not Rated |
| 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 | 4.09% | 4.15% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.7 | -2.3 |
Days Since Change | 16 | 44 |
12-Month High | 4.75% | 4.55% |
12-Month Low | 4.09% | 4.15% |
Adjustments / Mo | 0.33 | 0.17 |
Volatility Score | 0.027 | 0.025 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
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Comparing against Standard Savings
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Comparing against Standard Savings
High Rates (With Checking Bundle)
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More Comparisons
Compare Openbank's APY of 4.09% with other banks
Compare TIMBR's APY of 4.15% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| TIMBR vs Ally Bank | 3.20% | $0 |
| TIMBR vs American Express | 3.30% | $0 |
| TIMBR vs Axos Bank | 4.21% | $0 |
| TIMBR vs Bank of America | 0.01% | $100 |
| TIMBR vs Barclays | 3.85% | $0 |
| TIMBR vs Capital One | 3.30% | $0 |
| TIMBR vs Chase Bank | 0.01% | $0 |
| TIMBR vs Chime | 3.00% | $0 |
| TIMBR vs CIT Bank | 3.75% | $100 |
| TIMBR vs Citibank | 3.20% | $0 |
| TIMBR vs Discover Bank | 3.30% | $0 |
| TIMBR vs EverBank | 3.90% | $0 |
| TIMBR vs Marcus by Goldman Sachs | 3.65% | $0 |
| TIMBR vs Newtek Bank | 4.20% | $0.01 |
| TIMBR vs Pibank | 4.60% | $0 |
| TIMBR vs SoFi Bank | 4.00% | $0 |
| TIMBR vs Synchrony Bank | 3.50% | $0 |
| TIMBR vs Varo Bank | 5.00% | $0 |
| TIMBR vs Wealthfront | 3.95% | $0 |
| TIMBR vs Wells Fargo | 0.05% | $25 |