High-yield online savings, CD and money market accounts

Bynewspules
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Summary: Vaio Bank is the online-only banking division of MidFirst Bank, one of the largest private banks in the United States. Launched in 2018, Vio Bank focuses on offering deposit accounts at competitive interest rates.

Check out the products and services offered by Vio Bank:

  • Online Savings Account: Vio Bank Online Savings Account currently offers 1.10% API with a minimum opening deposit of $100. There are no monthly fees associated with the account unless you choose to receive paper statements. Interest is compounded daily and paid monthly.

  • Certificates of Deposit; Vio Bank’s CD terms range from six months to 10 years with interest rates of up to 4.30% API. There is a minimum opening deposit of $500. Interest compounds daily. If you withdraw your CD funds before the account matures, an early withdrawal penalty will apply (varies by CD term).

  • Money Market Savings; The Cornerstone Money Market Savings Account offers a competitive 4.46% API with a minimum opening deposit of $100. There is no monthly payment and interest compounds daily. This account ranks in the top 10 picks for the best high income money market accounts available today.

Vaio Bank does not charge any monthly account charges or overdraft charges. However, there are a few charges that you may face as a VIO Bank customer.

Read more: What are bank charges and how can I avoid them?

Check out some of the pros and cons of banking with Vio Bank.

advantage

  • Competitive interest rates on CDs and money market accounts: Vio Bank offers some of the highest rates on the market for CD and money market accounts, with up to 4.46% API.

  • There are no monthly account fees Vaio Bank does not charge any monthly fee for account maintenance.

Cons

  • There are no physical branches; Vaio Bank is the online division of MidFirst Bank and does not operate any physical branches for customers to visit.

  • Limited account options: Vio Bank currently offers three types of deposit accounts, but does not offer a checking account option. It also does not provide loan or investment services.

Vio Bank representatives are available by phone during the following hours:

  • Monday through Friday from 7 am to 9 pm CT

  • Saturday 8 am to 6 pm CT

  • Sunday noon to 4 pm CT

Customers can submit a form to connect with a bank representative.

In addition, Vio Bank offers a mobile app with a rating of 4.6 and 2.9 stars on the App Store and Google Play. Customers can use the app to check account balances, search transactions, deposit checks on the go and access statements and tax documents.

Read more: 10 Best Mobile Banking Apps of 2025

Vio Bank is a division of MidFirst Bank, an FDIC insured bank. This means deposits are federally insured up to $250,000 per depositor, per institution, per ownership category.

Vio Bank Routing Number is 303087995.

Vaio Bank is owned by MidFirst Bank, the largest privately held bank in the United States.