Last Updated: 04/18/2025
Vio Bank High Yield Online Savings Account
Unaffiliated
in Savings Accounts from MidFirst Bank
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.57%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $100
Minimum Balance to Earn APY
$0.01
Vio Bank High Yield Online Savings Account Review
Vio Bank High Yield Online Savings Account is offered by MidFirst Bank, a bank founded in 1982 and based in Oklahoma City, OK. Vio Bank savings account are available in 50 states and Washington, DC.
Key Takeaways
- Higher than average APY. Vio Bank High Yield Online Savings Account has an annual percentage yield of up to 0.57%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $0.01 to earn that interest rate.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- $100 minimum opening deposit. This is a typical minimum initial deposit.
Vio Bank savings account Pros & Cons
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Vio Bank savings account FAQ
Are savings accounts from MidFirst Bank federally insured?
Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC). 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.
Does MidFirst Bank offer a signup bonus?
Vio Bank savings account doesn't offer a signup bonus.
What is the minimum initial deposit for Vio Bank savings account?
The minimum deposit to open a Vio Bank savings account is $100.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Vio Bank High Yield Online Savings Account offer?
Vio Bank savings account offers an APY of 0.57% (APY stands for annual percentage yield, rates may change).
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does Vio Bank savings account charge?
Vio Bank savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
- Outgoing domestic bank transfers come with a $30 fee.
- Outgoing international bank transfers come with a $30 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
- Vio Bank savings account charges $5 every time you request a paper statement.
What features and perks does Vio Bank savings account offer?
This savings account includes the following features:
- Fraud monitoring - Vio Bank savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
- Mobile Banking Services - Vio Bank savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
Can you set up a direct deposit to Vio Bank savings account?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for Vio Bank savings account?
The customer support email for Vio Bank savings account is contact@midfirst.com.
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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