FNBO Direct vs. Openbank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | FNBO DirectHigh-Yield Online Savings Account Jan 7, 2026 | OpenbankHigh-Yield Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 3.00% | 4.20% |
Est. Earnings | $5,000+$150 $10,000+$300 $25,000+$750 | $5,000+$210 $10,000+$420 $25,000+$1,050 |
Min Deposit | $1 | $500 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredLow Minimums |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Comparison Analysis
Comparing FNBO Direct vs. Openbank
As of FNBO Direct offers an APY of 3.00% for its High-Yield Online Savings Account, with a minimum balance of $0.01, compared to Openbank's 4.20% APY for its High-Yield Savings Account, with a minimum balance of $0.
Openbank pays $120 more than FNBO Direct on a $10,000 balance after one year. FNBO Direct pays $300, while Openbank pays $420 - an APY advantage for Openbank.
Why FNBO Direct?
- ✓Higher rated iOS app (4.5 vs 3.1)
- ✓Higher rated Android app (4.8 vs 2.9)
- ✓Fast transfers via Zelle®
Why Openbank?
- ✓Higher potential APY (4.20% vs 3.00%) on all balances
— Key Feature Differences —
Better Returns at $10,000
OpenbankOpenbank's High-Yield Savings Account earns more on smaller deposits (approx. $420 vs $300/yr).
Better Returns at $25,000
OpenbankOpenbank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1050 vs $750/yr).
Best for Simplicity
OpenbankOpenbank's High-Yield Savings Account offers 4.20% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
FNBO DirectFNBO Direct offers an iOS app rated 4.5 (vs. 3.1) and Android app rated 4.8 (vs. 2.9)
Shared Benefits
Over a 1-year period, Openbank's High-Yield Savings Account pays $120 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
Openbank offers a High-Yield Savings Account with a competitive 4.20% APY, making it the clear winner in this comparison. This account is online-only and requires a minimum deposit of $500, but it has no maintenance fees or direct deposit requirements, providing a straightforward savings option. In contrast, FNBO Direct's High-Yield Online Savings Account offers a lower APY of 3.00%, also with no maintenance fees and no direct deposit requirement, but it does not match the returns of Openbank. Both banks provide monthly compounding and are FDIC insured.
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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FNBO Direct vs. Openbank Savings Calculator
You earn $120 more with Openbank 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.
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
Openbank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$420.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,420.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | FNBO Direct | Openbank |
|---|---|---|
| APY | 3.00% Verified: 1/7/2026 Stable (90d) | 4.20% Verified: 1/7/2026 Stable (90d) |
| Product Name | High-Yield Online Savings Account | High-Yield Savings Account |
| Minimum Deposit | $1 | $500 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.5 Android4.8 | iOS3.1 Android2.9 |
| Zelle® Support | Available Online division fully supports Zelle. | Not Supported |
| BBB Rating | A+ | Not Rated |
| Next Steps | Visit SiteVerify at FNBO Direct Non-sponsored link to official site | Visit SiteVerify at Openbank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | FNBO Direct | Openbank |
|---|---|---|
| High-Yield Online Savings Account | High-Yield Savings Account | |
Current APY | 3.00% | 4.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | -6.4 | -0.0 |
Days Since Change | 96 | 166 |
5-Month High | 3.25% | 4.20% |
5-Month Low | 3.00% | 4.20% |
Adjustments / Mo | 0.18 | 0.00 |
Volatility Score | 0.039 | 0.000 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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