FNBO 60 Month CD Rates 4%

author — Thu, 16 Apr 2009 13:02:58 +0000

For a few days now, the First National Bank of Omaha (FNBO) has had a CD rate of 4% advertised. Of course, we here at Best CD Rates Today had to look at that for you. The FNBO 60 month CD rates 4% news is amazing.

The FNBO 4% CD is a long-term, five year certificate of deposit. It has a minimum deposit of only $500 to open, however, and can be opened online. It’s available to anyone in the U.S. and the daily balance method is used to calculate returns.

The CD rate of 4% is the annual percentage yield (APY) on the account. So that $500 you deposit would be over $608 after the FNBO 60 month CD rates 4%. The actual interest rate is 3.87%, which yields 4.0% APY.

It should be noted that these are (technically) “callable” CDs, which means that FNBO CD accounts can be closed by the bank at any time with 30 days’ notice by accelerating the maturity. So your return is not necessarily guaranteed for the entire 60 months, though FNBO has never used this option in their history.

All FNBO CD accounts are FDIC insured and this CD rate of 4% could change at any time. So if the FNBO 4% CD is right for you, act fast.

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FNBO 60 Month CD Rates 4%