FNBO Direct

FNBO Direct is the high yield savings account offered by First National Bank of Omaha, a bank that was established in 1857 and is FDIC insured. FNBO Direct offers an interest rate of 3.50% APY, 9x the national average, and has no minimum balance requirements, no fees, and no catches!

Details:
- 3.50% APY Interest Rate
- 9X the national average
- First National Bank of Omaha, established 1857
- $1 to open, no minimum balance
- No monthly fees
- Online BillPay access!
- FDIC Insured (Cert. #5452)

Check out this FNBO Direct review!

How To Pick An Online Bank
Does the prospect of putting your funds in an online bank scare you? It's ok, putting your money in an entirely online bank is a little scary for everyone but if you look for a few things, you can make it a perfectly safe process.

1. FDIC Insured. Make sure that the bank is FDIC insured, you can double check that with the FDIC's Bank Finding tool. Never put your funds in a bank that isn't insured.

2. Check Reviews. Bankrate rates banks on a quarterly basis with their Safe & Sound ratings, check that to see if the bank is solvent. Even if it has a bad rating, remember it's FDIC insured so it's still OK.

3. Find One With Physical Locations If you don't like the prospect of an entirely online bank, find one with physical locations to assuage your fears. Washington Mutual and these best interest rate banks list is a great place to start.