My Banking Direct vs. Vio Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | My Banking DirectHigh Yield Savings Account Jan 9, 2026 | Vio BankOnline Savings Account Jan 9, 2026 |
|---|---|---|
| APY | 4.02% | 4.09% |
Est. Earnings | $5,000+$201 $10,000+$402 $25,000+$1,005 | $5,000+$205 $10,000+$409 $25,000+$1,023 |
Min Deposit | $500 | $100 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsGreat 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 4.20% APY.
Comparison Analysis
Comparing My Banking Direct vs. Vio Bank
As of My Banking Direct offers an APY of 4.02% for its High Yield Savings Account, with a minimum balance of $1, compared to Vio Bank's 4.09% APY for its Online Savings Account, with a minimum balance of $0.
Vio Bank pays $7 more than My Banking Direct on a $10,000 balance after one year. My Banking Direct pays $402, while Vio Bank pays $409 - an APY advantage for Vio Bank.
Why My Banking Direct?
- ✓Higher rated Android app (4.3 vs 3.4)
- ✓Fast transfers via Zelle®
Why Vio Bank?
No distinct advantages found vs My Banking Direct.
Shared Benefits
Over a 1-year period, Vio Bank's Online Savings Account pays $7 more interest on a $10,000 balance than My Banking Direct's High Yield Savings Account.
*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 a higher APY of 4.09%, making it the winner in this comparison. In contrast, My Banking Direct provides a High Yield Savings Account with a slightly lower APY of 4.02%. Both accounts are online-only and have no maintenance fees, with Vio Bank requiring a minimum deposit of $100 and My Banking Direct requiring $500. Additionally, both accounts do not require direct deposit, providing flexibility for customers.
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
My Banking Direct vs. Vio Bank Savings Calculator
You earn $7 more with Vio Bank than My Banking Direct 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.
My Banking Direct
High Yield Savings Account
Savings Breakdown
- Interest Earned+$402.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,402.00
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 | My Banking Direct | Vio Bank |
|---|---|---|
| APY | 4.02% Verified: 1/9/2026 ↘︎ 0.18%90d Change | 4.09% Verified: 1/9/2026 - |
| Product Name | High Yield Savings Account | Online Savings Account |
| Minimum Deposit | $500 | $100 |
| Min. Balance for APY | $1 | $0 |
| Monthly Fee | $0 | $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 Android4.3 | iOS4.6 Android3.4 |
| Zelle® Support | Available Uses Flagstar/NYCB parent infrastructure. | Not Supported |
| BBB Rating | F | A+ |
| Next Steps | Visit SiteVerify at My Banking Direct 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 | My Banking Direct | Vio Bank |
|---|---|---|
| High Yield Savings Account | Online Savings Account | |
Current APY | 4.02% | 4.09% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.5 | -3.1 |
Days Since Change | 55 | 3 |
2-Month High | 4.11% | 4.21% |
2-Month Low | 4.02% | 4.09% |
Adjustments / Mo | 0.53 | 1.05 |
Volatility Score | 0.003 | 0.006 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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