6.00% 12-Month CD at a Dallas Bank - $125k min (ViewPoint)
Oct 10, 2006 - 6:08 PM by Ken Tumin
ViewPoint Bank is offering a Fall Special CD with an APY of 6.00% and a term of 12 months. The minimum deposit is $125k. Money must be new to the bank. The offer is good through October 31, 2006.
The bank has several branches in the Dallas metro area. According to the bank representative, the CD can be opened by mail and is available to those outside of Texas.
ViewPoint is a newly established bank that has been FDIC insured since January 2006. Note, you can go above $100k and still be FDIC insured for joint accounts and revocable trust accounts with qualifying beneficiaries (see FDIC page for more details).
Thanks to the reader who mentioned this deal in the finding deals post.
The bank has several branches in the Dallas metro area. According to the bank representative, the CD can be opened by mail and is available to those outside of Texas.
ViewPoint is a newly established bank that has been FDIC insured since January 2006. Note, you can go above $100k and still be FDIC insured for joint accounts and revocable trust accounts with qualifying beneficiaries (see FDIC page for more details).
Thanks to the reader who mentioned this deal in the finding deals post.
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Anonymous - #1, Wednesday, October 11, 2006 - 9:34 AM
Why would they force you to open with 125k when 25k of it wouldn't be insured? Does anyone know if there's any way to get this special with 100k or 99k?
Anonymous - #2, Wednesday, October 11, 2006 - 8:43 PM
they are not forcing you...take it or leave it!
Anonymous - #3, Wednesday, October 11, 2006 - 8:43 PM
Open a joint account and you'll be covered for 200K FDIC insurance.
Anonymous - #4, Wednesday, November 22, 2006 - 7:30 AM
Another way to increase the insurance to $200,000 (without adding a joint owner) is to add two pay on death (POD) beneficiaries, such as a spouse and a child or parent/s. Hope this helps.
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