Exciting Changes Have Arrived…

You may notice our website looks a little bit different. This is just the beginning of some exciting changes we are making here at the Bank of Odessa. We are pleased to announce that have vastly enhanced our core operating systems.

Beginning Thursday, June 3rd, 2021 we completed an extensive software upgrade. The new technology we implemented will allow us to make your banking experience even better! Please review the documents below to learn how your banking services may be impacted by this upgrade.

Conversion Weekend: Please review this document to learn how your banking services will be impacted during the conversion weekend, June 3rd through June 7th, 2021.

Conversion FAQ (Frequently Asked Questions): This document outlines common questions that may arise surrounding our software upgrades, such as: How do I login to Online Banking? Or What will my new loan number be?

Interest Rates on Deposits for the week of 9/14/2021

Money Market Savings Account……………………………….0.35% APY*
91 day term CD………………………………………………..0.25% APY**
182 day term CD……………………………………………….0.40% APY**
12 month term CD……………………………………………..0.55% APY**
18 month term CD……………………………………………..0.55% APY**
30 month term CD……………………………………………..0.65% APY**
36 month term CD……………………………………………..0.85% APY**
48 month term CD……………………………………………..1.10% APY**
72 month term CD……………………………………………..1.25% APY**

*Annual Percentage Yield. Minimum deposit of $100.00 to open Money Market Savings Account. Service charges or fees on money market accounts could reduce earnings.
**Annual Percentage Yield. Minimum deposit of $1,000.00 to open Certificates of Deposit. Interest may be paid out or rolled back into the CD. A penalty will be imposed on early withdrawals.
Rates are subject to change without notice. Certain restrictions may apply.

COVID-19 Scams

Scammers are being extremely aggressive in their efforts to take advantage of people due to the increased financial hardship that many are experiencing during this unprecedented time. They are calling businesses and individuals, posing as bank or government employees, asking for bank account information, social security numbers, or other private information. Fraudsters often utilize social media, public records, or information bought on the Dark Web to initiate scams or target them to an individual. Access our Financial Awareness page  for more information on specific scams and precautions you should take to protect yourself. Remember, never give personal identifiable information to an unknown caller and do not click foreign links or attachments in emails!