Bank of America vs. FNBO Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
Bank of America
Advantage Savings
0.01%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Bank of America
Advantage Savings
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 Bank of America vs. FNBO Direct
Why Bank of America?
No distinct advantages found vs FNBO Direct.
Why FNBO Direct?
- ✓Higher potential APY (3.00% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
FNBO DirectFNBO Direct's High-Yield Online Savings Account earns more on smaller deposits (approx. $300 vs $1/yr).
Better Returns at $25,000
FNBO DirectFNBO Direct's High-Yield Online Savings Account pulls ahead with larger amounts (approx. $750 vs $3/yr).
Best Mobile App Experience
Bank of AmericaBank of America offers an iOS app rated 4.8 (vs. 4.5) and Android app rated 4.6 (vs. 4.8)
Shared Benefits
Over a 1-year period, FNBO Direct's High-Yield Online Savings Account pays $299 more interest on a $10,000 balance than Bank of America's Advantage Savings.
Executive Summary
FNBO Direct offers a significant advantage with its High-Yield Online Savings Account, boasting an impressive APY of 3.00%, making it a clear winner over Bank of America's Advantage Savings, which yields only 0.01%. FNBO Direct's account requires a minimum deposit of just $1 and has no maintenance fees, while Bank of America charges an $8 fee that can be waived under certain conditions. Additionally, FNBO Direct operates online only, providing a streamlined experience, whereas Bank of America offers a physical presence and a highly rated mobile app. Both accounts do not require direct deposit.
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 Bank of America and FNBO Direct.
| Feature | Bank of America | FNBO Direct |
|---|---|---|
| APY | 0.01% Verified: 12/6/2025 Stable (90d) | 3.00% Verified: 12/6/2025 ↘︎ 0.25%90d Change |
| Product Name | Advantage Savings | High-Yield Online Savings Account |
| Minimum Deposit | $100 | $1 |
| Min. Balance for APY | N/A | $0.01 |
| Monthly Fee | $8 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.6 | iOS4.5 Android4.8 |
| BBB Rating | A+ | A+ |
| Important Notes | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. | - |
| Next Steps |
Savings Comparison
FNBO Direct earns $1,792.5 more than Bank of America.
Bank of America
Advantage Savings
Savings Breakdown
- Interest Earned+$5.70(0.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,005.70
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 | Bank of America | FNBO Direct |
|---|---|---|
| Advantage Savings | High-Yield Online Savings Account | |
Current APY | 0.01% | 3.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | -8.4 |
Days Since Change | 131 | 64 |
4-Month High | 0.01% | 3.25% |
4-Month Low | 0.01% | 3.00% |
Adjustments / Mo | 0.00 | 0.22 |
Volatility Score | 0.000 | 0.040 |
How to read these metrics(Click to expand)
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