Primis Bank savings rates, reviewed
Primis Bank advertises 4.00% APY on its Primis Business Savings account. That is 362 basis points above the national savings average of 0.38% (FDIC, Aug 2026).
Ranked #22 of 337 tracked savings rates. It was #24 three months ago. The advertised rate has not changed in the 30 weeks since Banksparency began tracking it.
Primis Bank at a glance
| Top savings APY | 4.00% · Primis Business Savings |
|---|---|
| Minimum deposit | $1 |
| FDIC certificate | 57968 · Tappahannock, VA |
| Website | primisbank.com |
| Branches | 28 branches in MD, VA |
| Availability | Nationally available |
Primis Bank savings and CD rates
Rates are APY. The national savings average is 0.38% (FDIC, Aug 2026). The top tracked savings rate on Banksparency is 5.00%.
Interactive Tool
Calculate Savings for Primis Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$1,568.10(10.1%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,568.10
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Primis Bank pays on deposits
In Q1 2026, Primis Bank paid a higher average rate than 66% of U.S. banks (all-bank median 2.27%).
- Primis Bank, avg rate paid
- All-bank median
Average annualized rate paid on interest-bearing deposits, quarterly. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated.
So what is the catch?
| Product | Min to open | Min to earn | Monthly fee | Direct deposit | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|
| Primis Savings Account | $1 | $0 | $0 | Not required | Variable | |
| Primis Business Savings | $1 | $0 | not stated | not stated | Variable |
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
Opening and using the account
| Availability | Nationally available |
|---|---|
| Footprint | 28 branches in MD, VA |
| App ratings | 4.7 iOS · 4.9 Android |
| Zelle | Available |
| Eligibility | not stated |
How Primis Bank behaves over time
Every observation of the advertised Primis Business Savings rate in the last 12 months was 4.00% (observed through Aug 20, 2026). The series includes promotional tiers where one applied.
Primis Bank has not changed its advertised savings rate in the 30 weeks since Banksparency began tracking it.
Who is Primis Bank?
| Headquarters | Tappahannock, VA |
|---|---|
| Scale | $4.2B assets · $3.4B deposits (Q1 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 57968 |
| Affiliation | Primis Financial Corp. (Nasdaq: FRST) is the holding company for Primis Bank |
Financial detail is in What Primis Bank pays on deposits above.
Common questions about Primis Bank
Is Primis Bank FDIC insured?
Yes. Primis Bank is FDIC insured under certificate 57968, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Primis Bank?
Primis Bank requires a minimum deposit of $1 to open its Primis Business Savings account, as observed on Aug 20, 2026. Check the bank's current terms before you open an account.
Does Primis Bank have branches?
Yes. Primis Bank operates 28 branches according to FDIC branch records, in addition to its website and mobile apps.
Primis Bank against its closest alternatives
| Bank | Savings APY | Rate paid (Q1 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Primis Bank | 4.00% | 2.54% | $1 | 28 branches in MD, VA |
| Betterment | 4.00% | not stated | $0 | not stated |
| Carver Bank | 4.00% | 2.03% | $5,000 | 7 branches in NY |
| First Bank | 4.00% | 2.41% | $5 | 76 branches in CA, IL, KS, MO |
Alternatives are the three tracked banks whose best savings APY is closest to Primis Bank's.
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