Interest Checking
2.25% APY*
No Fees
No Monthly Requirement
OPEN
Apply now for our interest checking account.
EARN
Earn Towards Personal Goals. Interest Checking pays you a percentage based on how big your balance is.
BENEFITS
Interest Checking gives you easy withdrawal access to your money. Account holders get a free Visa Debit Card and pay no fees at any ATMs in the MoneyPass network. With the Paramount Bank app, you can see all of your account information any time, day or night.
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.
The Annual Percentage Yield (APY) and the Rate of the Interest Checking Account is 2.25% as of April 18, 2025 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.
