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Paramount Bank Money Market Review: 0.05% APY (Many States)

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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.

Note: Want to earn big bonuses? See our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA Bank or CIT Bank.

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
0.05% APY Rate with Paramount Bank

(FDIC Insured)

*Best Hub Bank Account- Very Important Account If You Chase Bank Rate*

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/Money Market Offers You May Like
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.
FEATURED BANK RATES
PROMOTIONAL LINKOFFERREVIEW
Aspiration 1.00% APY + $150 CashReview
Axos Bank High Yield Savings Up to 0.61% APYReview
Quontic Bank High Yield Savings 0.55% APYReview
CIT Bank Money Market0.45% APYReview
American Express High Yield Savings0.40% APYReview
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
Push ? ? ? ?
Pull ? ? ? ?

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:

  1. Open a Money Market account with a $100 opening deposit at.
  2. Maintain any balance amount and earn the 0.05% APY rate.
Balance Requirement APY Rate
$0.01+ 0.05% APY

Why You Should Sign Up For This Account:

  • No opening deposit
  • There are no monthly fees
  • Mobile Banking
  • Free ATMs with MoneyPass®
  • FDIC Insured

Bottom Line

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.

Bank Offers You May Like
See our best bank bonuses updated daily to earn up to $1,000 in free money. Find popular checking offers such as Chase Bank, HSBC Bank, TD Bank, Huntington Bank, Axos Bank, Discover Bank, Citi, BMO Harris and Capital One. See our best rates for Savings and CD.
FEATURED BANK PROMOTIONS
PROMOTIONAL LINKOFFERREVIEW
Chase Business Complete BankingSM$300 CashReview
Citi Priority Account Up to $1,500 Cash Bonus
with required activities.		Review
HSBC Premier Checking Member FDIC$450 CashReview
HSBC Premier Checking Member FDICUp To $600Review
Chase Total Checking®$225 CashReview
Chase Secure BankingSM$100 CashReview
Huntington 25 Checking$300 CashReview
TD Bank Beyond Checking$300 CashReview
TD Bank Convenience CheckingSM$150 CashReview
Discover Cashback Debit Account$360 CashReview
Huntington Bank Unlimited Plus Business Checking$750 CashReview
Huntington Bank Unlimited Business Checking$400 CashReview
Huntington Bank Business Checking 100$200 CashReview
SoFi Money$100 CashReview
Capital One 360 Checking$150 CashReview
BMO Harris Bank Checking$300 CashReview
Citigold Account Up to $1,500 Cash Bonus
with required activities.		Review
Aspiration Spend & Save Account$150 CashReview
Axos Bank Basic Business Checking$100 CashReview
Axos Business Savings$100 CashReview
Acorns Spend Checking $75 CashReview
Ally Invest Up to $3,000 CashReview
American Express High Yield Savings0.40% APYReview
BlockFi Up To $250 BTC Review
Voyager (code ANTJZL)$25 In BTCReview
Coinbase$10 In BTCReview
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Editorial Disclosure: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.