Vio Bank Review 2025
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Edited by
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At a glance
CDs
Savings
MMA
About Bankrate Score
Overview
Vio Bank is an option for savers who are comfortable with online banking and looking to earn solid yields on CDs, savings accounts or money market accounts. Low minimum deposit requirements and no monthly fee for all accounts make Vio deposit products highly accessible for customers nationwide.
Highlights
- Low Min Deposit
- No Monthly Fees
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.2/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Overall
Vio Bank is an online-only financial institution serving savers nationwide. The bank consistently offers top-tier rates on their money market account, but those looking for a checking account will need to go with another option.
Pros
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Vio Bank offers competitive yields on its money market account and its certificates of deposit.
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Minimum deposit requirements are low.
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Customers can choose from a wide range of CD terms.
Cons
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Vio Bank doesn’t offer checking accounts.
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The yield on the savings account, while solid, is low compared to what other online banks are offering.
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Customers have access to limited budgeting tools, and a peer-to-peer payment tool such as Zelle isn’t offered.
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Vio doesn’t offer a debit card or check-writing privileges for any of its accounts.
Vio Bank banking products
Vio Bank Online Savings Account
Pros
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The account offers an above-average yield that is paid on all balances, though much higher yields can be found elsewhere.
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The Vio Bank Online Savings Account doesn’t have a monthly maintenance fee.
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The $100 minimum deposit requirement is low.
Cons
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Customers are charged $5 a month to receive paper statements.
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Many online banks offer much higher APYs.
Rate history for Vio Bank's Savings account
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
Vio Bank Online CD
Pros
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There is a wide variety of terms available.
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Some banks have much higher minimum deposit requirements.
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CD rates are generally competitive.
Cons
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Early withdrawals come with a high penalty.
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There are no special types of CDs or promotions available.
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Some online banks offer higher CD rates.
Rate history for Vio Bank's CD accounts
See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.
Vio Bank Cornerstone Money Market Account
Pros
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The Cornerstone Money Market account has a highly competitive yield.
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There is a low $100 minimum to open the account.
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You won’t have to pay a monthly fee.
Cons
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The account does not come with a debit card or check-writing privileges.
How Vio Bank compares to others banks
Compare different account types offered by Vio Bank. Annual percentage yields (APYs) shown were updated between Jan. 13, 2025 and Jan. 19, 2025.
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Selected bank
Vio Bank savings account
Bankrate score
3.3
Bankrate Savings rating = 3.3/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
Most comparable
WebBank savings account
Bankrate score
3.0
Bankrate Savings rating = 3.0/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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Bankrate score
Bankrate Savings rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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APY
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between Jan. 13, 2025 and Jan. 19, 2025.
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| 1.10% | 0.25% | |
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Minimum balance for APY
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| $100.00 | $1,000.00 | |
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Estimated earnings
Interest earned calculation based on a $50,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
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| $550 | $125 | |
| Vio Bank is known as the online banking division of MidFirst Bank. The Vio Bank Cornerstone Money Market Savings Account earns a very competitive yield, requires only $100 to open and doesn’t charge a monthly maintenance fee. The account doesn’t include check-writing privileges or a debit card. | WebBank offers an FDIC-insured savings account that requires a $1,000 deposit to open but has no monthly fee. The account offers a low rate, lower than the national average and well behind the most competitive rates found at other online banks. | |
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N/A
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N/A
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APY offering:
1.10%
2/5
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
Minimum balance for APY:
$100.00
4/5
The lowest deposit amount an account must have before it can earn interest.
Monthly service fee:
$0.00
5/5
A monthly charge a financial institution deducts from an account if certain requirements are not met.
Minimum balance to avoid fee:
$0.00
5/5
The lowest balance an account must maintain in order to avoid a fee.
Access to funds:
Good
4/5
A procedure that allows an individual or organization to access and manage the funds of another account holder.
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Bankrate does not currently track additional product details for this bank.
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Bankrate does not currently track additional product details for this bank.
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Bank fees
| Fee | Charged? | |
|---|---|---|
| Overdraft fee | N/A | |
| Non-sufficient funds fee | N/A | |
| Monthly maintenance fee | None | |
| Out-of-network ATM fee | N/A | |
| Excessive transaction fee | None | |
| Paper Statements | $5 |
Customer experience
Customer support
Customer service hours. Vio Bank customers can reach a bank representative weekdays, 7 a.m. to 9 p.m., Central time, Saturday, 8 a.m. to 6 p.m., and Sunday from noon to 4 p.m.
Digital experience
The Vio Bank mobile app offers digital banking staples, such as mobile check deposit, account alerts and statement access, but it doesn’t offer more cutting-edge features, such as a peer-to-peer payment option like Zelle. The app gets a high score in the Apple App Store, but Android users are much less enthusiastic in their reviews on Google Play.
The above images were last updated on November 8, 2024.
Bankrate staff insight
"The delay in being able to enter the online banking portal and access my account due to an extra step of security verification was a bit of a hassle," says a Bankrate staff member who recently opened the Vio Cornerstone MMA. "I had to wait about 4 days for my funding account to be verified by Vio in order to proceed with the MMA account sign-up. Once I was in my account, however, the online banking portal was very straightforward, and it’s a simple process to transfer funds from my checking account at another bank to my MMA."
Disclosure: To enhance our product reviews, Bankrate employees often open accounts and provide feedback. They may have been compensated for their time and account maintenance, but this does not affect the integrity of their review.
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Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
Vio Bank customer reviews
Vio Bank has 21 reviews
Dive into community reviews below and see what others think about Vio Bank.
In July 2024, Bankrate collaborated with a third-party vendor to survey 1,200 bank account holders nationwide. Bankrate and our vendor collected and summarized account holder responses to five rating questions on a 5-point scale as well as open-ended reviews of the banking experience. Responses are based on individual account holder product details, and therefore cannot be verified for accuracy. Reviewers received an incentive for their feedback. Their ratings are unedited and have not been reviewed or approved by the associated bank or credit union, nor do these responses reflect Bankrate's own expert review of these banking products.
Community Reviews
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