Family Savings Account Rate Update (5% For First $1K) At OMNIBANK, NA In Texas - Local Only

OMNIBANK, NA continues to offer competitive rates on its Family Savings Account and HSA:

• 5.00% APY up to $1,000
• 1.15% APY over $1,000 (had recently been 1.35%)

The 5% for the first $1K makes this a good deal for those with small balances (About an extra $40 a year with a $1K balance). For over $1K, the 1.15% is pretty good in today's rate environment for a brick-and-mortar bank.

In my OMNIBANK's Family Savings Account review, I listed the account details based on a call to the bank last year.

A branch visit is required. Branches are located in Austin, San Antonio and Houston.