Vio Bank, A Division of MidFirst Bank
For information concerning MidFirst Bank parent bank, please click
here .
Online Rates - September 23, 2023
Your current location is: Ashburn, VA
SAVINGS RATES
APY
MIN
Savings
1.10%
$0
Compare
MONEY MARKET RATES
APY
MIN
Money Market
5.25%
$100
Compare
Money that you deposit is held by MidFirst Bank.
MidFirst Bank is an FDIC insured institution founded in 0000.
It has approximately $36.48 billion in assets.
Overview 2023
General Information of the Parent Bank
FDIC Insured
Yes
Insured Parent Bank
MidFirst Bank
FDIC Certificate
# 4063
Date Established
0000
Assets
$36.48 billion
Loans
$29.85 billion
Deposits
$21.14 billion
Capital
$3.73 billion
Customer Reviews for Vio Bank, A Division of MidFirst Bank (2)
Rated 1.00 stars out of 5 - based on 2 reviews
Savings Comparison
This analysis is for demonstrative purposes only. Savings rates may go up or down,
and CD rates may not be renewable for the length of the term of the analysis.
PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES
Tax Rate: 30%
All calculations are for demonstration purposes only.
1
ONLINE CD
Online Bank
-
$50,000
6 Month
5.35 %
16.72x (National Avg. - 0.32%)
$500
-
SCENARIO
Year
Rate 5.35%
Annual Interest
Annual Interest (After Tax)
1
50,000
2,675
1,873
2
52,675
2,818
1,973
3
55,493
2,969
2,078
4
58,462
3,128
2,189
5
61,590
3,295
2,307
6
64,885
3,471
2,430
7
68,356
3,657
2,560
8
72,013
3,853
2,697
9
75,866
4,059
2,841
10
79,925
4,276
2,993
11
84,201
4,505
3,153
12
88,705
4,746
3,322
13
93,451
5,000
3,500
14
98,451
5,267
3,687
15
103,718
5,549
3,884
16
109,267
5,846
4,092
17
115,113
6,159
4,311
18
121,271
6,488
4,542
19
127,759
6,835
4,785
20
134,594
7,201
5,041
TOTAL
$91,795
$64,256
Remove
2
LOCAL CD
Online Bank
-
$50,000
60 Month
4.00 %
4.63x (National Avg. - 0.86%)
$2,500
-
SCENARIO
Year
Rate 4.00%
Annual Interest
Annual Interest (After Tax)
1
50,000
2,000
1,400
2
52,000
2,080
1,456
3
54,080
2,163
1,514
4
56,243
2,250
1,575
5
58,493
2,340
1,638
6
60,833
2,433
1,703
7
63,266
2,531
1,771
8
65,797
2,632
1,842
9
68,428
2,737
1,916
10
71,166
2,847
1,993
11
74,012
2,960
2,072
12
76,973
3,079
2,155
13
80,052
3,202
2,241
14
83,254
3,330
2,331
15
86,584
3,463
2,424
16
90,047
3,602
2,521
17
93,649
3,746
2,622
18
97,395
3,896
2,727
19
101,291
4,052
2,836
20
105,342
4,214
2,950
TOTAL
$59,556
$41,689
Remove
3
LOCAL CD
Online Bank
-
$50,000
24 Month
4.30 %
7.15x (National Avg. - 0.60%)
$2,500
-
SCENARIO
Year
Rate 4.30%
Annual Interest
Annual Interest (After Tax)
1
50,000
2,150
1,505
2
52,150
2,242
1,570
3
54,392
2,339
1,637
4
56,731
2,439
1,708
5
59,171
2,544
1,781
6
61,715
2,654
1,858
7
64,369
2,768
1,938
8
67,137
2,887
2,021
9
70,024
3,011
2,108
10
73,035
3,140
2,198
11
76,175
3,276
2,293
12
79,451
3,416
2,391
13
