FNBO Direct
Article Submitted By: BestCash Admin
The place to discuss FNBO Direct. Please post your comments or questions below.
FNBO Direct is the high yield, online division of First National Bank of Omaha, which is in iteself a subsidiary of First National of Nebraska. First National of Nebraska has more than $20 billion in managed assets, approximately 7,500 employees in 35 states.
All accounts at FNBO Direct are FDIC insured.
Comments
Nerd #3, September 18, 2009
Hey, let's just use the comment section to log the Fed's Fund rate adjustments.
ed b, May 18, 2009
just notified down to 1.65%. maybe try ally bank at 2.25%
Dear Rob, January 26, 2008
Are you a complete moron? FNBO is a decent bank with competitive rates. They could use more customer friendly features.
Rob Lowe, December 28, 2007
I'm still not sure what they are about. FNBODIrect a sub of First National Bank of Omaha. First National Bank of Omaha a sub of First National Bank of Nebraska. Does Nebraska really exist?
fcs, September 07, 2007
Very good rate while it lasts. I have had no problems with FNBO. It has been my experience that ACH transfers take three business days so make sure you deposit on monday or tuesday for your money to reach your destination by friday assuming there are no bank holidays in between. You don't want your transfer to lapse into a weekend for obvious reasons. You always have the option to choose when your money should leave your outgoing account. Also if you expect to transfer a lot of money wire it intead of an ACH transfer. It will cost you $20 but funds will be there in hours.
dk, August 21, 2007
Good website, decent security, slow transfers. Hard to beat 6% for a savings account!
Phillip, August 10, 2007
I opened an FNBO account at the beginning of August in order to get the 6% apy for the remaining 2 months. My main problem with them is that they are slow with ACH transfers. For example, I recently transferred from my checking account which showed the money leaving on the 8th. FNBO shows this money as being deposited on the 10th. I can't quite recall how long other savings accounts take to deposit, but I do know that when I pulled my money from my Emigrant Direct account, the date of pull from ED and the date of deposit to my checking account matched. I have no experience with withdrawing money as of yet. To anyone opening an account, I do believe that the opening 1 dollar deposit I made also lost the same 2 days of interest going from checking to FNBO. Also, after making that initial deposit, you will have to wait until FNBO posts that (it took about a week? for me) before you will be able transfer again. Thus, it may make sense to open the account with your full amount. After 9/28/07 the rate will most likely drop back down to 5.25% apy which was their previous rate before this promotion.
Anonymous, July 17, 2007
Moved from BestCashCow Message Board: star Join Date: 5/7/2007 Thumbs down. FNBO is slow with ACH transfers So, when you open an account, use an initial deposit of $1 or $100 rather than the entire 100k that you may be tempted to park with them. No experience yet on later deposits and their holds, but understand that checks are faster than ACH in terms of being deposited and earning interest in your FNBO account.
Anonymous, July 17, 2007
Moved from the BestCashCow Message Board: Dawk1136 Post Date: Jun 21 2007 Default FNB Direct. Great results. Tax question I live in Pennsylvania, and a few months ago I opened an FNBO account. I have $25,000 with them, gradually transferred my money over. The interest is adding up nicely. Haven't had any problems with FNB at all. I went with them before they went to the 6.00% interest, so much to my surprise when I got on and saw my interest rate raised. Now, my question is, how does a savings account work with taxes. I had a local savings account and i didnt make crap off of it, so it didnt affect my taxes. What do i do when i'm making $1200 a year of interest? How much do i lose to taxes and how do i submit that? Thanks
