Update 3/17/24: Exciting news! Primis Bank is now offering an incredible 6.00% APY on their Novus checking account for the first 6 months, up to $50,000. All you need to do is deposit $1200 within 60 days of opening. To continue receiving this amazing rate, just make a monthly direct deposit of $1,200 or more; otherwise, you’ll still earn a solid base rate of 4%. Big thanks to our reader PaulinTexas for the tip!
Update 6/9/23: Hold the phone – it appears that Primis Bank has frozen some customers’ accounts without explanation. If you’re affected, consider filing complaints with CFPB, FDIC, and BBB to get some answers and action.
Update 2/17/23: Good news for those who snagged the 5.03% rate – Primis Bank has officially confirmed that it will stay for now. Keep enjoying those high returns!
Update 2/16/23: The latest update – the rate has been trimmed to 4.35% for both accounts. Check out other high-APY options here. Existing customers should be relieved to know that they will still receive the 5.03% rate. Phew!
The Offer
Primis Checking | Primis Savings
- Get an impressive 5.03% APY on Primis Bank’s fee-free checking account – no minimums, no requirements.
- Also, enjoy a superb 5.03% APY on their fee-free savings account – no strings attached.
Rest assured, Primis Bank is FDIC insured.
Our Verdict
At a whopping 5.03% APY, Primis Bank’s savings rate beats out all other regular savings accounts and even CD rates. And don’t overlook the 5.03% rate on a checking account – that’s practically unheard of in the industry. Let’s keep an eye on Primis Bank to see if they can sustain this high rate over time.
If you have any experience with Primis Bank or these accounts, please share your thoughts and reviews. It’s always helpful to hear from real customers. And remember, there are minimal requirements like a soft pull and no credit card funding.
Kudos to reader CO
