FNBO Direct Online Savings Account at 1.50%APY

Online savings account are still the safest way to stash away funds though online savings account rates are down these days.

Those comfortable banking online however can switch to online banking which offer much better rates considering its low overhead costs. For example, FNBO Direct online savings account at 1.50%APY is competitive and above the national average. It’s been rated Kiplinger’s best online savings account too and has Four Star Safe and Sound Rating from Bankrate.com for the 3rd Quarter of 2008.

Minimum amount to open the account is only $1.00 with no minimums and monthly fee requirements. APY is accurate as of July 1, 2009.

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Tags: online savings account