Vio Bank Review 2023
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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 are looking to earn competitive yields on CDs, savings accounts or money market accounts.
Highlights
- Low Min Deposit
- No Monthly Fees

Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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 a competitive money market account rate and an above average rate on its CDs and savings account.
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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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Customers have access to limited budgeting tools, and a peer-to-peer payment tool such as Zelle isn’t offered.
Vio Bank bank products
Vio Bank savings overview
Pros
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The account offers an above-average yield that is paid on all balances.
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There's no monthly 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 higher APYs.

Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bank 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 solid score in the Apple App Store, but Android users are much less enthusiastic in their reviews on Google Play.
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 noon to 4 p.m.
About Vio Bank
Vio Bank is the online division of MidFirst Bank, a privately owned bank based in Oklahoma City. It launched in 2018.
Vio Bank, like most internet-based banks, is best for consumers who are comfortable banking online and seeking higher yields than what many brick-and-mortar banks pay.
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.