Carver Bank vs. FNBO Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Carver BankHigh Yield Savings Jan 7, 2026 | FNBO DirectHigh-Yield Online Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 4.00% | 3.00% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $5,000+$150 $10,000+$300 $25,000+$750 |
Min Deposit | $5,000 | $1 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® 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 4.21% APY.
Comparison Analysis
Comparing Carver Bank vs. FNBO Direct
As of Carver Bank offers an APY of 4.00% for its High Yield Savings account, with a minimum balance of $5,000, compared to FNBO Direct's 3.00% APY for its High-Yield Online Savings Account, with a minimum balance of $0.01.
Carver Bank pays $100 more than FNBO Direct on a $10,000 balance after one year. Carver Bank pays $400, while FNBO Direct pays $300 - an APY advantage for Carver Bank.
Why Carver Bank?
- ✓Higher potential APY (4.00% vs 3.00%)
Why FNBO Direct?
- ✓Higher rated Android app (4.8 vs 4.5)
— Key Feature Differences —
Better Returns at $10,000
Carver BankCarver Bank's High Yield Savings earns more on smaller deposits (approx. $400 vs $300/yr).
Better Returns at $25,000
Carver BankCarver Bank's High Yield Savings pulls ahead with larger amounts (approx. $1000 vs $750/yr).
Best for Simplicity
Carver BankCarver Bank's High Yield Savings offers 4.00% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Carver Bank's High Yield Savings pays $100 more interest on a $10,000 balance than FNBO Direct's High-Yield Online Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Carver Bank offers a High Yield Savings account with a competitive 4.00% APY, making it the clear winner compared to FNBO Direct's High-Yield Online Savings Account, which has a lower APY of 3.00%. Carver Bank's account requires a minimum deposit of $5,000 but has no maintenance fees, provided the minimum balance is maintained. Additionally, there are no requirements for direct deposit, and the account is online-only. In contrast, FNBO Direct allows for a much lower minimum deposit of just $1, but with a significantly lower interest rate. Overall, Carver Bank's offering stands out for its 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
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Top Market Contenders
Carver Bank vs. FNBO Direct Savings Calculator
You earn $100 more with Carver Bank than FNBO Direct 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.
Carver Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
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 | Carver Bank | FNBO Direct |
|---|---|---|
| APY | 4.00% Verified: 1/7/2026 Stable (90d) | 3.00% Verified: 1/7/2026 Stable (90d) |
| Product Name | High Yield Savings | High-Yield Online Savings Account |
| Minimum Deposit | $5,000 | $1 |
| Min. Balance for APY | $5,000 | $0.01 |
| Monthly Fee | $0, of minimum balance requirement met. Otherwise $6. | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android4.5 | iOS4.5 Android4.8 |
| Zelle® Support | Available Full native integration in digital banking. | Available Online division fully supports Zelle. |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Carver Bank 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 | Carver Bank | FNBO Direct |
|---|---|---|
| High Yield Savings | High-Yield Online Savings Account | |
Current APY | 4.00% | 3.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | -6.4 |
Days Since Change | 163 | 96 |
5-Month High | 4.00% | 3.25% |
5-Month Low | 4.00% | 3.00% |
Adjustments / Mo | 0.00 | 0.18 |
Volatility Score | 0.000 | 0.038 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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