ViewPoint Bank's high interest checking account: 4% APY

July 26, 2009 1 Comment »

Update - ViewPoint Bank is no longer featuring a rewards checking account with an APY of 4.0%. As of July, 2012, their “Absolute Checking Account” is providing annual percentage yields of 2.0% on balances up to $25,000. Their requirements to earn this interest rate are the same as they were when we originally reported on this offer (details below). Compare this offer with the top rewards checking accounts in 2012.

- Offer from Archive - 

Here is another great high interest checking account available to people nationwide: ViewPoint Bank is currently offering an “absolute checking” account which is yielding an APY of 4.0% for balances up to $50,000. Many of the interest bearing checking accounts in which we have covered in the past have maximum balances of much less than $50k, so if you have a larger chunk of cash in which you are looking to plop into a high yield FDIC insured investment this may be your best bet (just make sure you can achieve the monthly requirements).

Benefits of Absolute Checking through ViewPoint Bank:

  • No monthly service charge
  • No minimum balance to earn interest
  • Free online bill-pay
  • Unlimited ATM transactions
  • Free checks
  • Free online banking with online statements and e-mail account alerts
  • 4.01% interest rate!

Requirements to earn the advertised interest rate:

  • Sign up for direct deposit OR actively use free online bill-pay
  • Receive your monthly bank statement and notices on your account electronically
  • Use your Absolute Checking Visa Check Card at least 15 times per month for purchases

ViewPoint Bank based out of Plano, Texas, is a relatively new bank (founded in 2006) that conducts most of it’s banking online. Although being founded less than 10 years ago, they have quickly grown to control roughly $2 billion in deposits and service almost $1.98 billion in loans.

Many consumers have reported being denied this ViewPoint “Absolute Checking Account.” If you have experience in opening this account, please share by leaving a comment.

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  • Rodney

    I applied for this account in 2011 and was denied despite the interest rate being WAAAAAAAAAAAAAY lower than 4 percent. It says it’s available throughout the US, but i live in Georgia and a rep said it was “sold out.”

    If you’re having the same problem check out the Bank of Georgia’s interest checking. Its around 2.50% right now.