What are the current interest rates at Paramount Bank?

Current rates for Paramount Bank include: 12-Month CD: 3.50%, 24-Month CD: 2.25%, 36-Month CD: 2.50%, 48-Month CD: 2.55%, Savings: 0.40%

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Paramount Bank Rates & Review June 2026

Q: How many branches does Paramount Bank operate?

Paramount Bank currently maintains approximately 3 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is there a first-time homebuyer program?

Currently, Paramount Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Paramount Bank provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: June 16, 2026

Paramount Bank's 12-Months CD & IRA - 12-Month rates are at 3.50%, 48-Months CD & IRA - 48-Month rates are at 2.55%, 36-Months CD & IRA - 36-Month rates are at 2.50%, 24-Months CD & IRA - 24-Month rates are at 2.25%. Paramount Bank's savings rates are at 0.40%. MonitorBankRates evaluates the financial stability of Paramount Bank with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 10.91%. Rates were last updated on 06/16/2026.

Paramount Bank money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Paramount Bank? Share your experience about Paramount Bank by leaving a review below, or read customer reviews before you decide to use Paramount Bank.

Verified Healthy Use This Badge on Your Bank Website

Overall Health & Safety Grade

Excellent Health Score: 95/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

10.91%

Excellent Higher than avg

Paramount Bank

90 Village Square Shop Ctr
Hazelwood, MO 63042

https://www.paramountbank.com

Paramount Bank CD Rates

Product	Rate	APY	Term
CD & IRA - 12 month	-	3.50%	12 Months
Min Deposit $1,000 Details Quarterly Post or Interest Checks Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.91%
CD & IRA - 48 month	-	2.55%	48 Months
Min Deposit $1,000 Details Quarterly Post or Interest Checks Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.91%
CD & IRA - 36 month	-	2.50%	36 Months
Min Deposit $1,000 Details Quarterly Post or Interest Checks Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.91%
CD & IRA - 24 month	-	2.25%	24 Months
Min Deposit $1,000 Details Quarterly Post or Interest Checks Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.91%

Paramount Bank Savings Rates

Product	Rate	APY	View More
Personal Savings Account	-	0.40%
Min Deposit $100 Details Rates are subject to change daily and fees may reduce earnings. APY may change at any time before or after account is opened. Call 314 .731.0229 for the most up to date rates. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.91%

Paramount Bank Checking Rates

Product	Rate	APY
Interest Checking	-	2.00%
Min Deposit $100 Min Balance $0 Details Qualifications Required: 1 direct deposit or ACH credit; 12 debit card purchases; e-statements enrollment; online banking enrollment/login; Rates are subject to change daily and fees may reduce earnings. The account must be funded within 30 days to remain open. APY may change at any time before or after account is opened. Call 314.731.0229 for the most up to date rates. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.91%
Interest Checking	-	0.10%
Min Deposit $100 Min Balance $100,000 Details Qualifications Required: 1 direct deposit or ACH credit; 12 debit card purchases; e-statements enrollment; online banking enrollment/login; Rates are subject to change daily and fees may reduce earnings. The account must be funded within 30 days to remain open. APY may change at any time before or after account is opened. Call 314.731.0229 for the most up to date rates. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.91%
Free Checking	-	0.00%
Min Deposit $100 Details No Fees Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.91%
Small Business Checking	-	0.00%
Min Deposit $100 Details No Fees Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.91%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Paramount Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Paramount Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Paramount Bank's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Paramount Bank

Bank Holding Company PARAMOUNT FINANCIAL GROUP INC

Address 90 Village Square Shop Ctr, Hazelwood, MO 63042 · St. Louis

Website https://www.paramountbank.com

FDIC Certificate # 57884

Established 12/30/2004

FDIC Insurance Date 12/30/2004

Domestic Offices 3

Total Branches 3

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

Overall Health Grade Score: 95/100

5.0

Exceptional Out of 5.0 Stars

10.91%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) -2.9038%

Return on Equity (ROE) -25.5100%

Non-Performing Loans (NPL) 0.00%

Total Assets $83,489,000

Total Deposits $69,057,000

Equity Capital $11,769,000

Net Income $1,131,000

Headquarters Hazelwood

Total Branches and Offices 3

Source: FDIC | Last Updated 12/31/2025

2026 MBR Health & Safety Badge

Paramount Bank earned the Verified Healthy badge

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Frequently Asked Questions About Paramount Bank

How many branches does Paramount Bank operate?

Paramount Bank currently maintains approximately 3 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Paramount Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Paramount Bank provides members with tools to manage their accounts and build a solid financial history.

Does Paramount Bank offer online and mobile banking?

Most modern institutions like Paramount Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.paramountbank.com.