FNBO Direct Online Savings Account

FNBO Direct Online Savings Account Review

FNBO Direct Online Savings Account is offered by First National Bank of Omaha, a bank founded in 1857 and based in Omaha, NE. FNBO savings account are available in 50 states (and Washington, DC).

Key Takeaways

• Higher than average APY. FNBO Direct Online Savings Account has an annual percentage yield of up to 0.4%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $0.01 to earn that interest rate.
• $0 monthly fee. This account does not charge any monthly account fees.
• Small minimum initial deposit. You only need $1 to open an account.
• No ATM fees. FNBO Direct Online Savings Account does not charge fees on ATM transactions.

FNBO savings account Pros & Cons

Pros	Cons
Available in all 50 states. Interest-yielding account. No charge on incoming domestic or international wire transfers.	Does not offer mobile check deposits. Does not come with a debit card Higher than average wire transfer fees. No signup bonus.

FNBO savings account FAQ

Are savings accounts from First National Bank of Omaha federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does First National Bank of Omaha offer a signup bonus?

FNBO savings account has a signup bonus of $0.

What is the minimum initial deposit for FNBO savings account?

The minimum deposit to open a FNBO savings account is $1.

FNBO Direct Online Savings Account Minimums

Description
Minimum Balance to Avoid Monthly Fee	Starting at $0
Minimum Balance to Earn APY	$0.01
Minimum Combined Balance to Avoid Monthly Fee	$0
Minimum Direct Deposit to Avoid Monthly Fee	Starting at $0
Minimum Opening Deposit	Starting at $1

What APY does FNBO Direct Online Savings Account offer?

FNBO savings account offers an APY of 0.4% (APY stands for annual percentage yield, rates may change).

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does FNBO savings account charge?

FNBO savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

• Outgoing domestic bank transfers come with a $15 fee.

What features and perks does FNBO savings account offer?

This savings account includes the following features:

• Fraud monitoring - FNBO savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
• Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - FNBO savings account allows you to manage your money online or with a mobile app.
• Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to FNBO savings account?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for FNBO savings account?

The customer support email for FNBO savings account is firstnational@fnbo.com.