Sofi Bank vs. Vio Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of SoFi Bank vs. Vio Bank
Key Metrics at a Glance
| Feature | SoFi Bank | Vio Bank |
|---|---|---|
| Top Savings APY | 4.30% SoFi Savings | 4.21% Online Savings Account |
| Minimum to Open | $0 | $100 |
| Minimum Balance for Top APY | $0 | $0 |
| Note | Limited offer: you can earn a 0.70% APY boost for 6 months, making the total APY 4.30%. This requires either a direct deposit of regular income, or a $10/month subscription. See terms at SoFi Bank. The savings account comes bundled with a checking account. |
SoFi Bank
Strengths
- SoFi Bank offers a higher APY of 4.30% compared to Vio Bank's 4.21%.
- SoFi Bank has no minimum deposit requirement for opening an account.
- SoFi Bank has a higher App Store rating of 4.8 compared to Vio Bank's 4.6.
Potential Drawbacks
- SoFi Bank's APY decreased from 4.50% over the last 30 days.
- SoFi Bank requires direct deposit or a subscription for the highest APY.
- SoFi Bank has no physical branches.
Vio Bank
Strengths
- Vio Bank is BBB Accredited, providing additional trustworthiness.
- Vio Bank has a lower minimum deposit of $100 for its savings account.
- Vio Bank has a lower maintenance fee if electronic statements are selected.
Potential Drawbacks
- Vio Bank's APY of 4.21% is lower than SoFi Bank's 4.30%.
- Vio Bank has a lower Google Play rating of 3.3 compared to SoFi Bank's 4.1.
- Vio Bank has no physical branches.
→ As of November 12, 2025 SoFi Bank offers an APY of 4.30% for its SoFi 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.
→ SoFi Bank yields $9 more than Vio Bank on a $10,000 balance after one year. SoFi Bank pays $430, while Vio Bank pays $421 - an APY advantage for SoFi Bank.
Calculate Savings Growth for SoFi Bank vs Vio Bank
SoFi Bank - SoFi Savings
Total savings breakdown:
- Interest earned: $2,629.4 (12.75%)
- Total contributions: $13,000 (63.02%)
- Initial deposit: $5,000 (24.24%)
Your total balance
$20,629.40
Total balance: $20,629.4
Earnings: $2,629.4
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, SoFi Bank's total earnings would be $58.6 higher than Vio Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare SoFi Bank's vs Vio Bank's Savings Accounts
| SoFi Bank | Vio Bank | ||
|---|---|---|---|
| Product | SoFi Savings | vs | Online Savings Account |
| APY | 4.30% (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 | $0 | |
| Maintenance Fee | $0 | $0, if electronic statements selected, otherwise $5 | |
| Direct Deposit Required | No. Without direct deposit or "Qualifying Deposits" the APY will be significantly lower | No | |
| Note | Limited offer: you can earn a 0.70% APY boost for 6 months, making the total APY 4.30%. This requires either a direct deposit of regular income, or a $10/month subscription. See terms at SoFi Bank. The savings account comes bundled with a checking account. | ||
| App Store Rating | 4.8/5 | 4.6/5 | |
| Google Play Rating | 4.1/5 | 3.3/5 | |
| BBB Rating | A+ | A+ |
No historical data available.