Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

PrimeSouth Bank Review

Your Details Done
by Updated
PrimeSouth Bank Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Started in 1891, PrimeSouth Bank has $553 million in assets along with deposits totaling $486 million, classifying the institution as a medium-size bank. PrimeSouth Bank, whose headquarters are in Blackshear, Georgia, lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. At a SmartAsset rating of 4.2 stars out of 5, PrimeSouth Bank should be solidly in contention for your choice of bank. PrimeSouth Bank offers a complete choice of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. PrimeSouth Bank has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, PrimeSouth Bank's standard checking does not carry a monthly fee. Institutions that offer free checking as well as a high savings APY are your best bet for gaining the most income on your deposits while having easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

With a savings rate of 0.25%, PrimeSouth Bank ranks poorly in comparison to the national average. Its one-year CD has a rate of 1.25% and the five-year CD has a rate of 1.70%, while its highest-yielding money market account earns at an APY of 0.40%. Given PrimeSouth Bank's noncompetitive savings rate, you should consider choosing another bank to earn more on your deposits.

How PrimeSouth Bank's Savings Rates Compare

PrimeSouth Bank Savings 0.25 National Average 0.26 Compare Offers
Back to Overview


SmartAsset Average: 4.4

PrimeSouth Bank charges customers low fees in comparison to other U.S. banks. With no monthly fee, PrimeSouth Bank's checking account is perfect for those who want an easy checking account. Also, at $35.00, PrimeSouth Bank's overdraft fee is lower than the national average. PrimeSouth Bank unfortunately does not refund out-of-network ATM charges, which means you will have to find a PrimeSouth Bank ATM or accept the fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $35.00 National Average: $35.00
Back to Overview

Service Quality

SmartAsset Average: 3.7

PrimeSouth Bank is a brick-and-mortar bank, with seven total branches in Georgia. With mobile and web apps, PrimeSouth Bank makes mobile banking easy, even on the go. PrimeSouth Bank's online and mobile banking platforms receive moderately high praise from customers. Out of 8 ratings across both iOS and Android platforms, the PrimeSouth Bank mobile app has an overall rating of 4.0 out of 5 (compared to the national average of 3.8). PrimeSouth Bank's mobile app allows you to manage your funds by reviewing account balances, sending and receiving funds and accessing customer service. PrimeSouth Bank gets a superb consumer satisfaction score based on comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

SmartAsset Average: 4.8

PrimeSouth Bank ranks as a medium-size bank and owns $553 million in assets as well as $486 million in deposits. PrimeSouth Bank has a strong Texas Ratio of 9.62%, denoting a tiny likelihood of failure. Additionally, PrimeSouth Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

Back to Overview

Compare PrimeSouth Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $25
Certificates of Deposit
  • 12 Month: 1.25% APY
  • 24 Month: 1.40% APY
  • 36 Month: 1.50% APY
  • 60 Month: 1.70% APY
$1000 for all terms
Money Market Account 0.35% APY $10000

PrimeSouth Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. PrimeSouth Bank does not have the best savings rate, which means you should consider taking a look elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. PrimeSouth Bank's CD rates are fair compared to the national average.

Back to Overview

Find a PrimeSouth Bank Near Me

PrimeSouth Bank has seven branches in the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure