Carver Bank vs. Vio Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Carver BankHigh Yield Savings Jan 7, 2026 | Vio BankOnline Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 4.00% | 4.09% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $5,000+$205 $10,000+$409 $25,000+$1,023 |
Min Deposit | $5,000 | $100 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® 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 Carver Bank vs. Vio Bank
As of Carver Bank offers an APY of 4.00% for its High Yield Savings account, with a minimum balance of $5,000, compared to Vio Bank's 4.09% APY for its Online Savings Account, with a minimum balance of $0.
Vio Bank pays $9 more than Carver Bank on a $10,000 balance after one year. Carver Bank pays $400, while Vio Bank pays $409 - an APY advantage for Vio Bank.
Why Carver Bank?
- ✓Higher rated Android app (4.5 vs 3.4)
- ✓Fast transfers via Zelle®
Why Vio Bank?
No distinct advantages found vs Carver Bank.
Shared Benefits
Over a 1-year period, Vio Bank's Online Savings Account pays $9 more interest on a $10,000 balance than Carver Bank's High Yield 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 competitive Online Savings Account with an APY of 4.09%, making it the winner in this comparison. In contrast, Carver Bank's High Yield Savings account provides a slightly lower APY of 4.00%. Both accounts require no maintenance fees if certain conditions are met, and they are online-only, ensuring easy access. Vio Bank has a lower minimum deposit requirement of $100 compared to Carver Bank's $5,000, which may appeal to a broader range of customers. Both banks do not require direct deposit for their savings products.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Carver Bank vs. Vio Bank Savings Calculator
You earn $9 more with Vio Bank than Carver Bank 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.
Carver Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
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 | Carver Bank | Vio Bank |
|---|---|---|
| APY | 4.00% Verified: 1/7/2026 Stable (90d) | 4.09% Verified: 1/7/2026 - |
| Product Name | High Yield Savings | Online Savings Account |
| Minimum Deposit | $5,000 | $100 |
| Min. Balance for APY | $5,000 | $0 |
| Monthly Fee | $0, of minimum balance requirement met. Otherwise $6. | $0, if electronic statements selected, otherwise $5 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android4.5 | iOS4.6 Android3.4 |
| Zelle® Support | Available Full native integration in digital banking. | Not Supported |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Carver Bank 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 | Carver Bank | Vio Bank |
|---|---|---|
| High Yield Savings | Online Savings Account | |
Current APY | 4.00% | 4.09% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | -2.7 |
Days Since Change | 54 | 1 |
2-Month High | 4.00% | 4.21% |
2-Month Low | 4.00% | 4.09% |
Adjustments / Mo | 0.00 | 1.09 |
Volatility Score | 0.000 | 0.005 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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