Your current location is: New York City, NY
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
Savings
|
4.09% | $0 | Compare |
| CD RATES | APY | MIN | |
|---|---|---|---|
|
6 Mo CD
|
3.80% | $500 | Compare |
|
12 Mo CD
|
3.70% | $500 | Compare |
|
18 Mo CD
|
3.70% | $500 | Compare |
|
24 Mo CD
|
3.50% | $500 | Compare |
|
36 Mo CD
|
3.50% | $500 | Compare |
|
48 Mo CD
|
2.75% | $500 | Compare |
|
60 Mo CD
|
3.50% | $500 | Compare |
| MONEY MARKET RATES | APY | MIN | |
|---|---|---|---|
|
Money Market
|
3.70% | $100 | Compare |
Money that you deposit is held by MidFirst Bank. MidFirst Bank is an FDIC insured institution founded in 1911. It has approximately $41.16 billion in assets.
| FDIC Insured | Yes |
| Insured Parent Bank | MidFirst Bank |
| FDIC Certificate | # 4063 |
| Date Established | 1911 |
| Assets | $41.16 billion |
| Loans | $32.33 billion |
| Deposits | $25.29 billion |
| Capital | $3.75 billion |
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."
Tax Rate: 30%
All calculations are for demonstration purposes only."
| Year | Rate 4.09% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,045 | 1,432 |
| 2 | 52,045 | 2,129 | 1,490 |
| 3 | 54,174 | 2,216 | 1,551 |
| 4 | 56,389 | 2,306 | 1,614 |
| 5 | 58,696 | 2,401 | 1,680 |
| 6 | 61,096 | 2,499 | 1,749 |
| 7 | 63,595 | 2,601 | 1,821 |
| 8 | 66,196 | 2,707 | 1,895 |
| 9 | 68,904 | 2,818 | 1,973 |
| 10 | 71,722 | 2,933 | 2,053 |
| 11 | 74,655 | 3,053 | 2,137 |
| 12 | 77,709 | 3,178 | 2,225 |
| 13 | 80,887 | 3,308 | 2,316 |
| 14 | 84,195 | 3,444 | 2,411 |
| 15 | 87,639 | 3,584 | 2,509 |
| 16 | 91,223 | 3,731 | 2,612 |
| 17 | 94,954 | 3,884 | 2,719 |
| 18 | 98,838 | 4,042 | 2,830 |
| 19 | 102,880 | 4,208 | 2,945 |
| 20 | 107,088 | 4,380 | 3,066 |
| TOTAL | $61,468 | $43,028 |
| Year | Rate 3.75% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,875 | 1,313 |
| 2 | 51,875 | 1,945 | 1,362 |
| 3 | 53,820 | 2,018 | 1,413 |
| 4 | 55,839 | 2,094 | 1,466 |
| 5 | 57,933 | 2,172 | 1,521 |
| 6 | 60,105 | 2,254 | 1,578 |
| 7 | 62,359 | 2,338 | 1,637 |
| 8 | 64,697 | 2,426 | 1,698 |
| 9 | 67,124 | 2,517 | 1,762 |
| 10 | 69,641 | 2,612 | 1,828 |
| 11 | 72,252 | 2,709 | 1,897 |
| 12 | 74,962 | 2,811 | 1,968 |
| 13 | 77,773 | 2,916 | 2,042 |
| 14 | 80,689 | 3,026 | 2,118 |
| 15 | 83,715 | 3,139 | 2,198 |
| 16 | 86,854 | 3,257 | 2,280 |
| 17 | 90,111 | 3,379 | 2,365 |
| 18 | 93,491 | 3,506 | 2,454 |
| 19 | 96,996 | 3,637 | 2,546 |
| 20 | 100,634 | 3,774 | 2,642 |
| TOTAL | $54,408 | $38,085 |
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