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High-Yield Reward Checking Account at Vision Bank - Texas - Local Only


Vision Bank - Texas

Update 6/4/11: The top rate has fallen to 3.75% APY. Refer to the bottom of the post for the rate history.

Vision Bank - Texas is offering a reward checking account called Vision Rewards Checking. The account offers the following rates and features if certain monthly requirements are met:

  • 3.75% APY on balances up to $25,000
  • 0.50% APY on the portion of the balance over $25,000
  • 0.05% base rate if qualifications are not met
  • ATM fees refunded nationwide

The monthly requirements include:

  • 12 debit card purchases
  • 1 direct deposit or automatic payment
  • Receive e-Statements

Additional features of the account regardless of the monthly requirements include:

  • No minimum balance requirement
  • No monthly service charge
  • Free online Bill Pay

There's an online application, however, I was told by a bank representative that a branch visit is required to complete the application process. Update 12/11/09: The application now states that the bank only serves "areas of Collin, Dallas, Denton, Rockwall, Tarrant and other contiguous counties within the state of Texas."

It's a small bank with one office located in Richardson, Texas which is in the suburbs of Dallas.

Vision Bank - Texas has a 4-star rating (sound) for safety and soundness at based on 3/31/09 financial data. BauerFinancial still has it labeled as a start-up with no rating. The bank has been a FDIC member since 2007 (FDIC Certificate # 58447).

Thanks to the reader who mentioned this reward checking account in the comments.

Other Reward Checking Accounts

To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.

Rate History:

  • 06/02/11: 3.75% APY up to $25K
  • 08/11/10: 4.00% APY up to $25K
  • 03/23/10: 4.18% APY up to $25K; 0.50% over
  • 08/19/09: 5.01% APY up to $25K; 1.01% over; 0.05% base

  Tags: Vision Bank - Texas, Texas, checking account, reward checking account

Related Posts

Comment #1 by Anonymous posted on
Altana Credit Union (formerly Avanta) of Laurel Montana is offering a 10 month CD with a 2.59% APY and $500 min.;

Comment #2 by Anonymous posted on
Narrow-minded Texans!

Comment #3 by Duck (anonymous) posted on
"Narrow-minded Texans!" Ha Ha Ha That is funny true but funny Thanks for the laugh. I think I will be going down tommorow to open this will tell you how it goes

Comment #4 by Anonymous posted on
Certainly not a general remark, just toward those banks that accept certain cities... sorry:-)

Comment #5 by 51hh posted on
4.18% ($25K) as of 3/22/10; another 5% club member down the drain.