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
Impulse Spending: What It Is and How to Combat It
Impulse buying is among the quickest ways to drain your wallet. Here’s an examination of some of the psychology behind it and suggestions on how you can curb the mindless spend.
Money Market vs. CD Accounts
Most of us have heard of both money markets and CDs. So, what are the differences and how do you decide which is better?
7 Tips to Get Kids Interested in Saving Money
As adults, we know just how important money is in our daily life. But how can you get children interested and engaged in saving? These tips can help you teach the kids in your life the value of money and money management.