FNBO Money Market Account – secure and competitive
First National Bank of Omaha or FNBO is a holding of First National of Nebraska. Recognized as the largest privately owned bank in the country, FNBO has over 5,000 employees and managed assets of nearly $20 billion. If you are searching for a safe and secure place to deposit your money for investment purposes you definitely won’t go wrong with a money market account with FNBO.
- FNBO is the largest privately owned bank in the country
FNBO permits customers to open a Customer First Money Market account with a minimum deposit of $100. The Customer First Money Market account includes unlimited free ATM withdrawals and no monthly fee for your account if you keep a minimum daily balance of $5000. Additionally these money market accounts are insured through the FDIC (Federal Deposit Insurance Corporation) up to $250,000.
Money market accounts work very similar to a checking account while earning a much higher rate of interest and FNBO is not an exception. Along with ATM withdrawals from your FNBO money market account you can write checks. Your first order of checks is free of charge.
FNBO is delivering tiered money market accounts. As your money market account balance increases, so does your APY rate of interest. The interest rates offered by the lender are more than competitive for their customers. They don’t necessarily have the highest rates in the marketplace today, but you are earning a competitive rate.
Interest Rate APY Account Type Min Deposit Minimum Balance for APY
0.45% 0.45% Customer First Premier $100 $100,000 & above
0.45% 0.45% Customer First Premier $100 $25,000 to $99,999
0.35% 0.35% Customer First Premier $100 $5,000 to $24,999
0.30% 0.30% Customer First Premier $100 $0 to $4,999
FNBO is offering a bonus option for their money market customers that can deliver a slightly higher APY rate of interest. A Premier checking account combined with their Customer Premier money market account will earn you a higher APY. The best money market account rate available with a combination of both accounts could be as high as .60% with a balance of $100,000 or more.
Although FNBO doesn’t afford the topmost interest rate in the marketplace today for money markets, they do make up for this in a very low initial deposit, free checks, free ATM withdrawals and the opportunity to increase your APY with opening a Premiere checking account.
By combining your money market account with checking account, you can go as high as .60% with a balance of $100,000 or more.
Other advantages to opening a money market account with FNBO is the stability of the lender as demonstrated with recognitions and rewards they have received over the years from terrific sources such as Fortune magazine, Working Mother and Computer World. They have a website with security that is above average.
If you are searching for security and easy access to your funds as priority, more so than the highest interest rate in money markets today, FNBO may be the institution for your investment fund needs.