expiredthegman230 posted Jan 31, 2023 03:16 PM
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expiredthegman230 posted Jan 31, 2023 03:16 PM
Primis Bank: Open a Savings Account, Get
($1 minimum deposit)5.03% APY
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Deal Details
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.
Thanks to Community Member thegman230 for posting this deal.
Note: APYs are subject to change at any time without notice.
Key Features:
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
Written by StrawMan86 | Staff- About this deal:
- Primis Bank is an FDIC Member.
- Please refer to the forum thread for additional details & discussion. -StrawMan86
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
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.
Thanks to Community Member thegman230 for posting this deal.
Note: APYs are subject to change at any time without notice.
Key Features:
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
Written by StrawMan86 | Staff- About this deal:
- Primis Bank is an FDIC Member.
- Please refer to the forum thread for additional details & discussion. -StrawMan86
Community Voting
Deal Score
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Top Comments
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.
FDIC official website has a section for concernicus folks like you specifically:
https://www.fdic.gov/consumers/co...tions.html
478 Comments
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The checking account seems arguably more interesting too, usually easier to move funds around.
If FED raise the rate, how many days afterwards can we expect banks to raise the rate for savings account/CDs?
I wish someone offer same rate for 5 or 10 yr
And she stuck him up in the air
Said, "I sure do love this big brown beaver
And I wish I did have a pair."
Now the beaver once slept for seven days
And it gave us all an awful fright
So I tickled his chin, and I gave him a pinch
And the bastard tried to bite
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FDIC hasn't had to do this process since 2020 [fdic.gov].
There were only 12 failed banks where the FDIC could not find a bank to takeover since 2000 (all in the 2010-2013 range) (Search for no acquirer on this page [fdic.gov]). Covered depositors had checks mailed. Even then, the FDIC found banks to take over direct deposit responsibility for Social Security and Veterans benefits for those banks.
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I like them. No nonsense and their account is checking too! The only complaint I have is they do a poor job of updating some of their documentation and there is no phone support. That said, their email support has come through within hours for me usually and no more than 1-business day.
That's my experience.
The checking account seems arguably more interesting too, usually easier to move funds around.
I'm planning an exit strategy.
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