Paramount Bank Interest Checking

Paramount Bank Interest Checking Review

Paramount Bank Interest Checking is offered by Paramount Bank, a bank founded in 1993 and based in Hazelwood, MO. Paramount Bank Interest Checking are available in 50 states (and Washington, DC).

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 2%, which is much higher than the average for a checking account.
• $0 monthly fee. This account does not charge any monthly account fees.
• $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
• Bill pay. Pay your bills to practically anyone in the United States through Paramount Bank.

Paramount Bank Interest Checking Pros & Cons

Paramount Bank Interest Checking FAQ

Are checking accounts from Paramount Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #57884). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Paramount Bank Interest Checking offer?

Paramount Bank Interest Checking offers an APY starting at 0.1% and ranging up to 2% (APY stands for annual percentage yield, rates may change).

What are the account minimums for Paramount Bank Interest Checking?

Paramount Bank Interest Checking requires a minimum initial deposit of $100 to open an account.

What fees does Paramount Bank Interest Checking charge?

The good news is that this account does not have a monthly Service Charge.

What features and perks does Paramount Bank Interest Checking offer?

This account includes the following features:

• Fraud monitoring - Paramount Bank Interest Checking monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
• Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - Paramount Bank Interest Checking allows you to manage your money online or with a mobile app.

What is the customer support email for Paramount Bank Interest Checking?

The customer support email for Paramount Bank Interest Checking is customercare@paramountbank.com.