FNBO Direct Increases Savings Account Rate by 30 Percent

FNBO Direct, the online bank division of First National Bank of Omaha, is bucking the downtrend of lower savings account rates by announcing an increase in the rate the bank pays on its online savings account. On a percentage basis FNBO Direct is increasing their online savings account rates by just over 30 percent. The actual savings rate increase is 20 basis points to 0.85 percent from 0.65 percent.