Vio Bank High Yield Online Certificate of Deposit Review

Vio Bank High Yield Online Certificate of Deposit is offered by MidFirst Bank, a bank founded in 1982 and based in Oklahoma City, OK. Vio Bank High Yield Online Certificate of Deposit is available in 50 states (and Washington, DC).

Are cd accounts from MidFirst Bank federally insured?

Yes, your MidFirst Bank cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #4063). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does MidFirst Bank offer?

• Traditional

What APY does MidFirst Bank offer on its CDs?

Vio Bank High Yield Online Certificate of Deposit offers an APY starting at 0.10% and ranging up to 0.7% (APY stands for annual percentage yield, rates may change).

What is the minimum deposit to open a CD account with MidFirst Bank?

Vio Bank High Yield Online Certificate of Deposit requires a minimum initial deposit of $500 to open an account.

What types of early withdrawal penalties does Vio Bank High Yield Online Certificate of Deposit charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

MidFirst Bankcharges an early withdrawal fee of $25.