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Reply to "Is 3.5% good APY?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Primis Bank is now offering 5% APY online checking and savings accounts: https://digital.primisbank.com/brochure/select-product-unauthenticated/select/personal/DDA I had not heard of them before, but they appear to be a local DMV-area bank that just moved into the high-interest online account space.[/quote] I’d be a little worried to just open an account based on a website. Fraud is so easy. Everyone should make sure a bank is established and not a scam before investing. Not saying anything is wrong with this bank. Just a general warning.[/quote] Fair enough and good advice for anyone chasing rates. Primis does show up as an FDIC-insured bank established in 2005 and headquartered in Virginia: https://banks.data.fdic.gov/bankfind-suite/bankfind/details/57968[/quote]
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