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FNBO Direct Online Savings account review

Deposit $1 to receive a 0.9% APY with no minimum balance requirements.’s rating: 4.6 / 5.0


This high-yield online savings account from First National Bank of Omaha offers competitive interest, no monthly fees and ATM access. But check deposits could take up to 10 days to clear and customer service is limited.






Minimum deposit to open


Annual percentage yield (APY)0.90%
Minimum deposit to open$1
Minimum balance to earn interest$0.01
Interest compoundingDaily
Monthly transaction limit6

Review by

Shannon Terrell is an editor for Finder who has written over 400 personal finance guides. With a focus on investments and personal finance, she breaks down jargon-laden topics to help others make informed financial decisions. She studied communications and English literature at the University of Toronto.

Expert review

The FNBO Direct Online Savings account is best for those looking for a high-yield savings account. The account offers a competitive 0.9% APY and ATM access.

But you can’t make any international wire transfers and check deposits could take up to 10 days before appearing in your account.

How do I open a FNBO Direct Online Savings account?

  1. Go to the provider’s site and follow the steps to apply.
  2. From FNBO’s website, click Start saving.
  3. Enter your full name, Social Security number, date of birth, phone number and email address. Click Next step.
  4. Enter your residential address, driver’s license or state ID and employment information. Review FNBO’s account disclosures, agreements and terms and conditions. Click Next step.

Make a deposit of at least $1 to fund your FNBO Direct Online Savings account. You can make a deposit by electronic funds transfer or by mailing a personal check to:

FNBO Direct
PO Box 3707
Omaha, NE 68103-0707

Your ATM card should arrive by mail within seven to 10 business days.


To be eligible for this online savings account, you’ll need to meet the following criteria:

  • US citizen
  • At least 18 years old
  • Social Security number or Tax ID number
  • Valid driver’s license or state ID
  • Valid bank account
  • Initial deposit of at least $1

Required information

Have the following information ready before you begin your application:

  • Name, date of birth and residential address
  • Contact information
  • Employment information
  • Social Security or tax ID number
  • Driver’s license or state ID
  • External bank account number and routing number of funding account

What are the benefits of a savings account with FNBO Direct?

In addition to no minimum balance requirements and mobile banking, the FNBO Direct Online Savings account comes with the following:

  • Competitive APY. Grow your savings with a respectable 0.9% APY on any amount you deposit.
  • $1 opening deposit. You only need a dollar to open this account.
  • Pay digitally. This savings account is compatible with Apple Pay, Samsung Pay and Visa Checkout.
  • No monthly fees. No need to worry about monthly maintenance fees pairing down your savings — this account doesn’t have any.

What should I look out for?

Aside from ATM fees at non-FNBO ATMs and the standard six-transfer monthly limit, be mindful of the following:

  • No international wire transfers. This account offers $15 domestic wire transfers, but no international wire transfers.
  • Hold on deposits. Electronic transfers take up to three days to post to your account and check deposits may be held for up to 10 business days from the date it’s deposited.
  • No in-person support. FNBO Direct is an online bank, which means customer support is limited to telephone and email inquiries.

If you frequently send or receive international wire transfers, you’ll want to keep looking. As always, compare your options when choosing a savings account.

Compare with other savings accounts

Name Product Annual percentage yield (APY) Fee Minimum deposit to open
Aspiration Spend & Save Account
Finder Rating: 4.2 / 5: ★★★★★
Aspiration Spend & Save Account
$0 per month or $7.99 per month for Aspiration Plus ($5.99 per month if you pay annually)
Deposits are fossil fuel-free. A spend and save combo account with unlimited cash back rewards and deposits insured by the FDIC and a $100 bonus when you spend $1,000 in your first 60 days.
Quontic Bank High Yield Savings
Finder Rating: 4.6 / 5: ★★★★★
Quontic Bank High Yield Savings
Interest is compounded daily. No monthly service fees. Competitive rates
Axos Bank High Yield Savings
Finder Rating: 4 / 5: ★★★★★
Axos Bank High Yield Savings
No monthly maintenance fees. No minimum balance requirements. Interest compounded daily.
American Express® High Yield Savings
Finder Rating: 4.6 / 5: ★★★★★
American Express® High Yield Savings
Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.
Gemini Earn
Gemini Earn
Up to 8.05%
Watch your cryptocurrency earn up to 8.05% APY with this nationwide account. Not FDIC insured.
Ponce Bank Money Market Deposit
Finder Rating: 4 / 5: ★★★★★
 Ponce Bank Money Market Deposit
Ponce Bank Money Market Deposit account, offered through SaveBetter, has a $1 opening deposit and earns 0.41% APY.

Compare up to 4 providers

How do I deposit or withdraw my money?

There are a number of ways to tap into your savings with this online account:

  • Online deposit. Electronically transfer funds between account.
  • Mobile check deposit. Snap a photo of your check and deposit it to your account using the FNBO Direct mobile banking app.
  • ATM. Withdraw up to $1,000 a day over the course of five separate transactions with your ATM card from FNBO.
  • Wire transfer. Outgoing domestic wire transfers are subject to a $15 fee, but international transfers are not permitted.
  • Mail. Make a deposit to your account by mailing a check to FNBO.
  • Digital payments. This account is Popmoney, Apple Pay, Samsung Pay and Visa Checkout compatible.

What other savings options does FNBO Direct offer?

FNBO Direct has two other financial products designed to help you save:

  • CDs. FNBO certificates of deposit offer terms of up to 60 months and 0.16% to 1.15% APY, but you’ll need a $500 minimum balance to earn interest.
  • 529 College Savings. Designed to help you save for your child’s future, the NEST 529 College Savings Plan offers no account fees, no minimum contribution amount and federal tax-advantaged investing opportunities.

Frequently asked questions

Savings account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.

Read the full methodology of how we rate savings accounts.

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