FNBO Direct
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.15% | Savings | Online Savings |
| 0.65% | Checking | Online Checking Account |
| 1.15% | 5-year CD | 60 Month CD 2.35% - Synchrony Bank 60 Month CD |
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
6/22 - FNBO Savings Up To 1.10% APY. Quick Look.
5/3/13 - FNBO Savings Rate Decrease (From 0.85%) To 0.75%
2/14/13 - FNBO Direct Scheduled Outage Sunday 2-17-13
12/26/12 - FNBO Direct Announces Savings Account Rate Increase for New Year
12/19/12 - FNBO Savings Rate Increase
7/20/12 - FNBO Direct Offers Another Savings Account Promotion to Existing Customers
7/19/12 - Bonus Rate
3/7/12 - Last Years FNBO Special 1.35% Rate Reminder
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
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
5/28/10 - FNBO Direct Cuts Rates on Savings Account and BillPay Account
2/19/10 - FNBO Direct Reduces Savings Account Rate from 1.40% to 1.25%
11/16/09 - New 5.25% No-Minimum Online Savings Account - FNBO Direct
9/21/09 - 4.00% 60-Month CD at FNBO Direct - Nationally Available
3/31/08 - $25 Bonus for FNBO Direct's BillPay Account
11/26/07 - FNBO Direct's New CDs and Checking Account
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?
5/19/07 - Update on FNBO Direct Savings Account - $1M Balances and More on Transfer Times
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
Great Online Bank for Internet Savings and Checking accounts
I've had an account with FNBO Direct for over a year, and I'm very pleased with my experience so far. I have a Checking and Savings account, and the best part is that the Checking account earns 0.65% APR and the Savings account earns 0.75%. This is a far better deal than you can get in most non-online non-internet banks. Plus, the access you have to your money is great - you can see it online, any time, and move it around however you want with no fees. And there are no minimum deposits required in order to open an account (other than one dollar, but everyone has one dollar, at least if they're trying to open a bank account). Overall I think these accounts are a great deal for the customer, and because of that, I highly recommend FNBO Direct!
Online Banks, the easy way to save
I have been banking with FNBO Direct for more than a decade I believe. The bank is not the best for online banks, from my comparison. However, everything about them is tied to their parent company, a company that I previously worked for and have all of my personal accounts through. I have had limited interactions with them - only calling customer support a handful of times. The rates that they offer on savings are not what they used to be and they are rarely worth the extra effort to open an account anymore, but this bank, if you need to have an online only savings account, is on par with others. I have never had a fee from them, so I cannot comment on that. Also, their mobile and web experience falls short of other banks, but is on par with banking in general.
Great way to earn higher interest
A few years ago, I was frustrated by having such low interest rates at my bank (Wells Fargo). I decided to look at other options by searching the internet. I was very leery about putting my money in an online bank as I had never heard of FNBO Direct. The rates were attractive, but an unknown is still uncomfortable. I tried a little bit of money ($2,000) to test out the process. After a few months, everything seemed legitimate and I have now been using the bank for deposits ever since.
It sort of is a bare bones operation. It's just about transferring your money from your regular bank account to one of the products at FNBO to get that higher interest rate. Of course, one can transfer money out of FNBO (with limits). I have not been impeded by these limits. Lately, other institutions have started beating FNBO's rate, but I don't want to be a rate chaser. For years, FNBO gave me a good rate to park my liquid cash and I am happy with my banking relationship. I do feel a certain disconnect that there is no human face, but perhaps that is just the way the world is going these days. As long as my money is safe and insured and growing, I really can't complain.
FNBO Online Banking
I opened a Savings account with FNBO I think in 2010. I did this to have an online savings account which is more difficult to access than a regular bank. I did a lot of research at the time for the best rates. At the time, this bank had the best rate with no minimums. These days there are several other choices. Since I opened the account they have made available more products, such as online checking accounts, which has made it easier to make payments to credit cards and transfer money to my regular accounts. It is helpful, as I often forget about the account and so the money tends to build until I remember I need that extra little cash. I have never run into any issues with customer service or any other experiences with the service. It takes several days to transfer money, but that is one of the reasons to have the account, so that I cannot access the money quickly, so I try to save more.
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 5452 |
| Year Established | 1857 |
| Employees | 4667 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.89% |
| Return on Equity - YTD | 8.71% |
| Annual Interest Income | $569.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $19.52B$18.69B |
| Loans | Q2 2017vs Q2 2016 | $14.08B$13.53B |
| Deposits | Q2 2017vs Q2 2016 | $16.16B$15.22B |
| Equity Capital | Q2 2017vs Q2 2016 | $1.98B$1.88B |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $362.9MM$295.0MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $94.9MM$87.4MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $9.6MM$12.3MM |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
FNBO Direct Increases Online Savings Account Rate
It’s nothing to get excited about, but it’s always nice to see a rate increase.
I miss the good old days back in 2007 when FNBO Direct was offering 6%
FNBO Savings Up To 1.10% APY. Quick Look.
Always verify rates and promotions with the bank or credit union. We are not FNBO Direct; we are a rate comparison website and cannot provide official rates or promotions.
FNBO Direct Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.15% | - | $1m | Online Savings |
FNBO Direct Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.65% | - | $1m | Online Checking Account |
FNBO Direct CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.15% | $500 | $1m | 60 Month CD | |
| 0.90% | $500 | $1m | 48 Month CD | |
| 0.70% | $500 | $1m | 36 Month CD | |
| 0.50% | $500 | $1m | 24 Month CD | |
| 0.41% | $500 | $1m | 18 Month CD | |
| 0.31% | $500 | $1m | 12 Month CD | |
| 0.26% | $500 | $1m | 9 Month CD | |
| 0.16% | $500 | $1m | 6 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