316 Financial $250 Bonus: New Code, 150-Day Hold

The $250 savings bonus from 316 Financial is back. The offer carries a new promotion code – CCB – and is valid through August 4, 2026. Earlier versions of the deal have been pulled early, so anyone interested should move quickly.

The bonus requires a $5,000 deposit held for 150 days. That is a longer period than the 90-day hold that applied when the deal first appeared in April. The account itself earns a 4.05% annual percentage yield, competitive with top online savings accounts today.

There is a catch. The fine print says anyone with an existing or prior account at Primis Bank or any of its divisions, including 316 Financial, is not eligible. People who completed earlier 316 Financial checking bonuses are shut out. The bank also appears to enforce a strict one-per-customer rule.

The deal has a history of disappearing without notice. It died briefly in early April, returned the same month, and is now back with the extended hold period. The pattern suggests the bank is using the bonus to attract deposits but may cap participation once a threshold is hit. That makes the August 4 deadline less important than the risk of an early cutoff.

For someone willing to park $5,000 for five months, the math is simple. The $250 bonus works out to an annualized return of about 12% on top of the 4.05% APY – provided the account stays open for the full 150 days. The downside is the opportunity cost of locking up the cash, plus the hassle of closing the account afterward.

The offer is listed on AlphaScala's best bank account bonus page. As with any promotional rate, the real value depends on whether the terms hold. The history says they might not.