Just a short note to log that FNBO Direct dropped their online savings account’s APY to 1.50% on June 22, 2009. FNBO’s previous rate change was to a 1.65% APY on May 18, 2009, so they’re continuing their downward trend which has been going on ever since we opened our account with them in late 2008.
FNBO Direct is currently paying the exact same APY as ING Direct’s savings account. This is the first time I can remember this happening. Is something going on at FNBO? Or is ING trying to keep ahold of, or even attract, deposits by maintaining rates higher than they otherwise would?
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small business 401k //
2010.08.12 at 4:08 pm
A refreshing point of view written in a compelling and interesting way. Nice.