82,867
3,563
2,494
14
86,430
3,717
2,602
15
90,147
3,876
2,713
16
94,023
4,043
2,830
17
98,066
4,217
2,952
18
102,283
4,398
3,079
19
106,681
4,587
3,211
20
111,268
4,785
3,349
TOTAL
$66,053
$46,237
Remove
4
LOCAL CD
Online Bank
-
$50,000
12 Month
5.00 %
10.29x (National Avg. - 0.49%)
$2,500
-
SCENARIO
Year
Rate 5.00%
Annual Interest
Annual Interest (After Tax)
1
50,000
2,500
1,750
2
52,500
2,625
1,838
3
55,125
2,756
1,929
4
57,881
2,894
2,026
5
60,775
3,039
2,127
6
63,814
3,191
2,233
7
67,005
3,350
2,345
8
70,355
3,518
2,462
9
73,873
3,694
2,586
10
77,566
3,878
2,715
11
81,445
4,072
2,851
12
85,517
4,276
2,993
13
89,793
4,490
3,143
14
94,282
4,714
3,300
15
98,997
4,950
3,465
16
103,946
5,197
3,638
17
109,144
5,457
3,820
18
114,601
5,730
4,011
19
120,331
6,017
4,212
20
126,348
6,317
4,422
TOTAL
$82,665
$57,865
Remove
5
LOCAL CD
Bank
-
$50,000
18 Month
4.75 %
9.03x (National Avg. - 0.53%)
$2,500
-
SCENARIO
Year
Rate 4.75%
Annual Interest
Annual Interest (After Tax)
1
50,000
2,375
1,663
2
52,375
2,488
1,741
3
54,863
2,606
1,824
4
57,469
2,730
1,911
5
60,199
2,859
2,002
6
63,058
2,995
2,097
7
66,053
3,138
2,196
8
69,191
3,287
2,301
9
72,477
3,443
2,410
10
75,920
3,606
2,524
11
79,526
3,777
2,644
12
83,304
3,957
2,770
13
87,261
4,145
2,901
14
91,406
4,342
3,039
15
95,747
4,548
3,184
16
100,295
4,764
3,335
17
105,059
4,990
3,493
18
110,050
5,227
3,659
19
115,277
5,476
3,833
20
120,753
5,736
4,015
TOTAL
$76,488
$53,542
Remove
6
LOCAL CD
Bank
-
$50,000
12 Month
5.65 %
11.63x (National Avg. - 0.49%)
$1,000
-
SCENARIO
Year
Rate 5.65%
Annual Interest
Annual Interest (After Tax)
1
50,000
2,825
1,978
2
52,825
2,985
2,089
3
55,810
3,153
2,207
4
58,963
3,331
2,332
5
62,294
3,520
2,464
6
65,814
3,718
2,603
7
69,532
3,929
2,750
8
73,461
4,151
2,905
9
77,611
4,385
3,070
10
81,997
4,633
3,243
11
86,629
4,895
3,426
12
91,524
5,171
3,620
13
96,695
5,463
3,824
14
102,158
5,772
4,040
15
107,930
6,098
4,269
16
114,028
6,443
4,510
17
120,471
6,807
4,765
18
127,277
7,191
5,034
19
134,469
7,597
5,318
20
142,066
8,027
5,619
TOTAL
$100,093
$70,065
Remove
Page
Page
Other Online Banks to Consider
Laura K
July 14, 2021 |
My husband and I opened an account here. We were happy to get the slightly higher rate for a bit, but they were quick to lower it. And, then the fees started.
Review on the Parent BankJenny
June 22, 2021 |
I've had a few online savings accounts - Marcus, Synchrony, Capital One, Ally and Purepoint. I'd recommend them all. Going for a small tiny bank like this in order to make a few extra $$$ is a waste, especially when you realize that the little bit you are making is fully taxable. My interaction with the customer service at Vio Bank proved this point and left me banging my head against the wall.
Review on the Parent Bank