American Express vs. FNBO Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
American Express
High Yield Savings Account
3.40%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppShow Fine Print & Trends Hide Details
American Express
High Yield Savings Account
FNBO Direct
High-Yield Online Savings Account
3.00%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
FNBO Direct
High-Yield Online Savings Account
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Comparison Analysis
Comparing American Express vs. FNBO Direct
Why American Express?
- ✓Higher potential APY (3.40% vs 3.00%) on all balances
- ✓Higher rated iOS app (4.9 vs 4.5)
Why FNBO Direct?
- ✓Higher rated Android app (4.8 vs 3.6)
— Key Feature Differences —
Better Returns at $10,000
American ExpressAmerican Express's High Yield Savings Account earns more on smaller deposits (approx. $340 vs $300/yr).
Better Returns at $25,000
American ExpressAmerican Express's High Yield Savings Account pulls ahead with larger amounts (approx. $850 vs $750/yr).
Best for Simplicity
American ExpressAmerican Express's High Yield Savings Account offers 3.40% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
American ExpressAmerican Express offers an iOS app rated 4.9 (vs. 4.5) and Android app rated 3.6 (vs. 4.8)
Shared Benefits
Over a 1-year period, American Express's High Yield Savings Account pays $40 more interest on a $10,000 balance than FNBO Direct's High-Yield Online Savings Account.
Executive Summary
American Express offers a High Yield Savings Account with a competitive 3.40% APY, making it the winner in this comparison. This account has no minimum deposit requirement, no maintenance fees, and does not require direct deposit, providing a straightforward savings option. In contrast, FNBO Direct's High-Yield Online Savings Account offers a lower APY of 3.00% with a minimum deposit of $1 and a minimum balance of $0.01. Both accounts are online-only and provide FDIC insurance, but American Express stands out for its higher yield and simplicity.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
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See who beats both American Express and FNBO Direct.
| Feature | American Express | FNBO Direct |
|---|---|---|
| APY | 3.40% Verified: 12/6/2025 ↘︎ 0.10%90d Change | 3.00% Verified: 12/6/2025 ↘︎ 0.25%90d Change |
| Product Name | High Yield Savings Account | High-Yield Online Savings Account |
| Minimum Deposit | $0 | $1 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android3.6 | iOS4.5 Android4.8 |
| BBB Rating | F | A+ |
| Next Steps |
Savings Comparison
American Express earns $252.3 more than FNBO Direct.
American Express
High Yield Savings Account
Savings Breakdown
- Interest Earned+$2,050.50(10.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,050.50
FNBO Direct
High-Yield Online Savings Account
Savings Breakdown
- Interest Earned+$1,798.20(9.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,798.20
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | American Express | FNBO Direct |
|---|---|---|
| High Yield Savings Account | High-Yield Online Savings Account | |
Current APY | 3.40% | 3.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -1.1 | -8.3 |
Days Since Change | 10 | 64 |
4-Month High | 3.50% | 3.25% |
4-Month Low | 3.40% | 3.00% |
Adjustments / Mo | 0.22 | 0.22 |
Volatility Score | 0.009 | 0.040 |
How to read these metrics(Click to expand)
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