Snag $250 from 316 Financial with a $5,000 Savings Stash

If you've got a chunk of cash sitting around earning next to nothing, here's a sweet way to turn it into $250 without any extra work. 316 Financial, a division of Primis Bank, is running a limited-time promotion that pays you just for keeping your money in their savings account. No direct deposit, no debit card swipes, no hoops—just a straightforward balance requirement. Let's break down what you need to know.

What's the Catch? (Spoiler: Not Much)

The deal is refreshingly simple. Open a new 316 Savings account using promo code CCB, then keep your balance at $5,000 or more for 150 consecutive days. That's it. No direct deposit, no debit card transactions, no monthly fees eating into your earnings. The bonus posts within 30 days after you've met the holding period.

One thing to note: you can't have had a previous 316 Financial or Primis Bank bonus. So if you snagged their checking bonus earlier, you're out of luck. Also, the account needs to stay open and in good standing until the bonus hits your account.

The fine print says the offer was originally for a 90-day hold, but it's been extended to 150 days. Given that this promo has been pulled early before, I'd jump on it quickly if you're interested.

• No monthly maintenance fees
• No early termination penalty
• Soft pull on your credit—won't ding your score
• Bonus is taxable as interest income

Why This Stands Out from Other Bank Bonuses

Most savings account bonuses require you to set up direct deposit or jump through multiple hoops. Here, you just park your cash and wait. Plus, the 4.05% APY is competitive with high-yield savings accounts, so your money earns interest while you're waiting for the bonus. That's a win-win.

The nationwide availability is another plus—you don't need to live in a specific state to apply. And since it's a soft pull, you won't have to worry about a hard inquiry on your credit report.

Things to Watch Out For

First, make sure you use the promo code CCB when you apply. If you forget, you won't get the bonus. Second, be aware that this offer has been known to disappear without much warning. The current expiration is August 4, 2026, but earlier versions were pulled before their official end dates. So don't drag your feet.

Also, if you've already taken a 316 Financial bonus in the past (like their checking account offer), you're not eligible. Read the terms carefully to avoid disappointment.

Finally, remember that the bonus counts as taxable income. The bank will send you a 1099-INT, so set aside some cash for tax time.

Bottom Line

• Park $5,000 for 150 days to earn $250—no direct deposit needed.
• Account earns 4.05% APY, so your money grows while you wait.
• No monthly fees, no early termination fee, and a soft credit pull.
• Offer expires August 4, 2026—apply soon as it may be pulled early.
• Not available to previous 316 Financial or Primis Bank bonus recipients.

Common Questions