Sorry, this deal has expired. Get notified of deals like this in the future. Add Deal Alert for this Item
Frontpage Deal

Primis Bank: Open a Savings Account, Get EXPIRED

5.03% APY
($1 minimum deposit)
thegman230
+63 Deal Score
121,898 Views
Primis Bank is offering their Primis Savings Account at 5.03% APY with $1 minimum deposit.

Thanks to Community Member thegman230 for posting this deal.

Note: APYs are subject to change at any time without notice.

Key Features:
  • A straight-forward interest rate: 4.92% with an annual percentage yield (APY) of 5.03%.
    • APY effective 01/30/2023, no minimum balance required to obtain APY and fees may reduce earnings. This account is only available online. To open a comparable account at a branch visit a location near you (Maryland & Virginia).
  • Open for just $1
  • Free services, like incoming wires
  • Easy, simple banking
  • No Minimum Balances
  • No Service Fees
  • No Transaction Limits

Editor's Notes & Price Research

Written by
  • About this deal:
  • Please refer to the forum thread for additional details & discussion. -StrawMan86
  • Deal Image
Deal Image
See Deal
Share
Good deal?
You gave rep to thegman230 for this post.
Thank you!
thegman230 posted this deal. Say thanks!

Original Post

Written by
Edited February 1, 2023 at 03:54 PM by
Sounds too good to be true. Anyone have any experience with this bank? This is that crazy high rate for a liquid account. Applies to both savings and checking accounts below.

Savings:

https://primisbank.com/personal-savings/


Checking

https://primisbank.com/primis-premium/

Savings account disclosure: Thanks Johnzm
https://imgur.io/cwXbJ7s
Add Comment
Reply
in Financial Tools & Services (6)
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.

Check Out Similar Finance Deals

View All
T-Mobile Customers 3/28/23: 30% off Fanatics.com, BOGO Auntie Annes, 10 cent Shell gas discount* & more
$0.00
8 177
100,000 Bonus Points - Marriott Bonvoy Credit Cards from Chase
$0.00
12 7
Frontpage Deal
Great Clips
2023 Great Clips 1/15/24 - $5 off
$5 Off
118 60
Wells Fargo B&M (opened at branch) Open a NEW Savings account with $25K in new money, keep it there 90 days, earn $525 bonus (=8%+ APY annualized) expires 6.27
$0.00
11 116
Frontpage Deal
H&R Block Tax Software Deluxe + State 2022 (Windows or Mac Digital Download) $20
$20
29 118
BIG LOTS REWARDS (SELECT ACCOUNTS Highly Targeted) $10 off $20 Q valid in store or online to 4/29
$0.00
5 1
Deal
Score +63
121,898 Views
5.03% APY
See Deal
About the OP
Send Message
Pro
Joined Mar 2005 L8: Grand Teacher
529 Reputation Points
6 Deals Posted
329 Votes Submitted
3,798 Comments Posted
Questions & Answers BETA
Ask our community of deal experts a question about this deal, product, or store.

464 Comments

View Forum Thread
12345

Your comment cannot be blank.

Featured Comments

But CFG Bank has limits according to their website:
Once funding occurs the daily external transfer limit for the CFG High Yield Money Market Account is $5,000. Your external transfers may not exceed $30,000 in a 30-day rolling period.
·
I'm getting tired of moving my money around chasing the APY. They should be coming up again after tomorrow's FED meeting too.
·
Nope, usually paid out within a few business days.

FDIC official website has a section for concernicus folks like you specifically:
https://www.fdic.gov/consumers/co...tions.html
·

Sign up for a Slickdeals account to remove this ad.

Joined Feb 2019
L2: Beginner
> bubble2 29 Posts
14 Reputation
01-31-2023 at 07:28 AM.
#1
I'm getting tired of moving my money around chasing the APY. They should be coming up again after tomorrow's FED meeting too.
56
>
1
1
Like
>
Funny
>
Helpful
Not helpful
Joined Mar 2005
L8: Grand Teacher
> bubble2 3,798 Posts
529 Reputation
Original Poster
Pro
01-31-2023 at 07:45 AM.
#2
Quote from SharpMeat9093 :
I'm getting tired of moving my money around chasing the APY. They should be coming up again after tomorrow's FED meeting too.
Haha. They actually did this right now before the meeting to beat other banks to it. The rate is based on the almost 1 bp they are raising.

