Replace 6/9/23: Appears Primis went and froze everybody’s accounts, nobody actually is aware of what’s occurring. Readers recommend submitting CFPB, FDIC and BBB complaints in opposition to them to spur some motion.
Replace 2/17/23: They’re now sending out an official e mail confirming that the 5.03% charge will stay (presently) for individuals who obtained the account whereas that charge was being marketed.
Replace 2/16/23: Charge has been lower to 4.35% for each accounts. Discover greater APY accounts right here. For now the reps are saying that this alteration solely applies to new accounts, and current clients will proceed to get the 5.03% charge.
The Supply
Primis Checking | Primis Financial savings
Primis is providing a 5.03% APY on their fee-free checking account with no minimums and no necessities.
Primis can also be providing a 5.03% APY on their fee-free financial savings account with no minimums and no necessities.
Primis Financial institution is FDIC insured.
Our Verdict
The 5.03% financial savings charge tops all charges on common financial savings accounts and even tops all CD charges, on the time of this writing. What I discover much more exceptional is the 5.03% charge on a checking account – these not often provide any curiosity in any respect. (See this outdated publish from a couple of years in the past.)
I don’t know a lot about Primis Financial institution however thought it value making a devoted thread for dialogue and reader evaluations. Each of those accounts are pretty new to us (although it’s potential they’ve been round for some time and beneath the radar). Be at liberty to share your experiences. The most important query mark is whether or not they’ll preserve a excessive charge in the long term, relative to the market.
Hat tip to reader CO
