Chime vs. Vio Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Chime vs. Vio Bank
Key Metrics at a Glance
| Feature | Chime | Vio Bank |
|---|---|---|
| Top Savings APY | 3.50% Chime Savings Account | 4.21% Online Savings Account |
| Minimum to Open | $0 | $100 |
| Minimum Balance for Top APY | $0.01 | $0 |
| Note | Chime® is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. To open a savings account you must first open a checking account. To qualify for Chime+ with the 3.50% APY, you must have a Chime Checking account and receive a direct deposit of at least $200. Otherwise, the APY is 1.00%. |
Chime
Strengths
- Chime offers a competitive APY of 3.50%, though it decreased from 3.75% last month.
- Chime has a high App Store rating of 4.8.
- Chime has no maintenance fees and a low minimum balance requirement of $0.01.
Potential Drawbacks
- Chime requires a direct deposit of $200 to qualify for the highest APY.
- Chime does not have any physical branches.
Vio Bank
Strengths
- Vio Bank offers a higher APY of 4.21% with no direct deposit requirement.
- Vio Bank has no maintenance fees if electronic statements are selected.
- Vio Bank is BBB Accredited, indicating a commitment to trustworthiness.
Potential Drawbacks
- Vio Bank has a lower App Store rating of 4.6 and a Google Play rating of 3.3.
- Vio Bank requires a minimum deposit of $100 to open an account.
→ As of November 12, 2025 Chime offers an APY of 3.50% for its Chime Savings Account, with a minimum balance of $0.01, compared to Vio Bank's 4.21% APY for its Online Savings Account, with a minimum balance of $0.
→ Vio Bank yields $71 more than Chime on a $10,000 balance after one year. Chime pays $350, while Vio Bank pays $421 - an APY advantage for Vio Bank.
Calculate Savings Growth for Chime vs Vio Bank
Chime - Chime Savings Account
Total savings breakdown:
- Interest earned: $2,114.1 (10.51%)
- Total contributions: $13,000 (64.63%)
- Initial deposit: $5,000 (24.86%)
Your total balance
$20,114.10
Total balance: $20,114.1
Earnings: $2,114.1
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, Chime's total earnings would be $456.7 lower than Vio Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Chime's vs Vio Bank's Savings Accounts
| Chime | Vio Bank | ||
|---|---|---|---|
| Product | Chime Savings Account | vs | Online Savings Account |
| APY | 1.00% - 3.50% (as of 11/12/2025) | 4.21% (as of 11/12/2025) | |
| Bundled Account | Yes | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $100 | |
| Minimum Balance for APY | $0.01 | $0 | |
| Maintenance Fee | $0 | $0, if electronic statements selected, otherwise $5 | |
| Direct Deposit Required | Yes. You need to receive a qualifying direct deposit of $200 or more within the preceding 34 days | No | |
| Note | Chime® is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. To open a savings account you must first open a checking account. To qualify for Chime+ with the 3.50% APY, you must have a Chime Checking account and receive a direct deposit of at least $200. Otherwise, the APY is 1.00%. | ||
| App Store Rating | 4.8/5 | 4.6/5 | |
| Google Play Rating | 4.7/5 | 3.3/5 | |
| BBB Rating | A+ | A+ |
No historical data available.