Advertising Disclosure

Vio Bank


Overview / Commentary
888-999-9170
501 NW Grand Boulevard
Oklahoma City, OK 73118

Related Posts

New Rate Leader - Vio Bank's High Yield Online Savings, 2.52% APY - 6/7/2019

Vio Bank's High Yield Online Savings (2.52% APY) is now the rate leader for nationally available savings accounts that do not require a large minimum balance.

Online Savings Account 2.52% APY - 6/7/2019

Benefits of a High Yield Online Savings Account: Flexibility to grow your money and access it when needed. We regularly monitor the competition to ensure our rates are some of the best in the nation. Interest is compounded daily, growing your money fast. Your money is FDIC insured up to $250,000.00 Only $100 minimum to open. Six free withdrawals per monthly statement cycle. No monthly fee.

Vio Bank Ups High Yield Online Savings To 2.46% APY - 3/27/2019

Vio Bank (internet bank) has raised the rate on its High Yield Online Savings account to 2.46% APY, making it the rate leader for low minimum balance savings account.

View all posts from:


Account Opening

Posted by: gaheb4264 | Jul 10, 2019

I opened my savings account on 7/5/2019 without any hiccups. The trial deposits appeared in my funding account on 7/8/2019 and I was able to confirm and the account was opened. My initial deposit posted on 7/9/2019. I received an email on 7/9/2019 confirming my account opening with instructions on how to setup online banking which I successfully did. So far so good.
I will update my post when I attempt other transactions.

Not Perfect, But No Bank Is

I don't have money to invest, I'm just working on building my savings. BofA has been plodding my account along with One Penny per month for a long time. I took a chance on Vio, and I was amazed when I got almost $2.00 in interest in two months. Yeah, I'm not getting rich anytime soon, but compared to BofA that is astronomical. My biggest complaint is that it takes 3 weeks for deposits to be accessible. That is a long time for my money to be in limbo in case of an emergency! I did a test withdrawal to see how long that would take, and it showed up in my other account the very next day. All in all, I would say the limbo time is worth the high interest rate.

Any Way To Avoid $5 Inactivity Fee

Posted by: henryr | May 12, 2019

I hesitate to open this account because of "
$5 Per month after 12 months of inactivity"
https://www.viobank.com/Documents/Vio/Vio_OnlineSavings_FeeSchedule.pdf

Glad I Read Other Review BEFORE Moving To VIO Bank

Posted by: weltwon | Jun 12, 2019

In a good economy, banks are constantly raising interest rates on savings account to compete with each other.

On June 12, i discovered the 2.52% APY rate that VIO Bank began offering on June 7 so I phoned with questions about limits on external transfers. Dominique was very cordial and answered all my questions. THEN, I read reviews on this site which contradicted what I was told by phone. Phones again and Casey gave me different information which mirrors the negative reviews on this website.

BOTTOM LINE: VIO Bank may currently offer the highest savings rate by .02% APY but the differences in terms and other possible "hiccups" is not worth the risk for me (and possibly you too).

VIEW MORE REVIEWS

Health

Health Grade Components

Overall
FDIC Certificate #4063
Year Established1911
Employees2614
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.77%
Return on Equity - YTD18.88%
Annual Interest Income$193.9MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$19.34B$14.90B
LoansQ1 2019vs Q1 2018$14.26B$10.99B
DepositsQ1 2019vs Q1 2018$9.07B$8.18B
Equity CapitalQ1 2019vs Q1 2018$1.73B$1.57B
Loan Loss AllowanceQ1 2019vs Q1 2018$112.5MM$116.6MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$74.0MM$51.6MM
Real Estate OwnedQ1 2019vs Q1 2018$23.1MM$22.2MM
  User-submitted Promotions & Notices

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.

Online Savings Account 2.52% APY

IvoryMale   |  
Benefits of a High Yield Online Savings Account:
Flexibility to grow your money and access it when needed.
We regularly monitor the competition to ensure our rates are
some of the best in the nation.
Interest is compounded daily, growing your money fast.
Your money is FDIC insured up to $250,000.00
Only $100 minimum to open.
Six free withdrawals per monthly statement cycle.
No monthly fee.

Rates
Skip to rates for:
Report an Issue

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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.52%$100-High Yield Online Savings Account

Vio Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.55%$500-120 Month High Yield Online CD
2.45%$500-84 Month High Yield Online CD
2.35%$500-60 Month High Yield Online CD
2.30%$500-48 Month High Yield Online CD
2.20%$500-36 Month High Yield Online CD
2.10%$500-24 Month High Yield Online CD
2.05%$500-9 Month High Yield Online CD
2.00%$500-6 Month High Yield Online CD
2.00%$500-12 Month High Yield Online CD
2.00%$500-18 Month High Yield Online CD
Locations

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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.