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1620 Dodge Street
Omaha, NE 68197

Since 1857, First National Bank Omaha has been growing steadily. Originally, FNBO Direct was a small institution, serving only Omaha, Nebraska, and the immediate area. Now, FNBO, a subsidiary of First National Nebraska, serves 6.6 million people all over the country. First National Nebraska is a multi-state holding company, and is the largest privately owned banking company in the U.S.

FNBO offers products that are in line with what you would expect from such an institution: checking accounts, savings accounts and CDs. FNBO also issues Visa branded rewards credit cards. FNBO offers consistently competitive yields on deposit accounts, and a fairly low variable interest rate on its credit card.

In addition to online billpay, FNBO also makes use of Popmoney, which allows you to send payment from your bank account directly to someone else with the help of a text message. You can also receive payment via Popmoney directly to your bank account. The FNBO web site features a number of helpful and educational tools, including a wide array of calculators. One of the most interesting is a calculator that will help you see how long it will take you to save up $1 million.

Related Posts

9/29/11 - FNBO Direct Savings Account Rate Cut & FYI On The Savings Account Promo
7/13/11 - FNBO Direct's Special Offer for Existing Customers and Keeping Accounts Open
7/1/11 - Special Rate Offer From FNBO
6/9/11 - FNBO Direct Cuts Savings Account Rate To 0.85%
5/11/11 - Internet Banks Improving Their Person-to-Person Payment Services
3/18/11 - Rate Drop At FNBO
2/7/11 - How Rates Have Held up at the Largest Internet Banks
1/25/11 - Closing Your Account At FNBO Direct
12/10/10 - FNBO Direct $25 Online BillPay Account Bonus
11/12/10 - FNBO Direct Update: New Cash Back Program and a New Bonus
9/1/10 - FNBO Direct's New Debit Card Reward Program
7/22/10 - Five Best Regular Interest Checking Accounts Available Nationwide
5/28/10 - FNBO Direct Cuts Rates on Savings Account and BillPay Account
4/22/10 - Reviews of FNBO Direct's Online BillPay Account, $25 Bonus & Its New Website
3/18/10 - Review of Person-to-Person Payment Services from ING Direct, FNBO Direct & UnivestDirect
2/19/10 - FNBO Direct Reduces Savings Account Rate from 1.40% to 1.25%
4/5/09 - 4.00% 60-Month CD at FNBO Direct - Nationally Available
12/12/08 - 4.26% 24-Month CD & 4.00% 12-Month CD at FNBO Direct
6/9/08 - FNBO Direct Increases Online Savings Account Yield to 3.50%
3/25/08 - $25 Bonus for FNBO Direct's BillPay Account
11/20/07 - FNBO Direct's New CDs and Checking Account
9/26/07 - FNBO Direct's New 2% Cash Back Credit Card and It's Official, New Yield of 5.05%
9/25/07 - Future Rates at FNBO Direct? and What's Next?
8/28/07 - FNBO Direct Planning a Cash Back Reward Credit Card
8/27/07 - FNBO Direct Savings Account Update - Withdrawing Money
8/10/07 - FNBO Direct's Account Frozen Emails - Mistake?
8/10/07 - FNBO Direct Sends Out Customer Surveys
8/8/07 - FNBO Direct Employment History Requests and Worries of Account Holds
6/26/07 - Why FNBO Direct Hasn't Been Listed at Bankrate?
6/22/07 - Update on FNBO Direct Transfer Concerns
6/20/07 - FNBO President and the Future Plans with FNBO Direct
6/15/07 - FNBO Direct Savings Account Policy Updates - Concerns?
5/25/07 - HSBC Direct's Next Offer?
5/24/07 - How Much Have You Deposited into FNBO Direct?
5/21/07 - FNBO Direct Finally Does a Press Release on its 6% Savings Account
5/19/07 - Update on FNBO Direct Savings Account - $1M Balances and More on Transfer Times
5/13/07 - Transfer Speeds and Timing Deposits into FNBO Direct's 6% Savings Account
5/8/07 - My Experience Opening FNBO Direct 6% Savings Account - Part 3
5/4/07 - My Experience Opening FNBO Direct's 6% Savings Account - Part 2
5/3/07 - Concerns about FNBO Direct? Too Good to be True? Don't Worry. It's Legit
5/2/07 - My Experience Opening FNBO Direct's 6% Savings Account
5/1/07 - FNBO Direct's Savings Account Offers 6.00% Until 9/28/07
2/15/07 - New 5.25% No-Minimum Online Savings Account - FNBO Direct

