Chime vs. Fnbo Direct
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 16, 2025
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Summary of Chime vs. FNBO Direct
Key Metrics at a Glance
| Feature | Chime | FNBO Direct |
|---|---|---|
| Top Savings APY | 3.50% Chime Savings Account | 3.00% High-Yield Online Savings Account |
| Minimum to Open | $0 | $1 |
| Minimum Balance for Top APY | $0.01 | $0.01 |
| Note | Chime® is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. To open a savings account you must first open a checking account. To qualify for Chime+ with the 3.50% APY, you must have a Chime Checking account and receive a direct deposit of at least $200. Otherwise, the APY is 1.00%. |
Chime
Strengths
- Chime offers a higher APY of 3.50% compared to FNBO Direct's 3.00%.
- Chime has a strong BBB rating of A-.
- Chime's App Store rating is 4.8, higher than FNBO Direct's 4.5.
Potential Drawbacks
- Chime requires a qualifying direct deposit of $200 to earn the 3.50% APY.
- Chime's APY decreased from 3.75% in the past 30 days.
- Chime has no physical branches.
FNBO Direct
Strengths
- FNBO Direct has no direct deposit requirement, making it more accessible.
- FNBO Direct's APY increased from 3.25% in the past 30 days.
- FNBO Direct has a higher Google Play rating of 4.8.
Potential Drawbacks
- FNBO Direct's APY of 3.00% is lower than Chime's 3.50%.
- FNBO Direct is not rated by the BBB.
- FNBO Direct has no physical branches.
Summary: Chime offers a higher APY of 3.50% but requires a direct deposit to qualify, while FNBO Direct has no such requirement and offers a lower APY of 3.00%. Chime has a solid BBB rating of A-, whereas FNBO Direct is not rated. Both banks are online-only with no physical branches, but Chime has a higher App Store rating, while FNBO Direct excels in Google Play ratings.
→ As of October 16, 2025 Chime offers an APY of 3.50% for its Chime Savings Account, with a minimum balance of $0.01, compared to FNBO Direct's 3.00% APY for its High-Yield Online Savings Account, with a minimum balance of $0.01.
→ Chime yields $50 more than FNBO Direct on a $10,000 balance after one year. Chime pays $350, while FNBO Direct pays $300 - an APY advantage for Chime.
Calculate Savings Growth for Chime vs FNBO Direct
All calculations are based on APY.
Chime
APY: 3.50%
Total savings breakdown:
- Interest earned: $2,114.1 (10.51%)
- Total contributions: $13,000 (64.63%)
- Initial deposit: $5,000 (24.86%)
Your total balance
$20,114.10
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $20,114.1
Earnings: $2,114.1
Bank OverviewFNBO Direct
APY: 3.00%
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
Effective APY: 3.00% (based on your deposit and contributions)
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, Chime's total earnings would be $315.9 higher than FNBO Direct's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Chime's vs FNBO Direct's Savings Accounts
| Chime | FNBO Direct | ||
|---|---|---|---|
| Product | Chime Savings Account | vs | High-Yield Online Savings Account |
| APY | 1.00% - 3.50% (as of 10/16/2025) | 3.00% (as of 10/16/2025) | |
| Bundled Account | Yes | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | No | |
| Compound Frequency | Daily | Monthly | |
| Minimum Deposit | $0 | $1 | |
| Minimum Balance for APY | $0.01 | $0.01 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | Yes. You need to receive a qualifying direct deposit of $200 or more within the preceding 34 days | No | |
| Note | Chime® is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. To open a savings account you must first open a checking account. To qualify for Chime+ with the 3.50% APY, you must have a Chime Checking account and receive a direct deposit of at least $200. Otherwise, the APY is 1.00%. | ||
| App Store Rating | 4.8/5 | 4.5/5 | |
| Google Play Rating | 4.7/5 | 4.8/5 | |
| BBB Rating | A- | Not Rated |
Comparative Historical APY Insights (Last 3 Months)
| Chime | FNBO Direct | ||
|---|---|---|---|
| Product | Chime Savings Account | vs | High-Yield Online Savings Account |
| Latest APY | 3.50 % | 3.00 % | |
| Trend | Sideways | Falling | |
| Slope (bps/mo) | -0.9 | -7.7 | |
| Rate Changes / Mo | 0.36 | 0.36 | |
| Days Since Last Change | 0 | 13 | |
| High (-3 m) | 3.75 % | 3.25 % | |
| Low (-3 m) | 3.50 % | 3.00 % | |
| Draw-down from High | -6.7 % | -7.7 % | |
| Volatility (CV) | 0.009 | 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.
More Comparisons
Compare Chime's APY of 3.50% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Chime vs Ally Bank | 3.40% | $0 |
| Chime vs American Express | 3.50% | $0 |
| Chime vs Axos Bank | 4.51% | $0 |
| Chime vs Bank of America | 0.01% | $100 |
| Chime vs Barclays | 4.10% | $0 |
| Chime vs Bask Bank | 4.05% | $0 |
| Chime vs BrioDirect | 4.20% | $5,000 |
| Chime vs Capital One | 3.40% | $0 |
| Chime vs Chase Bank | 0.01% | $0 |
| Chime vs CIT Bank | 3.85% | $100 |
| Chime vs Citizens Access™ | 3.50% | $0.01 |
| Chime vs Discover Bank | 3.40% | $0 |
| Chime vs Elevault | 4.34% | $0 |
| Chime vs EverBank | 4.05% | $0 |
| Chime vs Fitness Bank | 4.75% | $100 |
| Chime vs FVCbank | 4.10% | $500 |
| Chime vs GO2bank | 4.50% | $0 |
| Chime vs LendingClub | 4.20% | $0 |
| Chime vs Marcus by Goldman Sachs | 3.65% | $0 |
| Chime vs Neighbors Bank | 4.50% | $0 |
| Chime vs Newtek Bank | 4.35% | $0 |
| Chime vs Peak Bank | 4.20% | $100 |
| Chime vs Pibank | 4.60% | $0 |
| Chime vs Presidential Bank | 4.50% | $5,000 |
| Chime vs Santander Bank | 0.01% | $25 |
| Chime vs SoFi Bank | 4.50% | $0 |
| Chime vs Synchrony Bank | 3.80% | $0 |
| Chime vs TIMBR | 4.40% | $1,000 |
| Chime vs UFB Direct | 3.96% | $5000 |
| Chime vs Valley Direct | 4.10% | $1000 |
| Chime vs Varo Bank | 5.00% | $0 |
| Chime vs Wells Fargo | 2.51% | $25 |
| Chime vs Zynlo Bank | 4.20% | $10 |