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Vio Bank High Yield Online Savings account review

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Vio Bank High Yield Online Savings
Finder score
Minimum deposit to open

Our verdict

Earn 1.1% and pay no monthly fees—but you won’t see deposited funds for up to five days.

Vio Bank is a solid option for anyone looking to stash their money in a high-yield account. Its APY is eight times higher than the average competition, and it doesn’t charge any monthly maintenance fees. Although it doesn’t have any physical branches, customer representatives are available daily by phone.

However, if you like Vio Bank, you might as well choose its Cornerstone Money Market account, which offers similar no-fee features but a higher APY than its online high-yield savings account. And while Vio Bank offers a strong selection of savings products, it doesn’t have any checking account options.

As always, compare a variety of savings accounts before deciding which one to stash your cash in.


  • High APY
  • No monthly fees
  • Interest compounded daily


  • Five-day hold on deposits
  • Excess transaction fee
  • $100 opening deposit
  • Phone support not 24/7

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How do I open a Vio Bank High Yield Online Savings account?

Follow these steps to open your account online, whether you’re applying for an individual or joint account.

  1. Go to the provider’s site and follow the steps to apply.
  2. Select Open An Account on Vio Bank’s website.
  3. Choose whether you’re opening an individual or joint account and select Continue.
  4. Enter your personal information, including your name, date of birth, Social Security number and employment status and select Continue.
  5. Follow the prompts to accept the disclosure statements, fund your account and submit your application.


You’ll need to meet these qualifications to open a Vio Bank High Yield Online Savings account.

  • US citizen or permanent resident
  • At least 18 years old
  • US mailing address
  • Social Security number
  • Government-issued ID
  • $100 minimum opening deposit
  • External bank account for opening deposit

Required information

Keep this information handy when you’re filling out your application.

  • Valid US address
  • Social Security number
  • Government-issued ID
  • Date of birth
  • Employment status
  • Email address
  • Phone number

What are the benefits of a savings account with Vio Bank?

Vio Bank offers standard savings account benefits like FDIC-insured deposits and mobile banking, along with:
  • High APY. Offers a 1.1% APY — that’s 2.44x higher than the national average.
  • No monthly fees. Vio Bank doesn’t charge any monthly maintenance fees.
  • Interest compounded daily. Your money grows faster as Vio Bank calculates how much interest you earn daily compared to monthly compounded interest offered by other accounts.

How much interest you can earn

Get an idea of your earnings when you park your savings at Vio Bank.

APYAmount in savingsInterest earned in 12 months

What should I look out for?

The Vio Bank High Yield Online Savings account has its perks, but its main downside is that you won’t see funds in your account for five days. Other downsides to think about:

  • 5-day hold on deposits. Deposits are held for at least 5 business days before posting the funds to your account. But you’ll earn interest for the days that you can’t access your money.
  • $100 opening deposit. You need at least $100 to open the Vio Bank High Yield Online Savings account. However, this initial amount is lower than with other money market accounts.
  • Phone support not 24/7. You can chat with customer service during normal business hours as well as limited hours on weekends. But you can’t chat any time of the day that you want.
  • Excess transaction fee. You’ll pay $10 for each transaction over the six monthly transaction limit. This is the usual policy, but it may be waived for a limited time. Check with Vio Bank.
Vio Bank also offers a Cornerstone Money Market account, which has no monthly fees but a higher APY than this account.

Or you might like Quontic Bank’s High Yield Savings because it offers all of the no-fee perks and high interest as Vio Bank’s accounts, but with a large network of ATMs. If you’d like to earn the highest interest possible and don’t mind meeting a monthly spend requirement, consider an Aspiration Spend & Save account.

    Compare with other savings accounts

    If you were hoping to keep your checking and savings account at the same bank, you may want to keep looking. Compare your options and choose Go to site to open one of these accounts.

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    How do I deposit or withdraw my money?

    As with most online banks, Vio Bank limits how you can deposit into or withdraw money from your account. That way, you save the most amount of money possible.

    For reference, Vio Bank‘s routing number is 303087995.


    Fill up your account with new funds by:

    • Paper check sent by mail
    • Mobile deposited check
    • Wire transfer
    • ACH transfer from an external bank


    Use the money from your account through:

    • Wire transfer
    • ACH transfer to an external bank

    How do I contact Vio Bank about my savings account?

    Reach out to customer support with your questions or concerns in one of three ways.

    • Call 888-999-9170 weekdays from 7 a.m. to 9 p.m. CT, Saturdays from 8 a.m. to 6 p.m. CT and Sundays from 12 p.m. to 4 p.m. CT
    • Fill out the contact form on its website
    • Mail questions and concerns to:
      PO Box 76149
      Oklahoma City, OK 73147

    Savings account ratings

    ★★★★★ — Excellent

    ★★★★★ — Good

    ★★★★★ — Average

    ★★★★★ — Subpar

    ★★★★★ — Poor

    We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.

    Read the full methodology of how we rate savings accounts.

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