Bank Of America vs. Fnbo Direct
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 16, 2025
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Summary of Bank of America vs. FNBO Direct
Key Metrics at a Glance
| Feature | Bank of America | FNBO Direct |
|---|---|---|
| Top Savings APY | 0.01% Advantage Savings | 3.00% High-Yield Online Savings Account |
| Minimum to Open | $100 | $1 |
| Minimum Balance for Top APY | $0.01 | |
| Note | 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. |
Bank of America
Strengths
- Bank of America has a high App Store rating of 4.8.
- Bank of America offers an A+ BBB rating, indicating strong trustworthiness.
Potential Drawbacks
- The Advantage Savings account has a low APY of 0.01%.
- Bank of America charges an $8 maintenance fee unless certain conditions are met.
FNBO Direct
Strengths
- FNBO Direct offers a competitive APY of 3.00%, though it decreased from 3.25%.
- There are no maintenance fees for the High-Yield Online Savings Account.
Potential Drawbacks
- FNBO Direct is not rated by the BBB.
- FNBO Direct has no physical branches available.
→ As of October 16, 2025 Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , compared to FNBO Direct's 3.00% APY for its High-Yield Online Savings Account, with a minimum balance of $0.01.
→ FNBO Direct yields $299 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while FNBO Direct pays $300 - an APY advantage for FNBO Direct.
Calculate Savings Growth for Bank of America vs FNBO Direct
Bank of America
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewFNBO Direct
Total savings breakdown:
- Interest earned: $1,798.2 (9.08%)
- Total contributions: $13,000 (65.66%)
- Initial deposit: $5,000 (25.25%)
Your total balance
$19,798.20
Total balance: $19,798.2
Earnings: $1,798.2
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bank of America's total earnings would be $1,792.5 lower than FNBO Direct's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Bank of America's vs FNBO Direct's Savings Accounts
| Bank of America | FNBO Direct | ||
|---|---|---|---|
| Product | Advantage Savings | vs | High-Yield Online Savings Account |
| APY | 0.01% (as of 10/16/2025) | 3.00% (as of 10/16/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | No | |
| Compound Frequency | Monthly | Monthly | |
| Minimum Deposit | $100 | $1 | |
| Minimum Balance for APY | N/A | $0.01 | |
| Maintenance Fee | $8 | $0 | |
| Direct Deposit Required | No | No | |
| Note | 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. | ||
| App Store Rating | 4.8/5 | 4.5/5 | |
| Google Play Rating | 4.6/5 | 4.8/5 | |
| BBB Rating | A+ | Not Rated |
Comparative Historical APY Insights (Last 3 Months)
| Bank of America | FNBO Direct | ||
|---|---|---|---|
| Product | Advantage Savings | vs | High-Yield Online Savings Account |
| Latest APY | 0.01 % | 3.00 % | |
| Trend | Sideways | Falling | |
| Slope (bps/mo) | 0.0 | -7.7 | |
| Rate Changes / Mo | 0.00 | 0.36 | |
| Days Since Last Change | 83 | 13 | |
| High (-3 m) | 0.01 % | 3.25 % | |
| Low (-3 m) | 0.01 % | 3.00 % | |
| Draw-down from High | 0.0 % | -7.7 % | |
| Volatility (CV) | 0.000 | 0.029 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 3 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 (-3 m)
- Highest APY in the last 84 days.
- Low (-3 m)
- Lowest APY in the last 84 days.
- Draw-down from High
- How far today sits below the 3-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.