Best Savings Accounts

FNBO savings accounts might be the best savings accounts due to its 3.50% APY.  While the First National Bank of Omaha is not as well known as the ING Orange savings accounts and HSBC online savings, the FNBO savings accounts are great high yield savings accounts.  This article will provide a detailed review of the FNBO Direct savings accounts.

The 3.50% APY FNBO savings rate is one of the highest interest savings rates being paid in the United States right now.  The FNBO savings account interest rate is 3.44%.  This high interest savings rate is not just an introductory rate, but it is subject to change in the future.  The interest on the FNBO savings account is compounded and credited monthly.  We would prefer to see it compounded daily, but most high yield savings accounts are compounding interest monthly.

Next to the high yield interest rate, we look for savings accounts with very low minimum balance requirements.  The FNBO Direct savings accounts only require a $1 minimum balance.  You can’t get any better than that.  Additionally, the FNBO bank pays the 3.50% APY no matter how little money you put into the FNBO savings account.

One thing that I don’t like about the FNBO bank is that people complain that it takes 2 – 3 days for their FNBO savings account to start accruing interest on new deposits.   This gives FNBO bank a 2-3 day interest free loan.  I am not sure why it takes so long for the funds to get credited to you FNBO savings account. Please note that we have not experienced this personally, and only read this from a complaint online about FNBO.

All in all these FNBO savings accounts look to be some of the best savings accounts.  If you personally do your banking with FNBO Direct, please tell us about your experience with them.  Are you happpy with your FNBO savings account?  Is the FNBO online banking website easy to use?  Please share your experience with us all.