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expiredthegman230 posted Jan 31, 2023 3:16 PM

Primis Bank: Open a Savings Account, Get

5.03% APY

($1 minimum deposit)
139K 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
Good Deal
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478 Comments

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Feb 1, 2023 12:58 AM
297 Comments
Joined Nov 2015
SB88Feb 1, 2023 12:58 AM
297 Comments
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 1, 2023 12:58 AM
941 Comments
Joined Jul 2007
fubagFeb 1, 2023 12:58 AM
941 Comments
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 1, 2023 1:00 AM
61 Comments
Joined Aug 2017
KrazyDesiFeb 1, 2023 1:00 AM
61 Comments
if CD rates goto 6% i would lock it for 5 years thats risk free better than stock market
Feb 1, 2023 1:01 AM
271 Comments
Joined Sep 2017
desi_mundaFeb 1, 2023 1:01 AM
271 Comments
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 1, 2023 1:02 AM
271 Comments
Joined Sep 2017
desi_mundaFeb 1, 2023 1:02 AM
271 Comments
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 1, 2023 1:04 AM
941 Comments
Joined Jul 2007
fubagFeb 1, 2023 1:04 AM
941 Comments
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 1, 2023 1:12 AM
764 Comments
Joined Dec 2011
lentmFeb 1, 2023 1:12 AM
764 Comments
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 1, 2023 1:37 AM
4.9K Comments
Joined Mar 2005
thegman230
Original Poster
Feb 1, 2023 1:37 AM
4.9K Comments
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 1, 2023 1:43 AM
6 Comments
Joined Jan 2019
MandarP4485Feb 1, 2023 1:43 AM
6 Comments
Primis is not that good ..healthwise. Always check bank health on this link
https://www.depositaccounts.com/banks
Feb 1, 2023 1:48 AM
107 Comments
Joined Jul 2013
lowdoughFeb 1, 2023 1:48 AM
107 Comments
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 1, 2023 2:03 AM
89 Comments
Joined Nov 2011
missjenniferdFeb 1, 2023 2:03 AM
89 Comments
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 1, 2023 2:14 AM
608 Comments
Joined Jul 2009
D3als0nWh33lsFeb 1, 2023 2:14 AM
608 Comments
Quote from tearyprince :
Get money back when..2 years?
Took voyager under a year to return USD.
Feb 1, 2023 2:14 AM
34 Comments
Joined Nov 2020
SmilingManatee958Feb 1, 2023 2:14 AM
34 Comments

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 1, 2023 2:23 AM
34 Comments
Joined Nov 2020
SmilingManatee958Feb 1, 2023 2:23 AM
34 Comments
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 1, 2023 2:30 AM
30 Comments
Joined Feb 2022

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