2.00% 6-Month CD at Vision Bank Texas - Local Only

Vision Bank - Texas is offering a 2.00% APY CD with terms of 181 days to 1 year. This rate is listed in the bank's deposit rates page as of 10/15/09.

The bank also has a good deal on its reward checking account with a 5.01% APY on balances up to $25K as of 10/15/09 (see account review).

For those with large savings, the bank offers a savings account with a 2.25% APY on a minimum balance of $100,000. This is also listed in the deposit rates page as of 10/15/09. If the balance drops below $100K, there's a $10 monthly fee and the rate drops way down to 0.30%. More details are located in the Vision Personal Premier Savings overview.

The bank has an online application, however, it states that the bank only serves "areas of Collin, Dallas, Denton, Rockwall, Tarrant and other contiguous counties within the state of Texas." I've been told by the bank that they do require a branch visit to complete the application process. It's a small bank with one office located in Richardson, Texas which is in the suburbs of Dallas.

The bank's ratings for safety and soundness are average: 3 stars (adequate) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 6/30/09 financial data. The bank has been a FDIC member since 2007 (FDIC Certificate # 58447).

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Tags: Vision Bank - Texas, CD rates, Texas, savings account