FNBO or First National Bank of Omaha, a subsidiary of First National Bank of Nebraska, started as a local bank serving the Omaha community. Today, the First National Bank of Nebraska is the largest privately held bank in the country. FNBO Direct offers several banking options to customers around the country. These include online savings accounts, online bill pay, online CD purchase and management and credit cards. You will also find a number of helpful calculators on FNBO Direct, including budgeting, home and auto finance and savings calculators.
Saving with First National Bank of Omaha online offers some distinct advantages. You can set up your account easily and activate it as soon as you are approved. There is no minimum required balance on an FNBO savings account and there are no associated monthly fees. This is a great option if you want to make money off your money, as the interest rate is four times higher than a standard savings account. You will use one account to set up the initial funding for your online savings account; however, you can add two more funding sources once your account is activated. This makes it easy to transfer funds in and out of your savings.
You can even use your FNBO savings account for bill paying, either transferring funds or opting for direct deposit of your paychecks. First National Bank of Omaha offers a well managed and organized online billpay service to its savings clients. Simply transfer funds from your online savings to your online billpay account. Pay your bills and allow the rest of your money to continue earning interest. You will also receive an FNBO Visa check card to use at ATMs and as a debit card at locations around the country.
Another advantage to your First National Bank of Omaha savings account is the ability to purchase Certificates of Deposit. There are four term and rate options available, so one is likely right for your savings needs. You can quickly and easily take care of the purchase online, making it convenient to manage your money.
Cashback rewards on the affiliated credit card deposit directly into your online savings account. The FNBO credit card offers 2% cashback for the first 12 months and a 7.99% APR. Cashback rewards can be transferred directly to your savings when they reach $25.00. After the introductory period, this Visa card offers a 1% cashback reward.