Top Savings and Reward Checking Account at Vision Bank in Texas - Local Only

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Vision Bank - Texas has offered a very competitive reward checking account since 2009. I just noticed it also has a good deal on a savings account for large balances. It's the bank's Premier Savings Account which is a tiered-rate account with a top rate of 1.66% APY on balances of at least $100K. That competitive rate comes with a price. The rate goes way down to 0.30% for balances under $100K. Also, there's a $10 quarterly fee for balances under $100K. Another downside to the account is that it allows only 3 free withdrawals per quarter. These rates are listed in the bank's rates page as of 3/16/2011. More details about this account are described in the bank's Premier Savings Account page.

The 1.66% APY isn't much higher than the 1.51% APY that The Morrill & Janes Bank is currently offering on its nationally available checking account. However, since this Vision Bank savings account isn't available nationwide and since it has larger balance requirements, they may be better able to maintain the high rate.

Reward Checking

For those who want a high rate for smaller balances, Visions Bank continues to offer a very competitive rate on its reward checking account. As of 3/16/2011, the account has a 4.00% APY on balances up to $25K. I have more details in my Visions Bank reward checking account review.

Online Application for Certain Texas Counties

The bank has an online application, but at the top of the application it states that it only serves the following counties: Collin, Dallas, Denton, Rockwall, Tarrant and other contiguous counties within the state of Texas. In 2009 I was told by the bank rep that they do require a branch visit to complete the application process.

Bank Overview

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

The bank has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 1.61% (excellent) based on December 2010 data. Please refer to our financial overview of Visions Bank - Texas for more details. The bank has been a FDIC member since 2007 (FDIC Certificate # 58447).

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Comments
Ruth J.
Ruth J. (anonymous)   |     |   Comment #1
We have 2 reward checking accounts with this bank and they are great to do business with.  Well worth the trip to open an account.
Top 12-Month CD, Savings Account and Reward Checking Rates at Vision Bank Texas - Local Only

Vision Bank - Texas is offering a 1.71% APY 12-month CD. There's also a fairly competitive 6-month CD with a 1.20% APY. These rates are listed in the bank's deposit rates page as of 6/13/2010.

The bank continues to have a good deal on its reward checking account with a 4.18% APY on balances up to $25K as of 6/13/2010 (see account review).

For those with large savings, the bank offers a savings account with a 2.02% APY on a minimum balance of $100,000. This is also listed in the deposit rates...



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

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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...



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

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...

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