Primary Bank


Overview / Commentary
603-310-7200
207 Route 101
Bedford, NH 03110

Primary Bank is headquartered in Bedford and is the 14th largest bank in the state of New Hampshire. It is also the 2,206th largest bank in the nation. It was established in 2015 and as of December of 2019, it had grown to 33 employees at 2 locations. Primary Bank's money market rates are 93% higher than the national average, and it has a B+ health rating.

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Reviews (1)

Primary Bank - Opening A CD Account

Posted by: |

Just finished opening a new, 3 yr. CD with them. The application process was smooth and very thorough. Good communication from them along the way, except no final communication that the account was open and how to enroll online. Account status did say approved, but I didn't know what to do next.

The account website interface is a standard netteller.com format, now becoming the standard of most banks offering online CD's.

It seemed like the final online enrollment after the CD was approved was very redundant to what I went through to apply. It was like I was starting over on all of the security stuff. I would hope that could be streamlined.

Overall, pretty good. Probably one of the better processes I've been though in many years!



Health
B+

Health Grade Components

Overall
FDIC Certificate #59086
Year Established2015
Employees33
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.93%
Return on Equity - YTD8.33%
Annual Interest Income$11.6MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$299.2MM$204.9MM
LoansQ4 2019vs Q4 2018$233.6MM$174.6MM
DepositsQ4 2019vs Q4 2018$267.5MM$177.3MM
Equity CapitalQ4 2019vs Q4 2018$29.4MM$26.9MM
Loan Loss AllowanceQ4 2019vs Q4 2018$2.9MM$2.1MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$3.1MM$0
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Primary Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Primary Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$25k*-Health Savings Account
OTHER TIERS: 0.10% Up to $2.5k | 0.20% $2.5k - $10k | 0.30% $10k - $25k
0.10%--Primary Business Statement Savings
0.10%--Primary Statement Savings

Primary Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%--Choice Money Market
0.85%--Choice Business Money Market
0.35%*$100k*-Primary Business Money Market
OTHER TIERS: 0.10% $2.5k - $10k | 0.20% $10k - $25k | 0.30% $25k - $100k
0.35%*$100k*-Primary Money Market
OTHER TIERS: 0.10% $1k - $10k | 0.20% $10k - $25k | 0.30% $25k - $100k

Primary Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$1k-Primary Interest Checking
0.05%$1k-Primary Plus Checking
0.05%--IOLTA Account

Primary Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%--Business 5 Year CD
1.30%--5 Year CD
1.20%--4 Year CD
1.20%--Business 4 Year CD
1.10%--Business 3 Year CD
1.10%--3 Year CD
1.00%--Business 18 Month CD
1.00%--18 Month CD
1.00%--2 Year CD
1.00%--Business 2 Year CD
0.95%--Business 12 Month CD
0.95%--12 Month CD
0.95%$10k-15 Month CD
0.95%$10k-Business 15 Month CD
0.45%--Business 6 Month CD
0.45%--6 Month CD

Primary Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%--5 Year IRA
1.20%--4 Year IRA
1.10%--3 Year IRA
1.00%--18 Month IRA
1.00%--2 Year IRA
0.95%--12 Month IRA
0.95%$10k-15 Month IRA
0.45%--6 Month IRA
Locations


Primary Bank Locations
Primary Bank207 Route 101Bedford, NH 03110
Primary Bank - Mancester North1662 Elm StreetManchester, NH 03101
Derry Branch Office23 Crystal AvenueDerry, NH 03038

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