We talked about FBNO Direct offering some of the highest interest savings accounts back in March. Today they are still offering some of the most competitive online savings rates at 1.10% APY. This is down 0.15% in 3 months or since our last post.

Signing up will take about 10 minutes using their online form and will require a form of identification, drivers license, employment information and a bank account to transfer funds from.

Their savings accounts come with no minimum balance; no fees and you can manage your account easily online. Current savings rates can be view from their site here.

All deposits up to $250,000 are insured by the FDIC.

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