Bank of America vs. FNBO Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Bank of AmericaAdvantage Savings Jan 21, 2026 | FNBO DirectHigh-Yield Online Savings Account Jan 21, 2026 |
|---|---|---|
| APY | 0.01% | 3.00% |
Est. Earnings | $5,000+$1 $10,000+$1 $25,000+$3 | $5,000+$150 $10,000+$300 $25,000+$750 |
Min Deposit | $100 | $1 |
Snapshot view. Rates subject to change. | ||
Terms | 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. | - |
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.20% APY.
Comparison Analysis
Comparing Bank of America vs. FNBO Direct
As of 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 pays $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.
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).
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.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
FNBO Direct offers a High-Yield Online Savings Account with a competitive APY of 3.00%, significantly higher than Bank of America's Advantage Savings account, which yields only 0.01%. The FNBO Direct account requires a minimum deposit of just $1 and has no maintenance fees, making it an attractive option for savers. In contrast, Bank of America charges an $8 monthly fee unless certain conditions are met. While both accounts do not require direct deposit, FNBO Direct's online-only nature may appeal to those comfortable with digital banking. Overall, FNBO Direct stands out as the superior choice for higher returns.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Bank of America vs. FNBO Direct Savings Calculator
You earn $299 more with FNBO Direct than Bank of America on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Bank of America
Advantage Savings
Savings Breakdown
- Interest Earned+$1.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,001.00
FNBO Direct
High-Yield Online Savings Account
Savings Breakdown
- Interest Earned+$300.00(2.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,300.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Bank of America | FNBO Direct |
|---|---|---|
| APY | 0.01% Verified: 1/21/2026 Stable (90d) | 3.00% Verified: 1/21/2026 Stable (90d) |
| 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 |
| Zelle® Support | Available Limit: $3,500/dayFounding member; highest limits for established users. | Available Online division fully supports Zelle. |
| 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 | Visit SiteVerify at Bank of America Non-sponsored link to official site | Visit SiteVerify at FNBO Direct Non-sponsored link to official site |
📈 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 | -5.7 |
Days Since Change | 36 | 110 |
6-Month High | 0.03% | 3.25% |
6-Month Low | 0.01% | 3.00% |
Adjustments / Mo | 0.33 | 0.17 |
Volatility Score | 0.159 | 0.038 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Bank of America vs...
Comparing against Standard Savings
Compare FNBO Direct vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.