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  Vio Bank High Yield Online Certificate of Deposit

Vio Bank High Yield Online Certificate of Deposit

in CD Accounts from MidFirst Bank · fdic

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Vio Bank High Yield Online Certificate of Deposit

Unaffiliated

in CD Accounts from MidFirst Bank · Member FDIC

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Highlights
Minimum Opening Deposit Starting at $500
Certificate Term
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 18 months
  • 9 months
  • 7 years
  • 10 years
APY (Annual Percentage Yield) 0.10% - 0.7%

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).

Key Takeaways
  • Only one CD account type available. Vio Bank CD only offers traditional CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 0.7%, which is much higher than the national average for a CD account.
  • $500 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
  • Wide selection of CD terms. Vio Bank CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Vio Bank High Yield Online Certificate of Deposit
Pros Cons
  • FDIC insured.
  • Multiple CD terms available.
  • Available in all 50 states.
  • High-interest yield.
  • No charge on incoming domestic or international wire transfers.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
Vio Bank High Yield Online Certificate of Deposit FAQ

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?

Vio Bank CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.

What CD rates does MidFirst Bank offer on its CDs?

Vio Bank CD offers an APY starting at 0.10% and ranging up to 0.7%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Vio Bank CD offer?

MidFirst Bank offers CD terms of the following lengths:
Vio Bank High Yield Online Certificate of Deposit Rates & Terms
Description
2-Year APY 0.15%
3-Year APY 0.3%
4-Year APY 0.4%
5-Year APY 0.5%
6-Month APY 0.10%
7-Year APY 0.6%
12-Month APY 0.15%
APY (Annual Percentage Yield) 0.10% - 0.7%

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

Vio Bank CD requires a minimum deposit of $500 to open an account.

What is the grace period for Vio Bank CD?

There is a 10-day grace period for Vio Bank CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Vio Bank CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

MidFirst Bankcharges an early withdrawal fee of $25.

Vio Bank High Yield Online Certificate of Deposit Fees
Description
Early Withdrawal Fee Amount $25
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Vio Bank High Yield Online Certificate of Deposit

Earning power of investing your money at a guaranteed rate of return. 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. Terms ranging from 6 months to 10 years, and only $500 minimum to open. You can speak with one of our friendly customer service representatives by calling us. 

Contact

Hours of Operation

  • Sunday 12:00pm - 4:00pm
  • Monday 7:00am - 9:00pm
  • Tuesday 7:00am - 9:00pm
  • Wednesday 7:00am - 9:00pm
  • Thursday 7:00am - 9:00pm
  • Friday 7:00am - 9:00pm
  • Saturday 8:00am - 6:00pm

Other Services by MidFirst Bank

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Opening Deposit Starting at $500
2-Year APY 0.15%
3-Year APY 0.3%
4-Year APY 0.4%
5-Year APY 0.5%
6-Month APY 0.10%
7-Year APY 0.6%
12-Month APY 0.15%
APY (Annual Percentage Yield) 0.10% - 0.7%
CD Accounts Traditional
Grace Period for Account Changes 10 days
Certificate Term
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 18 months
  • 9 months
  • 7 years
  • 10 years

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