Vio Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.41% | Savings | 0.26% - National Average |
| 2.55% | 1-year CD | 1.38% - National Average |
| 2.70% | 3-year CD | 1.88% - National Average |
Related Posts
Good Experience So Far
Opened account online. I knew the answers to my credit check quiz so no problems there.
You have to separately enroll in Mobile Banking, after which I called, got through instantly to a CSR, who finished the enrollment and I had online access that day. Was able to make test deposits from my other online bank account the next day.
I pushed $1500 to the newly opened Vio account. There appears to be no hold when you PUSH money to the account.
So far, very smooth expeirence. The one contact with the CSR was fast, courteous, and she was empowered to help me.
I Quickly Moved On To Mysavingsdirect, Wayyyy Better
$2,000 daily transfer out from vio bank, but no limit initiated from external bank
after 12 month of no activity there's $5 monthly fee (great shame!)
calling CS was cool, no issue with wait times
holding period, first time 7 business days, then 5 business days, you earn interest during holding period
after I verified the test deposits (make sure you write down full account number or you have to call CS like I did), I registered for the login account, put in your vio bank account #, your balance is 0 as you initial has not been transferred yet, and it said it will take 1-3 days to get approved (WTF), but since I had to call for my account #, CS approved my login access instantly after they asked me a bunch of questions
does not work well with lastpass but I'll live
Home page with banking advertisement looks good, but after you login it looks dated and there are quite a few links that don't work that are for a checking account, they are owed by a brick and mortar bank.
Only last 4 of account number on website and there's no routing number on the website and have to call in to ask for it even though I sent secure message for it, they responded by saying I need to call in,
The android app will ONLY make transferts to other vio/midfirst bank accounts, not too sure about this bank, but hey it has a great interest rate.
Application Rejected
I was rejected, too. My credit score is almost perfect. The decision was instantaneous, so it was triggered by some computer parameter. When I called, I was only told that it was related to my "banking history". I have a hunch it's because I had an account with another on-line bank, but pulled it out after ten months because their interest rate wasn't competitive. I think Vio wants to make sure the money is with them a long time. The CSR was cordial, but was obviously bound by the bank policies.
$5K/Day Withdrawal Limit
Stay away from this bank - you can only withdraw $5k/day from a Savings account to your own bank accounts. Savings accounts should be liquid and readily accessible. Limits like this on a savings account give me no confidence about the financial stability of a bank (especially an online bank).
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 4063 |
| Year Established | 1911 |
| Employees | 2686 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.84% |
| Return on Equity - YTD | 17.9% |
| Annual Interest Income | $662.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $17.23B$14.73B |
| Loans | Q4 2018vs Q4 2017 | $12.48B$10.78B |
| Deposits | Q4 2018vs Q4 2017 | $8.84B$8.01B |
| Equity Capital | Q4 2018vs Q4 2017 | $1.69B$1.49B |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $112.5MM$101.5MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $90.7MM$68.1MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $20.9MM$35.2MM |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
Vio Bank Nudges Up Savings Account Rate Again
Online Savings Account: 2.41% APY (was 2.39%)
There were also two rate changes on CDs:
9-month CD: 2.50% APY (was 2.40%)
24-month CD: 2.65% APY (was 2.70%) - rate drop :(
Always verify rates and promotions with the bank or credit union. We are not Vio Bank; we are a rate comparison website and cannot provide official rates or promotions.
Vio Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.41% | $100 | - | High Yield Online Savings Account |
Vio Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.10% | $500 | - | 120 Month High Yield Online CD | |
| 3.00% | $500 | - | 84 Month High Yield Online CD | |
| 2.90% | $500 | - | 60 Month High Yield Online CD | |
| 2.80% | $500 | - | 48 Month High Yield Online CD | |
| 2.70% | $500 | - | 36 Month High Yield Online CD | |
| 2.60% | $500 | - | 15 Month High Yield Online CD | |
| 2.55% | $500 | - | 12 Month High Yield Online CD | |
| 2.55% | $500 | - | 24 Month High Yield Online CD | |
| 2.55% | $500 | - | 18 Month High Yield Online CD | |
| 2.50% | $500 | - | 9 Month High Yield Online CD | |
| 2.00% | $500 | - | 6 Month High Yield Online CD |
Vio Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 501 NW Grand Boulevard - Oklahoma City, OK 73118