FNBO Direct Online Savings Account Rates
February 24, 2010 by · Leave a Comment
Many banks now offer online savings accounts that usually have a very good interest yield, and FNBO Direct is one of the best. But it is not only the best because they offer a high yield on your deposits but because they also make it very easy to access your account online, or at an ATM. In addition to this they have been noted for having some of the safest online savings rates with great customer service.
The average rate for an FNBO Direct online savings account is about 3% on deposits. This is typically higher than a traditional account since almost everything is done online with your account. This brings down the bank’s costs and they are able to offer you higher interest rates on your deposits.
It is important to keep in mind that this 3% rate is just the average and could be higher or lower at any given time. FNBO Direct track’s the national markets and raises or lowers their online savings account rates accordingly. This means that the annual percentage rate will fluctuate over time, but overall the result will be very favorable. For example this month the rate may be a 1.25% but in a few months it could be up to 2.5%, depending on how the market behaves.
Historically FNBO Direct has one of the best interest rates offered for online savings accounts.
In addition to having one of the best rates in the business, they make it easier to have access to your money at all times. When the online savings account is first opened, you are given the option to have an ATM card.
This will allow you to check your balance or get your money whether you have Internet access in that moment or not. Also their customer service will never subject you to a recorded message telling you to call back later. Even at 3 in the morning, your account questions or problems will be handled immediately.
The bank is also privately owned, which means they can more easily protect your money if federally controlled banks are having trouble. There are numerous reasons to open up an online savings account with FNBO Direct, and their interest rates are just the first reason of many.
