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Vio Bank

High-Yield Savings Account
Vio Bank offers savings, money market, and certificate of deposit accounts with competitive rates to help you save more money for your future.

Overview

Vio Bank is the online banking division of MidFirst Bank in Oklahoma, an FDIC member bank that offers a range of accounts to help you save for the future. It offers a high-yield savings account, a money market account, and a certificate of deposit account with terms between 6 and 120 months. With some of the best interest rates in their savings accounts, Vio Bank is a good option if you want an online savings account but don’t need a checking account.

Vio Bank: Save for Your Future

Vio Bank’s online savings accounts have a very competitive APY, one of the highest in the U.S., that is available for any account balance and no monthly fees. Since the online bank does not offer ATMs or branches, you want to use a Vio Bank online savings accounts to deposit your money and let it grow. It does not accept cash deposits, but you can set up automated ACH transfers or use mobile check deposits as ways to add money into your savings account. Also is worth noting that Vio Bank does not offer debit cards or checks for your accounts.

Apart from mobile deposits, you can also access your accounts at any point through the Vio Bank mobile app. The app also provides you with savings tools, like savings calculators to determine how much you should be saving to meet your saving goals or how much your savings will be worth in the future.

Vio Bank: Savings, Money Market and CD Accounts

With a very competitive annual percentage yield on Vio Bank savings accounts, you can open a Vio Bank account with a low opening minimum, no monthly fee, or a certificate of deposit with different terms from 6 to 120 months. Some fees they do charge include $5 per month to access paper statements, $10 per transaction over your six free withdrawals, and early withdrawal penalty fees on the CD accounts that vary depending on the term.

High Yield Savings Account

Vio Bank’s high-yield online savings account offers one of the most competitive rates in the U.S. that is compounded daily to help you grow your money faster. The account requires only a $100 minimum deposit to open, has no monthly fees, and allows you up to six free withdrawals per monthly statement cycle, giving you the flexibility o access your money.

Money Market Account

You can easily open a Money Market Account online with Vio Bank, giving you one of the best interest rates in the nation for your savings while also providing you with the flexibility to access your money if you need it. The interest rate is compounded daily for this account, and you get six free withdrawals per monthly statement cycle. The money market account has a minimum deposit of $100 to open and no monthly fees. You can set up automatic transfers to meet your savings goals from the online banking platform or the mobile app.

Certificate of Deposit Accounts (CD)

Vio Bank’s APY for their CD is one of the highest in the U.S., offering a wide range of CD terms, ranging from 6 months to 10 years. With only a minimum deposit of $500 to open an account, Vio Bank’s certificate of deposit compounds interests daily to help you grow your savings. The penalties for an early withdrawal depend on the term length.

Start Saving With Vio Bank

As an online bank, Vio Bank offers all its banking services online through their free online banking. You can also use the Vio Bank mobile app to manage all your accounts from anywhere. They offer broad customer service hours on the phone, on weekdays from 7 a.m. to 9 p.m. Central, Saturday from 8 a.m. to 6 p.m., and Sunday from 12 p.m. to 4 p.m.

To open an online savings account with Vio Bank, visit their website to complete the online application for the account you want to open.

FAQs About Vio Bank (6)

  • What is Vio Bank?

    Vio Bank is the online banking division of MidFirst Bank, a member of the FDIC, that offers a high-yield savings account, a money market account, and a certificate of deposit with different terms and competitive interest rates.

  • Is Vio Bank legit?

    As the online division of Oklahoma city headquartered MidFirst Bank, your deposits at Vio Bank are FDIC insured up to the approved limits with MidFirst Bank, a member of the FDIC. It is worth noting that MidFirst Bank deposits include deposits at MidFirst Bank and any of its divisions, including Vio Bank, MidFirst Private Bank, 1st Century Bank, and MidFirst Direct. Your deposits are FDIC insured up to the approved limits.

  • Is Vio Bank FDIC insured?

    Deposits held at Vio Bank are deposits of MidFirst Bank and are combined with any other MidFirst Bank deposits for FDIC insurance purposes. MidFirst Bank deposits include deposits at MidFirst Bank and any of its divisions, including Vio Bank, MidFirst Private Bank, 1st Century Bank, and MidFirst Direct. Your deposits are FDIC insured up to the approved limits.

  • How can I withdraw money from Vio Bank?

    You can withdraw money by wire transfer to your bank account with the approved minimum and maximum limits detailed on Vio Bank’s website. CD accounts are not eligible for external transfers, and international wires are not available.

  • Does Vio Bank have an app?

    Yes, Vio Bank offers a mobile app for iOS and Android users free to all its customers to access and manage their accounts from anywhere using mobile banking.

  • Does Vio Bank have fees?

    Vio Bank does not charge any monthly maintenance fees for any of the accounts, and the minimum deposit to open accounts is lower than traditional banks.

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Products and Services

Why Us

Competitive Interest Rates

Vio Bank offers one of the highest APY on their savings account in the U.S.

No Monthly Fees

Vio Bank's online savings accounts have no monthly maintenance fees.

Low Minimum Deposit to Open Accounts

The minimum deposit to open the savings, money market, and certificate of deposit accounts is much lower than other traditional banks.

Video

Maximize Your Savings

Get started with a Vio Bank online savings account and access competitive interest rates with no monthly fees.

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This page’s information results from independent research by our editorial team, who does their best to reflect factual and accurate information about the financial institution and its products. Financial institutions are not responsible for the content posted on Banks.com; visit the financial institutions’ website or contact it directly if you have any questions.

If you work for this financial institution and want to adjust any information, contact us at partners@banks.com.

* Vio Bank is a division of MidFirst Bank, a member of FDIC. Deposits held at Vio Bank are deposits of MidFirst Bank and are combined with any other MidFirst Bank deposits for FDIC insurance purposes. MidFirst Bank deposits include deposits at MidFirst Bank and any of its divisions, including Vio Bank, MidFirst Private Bank, 1st Century Bank, and MidFirst Direct. Your deposits are FDIC insured up to the approved limits.