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If your goal is to increase your savings, Interest Checking can be an effective way to build cash reserves without locking funds away in a savings account.
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* The Annual Percentage Yield (APY) and the Rate of the Interest Checking Account is 3.25% as of September 8, 2024 for accounts with balances up to $100,000.00, and accounts with balances over $100,000.00 will be paid 0.10% on the portion above $100,000.00. Rates are subject to change daily and fees may reduce earnings. $100 minimum initial deposit is required to open an account. The account must be funded within 30 days to remain open. APY may change at any time before or after account is opened. Call 314.731.0229 for the most up to date rates. Member FDIC.
** The Annual Percentage Yield (APY) is based on the FDIC Weekly National Rates and Rate Cap table, assuming at least a 12-month account with less than $100,000 deposited. Minimum $1,000 required to open a Certificate of Deposit account. Rates subject to change. Early withdraw penalties may apply. All Paramount Bank balance tiers are current as of September 8, 2024. Call 314.731.0229 for the most up to date rates. Member FDIC.