Vista Bank is offering a high-yield reward checking account called VistaSmart Checking. It has the following rates and features if certain monthly requirements are met:
- 4.51% APY on balances up to $30,000 (as of 4/13/2010)
- ATM fees refunded nationwide, up to $25 per month
- $4.99 monthly service fee waived
Note, I only see the top rate listed on the bank's home page in a rotating ad. No other rates are listed.
The high top rate is nice, but there's a much higher-than-normal debit card usage requirement. Here are all the monthly requirements:
- 30 debit card purchases
- 2 direct deposit or ACH transactions
- Receive e-statements
It appears that a branch visit is required to open an account. Branches are located in several North Texas cities including Lubbock, Ralls and Plainview.
The bank's ratings for safety and soundness are strong with a DepositAccounts.com overall health score of 4 out of 5. The bank has been a FDIC member since 1934 (FDIC Certificate # 1210).
Thanks to the reader who emailed me news of this reward checking account.
Other High-Yield Reward Checking Accounts
Refer to the reward checking section of DepositAccounts.com to find reward checking accounts in your state or that are available nationwide.