No minimum balance and no maintenance fee. Additionally, Paramount Bank is a member of the Money Pass network of ATMs. To locate the closest fee free ATM please visit http://moneypass.com/atm-locator.html
Interest Checking
3.00% APY*
$100 minimum deposit required at open
People Driven, Digitally Empowered Banking
* The Annual Percentage Yield (APY) and the Rate of the Interest Checking Account is 3.00% as of April 26, 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 833.731.0229 for the most up to date rates. Member FDIC.
Proud that Paramount Bank is certified as meeting the CFEFund’s BankOn National Account Standards – with no overdraft fees, low monthly costs, and tools to help consumers manage their money. Learn more about how to open your own safe, affordable checking account today. Contact us today!
Interest Checking FAQ
What ATM system can I use?
Paramount Bank is part of the Money Pass network of ATMs. However, you can use the most convenient ATM to you.
Are there ATM fees for out-of-network transactions?
A third-party ATM may charge a convenience fee per transaction.
Do I need to make a certain number of transactions to get the interest?
No, you do not need to hit a certain number of transactions per month in order to receive the active interest rate benefit.
Will the interest rate change?
Changing interest rates on deposit accounts is a normal reality for banks across the country. However, Paramount Bank will work to benefit our customers as some of the highest-paid interest checking account holders in the country.
