Vision Bank has started a reward checking account with a yield of 3.11% APY on balances up to $100K (1.75% APY on balances over $100K) and offers refunds of ATM fees (up to $2.50 per transaction) if the typical reward checking requirements are met: 1) 10 debit card transactions per month, 2) one automatic deposit a month, and 3) receive electronic statements. If these requirements aren't met, the rate falls to 0.40%. There are no monthly service charge and no minimum monthly balance requirements. Bill pay is free. The minimum opening deposit is $100.
The rates for the reward checking account, VisionRewards, are listed at the bank's rate table.
The bank rep mentioned that a branch visit is required to open the account. Branches are located in Topeka, Kansas. The bank was established in 2005. It's FDIC insured (FDIC Certificate # 58000).
For other reward checking accounts in other parts of the country, please see my reward checking account page and my best checking account post.
Thanks to the reader who emailed me info on this account.
09/01/09: 3.11% APY up to $100K
01/02/09: 3.51% APY up to $100K; 1.75% over $100K
12/17/08: 4.00% APY up to $100K; 2.25% over $100K
03/27/08: 4.15% APY up to $100K
07/04/07: 6.01% APY up to $100K; 4.31% over $100K