FNBO Direct is offering an online savings account with a yield of 1.25% APY. Unfortunately this is a competitive rate for an online savings account these days. The days of the 5% online savings accounts are long gone. This rate is competitive with all the online savings accounts being offered. You can find a higher yield at a number of credit unions, some of which are national. For online banking though, this is as good as it gets.
FNBO Direct is backed by the First National Bank of Omaha which has a 3 out of 5 star soundness rating from bankrate and is FDIC insured.
Category: Savings Rates