Do checking accounts earn interest? Honestly, most don’t. The majority of people use a checking account to pay bills, get their direct deposit from work and make transactions using a debit card.

But what if you like to keep a larger balance in your account? Shouldn’t you be making your money work for you? Now is the time to take advantage of one of the highest interest checking accounts available in the St. Louis market: Premier Checking.

Keep reading to learn more about Premier Checking and to see if it’s the right way for you to earn a higher rate on your checking account balance.

View current Premier Checking rates

How do I open a Premier Checking account?

Do checking accounts earn interest with a minimum balance requirement?

When you open a Premier Checking account, you’ll earn interest on balances up to $15,000. To avoid a monthly $5.00 account maintenance fee, all you need to do is keep an average daily balance of at least $2,500.

Are there any transaction requirements?

You’ll need to make a minimum of 15 debit card purchases a month on your account. This becomes a lot easier when you get an instant-issue debit card when you open an account at a branch. You can even set up your debit card on Google or Apply Pay for seamless, mobile transactions.

Do I need to set up direct deposit?

You’ll need to set up a direct deposit of any amount into your new Premier Checking account. Switching direct deposit is easy when you have online + mobile banking. No need to visit a branch if you open your account online.

What if I don’t have enough to earn?

If you feel that you can’t meet the minimum requirements to earn interest on a Premier Checking account, we got you. Open a Free Checking account to take care of your everyday transactions with no minimum balance requirements.

Learn about Free Checking

Highest earning checking accounts vs. other deposit accounts

You’ll start to earn a lower interest rate on any funds above $15,000 you have in your Premier Checking account. If you’re looking for other savings vehicles to earn money, we have you covered.

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