Bank Of America vs. Vio Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Bank of America vs. Vio Bank
Key Metrics at a Glance
| Feature | Bank of America | Vio Bank |
|---|---|---|
| Top Savings APY | 0.01% Advantage Savings | 4.21% Online Savings Account |
| Minimum to Open | $100 | $100 |
| Minimum Balance for Top APY | $0 | |
| Note | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. |
Bank of America
Strengths
- Bank of America has a high App Store rating of 4.8.
- The Advantage Savings account has a low minimum deposit of $100.
- Bank of America offers various ways to waive the $8 maintenance fee.
Potential Drawbacks
- The current APY for the Advantage Savings account is only 0.01%.
- Bank of America has a maintenance fee of $8 per month.
- There are no branches for Bank of America to visit.
Vio Bank
Strengths
- Vio Bank offers a high APY of 4.21% for its Online Savings Account.
- There are no maintenance fees if electronic statements are selected.
- Vio Bank is BBB Accredited, indicating trustworthiness.
Potential Drawbacks
- Vio Bank has a lower App Store rating of 4.6 and a Google Play rating of 3.3.
- The Online Savings Account requires a minimum deposit of $100.
- Vio Bank has no physical branches.
→ As of November 12, 2025 Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , compared to Vio Bank's 4.21% APY for its Online Savings Account, with a minimum balance of $0.
→ Vio Bank yields $420 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while Vio Bank pays $421 - an APY advantage for Vio Bank.
Calculate Savings Growth for Bank of America vs Vio Bank
Bank of America - Advantage Savings
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewVio Bank - Online Savings Account
Total savings breakdown:
- Interest earned: $2,570.8 (12.50%)
- Total contributions: $13,000 (63.20%)
- Initial deposit: $5,000 (24.31%)
Your total balance
$20,570.80
Total balance: $20,570.8
Earnings: $2,570.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bank of America's total earnings would be $2,565.1 lower than Vio Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Bank of America's vs Vio Bank's Savings Accounts
| Bank of America | Vio Bank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | Online Savings Account |
| APY | 0.01% (as of 11/12/2025) | 4.21% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | Yes | |
| Compound Frequency | Monthly | Daily | |
| Minimum Deposit | $100 | $100 | |
| Minimum Balance for APY | N/A | $0 | |
| Maintenance Fee | $8 | $0, if electronic statements selected, otherwise $5 | |
| Direct Deposit Required | No | No | |
| Note | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. | ||
| App Store Rating | 4.8/5 | 4.6/5 | |
| Google Play Rating | 4.6/5 | 3.3/5 | |
| BBB Rating | A+ | A+ |
No historical data available.