Available nationwide, Primis Bank is offering 6.00% APY on up to $50,000 for 6 months when you open a their Novus Checking account.
In addition, if you would like to earn 50 cents back on every debit card purchase, see our review on their Perks Checking account.
Primis Bank Novus Checking Account
- Learn More at Primis Bank
- What you’ll get: 6.00% APY on up to $50,000 for 6 months
- Account Type: Novus Checking Account
- Availability: Nationwide.
- Branches in MD, VA (Locator)
- Credit inquiry: Soft Pull. ChexSystems inquiry only.
- Opening Deposit: $1 minimum
- Monthly Fees: None
- Early Termination Fee: None listed
(FDIC Insured)
| AlumniFi Credit Union Savings (4.75% APY) | SoFi Checking & Savings ($325 Bonus + 3.80% APY) |
| Upgrade Premier Savings (4.15% APY) | Discover® Bank Savings (Up to $200 Bonus + 3.70% APY) |
| CIT Bank Platinum Savings ($225 or $300 Bonus + 4.10% APY) | Harborstone Credit Union Money Market (4.30% APY) |
| FVCbank Advantage Direct Savings (4.55% APY) | Live Oak Bank Savings ($300 Bonus + 4.20% APY) |
How to Earn Primis Bank Rate
- Open a new account with a minimum opening deposit of $1 and set up direct deposit.
- When direct deposit is up and running within 60 days of account opening and a direct deposit of $1,200 or more hits your account, your interest is boosted on the next statement cycle and you’ll earn 6.00% APY for 6 months.
Primis Bank ACH Capabilities and Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | 1-day | $30K | 100K | You can link up to 10 accounts |
| Pull | 1-day | $30K | 100K |
Editor’s Note: I highly recommend to use SoFi or CIT Bank Savings as your HUB account for all ACH transfers.
Important Details for Primis Bank
- Free incoming wires
- No limits on ACH transactions initiated from an external account.
- Free cashier’s checks; free pack of Primis branded checks for checking account.
- You can link accounts manually using routing information.
- You can add beneficiaries on the site.
Why You Should Sign Up For This Account
- BOOST your earnings to 6.00% APY on up to $50,000 for 6 months. This happens when you set up direct deposit and a direct deposit of at least $1,200 is deposited in your account within 60 days of opening it. Maintain the direct deposit to continue earning the boosted rate.
- EARN all the time. Even if you never set up direct deposit, even after 6 months – You’ll earn a first-class variable interest rate of 3.93% with an APY of 4.00%.
- NO account fees
- NO service charges
- NO transaction limits
- NO minimum balance requirements — all it takes is $1 to open
- EARLY direct deposit: Once we’re notified of an upcoming direct deposit, we’ll go ahead and credit your account, up to two days early
- FREE ATM usage nationwide
- FREE pack of Primis checks available upon request
- FREE incoming wires
- REFUNDS on all originating wire fees other banks charge you to send Primis wires + $10 just because
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Bottom Line
Pretty great rate during the 6 month duration boost period – then after it drops to 4%. After the 6 months, there’s definitely better rates with little to no effort from our best bank rate list.
Interested in Bank Bonuses? See our favorite banks including U.S. Bank, HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
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