Available for residents nationwide, Paramount Bank is offering a Money Market with 0.05% APY.
Continue reading below to learn everything you need to know about Paramount Bank.
About Paramount Bank Money Market Review
Paramount Bank is headquartered in Hazelwood, Missouri and was founded in 2004. The bank’s commitment to deliver market-leading deposit rates, product depth, best-in-class technology, and superior service to help clients meet their financial goals underscores why no two banks are the same.
CDs and IRA CDs are also offered with term lengths ranging from 7 days to 72 months.
They offer a competitive interest rate that, along with its money market account offering, targets consumers looking to maintain liquidity.
I’ll review Paramount Bank Money Market Checking below.
Paramount Bank Money Market 0.05% Rate
To earn Paramount Bank competitive rate, simply meet all the requirements. Once you qualify, you will start earning the 0.05% rate.
- Account Type: Money Market
- Interest Rate: 0.05% APY
- Minimum Balance: None
- Maximum Balance: None
- Availability: FL, OH, IL, MO, IA, TX, CA, KS, AZ
- Credit Inquiry: Unknown
- Opening Deposit: $100
- Credit Card Funding: Unknown
- Monthly Fee: None
- Early Termination Fee: None Listed
American Express® High Yield Savings Account - You earn 0.40% interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 7 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why:
*No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account.
*1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two.
*No loss of interest during transfers - On the day you initiate your transaction on the high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express High Yield Savings Account include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend.
|Aspiration||1.00% APY + $150 Cash||Review|
|Axos Bank High Yield Savings||Up to 0.61% APY||Review|
|Quontic Bank High Yield Savings||0.55% APY||Review|
|CIT Bank Money Market||0.45% APY||Review|
|American Express High Yield Savings||0.40% APY||Review|
|Discover Bank Online Savings||0.40% APY||Review|
|Axos Business Savings||0.20% APY + $100 Bonus||Review|
ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
Editor’s Note: Help us with the table above in the comment section if you have experience with ACH capabilities.
How to Earn Paramount Bank Rates:
- Open a Money Market account with a $100 opening deposit at.
- Maintain any balance amount and earn the 0.05% APY rate.
|Balance Requirement||APY Rate|
Why You Should Sign Up For This Account:
- No opening deposit
- There are no monthly fees
- Mobile Banking
- Free ATMs with MoneyPass®
- FDIC Insured
Paramount Bank is offering 0.05% APY when you open Money Market Account. This account is fairly easy to open and maintain though the rate is low.
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on Paramount Bank.