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When you put your money into a bank account, not only do you want your hard earned cash to be safe — you also want it to grow.
Yet the money you earn in interest at most banks these days is downright pitiful. You’ll be lucky if you earn a quarter at the end of the year.
But an online bank called Vio has one of the highest earning rates you’ll see — up to 70% higher than other high-yield bank accounts. That could be some serious interest in your account every month.
Earn 1.03% APY* on Your Savings
If you’re looking for a solid bank to keep your savings in and earn more interest on it, Vio is an online-only bank offering 1.03% APY* (Annual Percentage Yield) to help your money grow in a money market. Other high-yield savings accounts’ interest rates don’t come close — the closest is more than 70% less.
Not only does it pay well, but it also costs nothing to open an account (but you do need to transfer at least $100 to keep it open).
Security is also top notch. You can depend on bank-level encryption, FDIC insurance up to $250,000, with the highest level security you can obtain.
There’s a reason why Vio has been named the best high-yield savings account by websites like Fox Business, CNet and CNBC. And it has an A+ rating from the Better Business Bureau.
If you’re looking for a better place to grow your money, open a free Vio Cornerstone Money Market Savings Account.
Online banking has proven to have better rates than brick and mortar banks, thanks to the lower overhead costs. So if you’re ready to earn more, Vio could be the right place for your funds.
If you’re ready to save smarter and earn more, it takes just a few minutes to apply for a free account with Vio.
Kari Faber is a staff writer at The Penny Hoarder.
*See viobank.com for more details.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.