This account, with its high rate of earning interest, is designed to
maximize the earning potential for those individuals with high
balances. In fact, it offers high-balance customers the benefits of a
savings account without the limitations. For example, in an
interest-bearing savings account, there is a limited amount of
withdrawals allowed before penalties are incurred. However, with the
Premier Plus Account, customers are free to make as many withdrawals
and write as many checks as they would like. It requires one monthly
ACH credit, such as a direct deposit from payroll or a social security
payment. There is a $12 monthly service charge for balances below
$2,500, unless there is a $5,000 combined average collected deposit
relationship. See below for more detailed information about this new
account:
Balance |
Interest Rate |
$2,500-$10,000 |
1.49% |
$10,000-$25,000 |
2.23% |
$25,000-$50,000 |
2.72% |
$50,000 and over |
3.20% |
- Free cashier's checks and traveler's checks
- Standard checks free, 50% discount on check orders
- 20% discount on any size safe deposit boxes
- Eligible for Preferred Money Market
- 25 basis point loan rate discount, exlucing HELOC and first mortgage
For more information about Paragon National Bank's other personal banking accounts, please follow the link to Personal Banking.