Paramount “High Interest Checking” is no longer available.
They now have an “Interest Checking” with a low rate.
“The Annual Percentage Yield (APY) and the Rate of the Interest Checking Account is 0.30% as of July 10, 2021 for accounts with balances up to $99,999.99”
goldsheet
@goldsheet
Posts made by goldsheet
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RE: Best Nationally Available High APY Liquid Accounts
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RE: Best Nationally Available High APY Liquid Accounts
Top one on list dropped
Paramount High Interest Checking was 0.75%, now 0.65% -
RE: Best Nationally Available High APY Liquid Accounts
Minor changes
CFG Bank Online High Yield Money Market was 0.62%, now 0.59%
Brio High-Yield Money Market was 0.60%, now 0.55%
Prime Alliance Personal Savings was 0.60%, now 0.50%
All America Bank Mega MM was 0.50%, now 0.40%
Redneck Mega MM was 0.50%, now 0.40%
Popular Direct Select Savings 0.45%
(Popular Direct Ultimate and Exclusive no longer offered)
Salem Five eOne Savings was 0.45%, now 0.40%
Synchrony Bank HYS was 0.40%, now UP to 0.50%
Envision Bank Savvy Savings was 0.30%, now 0.25%Note: went through entire list down to Envision Bank Savvy Savings
Figured 0.25% and less wasn’t worth the effort -
RE: Best Nationally Available High APY Liquid Accounts
First Foundation was 0.60%, now 0.50%
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RE: Best Nationally Available High APY Liquid Accounts
Vio Bank now has a “Cornerstone Money Market Account” paying 0.61%
a little better than their 0.57% “High Yield Online Savings Account”
(very easy to open and fund new account if you already have savings account)
https://www.viobank.com/cornerstone-money-market -
RE: Best Nationally Available High APY Liquid Accounts
Brio Direct now offers a “High-Yield Money Market” at 0.60%
https://www.briodirectbanking.com/high-yield-money-market/If you currently have the Brio Direct “High Yield Savings” at only 0.40% it should be easy to move to new higher rate account.
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RE: Best Nationally Available High APY Liquid Accounts
From Deposit Accounts
"Another rate cut that wasn’t straightforward was at Paramount Bank. The Bank added a balance cap to its High-Interest Checking Account. Before this change, the interest rate was 0.85% on all balances. Now the 0.85% applies only to balances under $100k. According to the small print, “0.10% for accounts with balances over $100,000.00.” This sounds like the entire $100k+ balance will earn only 0.10% rather than only the portion of the balance over $100k. In either case, customers should no longer maintain balances above $100k in this account."UPDATE (04/09/2021): I spoke to them on the phone today and was told accounts opened prior to March 24 are grandfathered and will earn 0.85% on the ENTIRE balance.
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RE: Best Nationally Available High APY Liquid Accounts
@atikovi Deposits over $250k are privately insured by Depositors Insurance Fund (DIF).
https://www.difxs.com/DIF/Home.aspx
Massachusetts-based member banks only.
https://www.difxs.com/DIF/DIFMemberBanks.aspx -
RE: Best Nationally Available High APY Liquid Accounts
New fintech: ZYNLO Bank (FDIC/DIF Insured)
Services provided by PeoplesBank, Holyoke, MA.
Open your More Money Market Account today
Use the promo code “BANK” to qualify for a special rate of 1.25%
UPDATE: Just tried to open an account and it is not available in 4 states:
California, Connecticut, Massachusetts, and New York. (good in 46 others)
(post subject to moderator deletion since not “Nationally Available” )
https://zynlobank.com/bank/ -
RE: Best Nationally Available High APY Liquid Accounts
Deleted my T-Mobile MONEY posts