Compound Interest Calculator
Savings Account from FNBO Direct with 3.00% APY and $1 minimum deposit
Use or Change These Amounts and Rates
The product Savings Account from FNBO Direct with 3.00% APY and $1 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $26,878. The interest earned would be $6,878 and the tax amount on the interest earned would be approximately $2,063.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
The Results for FNBO Direct
Savings Boost of
$4,485 over 10 years
$4,485 over 10 years
Cash Savings
$20,000
Average Interest Earned
$330
FNBO Direct Interest Earned
$4,815
See comparison detail table
This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.
Comparison Detail Table Close X
Average Rate Scenario
| Rate: 0.23% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 47 | 33 |
| 2 | 20,047 | 47 | 33 |
| 3 | 20,093 | 47 | 33 |
| 4 | 20,140 | 47 | 33 |
| 5 | 20,187 | 47 | 33 |
| 6 | 20,234 | 47 | 33 |
| 7 | 20,281 | 47 | 33 |
| 8 | 20,328 | 47 | 33 |
| 9 | 20,376 | 47 | 33 |
| 10 | 20,423 | 48 | 33 |
| TOTAL: | $471 | $330 |
FNBO Direct Scenario
| Rate: 3.00% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 600 | 420 |
| 2 | 20,600 | 618 | 433 |
| 3 | 21,218 | 637 | 446 |
| 4 | 21,855 | 656 | 459 |
| 5 | 22,510 | 675 | 473 |
| 6 | 23,185 | 696 | 487 |
| 7 | 23,881 | 716 | 502 |
| 8 | 24,597 | 738 | 517 |
| 9 | 25,335 | 760 | 532 |
| 10 | 26,095 | 783 | 548 |
| TOTAL: | $6,878 | $4,815 |
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The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.
Recent Rate Changes
| Date | APY |
|---|---|
| October 6, 2025 | 3.00% |
| September 13, 2025 | 3.25% |
| May 16, 2025 | 3.35% |
| March 24, 2025 | 3.60% |
| November 18, 2024 | 3.90% |
| November 18, 2024 | 4.25% |
| October 28, 2024 | 4.25% |
| April 22, 2024 | 4.75% |
| August 20, 2023 | 5.15% |
Featured CD Rates
Advertiser Disclosure| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.50% | $100,000 |
Learn More on the North American Savings Bank, F.S.B. website |
|
|
Take your savings to the next level with our 12-month online CD special! 12-Month |
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|
|
4.95% |
$10,000 |
Learn More | |
|
Last change: ↑0.45% on October 1. |
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|
|
4.85% |
$10,000 |
Learn More | |
|
Last change: ↑0.35% on October 1. |
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|
|
4.80% |
$10,000 |
Learn More | |
|
Last change: ↑0.30% on October 1. |
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|
|
4.65% |
$1,000 |
Learn More | |
|
Last change: ↑0.35% on September 25. |
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Customer Reviews for FNBO Direct (5)
1.0 out of 5 based on 3 ratings
NRB
March 14, 2018 | | Replies 1
Poor service. Condescending attitude.
Savings application denied without giving reason (Equifax file had a freeze because of hacking history) and not advising customer of need to unfreeze credit file for application verification).
Is this review helpful? Yes:3 / No: 0
Chandra | Mar 14, 2018
I had a similar experience. My application did not get processed when I applied for my FNBO direct account. First site said someone will contact me by phone or email. Then, I received an email asking me to complete my application process, but when I logged in, there was nothing for me to complete. I called customer service, they said they have to review it by hand, it will take 48 hrs to see what is missing. 48 hrs passed - no email or phone call. I called customer service back talked to the manager, who said he would send the document again to the department that process this application. I was told I need to fax or mail address proof, I faxed address proof. They cannot even confirm if they received my fax yet, let alone the status of the application. Horrible service. Stay away from this bank. I am regretting for even applying here.
Rich C
February 26, 2018 |
This is a very poorly run online bank. I have followed the area and the bank for years and ordinarily this one is not rate competitive. They may have recently raised to 1.60%, but when rates are 2% in 3 months, they will still be at 1.60%. Consider that. Consider the hard credit pull. Then move along.
Is this review helpful? Yes:2 / No: 0
Avoid like the Plague
January 14, 2018 |
Did a hard credit pull a rejected me. Choose a different bank from this list.
Is this review helpful? Yes:2 / No: 0
Smitty-J
May 2, 2016
All I can say is that these guys rejected me for a savings account. They rejected me for a savings account?1?
Is this review helpful? Yes:5 / No: 0
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