Reviews (4)

Beware Of Hidden Fees On The Online Checking ("Billpay") Account

As always, read the account disclosures before opening an account.

FNBO charges a monthly "Debit Card Inactive Fee" of $1 per month if you don't use the debit card associated with the account at least once every 90 days. If you opt out of the debit card entirely and just get an ATM-only card, they charge you $1 per month, every month, period.

Since I never use debit cards, this was a deal-killer for me.

If you are one of those people who open accounts while the interest rates are good, and then leave them dormant when the rate drops, there is a dormant account fee of $25 (first month) or $10 (subsequent months). It doesn't indicate how long the dormant period is in their online disclosure.

Rate Just Dropped To 0.75%

I just closed my account because of the drop to 0.75%.
I moved to a bank that pays 1.01% online savings.

Excellent On-Line Banking

I have used FNBO for several years for on-line bank and money market. I have found great rates and easy access to money.


I like FNBO for the following reasons:

1) it offers a good cash back card (as competitive as others on the market)

2) free next day ACH transactions

3) simple, but easy to navigate website

4) Offers a decent APY on checking and savings (although this could be better)

5) Long history, and 5 star health record

6) Good customer service


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 FNBO Direct had $126.23 million in non-current loans and owned real-estate with $1.92 billion in equity and loan loss allowances on hand to cover it. This gives FNBO Direct a Texas Ratio of 6.57% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for FNBO Direct decreased dramatically from 11.43% as of March 31, 2013 to 6.57% as of March 31, 2014, resulting in a positive change of 42.57%.This indicates that the balance sheet and financial strength for FNBO Direct has improved dramatically in recent periods.

Deposit Growth


In the past year, FNBO Direct has increased its total deposits by $1.78 billion, resulting in 14.91% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth FNBO Direct has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. FNBO Direct has $16.24 billion in assets with $1.92 billion in equity, resulting in a capitalization level of 11.84%, which is excellent.

Institution Statistics

FDIC Certificate #5452
Year Established1857
Primary RegulatorOCC
Assets and Liabilities
Assets$16.24 billion
Loans$11.17 billion
Deposits$13.73 billion
Equity Capital$1.64 billion
Loan Loss Allowance$280.19 million
Unbacked Noncurrent Loans$101.84 million
Real Estate Owned$24.39 million
Historic Data - March 2013
Assets$14.07 billion
Equity Capital$1.40 billion
Loan Loss Allowance$271.63 million
Unbacked Noncurrent Loans$101.84 million
Real Estate Owned$30.65 million
Profit Margin - Quarterly
Net Interest Margin5.81%
Return on Assets0.84%
Return on Equity8.32%
Interest Income$216.98 million
Skip to rates for:

Always verify rates and promotions with the bank or credit union. We are not FNBO Direct, we are a rate comparison website and can not provide official rates or promotions.

FNBO Direct Savings Account Rates

0.75%-$1mOnline Savings

FNBO Direct Checking Account Rates

0.65%-$1mOnline Billpay

FNBO Direct CD Rates

1.15%$500$1m60 Month CD
0.90%$500$1m48 Month CD
0.70%$500$1m36 Month CD
0.50%$500$1m24 Month CD
0.41%$500$1m18 Month CD
0.31%$500$1m12 Month CD
0.26%$500$1m9 Month CD
0.16%$500$1m6 Month CD

FNBO Direct is an Internet only bank and does not have branch locations. Its headquarters is located at 1620 Dodge Street - Omaha, NE 68197