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PERSONAL
Checking & High-Yield Savings Accounts

Checking and high-yield savings accounts for doctors, doctors-in-training, and their families! Take advantage of the free checking and high-yield savings accounts online without the hassle.

Open An Account Today

Banking Made Easy

Our Panacea High-Yield Savings Account offers an excellent rate at 10x the national average3 – 4.50% APY2. Open your account in minutes with as little as $25.

Our Panacea Checking Account is designed with you in mind with free ATM use nationwide, no overdraft fees, and a custom debit card.

Best of all, our mobile apps and online banking provide maximum flexibility and convenience. If you want to speak with us, we’re always available 24 hours a day, 7 days a week.

Ready? You can open your account online in as little as 8 minutes.

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Checking

  • Available to doctors, doctors-in-training, & their families!
  • FREE ATM use nationwide1
  • FREE incoming & outgoing domestic wires1
  • FREE checks
  • FREE cashier’s checks & stop payments
  • NO overdraft fees
Apply Now

High-Yield Savings

Available to doctors, doctors-in-training, and their families!

  • 4.50% APY2 – 10x the national average3
  • Open an account with as little as $25
  • Fund your account for free!1
  • FDIC insured4
Apply Now

High Balance Deposits

  • Insure balances up to $125 million!
  • Insured Cash Sweep (ICS) Accounts protect deposits tied to each tax ID
  • Protection backed by the FDIC and full faith of the federal government
  • FDIC protects up to $250,000 per ownership category
  • Learn how to secure up to $125 million per tax ID, for free
Learn More About ICS
Talk To An ICS Specialist

High Balance Deposits

  • Insure balances up to $125 million!
  • Insured Cash Sweep (ICS) Accounts protect deposits tied to each tax ID
  • Protection backed by the FDIC and full faith of the federal government
  • FDIC protects up to $250,000 per ownership category
  • Learn how to secure up to $125 million per tax ID, for free
Learn More About ICS
Talk To An ICS Specialist

FAQs

Who is eligible for a checking and savings account?

Our totally free checking and high-yield savings accounts are available to doctors, healthcare workers, doctors-in-training, and their families!

Where do I get money from an ATM?

With a totally free Panacea Checking Account, you can use any ATM in the country and we'll reimburse you all the fees at the end of your statement cycle. It's totally free!

Where can I use my debit card?

Our debit cards are on the VISA Network - accepted by 44 million retailers and in over 200 countries around the world. Take your card everywhere!

What is a high-yield savings account?

A high-yield savings account is a savings account that can offer a much higher interest rate than a typical savings account interest rate.

How does a Panacea High-Yield Savings Account compare to others?

Panacea's High-Yield Savings Account differs because of no minimum balance, 24/7 support, FDIC insured and more! Current digital high-yield savings account rates have similar rates, but may require high minimum balances.

Is there a minimum amount needed in the high-yield savings account to get the best rate?

No! The minimum amount to open our online high-yield savings account is $25, and you will get our best rate on every dollar in your account, at any amount.

How long does it take to open an account?

Our application process takes just 8 minutes, and we can have your account open and funded in as little as one business day. Start using your account today!

Is there overdraft protection?

All of our accounts come with free overdraft protection.

What are the benefits of a high yield savings account?

A high-yield savings account can help you save money faster in a safe and accessible way. When your account earns a higher annual percentage yield, your money grows faster than a regular savings or checking account. Simple as that.

Can you lose money in a high-yield savings account?

A high-yield savings account doesn’t come with the volatility of the stock market, so you’ll never lose any of your principal on a bad day. Instead, you’ll have a fixed interest rate, and your money will always be growing.

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Panacea Financial Holdings partners with Primis Bank, Member FDIC, to deliver banking services through its Panacea Financial Division.

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External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by Panacea Financial. Links are provided for informational purposes and should not be viewed as an endorsement
Fine Print
  1. $25 minimum opening deposit. Cannot fund (or open) new account via transfer from an existing Panacea account. Fees for ATM transactions at foreign (non-Primis) ATMs will be refunded within five business days after the statement cycle ends. Wire fees refunded up to $35 per wire for a funding wire over $10,000. No maintenance or activity fees apply to Panacea Checking accounts. For full details, please click here: Account Disclosures.
  2. APY = Annual Percentage Yield. The advertised APY is effective 10/6/2023 and subject to change thereafter. Accounts opened from applications started prior to 6/30/2023 will remain at 4.80% APY and are subject to change. No minimum balance required to obtain the APY. The minimum to open a Panacea Savings Account is $25. Fees may reduce earnings. Offer is subject to change without notice and may be withdrawn at any time.
  3. National Average based on FDIC information as of 10/5/2023.
  4. FDIC Insurance limit is $250,000, per depositor, per ownership category.

Routing number for all Panacea Financial, a Division of Primis Bank, accounts: 051409278

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