Build your financial future with RMO savings products. Whether you're starting an emergency fund or saving for a goal, we have accounts designed to help your money grow.
Tools and features to help you manage and grow your money.
Earn more on your savings with rates that outpace the national average on select account tiers.
Manage your savings from the MyRMO app — set goals, automate transfers, and track your progress.
Your deposits are insured through our partner banks, giving you peace of mind as you save.
Membership tiers unlock higher rates, bonus APY, and waived fees on savings products.
More than just an account — a membership that works for you.
Our savings products are designed to offer competitive yields that help your money grow faster.
Choose from standard savings, high-yield, or goal-based accounts depending on your needs.
Automated savings rules, round-ups, and goal tracking make saving effortless from the app.
Opening an RMO savings account takes just a few minutes online or can be completed with the help of an Expert by appointment. Online through MyRMO: Log in to MyRMO or create a new profile at the RMO Bank website. Select "Open an Account" and choose the savings tier you prefer (MyStart, MyWay, MyGrowth, or MyReserve). Provide your personal details: legal name, date of birth, SSN, and address. Upload a valid government-issued photo ID if you are a new customer. Fund your new savings account. You can transfer from an existing RMO account, link an external bank account, or deposit a check using the MyRMO mobile app. Review the terms and submit your application. By appointment: Schedule…
Automatic transfers are one of the easiest ways to build savings consistently. RMO makes it simple to schedule recurring transfers through MyRMO. Setting Up a Recurring Transfer: Log in to MyRMO on the web or mobile app. Navigate to "Transfers & Payments" and select "Schedule a Transfer." Choose your funding account (e.g., your RMO checking account) and your destination savings account. Enter the transfer amount and select the frequency: weekly, biweekly, monthly, or a custom schedule. Set the start date and, optionally, an end date or a target savings goal. Review and confirm. Your scheduled transfer will appear under "Upcoming Transfers." Tips for success: Align your transfer…
Both savings and money market accounts help you earn interest on your deposits, but they serve slightly different purposes. Here is a comparison to help you decide. Standard Savings (MyStart, MyWay, MyGrowth) Best for building an emergency fund or saving toward a specific goal. Competitive APY that increases with higher balance tiers. No check-writing or debit card access — withdrawals are made through MyRMO transfers or at an RMO location by appointment. Lower minimum balance requirements to earn interest. Money Market (MyReserve) Best for maintaining a large liquid reserve you may need to access quickly. Typically offers a higher APY than standard savings on larger balances. …
RMO Bank provides four savings account options to help you reach your financial goals, whether you are just getting started or looking to maximize your earnings. MyStart Savings — A no-minimum-balance savings account perfect for building your first emergency fund. Earn a competitive base APY with no monthly fee when linked to any RMO checking account. MyWay Savings — Our standard savings account with a tiered APY structure. The more you save, the more you earn. Balances above $2,500 qualify for a higher rate tier automatically. MyGrowth Savings — Designed for serious savers, MyGrowth offers a premium APY on balances of $10,000 and above. Includes priority access to new CD promotions and…
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Find answers to common questions about personal savings, eligibility, and account management.
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