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Paragon Introduces New Premier Plus Checking Account

03-25-07

Paragon National Bank has recently unveiled a new product in its line of diverse banking products: the Premier Plus Checking Account.

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:

Interest Rates for Premier Plus 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%  

Other Benefits of the Premier Plus Account

  • 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.

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