Primis Bank: Savings Accounts & Rates

Savings rates updated: 11/11/2025

Mission statement: Banksparency aims to make Primis Bank's savings accounts transparent and comparable to those of other banks. .

Note: Interest rates below are reported as APY, or Annual Percentage Yield

We earn a commission if you open an account through some links on this page.

Savings Overview

Primis Savings Account: 3.85% APY(Rank 48 out of 82 tracked HYSAs)

Minimum Deposit: $1 | Online Only

National Savings Interest Rate: 0.4% (as of 10/20/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

Location: Glen Allen, Virginia

Founded: 2005

Affiliation: Primis Financial Corp. (Nasdaq: FRST) is the holding company for Primis Bank

Access to Branches: Locations in Virginia

Deposit Insurance: FDIC Cert # 57968

BBB Rating: A+ (Not BBB Accredited)

App Store Rating: 4.6/5

Google Play Rating: 4.8/5

Website: Visit Primis Bank

Our Take on Primis Bank

Highlights

Current APY of 3.85%, unchanged from 30 days ago
No maintenance fees or minimum balance requirements
High App Store rating of 4.6
High Google Play rating of 4.8

Considerations

Not available in Puerto Rico or other US territories
Not BBB Accredited despite A+ rating
Online-only account may limit access
Direct deposit not required, but may deter some users

Summary: Primis Bank offers a competitive APY of 3.85% on its Primis Savings Account, with no maintenance fees or minimum balance requirements. The bank has strong ratings, with a 4.6 on the App Store and 4.8 on Google Play, though it is not BBB Accredited despite an A+ rating. It's important to note that the account is online-only and not available in Puerto Rico or other US territories, which may limit accessibility for some users.

Savings Account: In-Depth View

Savings Account Offered by Primis Bank

Feature	Primis Savings Account
APY	3.85% (as of 11/11/2025)
APY Trend	-0.35% QoQ
Minimum Deposit	$1
Minimum Balance for APY	$0
FDIC-insured	Yes
Online Only	Yes
Bundled Account	No
Direct Deposit Required	No
Compound Frequency	Monthly
Maintenance Fee	$0
Eligibility	United States
Note	Primis deposit accounts are not available in Puerto Rico or other US territories.
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for Primis Bank

All calculations are based on APY.

Savings Product:

Primis Savings Account (APY: 3.85%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,506.4 (9.71%)
Total contributions: $13,000 (83.84%)
Initial deposit: $1,000 (6.45%)

Your total balance

$15,506.40

Effective APY: 3.85% (based on your deposit and contributions)

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Primis Bank Savings Rates Over Time

Historical APY Insights

Metric	Primis Savings Account
Latest APY	3.85 %
Trend	Falling
Slope (bps/mo)	-6.3
Rate Changes / Mo	0.22
Days Since Last Change	49
High (-9 m)	4.35 %
Low (-9 m)	3.85 %
Draw-down from High	-11.5 %
Volatility (CV)	0.047

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 9 months (regression slope).
Slope (bps/mo): Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo: Typical number of APY moves per month.
Days Since Last Change: Recency of the latest APY adjustment.
High (-9 m): Highest APY in the last 270 days.
Low (-9 m): Lowest APY in the last 270 days.
Draw-down from High: How far today sits below the 9-month peak.
Volatility (CV): Coefficient of variation = stdev ÷ mean.

Why Track Savings-Account APYs?

See how quickly a bank reacts to Fed moves or competition.
Gauge “twitchiness” - frequent moves can annoy savers.
Spot if you're buying near a peak (draw-down) or riding a rise.
Slope (bps/mo) shows speed of change.
Volatility (CV) scales jumps by average level.

Compare Primis Bank's Savings Account

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Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-0.05% APY
Western Alliance Bank - 4.05% APY
Zynlo Bank - 4.20% APY

Feature	Primis Bank	Select a bank...
Product	Primis Savings Account	N/A
APY	3.85% (as of 11/11/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	Yes	N/A
Compound Frequency	Monthly	N/A
Minimum Deposit	$1	N/A
Minimum Balance for APY	$0	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A
Note	Primis deposit accounts are not available in Puerto Rico or other US territories.	N/A

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