FNBO Review: Checking, Savings and CDs

Tony Armstrong
By Tony Armstrong 
Edited by Yuliya Goldshteyn

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First National Bank of Omaha

    Overall institution rating


    NerdWallet rating 
    The bottom line:

    Little distinguishes FNBO (aka First National Bank of Omaha, whose holding company is First National Bank of Nebraska) from other banks, and that’s both good and bad. Its interest rates are lower than the national average, but you won’t pay a fee to have a basic checking or savings account. Its service area is also on the small side, including branches in Colorado, Illinois, Iowa, Kansas, Nebraska, South Dakota and Texas. Depending on where you live, you might not be eligible to open some of its accounts. In that case, consider , which is online only.

    Best if: You live near one of its branches and just want somewhere to park your money without having to pay fees or meet balance requirements.


    • No monthly fees.
    • Large, free, nationwide ATM network.
    • No minimum opening deposits on checking and savings accounts.
    • 24/7 customer service by phone.
    • Low minimum opening deposits on CDs.


    • Expensive overdraft fee.
    • Low rates on savings accounts and CDs.
    • Limited branch access.


    NerdWallet’s overall ratings for banks and credit unions are weighted averages of several categories: checking, savings, certificates of deposit or credit union share certificates, banking experience and overdraft fees. Factors we consider, depending on the category, include rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service and innovation. The stars represent ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star. How we rate banks, credit unions and other financial service providers.