FNBO Direct Savings Account Review – High-Yield Savings

FNBO Direct is a Great Online Savings Account

As interest rates remain low across the board, finding attractive yields on savings accounts is becoming even more difficult. At the very least, you’d like to have your savings try to keep up with inflation, but even that can be a tall order these days. Of course, interest rates aren’t everything, and you also want a bank that is secure, provides great service, and has a useful online interface. Luckily, FNBO Direct offers a great opportunity to receive a competitive interest rate, remain FDIC insured, and have access to a nice online interface.

FNBO Account Features

  • No account minimum
  • 1.10% APY as of this writing
  • FDIC insured

Just like opening an account with most online, or even traditional banks, you will need to provide some information in order to sign up, verify your identity, and link to other existing accounts. To open an account with FNBO Direct, you’ll need:

  • Your Social Security or Tax ID Number.
  • Your Driver’s License or ID card issued by a state DMV.
  • Employer information.
  • Information about any loans or mortgages that you may have to help us confirm your identity.
  • For instant funding, you will need your current bank account and routing numbers.
  • If a joint account, the other applicant’s information.

Getting Started

Once your account application has gone through it couldn’t be easier to get started saving. While FNBO doesn’t require a minimum deposit, obviously if you opened a savings account you’re going to be putting money into it. So, it’s as easy as linking your FNBO Direct online savings to any other bank account (checking or savings) you may have. Once they are linked up transferring money is as easy as clicking the mouse. It takes a couple of days for transactions to settle, which is standard, but just keep that in mind.

Not only that, but you can get an ATM card linked to your FNBO Direct account for access to your money 24 hours a day at any ATM. This can be quite handy if you’re using this as your emergency savings, since emergencies don’t often happen during bank hours.

Sign Up Today

There are obviously a lot of choices when it comes to savings accounts, but with rates continuing to decline, making sure your money is working its hardest is increasingly important. While I’m not a big fan of rate chasing, I think FNBO Direct is a good place to stick it out. In the past, they have been one of the last banks to drop rates when it was time for a rate cut, and the rates are consistently at the higher end of the spectrum.

Author: Jeremy Vohwinkle

My name is Jeremy Vohwinkle, and I’ve spent a number of years working in the finance industry providing financial advice to regular investors and those participating in employer-sponsored retirement plans.


I've been an FNBO Direct customer for a few years now, and I've been impressed by their customer service the handful of times I've had to contact them. Quickly getting a helpful and polite representative on the phone is a big plus in my book.


When you click the link, it's advertising 1.10% APY for the savings account - am I missing something?


I know how we can all become billionaires within ten months, and it will be completely legal and fair and our clients will be completely bedazzled by the artistry of this new mechanism which will reap harvests for anyone who touches our policies in Borrowing and Banking.

If you are interested send me an email, and perhaps we can structure a proper system to do this venture.