Vio Bank vs. Wells Fargo
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Vio BankOnline Savings Account Jan 7, 2026 | Wells FargoPlatinum Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.09% | 0.05% |
Est. Earnings | $5,000+$205 $10,000+$409 $25,000+$1,023 | $5,000+$3 $10,000+$5 $25,000+$13 |
Min Deposit | $100 | $25 |
Snapshot view. Rates subject to change. | ||
Terms | - | This is a tiered savings account where rates vary based on the balance. The 0.05% APY is available for balances of $1,000,000 or more, and 0.05% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details. |
| Features | FDIC InsuredLow MinimumsGreat iOS App | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedChecking Bundle |
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 Vio Bank vs. Wells Fargo
As of Vio Bank offers an APY of 4.09% for its Online Savings Account, with a minimum balance of $0, compared to Wells Fargo's 0.05% APY for its Platinum Savings account, with a minimum balance of $1,000,000.
Vio Bank pays $404 more than Wells Fargo on a $10,000 balance after one year. Vio Bank pays $409, while Wells Fargo pays $5 - an APY advantage for Vio Bank.
In addition, Wells Fargo also offers 0.01% APY for the Way2Save Savings account, with a minimum balance of $0.
Why Vio Bank?
- ✓Higher potential APY (4.09% vs 0.01%-0.05%) on all balances
- ✓No checking account or direct deposit required
Why Wells Fargo?
- ✓Physical branch access (Wells Fargo offers branches and ATMs in 36 states and Washington, D.C.)
- ✓Higher rated Android app (4.8 vs 3.4)
- ✓Offers 2 different high-yield savings options
- ✓Fast transfers via Zelle® (up to $3,500 a day)
— Key Feature Differences —
Better Returns at $10,000
Vio BankVio Bank's Online Savings Account earns more on smaller deposits (approx. $409 vs $5/yr).
Better Returns at $25,000
Vio BankVio Bank's Online Savings Account pulls ahead with larger amounts (approx. $1023 vs $13/yr).
Best for Simplicity
Vio BankVio Bank's Online Savings Account offers 4.09% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Wells FargoWells Fargo offers an iOS app rated 4.9 (vs. 4.6) and Android app rated 4.8 (vs. 3.4)
Shared Benefits
Over a 1-year period, Vio Bank's Online Savings Account pays $404 more interest on a $10,000 balance than Wells Fargo's Platinum 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 a notable APY of 4.09%, providing better returns on both small and large deposits without requiring direct deposit or bundling. In contrast, Wells Fargo's savings options, including the Way2Save Savings and Platinum Savings accounts, yield significantly lower APYs of 0.01% and 0.05% respectively, with the latter requiring a linked Premier checking account for optimal rates. While Wells Fargo does not operate online-only, Vio Bank's account is exclusively available online, making it a strong choice for those seeking higher interest rates and simplicity.
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
Vio Bank vs. Wells Fargo Savings Calculator
You earn $404 more with Vio Bank than Wells Fargo 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.
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
Wells Fargo
Platinum Savings
Higher APY requires $1,000,000
Savings Breakdown
- Interest Earned+$5.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,005.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Vio Bank | Wells Fargo |
|---|---|---|
| APY | 4.09% Verified: 1/7/2026 - | 0.05% Range: 0.05% - 0.05% Verified: 1/7/2026 ↘︎ 2.46%90d Change |
| Product Name | Online Savings Account | Platinum Savings |
| Minimum Deposit | $100 | $25 |
| Min. Balance for APY | $0 | $1,000,000 |
| Monthly Fee | $0, if electronic statements selected, otherwise $5 | $12. Waived with $3,500 minimum daily balance. |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.6 Android3.4 | iOS4.9 Android4.8 |
| Zelle® Support | Not Supported | Available Limit: $3,500/dayFounding member; zero fees to replace wires. |
| BBB Rating | A+ | D- |
| Important Notes | - | This is a tiered savings account where rates vary based on the balance. The 0.05% APY is available for balances of $1,000,000 or more, and 0.05% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details. |
| Next Steps | Visit SiteVerify at Vio Bank Non-sponsored link to official site | Visit SiteVerify at Wells Fargo Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Vio Bank | Wells Fargo | |
|---|---|---|---|
| Online Savings Account | Platinum Savings | Way2Save Savings | |
Current APY | 4.09% | 0.05% | 0.01% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -2.6 | -0.0 | 0.0 |
Days Since Change | 1 | 54 | 54 |
2-Month High | 4.21% | 0.05% | 0.01% |
2-Month Low | 4.09% | 0.05% | 0.01% |
Adjustments / Mo | 1.09 | 0.00 | 0.00 |
Volatility Score | 0.005 | 0.000 | 0.000 |
How to read these metrics(Click to expand)
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