Compound Interest Calculator
Savings Account from Omb Bank with 1.00% APY and $25 minimum deposit
Use or Change These Amounts and Rates
The product Savings Account from Omb Bank with 1.00% APY and $25 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $22,092. The interest earned would be $2,092 and the tax amount on the interest earned would be approximately $628.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
The Results for Omb Bank
Savings Boost of
$1,134 over 10 years
$1,134 over 10 years
Cash Savings
$20,000
Average Interest Earned
$331
Omb Bank Interest Earned
$1,465
See comparison detail table
This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.
Comparison Detail Table Close X
Average Rate Scenario
| Rate: 0.23% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 47 | 33 |
| 2 | 20,047 | 47 | 33 |
| 3 | 20,094 | 47 | 33 |
| 4 | 20,141 | 47 | 33 |
| 5 | 20,188 | 47 | 33 |
| 6 | 20,235 | 47 | 33 |
| 7 | 20,282 | 47 | 33 |
| 8 | 20,330 | 48 | 33 |
| 9 | 20,377 | 48 | 33 |
| 10 | 20,425 | 48 | 33 |
| TOTAL: | $473 | $331 |
Omb Bank Scenario
| Rate: 1.00% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 200 | 140 |
| 2 | 20,200 | 202 | 141 |
| 3 | 20,402 | 204 | 143 |
| 4 | 20,606 | 206 | 144 |
| 5 | 20,812 | 208 | 146 |
| 6 | 21,020 | 210 | 147 |
| 7 | 21,230 | 212 | 149 |
| 8 | 21,443 | 214 | 150 |
| 9 | 21,657 | 217 | 152 |
| 10 | 21,874 | 219 | 153 |
| TOTAL: | $2,092 | $1,465 |
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The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.
Featured CD Rates
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
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4.50% |
$10,000 |
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Last change: ↑0.65% on August 6. |
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4.50% |
$10,000 |
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Last change: ↑1.20% on August 6. |
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4.50% |
$10,000 |
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Last change: ↑1.20% on August 6. |
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4.45% |
$500 |
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Last change: ↑0.40% on April 27. |
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|
4.45% |
$500 |
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|
Last change: ↑0.38% on April 27. |
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Customer Reviews for Omb Bank
1.0 out of 5 based on 1 rating
TheTerminalMan
January 6, 2026 |
Unbelievably bad! i was rejected for a CD account. I wanted to make a large CD purchase. They told me they cannot tell me why I was rejected. My credit is flawless and I am very well off financially. They use a third-party app to verify accounts, but they can't tell you why the third-party app rejects you. The fact that they would not investigate this further is incredibly bad customer service. I would recommend not using this bank.
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