Openbank vs. Vio Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Openbank vs. Vio Bank
Key Metrics at a Glance
| Feature | Openbank | Vio Bank |
|---|---|---|
| Top Savings APY | 4.20% High-Yield Savings Account | 4.21% Online Savings Account |
| Minimum to Open | $500 | $100 |
| Minimum Balance for Top APY | $0 | $0 |
Openbank
Strengths
- Openbank offers a competitive APY of 4.20%.
- No maintenance fees are charged for the High-Yield Savings Account.
- No minimum balance is required to maintain the account.
Potential Drawbacks
- Openbank is not BBB Accredited and has no rating.
- The App Store rating for Openbank is only 3.2.
- Openbank has no branches available.
Vio Bank
Strengths
- Vio Bank has a higher BBB rating of A+ and is BBB Accredited.
- Vio Bank's App Store rating is significantly higher at 4.6.
- The Online Savings Account requires a lower minimum deposit of $100.
Potential Drawbacks
- Vio Bank offers a slightly lower APY of 4.21%.
- A maintenance fee of $5 applies if electronic statements are not selected.
- Vio Bank also has no branches available.
→ As of November 12, 2025 Openbank offers an APY of 4.20% for its High-Yield Savings Account, with a minimum balance of $0, compared to Vio Bank's 4.21% APY for its Online Savings Account, with a minimum balance of $0.
→ Vio Bank yields $1 more than Openbank on a $10,000 balance after one year. Openbank pays $420, while Vio Bank pays $421 - an APY advantage for Vio Bank.
Calculate Savings Growth for Openbank vs Vio Bank
Openbank - High-Yield Savings Account
Total savings breakdown:
- Interest earned: $2,564.3 (12.47%)
- Total contributions: $13,000 (63.22%)
- Initial deposit: $5,000 (24.31%)
Your total balance
$20,564.30
Total balance: $20,564.3
Earnings: $2,564.3
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, Openbank's total earnings would be $6.5 lower than Vio Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Openbank's vs Vio Bank's Savings Accounts
| Openbank | Vio Bank | ||
|---|---|---|---|
| Product | High-Yield Savings Account | vs | Online Savings Account |
| APY | 4.20% (as of 11/12/2025) | 4.21% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Monthly | Daily | |
| Minimum Deposit | $500 | $100 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0, if electronic statements selected, otherwise $5 | |
| Direct Deposit Required | No | No | |
| App Store Rating | 3.2/5 | 4.6/5 | |
| Google Play Rating | 3.2/5 | 3.3/5 | |
| BBB Rating | Not Rated | A+ |
No historical data available.