FNBO Direct: Savings Accounts & Rates

Savings rates updated: 9/19/2025

Mission statement: Banksparency aims to make FNBO Direct's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

Note: Interest rates below are reported as APY, or Annual Percentage Yield

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Savings Overview

High-Yield Online Savings Account: 3.25% APY(Rank 79 out of 83 tracked HYSAs)

Minimum Deposit: $1

National Savings Interest Rate: 0.4% (as of 9/15/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

Location: Omaha, Nebraska

Founded: 1857

Affiliation: FNBO Direct is a division of FNBO (First National Bank of Omaha), which is a subsidiary of First National of Nebraska, Inc., an interstate bank holding company.

Access to Branches: None

Deposit Insurance: FDIC Cert # 5452

BBB Rating: Not Rated

App Store Rating: 4.5/5

Google Play Rating: 4.8/5

Website: Visit FNBO Direct

Our Take on FNBO Direct

Highlights

Current APY of 3.25%, unchanged from 30 days ago.
No maintenance fees, making it cost-effective.
Minimum deposit requirement is only $1.
High App Store rating of 4.5 and Google Play rating of 4.8.

Considerations

Not rated by the BBB, indicating a lack of third-party trust assessment.
No branches available for in-person banking.
Direct deposit is not required but may limit some users.
Only one high-yield savings account option available.

Summary: FNBO Direct offers a competitive APY of 3.25% on its High-Yield Online Savings Account with no maintenance fees and a low minimum deposit of $1. However, it lacks a BBB rating, which may concern some savers. The bank operates online only, with no physical branches, and has received high ratings on both app stores. Overall, it's a solid choice for those comfortable with online banking.

Savings Account: In-Depth View

Savings Account Offered by FNBO Direct

Feature	High-Yield Online Savings Account
APY	3.25% (as of 9/19/2025)
APY Trend	Stable for the last quarter
Minimum Deposit	$1
Minimum Balance for APY	$0.01
FDIC-insured	Yes
Online Only	No
Bundled Account	No
Direct Deposit Required	No
Compound Frequency	Monthly
Maintenance Fee	$0
Eligibility	United States
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for FNBO Direct

All calculations are based on APY.

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,261.9 (8.27%)
Total contributions: $13,000 (85.18%)
Initial deposit: $1,000 (6.55%)

Your total balance

$15,261.90

Effective APY: 3.25% (based on your deposit and contributions)

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

FNBO Direct Savings Rates Over Time

Historical APY Insights

Metric	High-Yield Online Savings Account
Latest APY	3.25 %
Trend	Sideways
Slope (bps/mo)	0.0
Rate Changes / Mo	0.00
Days Since Last Change	58
High (-2 m)	3.25 %
Low (-2 m)	3.25 %
Draw-down from High	0.0 %
Volatility (CV)	0.000

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 2 months (regression slope).
Slope (bps/mo): Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo: Typical number of APY moves per month.
Days Since Last Change: Recency of the latest APY adjustment.
High (-2 m): Highest APY in the last 59 days.
Low (-2 m): Lowest APY in the last 59 days.
Draw-down from High: How far today sits below the 2-month peak.
Volatility (CV): Coefficient of variation = stdev ÷ mean.

Why Track Savings-Account APYs?

See how quickly a bank reacts to Fed moves or competition.
Gauge “twitchiness” - frequent moves can annoy savers.
Spot if you're buying near a peak (draw-down) or riding a rise.
Slope (bps/mo) shows speed of change.
Volatility (CV) scales jumps by average level.

Compare FNBO Direct's Savings Account

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Feature	FNBO Direct	Select a bank...
Product	High-Yield Online Savings Account	N/A
APY	3.25% (as of 9/19/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	No	N/A
Compound Frequency	Monthly	N/A
Minimum Deposit	$1	N/A
Minimum Balance for APY	$0.01	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A