Available nationwide, Primis Bank is offering 4.75% APY when you open a Primis savings account.
The Primis Savings Account can be opened with a $1 minimum deposit, has no monthly fees, and all balances earning the stated APY.
Update 10/16/24: The rate has decreased to 4.75% APY from 5.07%.
About Primis Bank Savings
Primis is headquartered in Tappahannock and is the 8th largest bank in the state of Virginia. It is also the 360th largest bank in the nation. It was established in 2005 and as of June of 2022, it had grown to 480 employees at 38 locations. Primis’ savings rates are 8X the national average, and it has a B+ health rating.
| Balance Requirement | APY Rate |
| $1+ | 4.75% APY |
Primis Bank Savings Account Rate
- Account Type: Savings Account
- Interest Rate: 4.75% APY
- Availability: Nationwide.
- Branches in MD, VA (Locator)
- Minimum Balance: None
- Maximum Balance: None
- Credit inquiry: Soft Pull. ChexSystems inquiry only.
- Opening Deposit: $1 minimum
- Monthly Fees: None
- Early Termination Fee: None
(FDIC Insured)
Primis Bank ACH Capabilities and Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | 1-day | $30K | $100K | You can link up to 10 accounts |
| Pull | 1-day | $30K | $100K |
Editor’s Note: Still many unknowns for ACH Limits from Primis Bank. I highly recommend to use SoFi or CIT Bank Savings as your HUB account for all ACH transfers.
Important Details for Primis Bank
- Free incoming wires
- No limits on ACH transactions initiated from an external account.
- Free cashier’s checks; free pack of Primis branded checks for checking account.
- You can link accounts manually using routing information.
- You can add beneficiaries on the site.
Primis Bank Fee Schedule
- Domestic Outgoing Wire $5.00
- International/Domestic Incoming Wire $0
- International Outgoing Wire $35.00
- Return Wire $2.50
- Reverse Wire $5.00
- No account fees, no overdraft fees, no NSF fees, no check image fees, no stop payment fees, no incoming wire fees, no ATM fee
How to Earn Primis Bank Rate
- Open a new account with a minimum opening deposit of $1.
- Fill out your personal information – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account/transfer funds – Transfer funds electronically from an internal account here or an external account at another bank.
- Earn 4.75% APY on your deposits.
Why You Should Sign Up For This Account
- Only $1 needed to open
- No service fees
- No transaction limits
- Free incoming wires
- A straight-forward interest rate
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Bottom Line
Check out this offer from Primis Bank and open an savings account to earn the high rate today!
Interested in Bank Bonuses? See our favorite banks including U.S. Bank, HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on Primis Bank Savings Account.
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