Take Retirement Into Your Own Hands
An individual retirement account (IRA) from OMB lets you set aside funds now so you can enjoy a stress-free retirement later. Then enjoy the peace of mind that comes with a more secure future.
- Save for retirement with tax advantages1
- Earn competitive interest higher than regular savings
- Available in traditional and Roth
- Annual contribution limits apply
- $1,000 annual "catch up" contributions allowed for ages 50 and better
- Funds can be used to purchase CDs within IRA with terms from 3 months to 6 years4
- No annual fees or set up fees
- No minimum balance requirements
- Federally insured
- $1,000 minimum deposit to open
Traditional vs. Roth
There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.
Plan for Anything
Our 40+ free financial calculators can help you finesse your budget, compare borrowing costs, forecast earnings and so much more.
Harness the Power of Mobile Banking
OMB's industry-leading mobile banking app puts you in control of your finances in powerful new ways. Check balances, transfer funds, pay bills, deposit checks, even chat live with our friendly staff directly in the app. With enhanced digital banking features and online security, you'll wonder how you ever lived without it. Download it now!
Your 24/7 Personal Digital Branch
Payments are fast, safe and easy thanks to Zelle®. Pay your family and friends or request money regardless of where they bank.
IRA Explained: How It Works
Save towards the future
Contribute to an IRA now and have a fund in place when it's time to retire.
MONEY TIPS
How to Make an Unpredictable Income Work for You
Freelancers and gig workers enjoy flexibility and independence, but inconsistent income can make financial planning more complicated. From budgeting during slower months to preparing for taxes and retirement, having a strategy in place can help independent workers create stability and reduce financial stress.
How Businesses Manage Cash, Payments, and Risk with Treasury Services
At OMB Bank, treasury services are more than sophisticated systems–they’re partnerships. It’s a dedicated team supporting your business and day-to-day operations, combining the strength and capability to handle complex relationships with the personalized service you expect from a community bank.
The Difference Between Credit and Debit Cards and When to Use Them
Smart card use involves tracking spending, understanding fees and using each card for its strengths. By making informed choices, you can manage your money effectively, protect your finances and even earn rewards.