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
+63
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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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1) How often is interest calculated? Daily vs Weekly?
2) How often is interest credited? Monthly?
3) Are there any early account closure fees?
https://redneck.bank/accounts/mega-money-market
www.joinenzo.co
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.
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https://www.depositacco
Just had a lengthy conversation with them and they do seem legit. Asked many questions as well. They have branches as well.
Perhaps you should ask what their rates were 2 weeks ago? Why did they jump to 5% when they did (to beat other banks and get people to sign up)? What is their history of rate increases over the last year? How quick are they to react? Are they going to bait people with 5% and not raise again for the rest of year? Your post provides no information that helpful or relevant to people making a decision on whether to open an account here or not.
Jokes aside this is the year to deploy cash into total market etfs (for less risk tolerant folks) Beat down individual stocks (for average risk tolerant individuals) Bitcoin, Ethereum, litecoin, Cardano, and other crypto projects with actual utility for the high risk takers!
Banks are loading up on capital to deploy into the market and pay you a small percentage of the overall return they earn on your money.
Sincerely ,
Your average financial advisor…
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