Comments on: FNBO Direct Drops Interest Rate to 2.8% APY http://www.consumerismcommentary.com/2008/12/23/fnbo-direct-drops-interest-rate-to-28-apy/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Gene http://www.consumerismcommentary.com/2008/12/23/fnbo-direct-drops-interest-rate-to-28-apy/#comment-187757 Gene Mon, 02 Feb 2009 18:16:14 +0000 http://www.consumerismcommentary.com/?p=4894#comment-187757 Well, they're down to 2.6 now. And I just opened up an account with them one week ago. Well, they’re down to 2.6 now. And I just opened up an account with them one week ago.

]]> By: Miss M http://www.consumerismcommentary.com/2008/12/23/fnbo-direct-drops-interest-rate-to-28-apy/#comment-186934 Miss M Mon, 29 Dec 2008 00:18:28 +0000 http://www.consumerismcommentary.com/?p=4894#comment-186934 I'm still happy with FNBO but boy do I long for the good old days. In the current environment they couldn't keep offering such high rates, now I'm wondering when ING will budge. There is virtually no difference between the two now, 2.75% vs 2.8%. I’m still happy with FNBO but boy do I long for the good old days. In the current environment they couldn’t keep offering such high rates, now I’m wondering when ING will budge. There is virtually no difference between the two now, 2.75% vs 2.8%.

]]> By: smartsaver44 http://www.consumerismcommentary.com/2008/12/23/fnbo-direct-drops-interest-rate-to-28-apy/#comment-186858 smartsaver44 Fri, 26 Dec 2008 15:57:42 +0000 http://www.consumerismcommentary.com/?p=4894#comment-186858 Was thinking about FNBO but I'm very happy with WTDirect (www.wtdirect.com). They have always given me a consistently high rate which is 3.06% right now -- I don't have to worry about rate chasing. Their customer service superior to all online savings accounts including FNBO. They have a promotion going on now but I don't qualifiy since I'm an existing customer. Was thinking about FNBO but I’m very happy with WTDirect (www.wtdirect.com). They have always given me a consistently high rate which is 3.06% right now — I don’t have to worry about rate chasing. Their customer service superior to all online savings accounts including FNBO. They have a promotion going on now but I don’t qualifiy since I’m an existing customer.

]]> By: Eric N. http://www.consumerismcommentary.com/2008/12/23/fnbo-direct-drops-interest-rate-to-28-apy/#comment-186840 Eric N. Wed, 24 Dec 2008 01:56:28 +0000 http://www.consumerismcommentary.com/?p=4894#comment-186840 Thought about leaving ING for FNBO but had a nagging feeling all banks will eventually drop their rates and it's not worth the hassle like in Pat's case. Makes me feel better I didn't jump ship actually. Thought about leaving ING for FNBO but had a nagging feeling all banks will eventually drop their rates and it’s not worth the hassle like in Pat’s case. Makes me feel better I didn’t jump ship actually.

]]> By: Bill M http://www.consumerismcommentary.com/2008/12/23/fnbo-direct-drops-interest-rate-to-28-apy/#comment-186821 Bill M Tue, 23 Dec 2008 20:14:55 +0000 http://www.consumerismcommentary.com/?p=4894#comment-186821 I keep my savings at E*Trade, was paying 3.30, now 3.01% and very happy customer, very fast transfers. I keep my savings at E*Trade, was paying 3.30, now 3.01% and very happy customer, very fast transfers.

]]> By: Infidel http://www.consumerismcommentary.com/2008/12/23/fnbo-direct-drops-interest-rate-to-28-apy/#comment-186818 Infidel Tue, 23 Dec 2008 19:43:27 +0000 http://www.consumerismcommentary.com/?p=4894#comment-186818 Pat M, gmacbank dot com is still offering 3.75% APY as of today, 12/23. I have no idea how long that will last, but it might be worth taking a look. Pat M, gmacbank dot com is still offering 3.75% APY as of today, 12/23. I have no idea how long that will last, but it might be worth taking a look.

]]> By: Flexo http://www.consumerismcommentary.com/2008/12/23/fnbo-direct-drops-interest-rate-to-28-apy/#comment-186816 Flexo Tue, 23 Dec 2008 18:55:27 +0000 http://www.consumerismcommentary.com/?p=4894#comment-186816 Pat: I agree, some advice notice would have been nice. I didn't receive the graphics with the new rate until a few minutes ago, so the old ads will be replaced tonight. Pat: I agree, some advice notice would have been nice. I didn’t receive the graphics with the new rate until a few minutes ago, so the old ads will be replaced tonight.

]]> By: Pat M http://www.consumerismcommentary.com/2008/12/23/fnbo-direct-drops-interest-rate-to-28-apy/#comment-186815 Pat M Tue, 23 Dec 2008 18:52:06 +0000 http://www.consumerismcommentary.com/?p=4894#comment-186815 I just had a rather large sum of money transferred from one of my other accounts into FNBO yesterday. I made the decision to do it only after careful consideration of the difference in interest rates, the time I plan on having the money in the account before spending it and the fee imposed by the other bank for having it transferred. The math made sense at the 3.25% rate, yet it doesn't at 2.8%. Quite a difference 24 hours makes. Wish FNBO gave some advance warning on when these rate changes will be happening. And for some added irony, I'm typing this while looking at an ad on the right side of this blog for a 3.25% FNBO online savings account. I just had a rather large sum of money transferred from one of my other accounts into FNBO yesterday. I made the decision to do it only after careful consideration of the difference in interest rates, the time I plan on having the money in the account before spending it and the fee imposed by the other bank for having it transferred. The math made sense at the 3.25% rate, yet it doesn’t at 2.8%. Quite a difference 24 hours makes. Wish FNBO gave some advance warning on when these rate changes will be happening.

And for some added irony, I’m typing this while looking at an ad on the right side of this blog for a 3.25% FNBO online savings account.

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