Dedicated to Deposits: Deals, Data, and Discussion

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


Vision Bank - Texas
Vision Bank - Texas continues to offer 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 12/03/09. Since there's a September date at the top of the rate table, I called the bank this morning and confirmed that this 2% APY is still available. The service rep didn't know how much longer it would last.

The bank also continues to have a good deal on its reward checking account with a 5.01% APY on balances up to $25K as of 12/03/09 (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 12/03/09. 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 Both ratings are based on 6/30/09 financial data. The bank has been a FDIC member since 2007 (FDIC Certificate # 58447).

Other Competitive Savings Account and CD Rates

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

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