Bank of America vs. Vio Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Bank of AmericaAdvantage Savings Jan 6, 2026 | Vio BankOnline Savings Account Jan 6, 2026 |
|---|---|---|
| APY | 0.01% | 4.09% |
Est. Earnings | $5,000+$1 $10,000+$1 $25,000+$3 | $5,000+$205 $10,000+$409 $25,000+$1,023 |
Min Deposit | $100 | $100 |
Snapshot view. Rates subject to change. | ||
Terms | 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. | - |
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported | FDIC InsuredLow MinimumsGreat iOS App |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing Bank of America vs. Vio Bank
As of Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , compared to Vio Bank's 4.09% APY for its Online Savings Account, with a minimum balance of $0.
Vio Bank pays $408 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while Vio Bank pays $409 - an APY advantage for Vio Bank.
Why Bank of America?
- ✓Higher rated Android app (4.6 vs 3.4)
- ✓Fast transfers via Zelle® (up to $3,500 a day)
Why Vio Bank?
- ✓Higher potential APY (4.09% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
Vio BankVio Bank's Online Savings Account earns more on smaller deposits (approx. $409 vs $1/yr).
Better Returns at $25,000
Vio BankVio Bank's Online Savings Account pulls ahead with larger amounts (approx. $1023 vs $3/yr).
Best for Simplicity
Vio BankVio Bank's Online Savings Account offers 4.09% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Bank of AmericaBank of America offers an iOS app rated 4.8 (vs. 4.6) and Android app rated 4.6 (vs. 3.4)
Shared Benefits
Over a 1-year period, Vio Bank's Online Savings Account pays $408 more interest on a $10,000 balance than Bank of America's Advantage Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Vio Bank offers a significantly higher APY of 4.09% on its Online Savings Account, making it the clear winner compared to Bank of America's Advantage Savings, which yields only 0.01%. Vio Bank's account requires a minimum deposit of $100 and has no maintenance fees if electronic statements are selected, while Bank of America's account has an $8 monthly fee that can be waived under certain conditions. Both banks do not require direct deposit, but Vio Bank operates online-only, providing a straightforward savings option without additional requirements.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Bank of America vs. Vio Bank Savings Calculator
You earn $408 more with Vio Bank than Bank of America on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Bank of America
Advantage Savings
Savings Breakdown
- Interest Earned+$1.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,001.00
Vio Bank
Online Savings Account
Savings Breakdown
- Interest Earned+$409.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,409.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Bank of America | Vio Bank |
|---|---|---|
| APY | 0.01% Verified: 1/6/2026 Stable (90d) | 4.09% Verified: 1/6/2026 - |
| Product Name | Advantage Savings | Online Savings Account |
| Minimum Deposit | $100 | $100 |
| Min. Balance for APY | N/A | $0 |
| Monthly Fee | $8 | $0, if electronic statements selected, otherwise $5 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.6 | iOS4.6 Android3.4 |
| Zelle® Support | Available Limit: $3,500/dayFounding member; highest limits for established users. | Not Supported |
| BBB Rating | A+ | A+ |
| Important Notes | 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. | - |
| Next Steps | Visit SiteVerify at Bank of America Non-sponsored link to official site | Visit SiteVerify at Vio Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Bank of America | Vio Bank |
|---|---|---|
| Advantage Savings | Online Savings Account | |
Current APY | 0.01% | 4.09% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | -2.3 |
Days Since Change | 21 | 0 |
2-Month High | 0.03% | 4.21% |
2-Month Low | 0.01% | 4.09% |
Adjustments / Mo | 1.11 | 1.11 |
Volatility Score | 0.260 | 0.005 |
How to read these metrics(Click to expand)
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