Just had a lengthy conversation with them and they do seem legit. Asked many questions as well. They have branches as well.
12
4
Like
>
Funny
>
Helpful
Not helpful
Last edited by thegman230 January 31, 2023 at 07:58 AM.
Joined Feb 2005
L3: Novice
> bubble2 109 Posts
44 Reputation
01-31-2023 at 08:59 AM.
#3
https://banks.data.fdic.gov/bankfind-suite/bankfind?activeStatus=0%20OR%201&branchOffices=true&name=... [fdic.gov]

They are FDIC insured. That's a great deal. FYI this is a great site to find lots of them:

https://www.depositaccounts.com/savings/
15
Like
>
Funny
>
Helpful
Not helpful
Joined Feb 2019
L2: Beginner
> bubble2 29 Posts
14 Reputation
01-31-2023 at 09:35 AM.
#4
Quote from thegman230 :
Haha. They actually did this right now before the meeting to beat other banks to it. The rate is based on the almost 1 bp they are raising.

Just had a lengthy conversation with them and they do seem legit. Asked many questions as well. They have branches as well.
1 pb, I can only hope!
1
>
1
5
Like
>
Funny
>
Helpful
Not helpful
Joined Dec 2006
L2: Beginner
> bubble2 88 Posts
45 Reputation
01-31-2023 at 10:04 AM.
#5
Would expect to see 3% or higher CD's but they offer less than 2.0% rates on 18-24months so would love to see prior rates at this bank for checking/savings..

https://digital.primisbank.com/br...rsonal/CDA

Would bet they will lower the 5% soon.
6
>
1
Like
>
Funny
>
Helpful
Not helpful
Joined Dec 2005
My # is bigger than yours
> bubble2 36,202 Posts
6,420 Reputation
01-31-2023 at 10:12 AM.
#6
"This isn't just talk – we are developing programs and supporting organizations – like the Forward Foundation and Human Kind – that provide more than a hand out or even a hand up. Instead, Primis is offering a foundation on which women and girls can build their future."

I saw a similar episode of Seinfeld.... the Human Fund.
7
>
6
>
1
1
Like
>
Funny
>
Helpful
Not helpful
Joined Jan 2017
Royal Saver
> bubble2 52 Posts
14 Reputation
01-31-2023 at 10:37 AM.
#7
I find their executive bio's very bizarrely written... FDIC insured doesnt mean they wont collapse soon
9
1
Like
>
Funny
>
Helpful
Not helpful

Sign up for a Slickdeals account to remove this ad.

Joined Jul 2007
L5: Journeyman
> bubble2 610 Posts
183 Reputation
01-31-2023 at 10:38 AM.
#8
meh feels like a classic bait and switch; just stick to CFG Bank for something reputable that raise their interest rates without any gimmicks
5
3
Like
>
Funny
>
Helpful
Not helpful
Joined Aug 2008
L6: Expert
> bubble2 1,410 Posts
623 Reputation
01-31-2023 at 10:50 AM.
#9
Quote from tearyprince :
I find their executive bio's very bizarrely written... FDIC insured doesnt mean they wont collapse soon
But it does mean if they collapse you will get your money back from Uncle Sam (up to the limit ofc).
8
>
1
Like
>
Funny
>
Helpful
Not helpful
Joined Jan 2017
Royal Saver
> bubble2 52 Posts
14 Reputation
01-31-2023 at 10:53 AM.
#10
Quote from cuoreesitante :
But it does mean if they collapse you will get your money back from Uncle Sam (up to the limit ofc).
Get money back when..2 years?
12
5
Like
>
Funny
>
Helpful
Not helpful
Joined Nov 2009
L2: Beginner
> bubble2 50 Posts
10 Reputation

Our community has rated this post as helpful. If you agree, why not thank

01-31-2023 at 10:53 AM.
#11
Quote from fubag :
meh feels like a classic bait and switch; just stick to CFG Bank for something reputable that raise their interest rates without any gimmicks
But CFG Bank has limits according to their website:
Once funding occurs the daily external transfer limit for the CFG High Yield Money Market Account is $5,000. Your external transfers may not exceed $30,000 in a 30-day rolling period.
15
>
4
Like
>
Funny
>
Helpful
Not helpful
Joined Jul 2007
L5: Journeyman
> bubble2 610 Posts
183 Reputation
01-31-2023 at 11:06 AM.
#12
Quote from kickflip :
But CFG Bank has limits according to their website:
Once funding occurs the daily external transfer limit for the CFG High Yield Money Market Account is $5,000. Your external transfers may not exceed $30,000 in a 30-day rolling period.
No limits using external ach tranfers...non issue for me using outside hub accounts
8
1
Like
>
Funny
>
Helpful
Not helpful
Joined Nov 2010
"Buy Low-Live High"
> bubble2 3,024 Posts
555 Reputation
01-31-2023 at 11:11 AM.
#13
Quote from tearyprince :
I find their executive bio's very bizarrely written... FDIC insured doesnt mean they wont collapse soon
Probably AI driven.
2
2
Like
>
Funny
>
Helpful
Not helpful
Page 1 of 31
12345
Start the ConversationAdd a Comment
 

Trending Stores

Coupons for Popular Stores

</