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Viewpoint Bank RCA Rate Change To 3%

Sunday, August 28, 2011 - 12:30 AMViewPoint Bank, National Association - Details
One of my friends went to open an account and they told him that the rate will go down to 3% from September. Not sure about the rate caps. Does anyone have any additional information?
5
saagarsaagar2 posts since
Aug 28, 2011
Rep Points: 8
1. Sunday, August 28, 2011 - 9:23 AM
This is one of the last few solid 4% ones; guess not solid enough.  Pretty sad.  Guess it is almost time to be ready to run to the RCA exit door.
1
51hh51hh1,461 posts since
Jan 16, 2010
Rep Points: 6,351
2. Monday, August 29, 2011 - 7:40 AM
Just did an on-line chat with one of Viewpoint's CSRs.  She was not aware of any rate change.
3
larkinlarkin62 posts since
Jun 18, 2010
Rep Points: 274
3. Thursday, September 1, 2011 - 10:53 AM
Turns out the CSR was wrong--Absolute Checking down to 3% as of today
3
larkinlarkin62 posts since
Jun 18, 2010
Rep Points: 274
4. Thursday, September 1, 2011 - 4:36 PM
Viewpoint Bank did not notify me of this rate change.  I consider this poor customer service and will avoid additional business with this bank.
2
waywardwayward49 posts since
Feb 17, 2011
Rep Points: 143
5. Thursday, September 1, 2011 - 8:32 PM
The website has dropped from 4% to 3% today September 1, 2011. It was an odd one with 15 debit card uses and paid the interest a month in arrears.
2
csmith777csmith77715 posts since
Jan 3, 2011
Rep Points: 29
6. Saturday, September 3, 2011 - 1:15 PM
I've had a Viewpoint Absolute Checking account for about 15 months. To my chagrin, the way I learned about the rate decrease from 4% to 3% was this comment on the 08/31/2011 statement that became available to me yesterday (09/02/2011). Other than that I was not notified.

   "Your Absolute Checking will earn the high rate of 3% APY on balances up to $25,000 during September."

After reading my statement, I checked the webpage for Absolute Checking and saw that it now shows a 3% APY:

   http://www.viewpointbank.com/home/personal/checking/absolutechecking

 

Another one bites the dust.
2
a_roga_rog12 posts since
Jan 17, 2010
Rep Points: 19
7. Saturday, September 10, 2011 - 11:38 AM
No notification here, either. I'd be mad but they're the 3rd bank now to drop the rate on me with no notification whatsoever, so it seems like SOP.

ViewPoint is a pretty good bank (we've been with them for years) and they held out at 4% longer than most others. Let's hope they can hold steady at 3%, which is still better than most rates out there.
2
tokamaktokamak2 posts since
Jun 10, 2011
Rep Points: 3
8. Tuesday, January 3, 2012 - 12:40 PM
Rewards Checking down to 2%...
1
larkinlarkin62 posts since
Jun 18, 2010
Rep Points: 274
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