FNBO Direct Online CD is no longer available to new customers on SuperMoney. Click here to compare and quickly find the best options for your needs.
Last Updated: 04/18/2025
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FNBO Direct Online CD
Unaffiliated
in CD Accounts from FNBO Direct
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.16% - 1.15%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $500
Certificate Term
- 6 months
- 9 months
- 12 months
- 18 months
- 2 years
- 3 years
- 4 years
- 5 years
FNBO Direct Online CD Review
FNBO Direct Online CD is no longer available to new customers on SuperMoney. Click here to compare and quickly find the best options for your needs. |
FNBO Direct Online CD are offered by FNBO Direct, founded in 1857 and based in Omaha, NE. FNBO Direct CD are available in 50 states and Washington, DC.
Key Takeaways
- Multiple CD account types. FNBO Direct CD offers a variety of CD account types, such as jumbo CDs, IRA CDs, callable CDs, and traditional CDs.
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 1.15%, which is much higher than the national average for a CD account.
- $500 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
- Wide selection of CD terms. FNBO Direct CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of FNBO Direct Online CD
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FNBO Direct Online CD FAQ
Are CD from FNBO Direct federally insured?
No, your FNBO Direct CD accounts are not insured by a federal insurance agency. This means that if FNBO Direct were to fall into financial difficulties, your deposits are not covered by a government-backed insurance fund like the FDIC or NCUSIF.
What types of CDs does FNBO Direct offer?
FNBO Direct CD provides the following types of CDs.- Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
- Jumbo CDs. A jumbo CD requires a higher minimum balance than that required by traditional CDs. In exchange, jumbo CDs pay higher interest rates.
- IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but FNBO Direct CD offers a CD that is specifically for retirement. Callable CDs. A callable CD gives the issuing bank or credit union the option to redeem (call away) early before the date of maturity. These CDs generally pay higher interest rates than traditional CDs.
What rates does FNBO Direct offer on its CDs?
FNBO Direct CD offers an APY starting at 0.16% and ranging up to 1.15%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.
What terms does FNBO Direct CD offer?
FNBO Direct offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 0.31% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.16% - 1.15% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 0.16% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 0.5% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | 0.7% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4-Year APY | 0.9% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | 1.15% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with FNBO Direct?
FNBO Direct CD require a minimum deposit of $500 to open an account.
What is the grace period for FNBO Direct CD?
There is a 10-day grace period for FNBO Direct CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.
What types of fees, such as early withdrawal penalties, does FNBO Direct charge?
Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the term ends.
FNBO Direct charges an early withdrawal fee.
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