7-Month CD
0.00
%
APY*
With an FNBO Premier Checking Account and a minimum CD balance and opening deposit of $500.
Give your savings a
Great Big Boost.
Apply in Branch
* Annual Percentage Yield accurate as of 04.30.2025. Rates vary by term, only available in the Wyoming market.

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Flex Savings FAQs

A Flex Savings Account typically offers higher interest rates for a set lock period while a traditional savings account may offer a lower interest rate but there is no set lock period. The minimum deposit to open a Flex Savings Account is $1,000 while there is no minimum deposit to open a FNBO traditional savings account. With a Flex Savings Account you get 2 free withdrawals per month whereas you get 6 per month with a Traditional Savings account.

Flex Savings allows more liquidity with withdrawals, while CDs lock funds for set terms.

Interest begins to accrue on the business day that credit is received for non-cash deposits or collected balances. It is calculated using the daily balance method, applying a daily rate to the account's principal balance. Interest is compounded and credited monthly. To earn the disclosed Annual Percentage Yield (APY), the required minimum balance must be maintained daily as noted on the rate sheet. Both interest rates and APYs can change at the bank's discretion. Fees may reduce earnings, but accrued interest will be paid without penalty upon account closure.

The interest rate is fixed, locked for 3-months. Upon expiration of the rate lock, you must contact FNBO to re-lock your account. If you do not contact FNBO to re-lock your account at that time, the rate will be lowered to the "Base Rate" as published on the Rate Sheet applicable at that time. It will remain at the "Base Rate" until you contact us to request a new rate lock. You can request a rate lock at any time for a new 3-month period at the then applicable "Lock Rate." To receive the locked rate, an FNBO checking account is required. If the checking account is closed during the rate lock period, the Premier Flex Savings rate may be lowered to the then applicable "Base Rate" as published on the Rate Sheet applicable at that time.

There are no fees with a $1,000 minimum balance.

There is a $1,000 minimum daily balance requirement to avoid a monthly maintenance fee.

Interest on the FNBO Flex Savings Account is compounded and credited monthly. For more detailed information, you can review the full disclosure here.

Two free withdrawals per month; $25 fee per withdrawal thereafter.

Yes, The Flex Savings Account is FDIC-insured which means each depositor of FNBO is insured up to $250,000 per ownership category.

You can access your funds in the FNBO Flex Savings Account through digital banking, ATMs, or in-branch services. Additionally, you are allowed two free withdrawals per month.

Not at this time. Please visit your nearest branch location.

FNBO provides robust security measures like end-to-end encryption, multi-factor authentication, and continuous monitoring to protect your financial information and assets.

Certificate of Deposit FAQs

A Certificate of Deposit (CD) is a type of savings account that provides a higher interest rate than a traditional savings account in exchange for your agreement to keep your money deposited for a specific term. CDs are FDIC-Insured, making them a place to save your money and you'll know exactly how much interests you'll earn over the CD term. However, if you withdraw your money before the CD's maturity date, you'll have to pay a penalty. CDs are a good option if you want a higher interest rate, and don't foresee needing access to your money within your chosen term.

CDs offer higher interest rates than regular savings accounts but require you to commit your money for a specific period. This makes them ideal for funds you won't need soon, like those earmarked for a down payment or a vacation. Savings accounts provide easy access to your money but typically have lower interest rates. They're perfect for your emergency fund or money you might need for upcoming expenses. To maximize your earnings while maintaining flexibility, consider using both CDs and savings accounts. For instance, keep your emergency fund liquid in a savings account and invest money for long-term goals in CDs.

When your CD reaches its maturity date, you have a few options:

  • Withdraw your money 
  • Rollover to a new CD: You can roll over to a new CD with different terms/rates.
  • Do nothing: You will have 10 calendar days after the maturity date to withdraw funds without penalty. The account will not renew if you withdraw the funds on the maturity date or if we receive written notice from you on or before the maturity date of your intention not to renew.

If you withdraw before your CD matures, a penalty may be assessed. The penalty amount depends on the term length, and how early you withdrawal. If you are worried you may need to access your money during your chosen term, you may want to consider a traditional savings account.

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A Guide to your Flex Savings Account (PDF)

View Deposit Agreement (PDF)

* Premier CD Annual Percentage Yield accurate as of 04.30.2025. FNBO Premier Checking Account and a minimum CD balance and opening deposit of $500 required to obtain rate. FNBO Premium Business Checking, Premium Business Checking with Interest, or Analyzed Checking with Interest, and a minimum CD balance and opening deposit of $500 required to obtain rate.

1 CD accounts will automatically renew at maturity. You will have 10 calendar days after the maturity date to withdraw funds without penalty. This account will not renew if you withdraw the funds on the maturity date or if we receive written notice from you on or before the maturity date of your intention not to renew.

2 You will be notified at maturity; a penalty may be assessed for early withdrawal. Fees could reduce earnings.

3 Deposit rates may change daily; the Lock Rate will not change during the rate lock period. Fees may reduce earnings.

4 Flex Savings allows you to lock the rate and Annual Percentage Yield on this account for 3 or 6 months. Renewal notices are not sent out for this product; upon expiration of the rate lock, you must contact FNBO to re-lock your account. If you do not contact FNBO to re-lock your account at that time, the rate will be lowered to the "Base Rate" as published on the Rate Sheet applicable at that time. It will remain at the "Base Rate" until you contact us to request a new rate lock. You can request a rate lock at any time for a new 3 or 6-month period at the then applicable "Lock Rate." To receive the locked rate, an FNBO checking account is required. If the checking account is closed during the rate lock period, the Flex Savings rate may be lowered to the then applicable "Base Rate" as published on the Rate Sheet applicable at that time. A penalty may apply for early closure of this account.

5 Each subsequent withdrawal will be charged an excessive withdrawal fee of $25. A surcharge may be assessed when using other bank ATMs and ATMs not operated or contracted by First National Bank of Omaha.