Chime vs. Fnbo Direct
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 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 an excellent App Store rating of 4.8.
- No maintenance fees for Chime Savings Account.
Potential Drawbacks
- Chime requires a qualifying direct deposit of $200 to earn the higher APY.
- Chime has no physical branches.
- Chime's Google Play rating is lower at 4.7.
FNBO Direct
Strengths
- FNBO Direct has no direct deposit requirement for its 3.00% APY.
- FNBO Direct offers a slightly higher Google Play rating of 4.8.
- No maintenance fees for FNBO Direct's savings account.
Potential Drawbacks
- FNBO Direct's APY is lower than Chime's 3.50%.
- FNBO Direct has no physical branches.
- FNBO Direct has a lower App Store rating of 4.5.
→ As of November 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
Chime - Chime Savings Account
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
Total balance: $20,114.1
Earnings: $2,114.1
Bank OverviewFNBO Direct - High-Yield Online Savings Account
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, 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 11/16/2025) | 3.00% (as of 11/16/2025) | |
| Bundled Account | Yes | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| 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+ | A+ |
Comparative Historical APY Insights (Last 4 Months)
| Chime | FNBO Direct | ||
|---|---|---|---|
| Product | Chime Savings Account | vs | High-Yield Online Savings Account |
| Latest APY | 3.50 % | 3.00 % | |
| Trend | Falling | Falling | |
| Slope (bps/mo) | -8.3 | -9.4 | |
| Rate Changes / Mo | 0.26 | 0.26 | |
| Days Since Last Change | 31 | 44 | |
| High (-4 m) | 3.75 % | 3.25 % | |
| Low (-4 m) | 3.50 % | 3.00 % | |
| Draw-down from High | -6.7 % | -7.7 % | |
| Volatility (CV) | 0.032 | 0.040 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 4 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 (-4 m)
- Highest APY in the last 115 days.
- Low (-4 m)
- Lowest APY in the last 115 days.
- Draw-down from High
- How far today sits below the 4-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.