Primis Bank: Savings Accounts & Rates

Savings rates updated: 9/26/2025

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

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 56 out of 83 tracked HYSAs)

Minimum Deposit: $1 | Online Only

National Savings Interest Rate: 0.4% (as of 9/15/2025)

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: 4.6/5

Website: Visit Primis Bank

Our Take on Primis Bank

Highlights

Current APY is 3.85%, competitive for high-yield accounts.
No maintenance fees or minimum balance requirements.
A+ BBB rating indicates strong trustworthiness.
App Store and Google Play ratings are both 4.6.

Considerations

APY decreased from 4.20% in the last 30 days.
Online-only account may lack in-person support.
Not available in Puerto Rico or other US territories.
Not BBB Accredited despite high rating.

Summary: Primis Bank offers a high-yield savings account with a current APY of 3.85%, down from 4.20% last month. The account has no maintenance fees or minimum balance requirements, making it accessible. However, it is only available online and not in Puerto Rico or other U.S. territories. With an A+ BBB rating and high app ratings, Primis Bank is a trustworthy option for savers, though the lack of in-person support may be a drawback.

Savings Account: In-Depth View

Savings Account Offered by Primis Bank

Feature	Primis Savings Account
APY	3.85% (as of 9/26/2025)
APY Trend	-0.35% WoW/-0.50% 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	Sideways
Slope (bps/mo)	-3.4
Rate Changes / Mo	0.27
Days Since Last Change	3
High (-7 m)	4.35 %
Low (-7 m)	3.85 %
Draw-down from High	-11.5 %
Volatility (CV)	0.023

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 7 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 (-7 m): Highest APY in the last 224 days.
Low (-7 m): Lowest APY in the last 224 days.
Draw-down from High: How far today sits below the 7-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

Affirm - 3.60% APY
All America Bank - 1.50-3.25% APY
Ally Bank - 3.40% APY
Amalgamated Bank - 2.25% APY
American Express - 3.50% APY
Ameriprise Bank - 3.15-3.15% APY
Axos Bank - 4.46% APY
Bank5 Connect - 4.05% APY
Bank of America - 0.01% APY
Barclays - 3.90-4.10% APY
Bask Bank - 4.05% APY
Betterment - 3.75% APY
BMO Alto - 3.25% APY
Bread Savings - 4.25% APY
BrioDirect - 4.30% APY
Capital One - 3.50% APY
Carver Bank - 4.00% APY
Charles Schwab Bank - 0.15% APY
Chase Bank - 0.01% APY
Chime - 1.25-3.75% APY
CIBC Bank USA - 4.02% APY
CIT Bank - 0.25-3.85% APY
Citibank - 3.40% APY
Citizens Access™ - 3.50% APY
Colorado Federal Savings Bank - 4.15% APY
ConnectOne Bank - 3.75% APY
Customers Bank - 3.98% APY
Discover Bank - 3.50% APY
Elevault - 4.34% APY
E*TRADE from Morgan Stanley - 3.75% APY
EverBank - 4.05% APY
Evergreen Bank Group - 4.25% APY
First Foundation Bank - 4.25% APY
Fitness Bank - 4.75% APY
Flagstar Bank - 4.00% APY
FNBO Direct - 3.25% APY
Forbright Bank - 4.25% APY
FVCbank - 4.10% APY
GO2bank - 4.50% APY
High Plains Bank - 0.23-3.82% APY
Jenius Bank - 4.20% APY
LendingClub - 3.20-4.20% APY
Live Oak Bank - 4.00% APY
Marcus by Goldman Sachs - 3.65% APY
MutualOne Bank - 4.07% APY
My Banking Direct - 4.30% APY
MySavingsDirect - 3.75% APY
Neighbors Bank - 4.60% APY
Newtek Bank - 4.35% APY
OMB Bank - 1.00% APY
Openbank - 4.20% APY
Peak Bank - 4.35% APY
Pibank - 4.60% APY
PNC - 3.85% APY
Poppy Bank - 4.25% APY
Popular Direct - 4.10% APY
Presidential Bank - 4.00-4.50% APY
Prime Alliance Bank - 4.05% APY
Quontic Bank - 3.75% APY
RBMAX - 3.90% APY
Rising Bank - 4.20% APY
ROGER - 3.87% APY
Salem Five Direct - 4.01% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.01% APY
SmartyPig - 3.90% APY
SoFi Bank - 4.50% APY
Synchrony Bank - 3.80% APY
TAB Bank - 3.80% APY
TD Bank - 0.05-3.00% APY
The State Exchange Bank - 4.11% APY
TIMBR - 4.40% APY
UFB Direct - 3.90-4.10% APY
Upgrade - 3.42% APY
Valley Direct - 4.10% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-2.51% APY
Western Alliance Bank - 4.20% APY
Zynlo Bank - 4.35% APY

Feature	Primis Bank	Select a bank...
Product	Primis Savings Account	N/A
APY	3.85% (as of 9/26/2025)	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

Alternatives to Primis Bank

Banks with Higher/Similar Savings APY

For a top list of the highest savings rates, see all HYSA top rates

Valley Direct

High-Yield Savings Account: 4.10% APY

Chime Savings Account: 3.75% APY

Bundled Savings & Checking Account

Minimum Deposit: $0

Online Only

Direct Deposit: You need to receive a qualifying direct deposit of $200 or more within the preceding 34 days

Varo Bank

High-Yield Savings Account: 5.00% APY

Minimum Deposit: $0

Online Only

Direct Deposit: Min. $1,000/month

Pibank

Pibank Savings: 4.60% APY

Minimum Deposit: $0

Online Only