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finder.com’s rating: 3.9 / 5.0
★★★★★
Vio Bank, a division of MidFirst Bank, offers an attractive High Yield Online Savings account built for almost anyone. It has no monthly fees and a strong APY. But you need at least $100 to open the account and there’s a five-day hold on all deposits.0.57%
APY
$5 per month
Fee
$100
Minimum deposit to open
Review by
Cassidy Horton is a writer for Finder, specializing in banking and investments. She has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. Cassidy enjoys educating people about financial services, exploring the Pacific Northwest and watching endless reruns of The Office.
The Vio Bank High Yield Online Savings account is a good choice for anyone looking for a high-yield savings account. It has no monthly fees and a strong 0.57% APY. Although it doesn’t have any physical branches, customer support representatives are available daily by phone.
But while Vio Bank offers a strong selection of savings products, it doesn’t have any checking account options.
Follow these steps to open your account online:
You must meet these qualifications to open a Vio Bank High Yield Online Savings account:
You’ll need this information to complete your online application:
While the Vio Bank High Yield Online Savings account has its perks, there are a few things you should watch out for:
If you were hoping to keep your checking and savings account at the same bank, you may want to keep looking. As always, compare your options when considering a savings account.
As with most online banks, there are only a few ways to deposit and withdraw money from your Vio Bank High Yield Online Savings account:
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
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