Vio Bank offers a wide variety of CD terms. There are 11 different CD terms available through Vio Bank. The terms range from 6-months to 120-months. Each of the CD terms can be opened online. You must be 18 years or older to open an account with Vio.

The Vio Bank CDs offer competitive interest rates. The rates are competitive with other online accounts. They are much higher than typical bank rates. Each term offers rates competitive with other online CDs of the same term length. Vio Bank regularly monitors interest rates. This helps to ensure their rates are competitive with national rates.

The amount required to open Vio Bank CDs is low. Each CD only requires $500 to open. You can open any of the CDs online, with that set amount. With the required opening amount, you will earn the competitive interest rates on the CD.

When you open a CD with Vio Bank, you can choose how often and how to receive earned interest. Choose how often your interest credits to your CD. There may be options on what account to have the interest credit to as well. If you close your account before the interest credits, you will not receive your earned interest.

Vio Bank CDs are not eligible for fund transfers. Only the savings accounts are eligible for the fund's transfer. If you try to transfer funds to or from your Vio Bank CD, you will receive an error message.

To withdraw money from the CDs before the maturity date has a set penalty and a fee for terms longer than 31 days. For terms 31 days or shorter, the penalty is all the earned interest on the withdrawn amount. For terms from 32 days to 12 months, the penalty is one percent on the withdrawn amount and a $25 fee. For terms longer than 12-months, the penalty is three percent of the withdrawn amount and a fee of $25.

Vio Bank does not offer an interest rate guarantee. The rate on the day you open your Vio Bank CD is the rate you earn for the life of the CD term. If the rates increase shortly after opening your account, your CD rate will not increase.

Vio Bank is an entirely online bank. Customer service has specific hours and ways to contact them. Reach a representative through phone, email, or mail. Vio does offer extended customer service hours. But, a representative is not available anytime.

Read the full Vio Bank review.

MYSB Direct CDs offer competitive interest rates. Their rates are competitive with other online CDs. They are much higher than the typical bank rates. Even the shorter-term CDs offer competitive interest rates. Those rates are very competitive with short-term online CDs.

There are a good variety of CD terms available through MYSB Direct. The terms range from three months to 72-months. Between these terms, there are a total of nine different CDs. MYSB Direct CDs are entirely online CDs.

You can open each of the MYSB Direct CD terms entirely online. These CDs range in terms from three-months to 72-month terms. The application is available on the M.Y. Safra Bank website.

The opening required amounts for MYSB Direct CDs are low. The MYSB Direct accounts require either $500, $750, or $1,000 to open. The required opening balances vary depending on the CD term.

The MYSB Direct CDs offer competitive interest rates on their terms. But there is not an interest rate guarantee. If the interest rates increase shortly after you open your CD, your rates will not increase. MYSB Direct guarantees rates for the life of the CD term.

MYSB Direct is an online division of M.Y. Safra Bank. These accounts are entirely online. Customer service for these accounts is not available 24/7. Reach customer service through email, phone, mail, or their branch location in New York. Customer service hours are Monday-Friday from 9 a.m. to 4 p.m. EST.

To deposit money into MYSB Direct CDs, you must link an account. The account can be another M.Y. Safra account or an external account. Because MYSB Direct accounts are entirely online, electronic transfers are necessary.

You cannot add money to your MYSB Direct accounts after the initial deposit. Once you open the CD, you must wait until it reaches maturity to add money to the CD. The opening required amounts for the MYSB Direct CDs is $500, $750, or $1,000 depending on the term.

Read the full My Safra Bank FSB review.