Overview / Commentary
877-370-3707
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

FNBO Direct Raises Savings Rate To 1.85% - 8/5/2018

FNBO Direct has raised their savings rate to 1.85%, from 1.75%

FNBO Direct Increases Online Savings Rate - 6/11/2018

Late last week, FNBO Direct increased the rate of its Online Savings account by 15 bps to 1.75% APY. This is FNBO Direct’s second rate hike of the year.

FNBO Direct Raises Savings Rate To 1.75% - 6/9/2018

FNBO Direct has raised their savings rate to 1.75%, from 1.60%

View all posts from:

7/14/14 - FNBO Savings APY Drops (From 0.85%) To 0.75%
5/16/13 - FNBO Bug? FNBO Direct 404 - Page Not Found
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
4/22/10 - Reviews of FNBO Direct's Online BillPay Account, $25 Bonus & Its New Website
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
11/16/09 - FNBO Direct Increases Online Savings Account Yield to 3.50%
9/21/09 - 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
3/31/08 - $25 Bonus for FNBO Direct's BillPay Account
11/26/07 - 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?
8/8/07 - FNBO Direct Employment History Requests and Worries of Account Holds
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
5/14/07 - 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

Small, overlooked bank, but very good.

Back in May 2007, while ING Direct and others were paying ~3.5-4.5% interest, the First National Bank of Omaha was paying 6% interest on savings accounts. I was leery, but their FDIC number matched up, and after a few phone calls I felt comfortable enough to put some decent money with them.

It's been 11 years now, and it works like clockwork. The website isn't fancy, but it's perfectly functional. I push a little bit of money over there every month, and it keeps growing. These days, their rates aren't hugely better than the big guys (Capital One 360, etc.), but I'm still leaving my money there for now. Besides, my main bank, Wells-Fargo, wants to charge $5-12 per month per savings account -- they can take a long hike off a short bridge. FNBO's never charged me any fees.

Top Ten Online Bank, Hands Down!

Posted by: Alvino | Feb 20, 2018

I've been a customer of FNBO Direct for seven years now. Year after year they have served me quickly and always put me first as if they were a Federal Credit Union. You get that Credit Union feel from them. Their new app on iOS allows you to deposit checks instantly like most main carriers. Also their security for logging in is intuitive. You'll get comfortable with this bank.

Great online bank!

Posted by: jamaalroth | Apr 8, 2018

I opened a savings account here about 4 years ago. This is a great bank with great rates even if you deposit your money into a "passbook" type account. They always seem to pay a little more than regular banks. Sometimes they have a special rate for when you open your account if you deposit it into a time CD. If you don't need your money for a while, this is the way to go. I totally recommend this online bank for your savings. It's easy to access, easy to use, and your money is readily available in case you really need it for some reason. Their website is attractive, it's user friendly, and the rates for their money products can't be beat. What more could you ask for? Also they have a mobile app you can download and use if that's the way you'd rather do your banking, although that's not for me.

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.

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Health

Health Grade Components

Overall
FDIC Certificate #5452
Year Established1857
Employees4759
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.19%
Return on Equity - YTD12.2%
Annual Interest Income$322.3MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$19.86B$19.20B
LoansQ1 2018vs Q1 2017$14.48B$13.57B
DepositsQ1 2018vs Q1 2017$16.86B$16.50B
Equity CapitalQ1 2018vs Q1 2017$1.97B$1.95B
Loan Loss AllowanceQ1 2018vs Q1 2017$407.5MM$345.2MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$113.2MM$105.9MM
Real Estate OwnedQ1 2018vs Q1 2017$7.2MM$10.5MM
  User-submitted Promotions & Notices

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 Raises Savings Rate To 1.85%

njmacuser   |  
FNBO Direct has raised their savings rate to 1.85%, from 1.75%

FNBO Direct Raises Savings Rate To 1.75%

njmacuser   |  
FNBO Direct has raised their savings rate to 1.75%, from 1.60%

Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.85%-$1mOnline Savings

FNBO Direct Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%-$1mOnline Checking Account

FNBO Direct CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations

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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.