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 Build an Emergency Fund from Scratch
Building an emergency fund is one of the smartest financial moves you can make. It provides a safety net for unexpected expenses, reduces stress and helps you avoid debt when life throws curveballs. In this comprehensive article, we’ll walk you through practical steps to create an emergency fund from the beginning - no matter your income or current savings - and provide strategies for staying consistent even when money is tight.
Why Local Businesses Choose OMB Bank for Treasury Services
At OMB Bank, Treasury Services is about more than numbers - it’s about people. Learn how your business could benefit and how community banking makes all the difference.
APR vs. APY: What’s the Difference and Why Does It Matter?
APR and APY may sound similar, but they measure two very different things - and understanding them can help you make smarter financial decisions. Whether you’re comparing loan offers or exploring savings accounts, knowing how these percentages affect what you owe or earn is essential. Learn more in simple terms, with examples to help you see how each one impacts your money.