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expiredthegman230 posted Jan 31, 2023 03:16 PM
expiredthegman230 posted Jan 31, 2023 03:16 PM

Primis Bank: Open a Savings Account, Get

($1 minimum deposit)

5.03% APY

479 Comments 135,759 Views
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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.

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

Written by StrawMan86 | Staff
  • About this deal:
  • Please refer to the forum thread for additional details & discussion. -StrawMan86

Original Post

Written by thegman230
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.

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

Written by StrawMan86 | Staff
  • About this deal:
  • Please refer to the forum thread for additional details & discussion. -StrawMan86

Original Post

Written by thegman230

Community Voting

Deal Score
+63
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Top Comments

kickflip
63 Posts
10 Reputation
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.
SharpMeat9093
49 Posts
22 Reputation
I'm getting tired of moving my money around chasing the APY. They should be coming up again after tomorrow's FED meeting too.
cuoreesitante
2022 Posts
711 Reputation
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

478 Comments

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Feb 01, 2023 12:58 AM
282 Posts
Joined Nov 2015
SB88Feb 01, 2023 12:58 AM
282 Posts
Quote from bchill :
Redneck Bank is pretty good if you stay below 75K. They are always near the top.
wtf?! Never heard of this bank before but it exists!
Feb 01, 2023 12:58 AM
922 Posts
Joined Jul 2007
fubagFeb 01, 2023 12:58 AM
922 Posts
Quote from jneset :
3.75 or 3.85? Cuz my savings is only 3.75.
Thought I was only one who figured out the overdraft protection trick with Sofi.

Everyone on here chases the high % and complains about the dumbest things for maybe an extra $100/yr…
Lol figured out overdraft protection myself recently with sofi so stupid of them to differ the percentage b/w both accounts tho
Feb 01, 2023 01:00 AM
59 Posts
Joined Aug 2017
KrazyDesiFeb 01, 2023 01:00 AM
59 Posts
if CD rates goto 6% i would lock it for 5 years thats risk free better than stock market
Feb 01, 2023 01:01 AM
263 Posts
Joined Sep 2017
desi_mundaFeb 01, 2023 01:01 AM
263 Posts
Quote from jneset :
3.75 or 3.85? Cuz my savings is only 3.75.
Thought I was only one who figured out the overdraft protection trick with Sofi.

Everyone on here chases the high % and complains about the dumbest things for maybe an extra $100/yr…
Sorry its 3.75%.
Feb 01, 2023 01:02 AM
263 Posts
Joined Sep 2017
desi_mundaFeb 01, 2023 01:02 AM
263 Posts
Quote from fubag :
It's 3.75% on savings with sofi and ACH isn't always next day sometimes 2-3 days depending on amount I've used it
Correct. 3.75%. Do you start your transfer from Sofi or external bank? I do from Sofi.
Feb 01, 2023 01:04 AM
922 Posts
Joined Jul 2007
fubagFeb 01, 2023 01:04 AM
922 Posts
Quote from desi_munda :
Correct. 3.75%. Do you start your transfer from Sofi or external bank? I do from Sofi.
Sofi; under like $750 or so seems like next day but over that and delivery window becomes up to 3 business days to linked external accounts
Feb 01, 2023 01:12 AM
743 Posts
Joined Dec 2011
lentmFeb 01, 2023 01:12 AM
743 Posts
Thinking of opening their checking account. Do they also require such as 10 debit card transactions every month to keep the high interest rate? Any other restrictions?

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Original Poster
Feb 01, 2023 01:37 AM
4,720 Posts
Joined Mar 2005
thegman230
Original Poster
Feb 01, 2023 01:37 AM
4,720 Posts
Quote from lentm :
Thinking of opening their checking account. Do they also require such as 10 debit card transactions every month to keep the high interest rate? Any other restrictions?
None required
Feb 01, 2023 01:43 AM
6 Posts
Joined Jan 2019
MandarP4485Feb 01, 2023 01:43 AM
6 Posts
Primis is not that good ..healthwise. Always check bank health on this link
https://www.depositaccounts.com/banks
Feb 01, 2023 01:48 AM
99 Posts
Joined Jul 2013
lowdoughFeb 01, 2023 01:48 AM
99 Posts
Quote from cgigate :
you can choose manually verified by depositing two micro amount to external account
That's what I'd expected, but couldn't find. Were you able to actually do that?
Feb 01, 2023 02:03 AM
88 Posts
Joined Nov 2011
missjenniferdFeb 01, 2023 02:03 AM
88 Posts
Quote from lowdough :
That's what I'd expected, but couldn't find. Were you able to actually do that?
I found it accidentally by mistyping my banks name. Type jumbled letters and you'll see the option automatically.
Feb 01, 2023 02:14 AM
574 Posts
Joined Jul 2009
D3als0nWh33lsFeb 01, 2023 02:14 AM
574 Posts
Quote from tearyprince :
Get money back when..2 years?
Took voyager under a year to return USD.
Feb 01, 2023 02:14 AM
34 Posts
Joined Nov 2020
SmilingManatee958Feb 01, 2023 02:14 AM
34 Posts

Our community has rated this post as helpful. If you agree, why not thank SmilingManatee958

Quote from cattlet1 :
People should read the details. MySavingsDirect requires 60 day advance written notice of any intended withdrawal before you can get your funds. These guys look like a regular bank, and probably won't have such crazy restrictions.
from PRIMIS fine print:
III.3. Restrictions; Limits. In most cases you may use Online Banking to gain access to deposit accounts in which you have an unrestricted right to withdraw funds. However, the Financial Institution, as it may determine at any time and from time to time in its sole discretion, may deny Online Banking account access, restrict Online Banking account transactions, or place limits on the specific dollar amount of funds that may be withdrawn or transferred from any account.
2
Feb 01, 2023 02:23 AM
34 Posts
Joined Nov 2020
SmilingManatee958Feb 01, 2023 02:23 AM
34 Posts
Quote from waryman :
Nope...ALL banks, literally all of them, have this in their policy. No one enforces it.
Not true but Emigrant g its spinoffs have it when you point it out to a rep, they say it's never been enforced.

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Feb 01, 2023 02:30 AM
26 Posts
Joined Feb 2022

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