Market Overview

Vio Bank Focuses on High Yield Savings and CD Accounts; Backed by One of the Strongest Banks in the U.S.

Share:

Vio Bank Focuses on High Yield Savings and CD Accounts; Backed by One of the Strongest Banks in the U.S.

New National Online Bank Rates Trend Above The National Average

PR Newswire

OKLAHOMA CITY, Aug. 8, 2018 /PRNewswire/ -- Vio Bank (viobank.com) is a new national online bank that offers some of the best rates on certificates of deposit and savings accounts in the nation. Vio Bank was designed for individuals seeking great rates, the convenience of opening an account online and superior customer service.

REASONS TO INVEST IN CDs OR HIGH-YIELD SAVINGS ACCOUNTS

What differentiates Vio Bank is that it is backed by MidFirst Bank, one of the largest and strongest privately-owned banks in the nation.  This flexibility and strength allows Vio Bank to instantly focus on customer needs and to implement its unique approach to customer service.  Vio Bank customers will receive the same quality service that earned MidFirst Bank the highest score in the nation in the 2018 J.D. Power Retail Banking Satisfaction Study.  

"Vio Bank's approach is simple. We focus on offering some of the best rates in the nation on CD and savings accounts, paired with a commitment to exceptional customer service," said Derek Caswell, marketing director for Vio Bank. "Equally important is that as a division of MidFirst Bank, Vio Bank customers' deposits are FDIC insured and backed by one of the strongest banks in the nation." 

Vio Bank provides customers the opportunity to easily maximize earnings on their savings, whether for everyday savings or for longer term goals such as retirement.  Through the Vio Bank online platform, customers can transfer funds between accounts and banks, setup an automatic savings plan, and view their account balances at their convenience.

The experts at Vio Bank understand that savings planning is highly individualized; however a few general guidelines regarding CDs and savings accounts follow:

  • Opt for a savings account if there is a need to access money in the near future.
  • A CD is a good option if the money isn't needed immediately and a guaranteed interest rate is appealing.  
  • One way to balance access to funds and maximize the return on investment is to open multiple CD accounts with varying term lengths, also known as CD laddering.  A CD ladder strategy provides for the maturing of CD investments across time, while earning a higher rate of return on the funds that aren't needed immediately. 

Visit Vio Bank at viobank.com to learn more and to see the most current rates.

About Vio Bank
Established in 2018, Vio Bank is a national online bank division of MidFirst Bank, one of the largest privately-owned banks in the United States. As part of the MidFirst family, Vio Bank shares in its foundational philosophies and focus to help guide and shape its unparalleled customer commitment. Vio Bank is dedicated to offering some of the best online CD and high-yield savings rates in the nation, tied to some of the best products and services available anywhere. For more information visit viobank.com, call 888-999-9170 or visit the Vio Facebook page.

About MidFirst Bank
With more than $15 billion in assets, Oklahoma City-based MidFirst Bank ranks as one of the largest privately-owned banks in the country. MidFirst Bank has retail banking centers in Oklahoma, Arizona, California, Colorado, and Texas, and provides commercial lending, wealth management, private banking and mortgage servicing nationally.

MidFirst Bank recently received the highest score of any bank in the nation in the J.D. Power 2018 U.S. Retail Customer Satisfaction Study. This award is a testament of concerted effort by MidFirst Bank to provide an exceptional customer experience.

Vio Bank Logo

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/vio-bank-focuses-on-high-yield-savings-and-cd-accounts-backed-by-one-of-the-strongest-banks-in-the-us-300694082.html

SOURCE Vio Bank

View Comments and Join the Discussion!