A Strong Rate with Short-Term Flexibility
Earn a fixed rate for three months without making a long-term commitment.
With OMB Bank’s 4.05% APY* 3-month CD, you can earn a predictable return over a short term while keeping the opportunity to reconsider your options sooner. Your rate is fixed for the full three-month term, and interest compounds at maturity. When the CD matures, you’ll have a 10-calendar-day grace period to withdraw funds, add funds or choose another CD without an early withdrawal penalty. If you take no action, the CD will automatically renew at our current 3-month board rate.
Available online nationwide or at any OMB Bank branch, this CD may be a good fit for savers comparing short-term CD options or those who want to avoid a longer commitment. A 3-month CD can also be incorporated into a CD laddering strategy, creating recurring opportunities to access or reinvest your savings as individual CDs mature. For a closer look at the advantages and tradeoffs, read why a 3-month CD can make sense in today’s rate environment.
Calculate Your 3-Month CD Earnings
Enter your deposit amount to estimate your interest earned and account value at maturity. The calculator should be set to the term and compounding period (quarterly for OMB Bank CDs) you would like to calculate. Our 50+ free financial calculators can help you finesse your budget, compare borrowing costs, forecast earnings and so much more.
A Straightforward Renewal Process
Know when your CD matures, what happens next and which options are available to you.
When your 3-month CD reaches maturity, you’ll have a 10-calendar-day grace period to decide what to do next. During that period, you may withdraw funds, add funds or choose another CD without an early-withdrawal penalty.
If you take no action during the grace period, your CD will automatically renew for another three-month term at OMB Bank’s 3-month board rate then in effect. That rate may be higher or lower than the promotional rate available when you originally opened the CD. OMB Bank will send you advance notice with information about your upcoming maturity and renewal options.
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• Advance notice before your CD matures
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• A 10-calendar-day grace period
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• The option to withdraw, add funds or choose another CD
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• Automatic renewal if you take no action
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• A renewal rate based on the 3-month board rate then in effect
3-Month CD Questions, Answered
What to Know Before You Open
Get clear answers about eligibility, funding, fixed rates, maturity and early withdrawal before choosing OMB Bank’s 3-month CD.
GET READY TO APPLY
What You’ll Need to Open Your CD Online
Having these items ready can help you complete the account opening process without interruption:
- A mobile device or computer with a working camera
- Your Social Security number
- A valid driver’s license
- Online banking login information for the account you plan to use to fund your new CD through ACH
Confirm Your Bank Is Supported
OMB Bank uses Mastercard Open Finance to connect to supported financial institutions for online account funding. If the bank you plan to fund from is not supported, you will not be able to complete the online account opening process at this time.
Check Supported Financial Institutions
Need help before getting started? Visit our Online Account Opening Guide & FAQ.
Explore Our CD Guides
Not sure which CD term is right for you? These articles can help you compare your options before you open an account.
Current Featured CD Rates
Our CDs feature competitive rates on select certificate of deposit terms, some available for a limited time. Compare current CD offers to find the term and rate that best fit your savings goals. Consider using CDs as part of a CD laddering strategy or see how much you could earn now.
SHORT TERM
5 Month CD Special
SHORT TERM
7 Month CD Special
SHORT TERM
9 Month CD
MID-TERM
13 Month CD Special
MID-TERM
18 Month CD
LONG TERM
21 Month CD special
LONG TERM
27 Month CD Special
EARNINGS
Short-Term vs. Mid-Term CDs: Should You Choose 3, 9 or 18 Months?
A shorter-term CD gives you more opportunities to reconsider your options, while a mid-term CD locks in your rate for longer. Compare 3-, 9- and 18-month CDs to decide which term fits your timeline.
Can You Withdraw Money From a CD Early? What It Will Cost You
Breaking a certificate of deposit before maturity is usually possible, but it often comes with an early withdrawal penalty. Learn how CD penalties work, when paying one may make financial sense and how to choose a CD term you're comfortable keeping until maturity.
Should You Lock In Today's CD Rate for Longer? Here's How to Decide
A longer-term CD can provide certainty in an uncertain rate environment. Learn when locking in today's rate may make sense and when a shorter-term CD may be a better fit.
NEED HELP?
More helpWho is OMB Bank?
OMB Bank is an FDIC-insured financial institution with approximately $2.35 billion in total assets that operates with a steadfast commitment to empowering the communities we serve.