Primis Bank: Savings Account & Rates
Mission: Banksparency aims to make Primis Bank's savings account transparent and comparable to the market.
Analysis of Primis Bank
Our verdict
Primis Bank offers Primis Savings Account, a high-yield savings account paying 3.85% APY with a $1 minimum deposit.
At 3.85% APY, Primis Bank pays 10x the national average (0.39%). Ranks in the top tier of 99+ accounts tracked.
Ideal User Profile
- Best for: simple saving without extra requirements, banking without needing a branch, and quick transfers with Zelle.
Key Differentiators
- Stands out with top-rated iOS app (4.7), highly-rated Android app (4.9), A+ BBB rating, in-person banking available, Zelle for instant transfers.
Savings Overview
Primis Savings Account
| Min. Deposit | $1 |
| Min. Balance | $0 |
| Maintenance Fee | $0 |
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.15% APY.
Bank Overview
- HQ LocationGlen Allen, Virginia
- Founded2005
- AffiliationPrimis Financial Corp. (Nasdaq: FRST) is the holding company for Primis Bank
- Ratings & Trust
- Zelle® SupportAvailableSupports Zelle for personal and small business.
- Deposit InsuranceFDIC Insured(Cert: 57968)
Savings Account: In-Depth View
Savings Account Offered by Primis Bank
| Feature | Primis Savings Account |
|---|---|
APY | 3.85%Verified: 2/21/2026 |
APY Trend | Very StableNo rate changes in last 90 days |
Min. Deposit | $1 |
Min. Balance | $0 |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | No |
Branch Access | None |
Compounding | Monthly |
FDIC Insured | Yes |
Eligibility | United States |
Important | Primis deposit accounts are not available in Puerto Rico or other US territories. |
| Next Steps | - |
Calculate Savings for Primis Bank
Savings Breakdown
- Interest Earned+$1,506.40(9.7%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,506.40
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
Last 12 Months| Metric | Primis Savings Account |
|---|---|
Latest APY | 3.85% |
Trend | Falling |
Slope (bps/mo) | -5.9 |
Rate Changes / Mo | 0.16 |
Days Since Last Change | 151 |
High (-12m) | 4.35% |
Low (-12m) | 3.85% |
Draw-down | -11.5% |
Volatility (CV) | 0.057 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 365-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with Primis Bank
| Feature | Current View Primis Bank | Empty Slot |
|---|---|---|
| Product | Primis Savings Account | - |
APY | 3.85%Verified: 2/21/2026 | - |
APY Trend | Very StableNo rate changes in last 90 days | - |
| Min. Deposit | $1 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | None | - |
| Eligibility | United States | - |
Compounding | Monthly | - |
FDIC Insured | Yes | - |
| Note | Primis deposit accounts are not available in Puerto Rico or other US territories. | - |
| Next Steps | - | - |
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