Some advertisements and offers on this page are from advertisers who pay us. That may influence which products we write about, but it does not affect what we write about them. Here's an explanation of how we make money and our Advertiser Disclosure.
Summary: Vio Bank is an online-only banking division of MidFirst Bank, one of the largest privately held banks in the United States. Launched in 2018, Vio Bank focuses on providing deposit accounts with competitive interest rates.
Vio Bank products and services
Here’s a look at the products and services offered by Vio Bank:
-
Online savings account: Vio Bank’s online savings account currently offers 1.10% APY with a minimum opening deposit of $100 required. There are no monthly fees associated with the account unless you opt to receive paper statements. Interest is compounded daily and credited monthly.
-
Certificates of deposit: Vio Bank’s CD terms range from six months to 10 years, with interest rates up to 4.30% APY. There is a minimum opening deposit requirement of $500. Interest compounds daily. If you withdraw your CD funds before the account reaches maturity, an early withdrawal penalty will apply (varies according to CD term length).
-
Money market savings: The Cornerstone Money Market Savings Account offers a competitive 4.46% APY with a minimum opening deposit requirement of $100. There is no monthly fee and interest compounds daily. This account ranks among our top 10 picks for the best high-yield money market accounts available today.
Vio Bank fees
Vio Bank doesn’t charge any monthly account fees or overdraft fees. However, there are a handful of fees you may encounter as a VIO Bank customer.
Read more: What are bank fees, and how do I avoid them?
Vio Bank pros and cons
Here’s a look at some of the perks and drawbacks of banking with Vio Bank:
Pros
-
Competitive interest rates on CDs and money market accounts: Vio Bank offers some of the highest rates on the market for CDs and money market accounts, up to 4.46% APY.
-
No monthly account fees: Vio Bank doesn’t charge any monthly fees for account maintenance.
Cons
-
No physical branches: Vio Bank is an 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 lending or investing services.
Customer service and mobile banking experience
Vio Bank representatives are available via phone during the following hours:
-
Monday through Friday from 7 a.m. to 9 p.m. CT
-
Saturday from 8 a.m. to 6 p.m. CT
-
Sunday from noon to 4 p.m. CT
Customers can also submit a form to be contacted by a banking representative.
Additionally, Vio Bank offers a mobile app on the App Store and Google Play with a rating of 4.6 and 2.9 stars, respectively. 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
Frequently asked questions
Is Vio Bank FDIC-insured?
Vio Bank is a division of MidFirst Bank, which is an FDIC-insured bank. This means that deposits are insured up to the federal limit of $250,000 per depositor, per institution, per ownership category.
What is Vio Bank’s routing number?
Vio bank’s routing number is 303087995.
Who owns Vio Bank?
Vio Bank is owned by MidFirst Bank, the largest privately owned bank in the US.
