Primis Bank
Last Updated: 6/20/2025
Note: Interest rates below are reported as APY, or Annual Percentage YieldQuick Views
Primis Savings Account: 4.35% APY(Rank 14 out of 74 tracked HYSAs)
National Savings Interest Rate: 0.42% (as of 5/19/2025)
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
BBB Rating: A+ (Not BBB Accredited)
App Store Rating: 4.5/5
Google Play Rating: 4.1/5
Website: Visit Primis Bank
Our Take on Primis Bank
Highlights
- Current APY is 4.35%, unchanged from 30 days ago.
- No maintenance fees for the Primis Savings Account.
- A+ BBB rating indicates strong trustworthiness.
- App Store rating is 4.5, indicating user satisfaction.
Considerations
- Not BBB Accredited, which may concern some savers.
- Direct deposit is not required, but may limit options.
- Only available online; no physical branches outside Virginia.
- Primis deposit accounts not available in Puerto Rico or US territories.
Savings Account
Savings Account Offered by Primis Bank
Feature | Primis Savings Account |
---|---|
APY | 4.35% (as of 6/20/2025) |
APY Trend | Stable for the last month |
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. |
No deposit agreement summary available for this bank. |
Calculate Savings for Primis Bank
Primis Savings Account (APY: 4.35%)
Total savings breakdown:
- Interest earned: $4 (3.85%)
- Total contributions: $0 (0.00%)
- Initial deposit: $100 (96.15%)
Your total balance
$104.00
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 | 4.35 % |
Trend | Sideways |
Slope (bps/mo) | -0.0 |
Rate Changes / Mo | 0.00 |
Days Since Last Change | 126 |
High (-4 m) | 4.35 % |
Low (-4 m) | 4.35 % |
Draw-down from High | 0.0 % |
Volatility (CV) | 0.000 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 4 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 (-4 m)
- Highest APY in the last 126 days.
- Low (-4 m)
- Lowest APY in the last 126 days.
- Draw-down from High
- How far today sits below the 4-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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Feature | Primis Bank | Select a bank... |
---|---|---|
Product | Primis Savings Account | N/A |
APY | 4.35% (as of 6/20/2025) | 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 |