OMB Bank is a community bank based in Springfield, Missouri, that offers accounts with competitive rates or rewards to digital banking customers nationwide. The online-only OMB Online High Interest Savings Account has a stellar rate of 4.56% annual percentage yield on all balances and there’s no monthly fee. But there is a steep opening minimum deposit requirement of $5,000.

The bank offers several types of rewards checking accounts, which can either earn interest, stocks or cash back on purchases. Early direct deposits and same-day transfers via Zelle are available. There are no monthly fees on any of these accounts. OMB Bank’s certificate of deposit specials have competitive rates, including a 4.25% APY on a one-year term. (Compare with the best CD rates.)

Nearly all CDs have a low opening minimum deposit of $1,000, except for the one-year CD special which requires at least $10,000. The interest and cash-back rewards checking accounts have low opening minimums of $25, but getting rewards is dependent on satisfying three monthly requirements: Receiving electronic statements, making a dozen debit card transactions and receiving at least one direct deposit or other automated monthly payment.

The bank provides free access to the national ATM network MoneyPass as well as a handful of branches in Missouri. Live chat and phone support hours are limited to weekdays. (Note: This page covers only consumer accounts.)

Best for: Online consumers who want a high-yield savings account or CD and tend to have high balances.

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