Primary Bank's Online CDs Now Available Only in New England States


Deal Summary: 4-Year CD, 1.20% APY; 5-Year CD, 1.30% APY; $1k minimum deposit.

Availability: Market area now limited to Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.

DA readers who follow the bi-weekly CD Rates Summary are probably familiar with the top-rate CDs offered by New Hampshire-based Primary Bank. While these CDs appeared in the Summary’s nationally available categories for the past several months, a recent change in Primary Bank’s market area now limits the availability to New England residents.

Of the eight CDs in Primary Bank’s product line, the 4-year and 5-year CDs have the most competitive rates. As stated on the Consumers Deposit Rates page, the minimum opening deposit is $1k, with no stated balance cap.

The CDs are also available as IRA CDs (Traditional), earning the same APYs with the same deposit requirements.

According to CSR, the Early Withdrawal Penalty for the 4-year and 5-year CDs is a substantial 15 months of interest.


Headquartered in Bedford, New Hampshire, Primary Bank’s market area has changed a few times since the Bank’s opened its doors for business in 2015. Initially, the product line was only available in New Hampshire. Within two years, an online application was added and the product line became available to the residents of New Hampshire, Connecticut, Maine, Massachusetts, Rhode Island, and Vermont. In late 2019, Primary Bank CDs became available nationwide, but as of this week, the following statement appears on the first page of the online application.

We currently only accept online applications from residents of NH, MA, ME, VT, RI, and CT.

Opening a CD can be done online, or at any of three New Hampshire branches Bedford, Derry, and Manchester.

Primary Bank lobbies have re-opened and we are operating regular business hours.

Bank Overview

Primary Bank has an overall health rating of "A+" at, with a Texas Ratio of 0.00% (excellent, and not a typo), based on June 30, 2020 data. In the past year, Primary Bank has increased its total non-brokered deposits by $165.19 million, an excellent annual growth rate of 83.66%. Please refer to our financial overview of Primary Bank (FDIC Certificate # 59086) for more details.

Established in 2015, Primary Bank was the second new bank to open in the country since the Great Recession, and the first new bank to open in New Hampshire in seven years. The Bank’s original target market was local small-to-medium sized businesses that had limited banking choices. As a locally-owned and operated financial institution, Primary Bank is celebrating its 5th anniversary by giving back to the community.

We're giving away $30,000 to be divided among five (5) nonprofit organizations. Each will receive a donation, but your votes will decide the amount. The five finalists are:

    1. Granite State Dog Recovery

    2. Granite YMCA

    3. Fueled by Kids

    4. Jason R Flood Memorial

    5. Palace Theatres

Starting Monday October 12th, you'll have an opportunity to cast your vote for one of the finalists. One (1) organization will be awarded $20,000 and four (4) organizations will receive $2,500 based on the number of votes received. One vote per person. Votes accepted through 11:59pm on October 23, 2020.

How the CDs Compare

Primary Bank’s multi-state market area makes a comparison to nationally available CDs appropriate. When compared to the similar length-of-term CDs tracked by, which are available nationwide and require a similar minimum deposit, Primary Bank’s 4-Year CD APY currently ranks third.

When compared to the similar length-of-term CDs tracked by, which are available nationwide and require a similar minimum deposit, Primary Bank’s 5-Year CD APY currently ranks fifth.

The above rates are accurate as of 10/23/2020.

To search for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Boston CD rates, 5-year CD rates

Primary Bank (New England) Adds 2-Year Anniversary CD
Deal Summary: 2-Year Anniversary CD, 2.00% APY; 3-Year CD, 2.25% APY; no minimum deposit.

Availability: Market area now includes New Hampshire, Connecticut, Maine, Massachusetts, Rhode Island, and Vermont.

New Hampshire-based Primary Bank celebrated its second anniversary at the end of July. The traditional gift for a second anniversary in the U.S. is cotton – think bed linens, not a bale of cotton. Primary Bank came up with a better idea: a 2-year Anniversary CD (2.00% APY). According to the Bank’s website, there is no minimum...

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Primary Bank (NH) Adds Choice Money Market w/Guaranteed Rate

Deal Summary: Choice Money Market; 1.11% APY up to $500k; rate guaranteed through January 11, 2018; $10k minimum opening deposit. 3-Year CD; 2.25% APY; no minimum deposit

Availability: New Hampshire

About six weeks ago, Primary Bank added two limited-time Choice CDs: 2-year (1.50% APY) and 4-year (2.25% APY). As of today, they are both still available.

Primary Bank is continuing to offer more competitive products with its new Choice Money Market (1.11% APY) and 3-year CD (2.25% APY).

Choice Money Market

The Choice Money Market account is a new...

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Primary Bank (NH) Has Limited Time 2- And 4-Year Choice CDs

Deal Summary: 4-Year Choice CD, 2.25% APY; 2-Year Choice CD, 1.50% APY; $10k minimum deposit

Availability: New Hampshire

For a limited time, Primary Bank is offering two special CDs: 2-year Choice CD (1.50% APY) and 4-year Choice CD (2.25% APY). The minimum deposit is $10k, with no stated balance cap. Of the two, the 4-year Choice CD is the more competitive.

According to CSR, the Early Withdrawal Penalty for the 2-year Choice CD is 12 months dividends and 15 months dividends for the 4-year Choice CD.


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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.