FNBO Direct Drops Interest Rate to 2.4% APY
by Flexo on February 24, 2009
in Banking
I received the bad news earlier today. Continuing the trend across the banking industry, FNBO Direct has determined that it can afford to lower the interest rate offered on the bank’s savings account from 2.6% to 2.4% APY. Compared to many other popular online banks, this rate is still very competitive, and I can practically guarantee that it beats leaving your cash in a typical brick-and-mortar savings account. A few months ago, Kiplinger rated FNBO Direct as the best online savings account.
WTDirect has also dropped its interest rate to yield 2.16%. The catch with this account is that customers need a balance of at least $10,000 in the account before qualifying for this rate.
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Tagged as:
Banking,
fnbo direct,
interest rates,
savings account

About the Author
Flexo, the owner and creator of Consumerism Commentary, has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow him on Twitter.
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