Vio Bank offers competitive interest rates on their CDs and high yield savings account. The interest rates are much higher than typical brick and mortar bank rates. Vio Bank interest rates are competitive with other online accounts. They monitor their interest rates to keep them competitive with national rates.

Vio Bank accounts have low opening required amounts. All the different CD terms only require $500 to open. The high yield savings account only requires $100 to open.

Vio Bank offers a good variety of CD terms. The CDs range in length from six-month to 120-month terms. Each of the CDs requires $500 to open. They are all FDIC insured and can be opened online. The CD terms all earn competitive interest rates.

The savings account at Vio Bank does not have a monthly fee. There is no required balance to avoid a monthly fee. The CDs only have a fee if the money is withdrawn before the maturity date of the CD.

Vio Bank offers limited personal deposit accounts. Only a personal savings account and CDs are available. The CD terms range from six-months to 120-months. No checking or money market accounts are available.

Customers cannot reach a Vio Bank representative 24/7. Customer service has specific hours of operation. They are open Monday through Friday from 7:00 a.m. to 9:00 p.m. Central Time. Saturday they are open from 8:00 a.m. to 6:00 p.m. Sunday they open from 12:00 p.m. to 4:00 p.m.

Vio Bank does not offer business accounts. Only personal deposit accounts are available. Those accounts include a personal high yield savings account and CDs. The CDs range in term from six-month CDs to 120-month CDs.

Money can only be transferred from the savings account to external bank accounts. If you want to make a wire transfer, you must submit the forms 72 hours before the transfer takes place. Federal regulations only allow six withdrawals per month from your savings account.

Read the full Vio Bank review.

The Fifth Third Student Banking account does not have a monthly fee if the student is 16 years or older. There is no amount required to keep in the account. Five ATM transactions at non-Fifth Third ATMs are free each month.

There is not a set amount required to open a Fifth Third checking account or savings account.

The Fifth Third Goal Setter Savings account offers a one-time interest bonus when you reach your savings goal. The amount you receive is equal to the amount of interest you have earned while the account is open. The account must be open for at least 185 days. The savings goals can range from $500 to $25,000. Interest is only paid on balances under $50,000.

Fifth Third offers a variety of accounts for small or commercial businesses. Various checking accounts are available. These accounts vary to fit how much money your business deals with monthly. Savings accounts, CDs, loans, and credit cards are also available.

Most all Fifth Third accounts have a monthly maintenance fee. The savings accounts have a fee of $5 per month. The checking account fees range from $8 to $25 each month depending on the account. There are ways to have the fees waived, but those vary by account.

Not only do Fifth Third checking accounts have fees, but the requirements to waive the fee are tough. Having a direct deposit into the account lowers the fee but does not waive it. You must have at least $1,500 to $100,000 in Fifth Third accounts depending on the account. Spending $500 on a Fifth Third credit card waives the fees. Having a mortgage, loan, or line of credit with a balance also waives the fee.

Accounts are not offered everywhere. Fifth Third currently offers accounts in ten states. If you do not live in one of those ten states, you are not eligible to open a deposit account with Fifth Third.

The interest rates on accounts are low. Fifth Third rates are typical of other banks. They are not competitive with online-only bank accounts. The more money you invest, the better interest rates you will earn.

Read the full Fifth Third review.