DOC Compass — Offers, decoded

Vio Bank 2.07% APY Savings Account – Available Nationwide

Vio Bank offers a high yield savings account Account with an interest rate of 2.52% APY. Only $100 minimum to open. FDIC insured. It’s fun watching the rates creep up; it crept up recently to 2.51% and now 2.52%. Ultimately, these tiny additions are insignificant, but we’ll usually put out a post when a new top-rate is reached. Vio was previously at 2.46% and now at 2.52%, so they seem to be intent on remaining competitive.

By ChuckJune 7, 2019125 comments

Update 11/6/19: Down to 2.07%

Update 10/12/19: Down to 2.27%.

Update 9/25/19: ACH limits have been increased: $25K daily and $100k Monthly

Update 9/20/19: Rate fell from 2.52% to 2.42% due to fed rate cut.

Offer at a glance

Interest Rate: 2.52% APY
Minimum Balance: $100
Maximum Balance: $250,000 (FDIC limit)
Availability: Nationwide
Hard/soft pull: Soft
ChexSystems: Yes (Chex sensitive)
Credit card funding: Unknown
Monthly fees: None
Insured: FDIC

The Offer

Direct link to offer

Vio Bank offers a high yield savings account Account with an interest rate of 2.52% APY.

The Fine Print

Only $100 minimum to open.
6 free withdrawals per monthly statement cycle (like all savings accounts)
Interest earned will be reported on a form 1099-INT.

Avoiding Fees

This account has no monthly fee.

Our Verdict

It’s fun watching the rates creep up; it took a while until we got to 2.50%, then it held there for a bit, until recently it crept up to 2.51% and now 2.52%. Ultimately, these tiny additions are insignificant, but we’ll usually put out a post when a new top-rate is reached. Vio was previously at 2.46% and now at 2.52%, so they seem to be intent on remaining competitive.

If anyone has used this bank, please share your experiences in the comments below. Check out our list of Best High Yield Savings Accounts for a full comparison list.

Thanks to reader Ken