Provident Credit Union Savings Rates

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Rates are valid as of September 19, 2017 and are subject to change

Savings Accounts

Type Minimum Balance Dividend Rate Annual Percentage Yield (APY) More Info
Membership, Youth Savings, and Secondary Savings $5 0.030% 0.030% A
$25,000 0.080% 0.080%
Business Savings $5 0.030% 0.030% A
$25,000 0.080% 0.080%
Premier Money Market Savings $25,000 0.180% 0.180% DD
$75,000 0.240% 0.240%
$125,000 0.310% 0.310%
Requirements Not Met 0.080% 0.080%
Money Market Savings $2,500 0.050% 0.050%
$10,000 0.100% 0.100%
$50,000 0.160% 0.160%
$100,000 0.220% 0.220%
Accumulator $25 0.250% 0.250% B
Round Up $0 0.030% 0.030% R

Checking Accounts

Type Minimum Balance Dividend Rate Annual Percentage Yield (APY) More Info
Great Rate:
Super Reward Checking
Up to $25,000 1.992% 2.010% I
Amounts above $25,000 0.080% 0.080%
Requirements Not Met 0.000% 0.000%
Dividend Business Checking $0 0.000% 0.000% J
$25,000 0.100% 0.100%
$75,000 0.150% 0.150%
$125,000 0.200% 0.200%
Basic Business Checking $0 0.000% 0.000% J
$25,000 0.100% 0.100%
$75,000 0.150% 0.150%
$125,000 0.200% 0.200%

Term Share Certificates:

Fixed Rate
Term in Months Minimum Balance Dividend Rate Annual Percentage Yield (APY) More Info
6 $1,000 0.150% 0.150% C
12 $1,000 0.250% 0.250% C
12 $250 0.200% 0.200% C, D
12 $50 0.200% 0.200% C, D, O
12 $500 0.250% 0.250% C, E
13 $5,000 0.150% 0.150% C, D, L
24 $1,000 0.399% 0.400% C
36 $1,000 0.648% 0.650% C
48 $1,000 0.946% 0.950% C
60 $1,000 1.194% 1.201% C
24 $1,000 0.350% 0.351% C, M
Variable Rate
Term in Months Minimum Balance Dividend Rate Annual Percentage Yield (APY) More Info
24 $500 0.350% 0.351% C, D, F

IRA, ESA, and HSA

Looking for rates on Traditional and Roth IRAs, Coverdell Educational Savings Accounts, or Health Savings Accounts? For these accounts, which offer additional possible tax advantages, see our IRA, ESA, and HSA Rates page. To learn more about these account types and why you should consider opening one, see IRAs, ESAs, and HSAs.

Deposit Insurance

All Provident Credit Union deposits are federally insured to at least $250,000 per member (in addition to a separate $250,000 insurance for IRAs) by the National Credit Union Administration (NCUA), a United States Government agency. This agency charters and supervises federal credit unions and insures savings in federal credit unions and most state-chartered credit unions across the country through the National Credit Union Share Insurance Fund (NCUSIF), a federal fund backed by the full faith and credit of the United States government.

These rates are prospective and are expected to be paid on the next dividend declaration date. The dividend declaration date is the last day of the dividend period at which time these rates will be paid. Rates are fixed unless stated otherwise. Variable rates are subject to change monthly at the discretion of the Board of Directors. No dividends are paid on balances below account minimums. All rates are subject to change. Membership required for all accounts.
A) This account (Membership Savings, Youth Savings, or Business Savings) is required for Provident Credit Union membership.
B) Terms and Conditions: The Annual Percentage Yield (APY) is variable and subject to change. The floor rate is 0.20% APY and guaranteed through December 31 of the current year on all new and existing Accumulator savings plans and is subject to change once a year on January 1st. A minimum deposit of $25 is required to open this account. This minimum will be applied upon the first automatic deposit into your account. If your balance falls below the minimum balance requirement, the next deposit to your account will be applied to meet this requirement. The maximum opening deposit for this account is $3,000. Withdrawals will reduce earnings. If you make a withdrawal prior to maturity you will be assessed a withdrawal fee (See Service Charge Schedule). Withdrawals are not permitted if the withdrawal amount combined with the withdrawal exceeds your balance. Dividends are deferred until maturity. If you close your account before your transfer date you will be assessed a withdrawal fee and forfeit all dividends accrued on the account to date. This plan cannot be used for overdraft protection for checking, nor used as collateral on a loan. Withdrawals and transfers are not available through all channels. Contact us for additional information on these channels. Deposits can only be made by direct deposit, payroll deduction or automatic transfer. In this agreement the terms "Direct Deposit" and "Payroll Deduction" apply only to money deposited from your employer. Withdrawals and transfers cannot be made from this plan via ATM or Shared Branch locations. Terms and conditions may change at any time without notice.
C) Early Withdrawal Penalties: A penalty may be imposed for withdrawals before maturity for certificates opened or renewed as of 5/1/12: a) If your account has an original maturity of less than 12 months, the penalty we may impose will equal the greater of $100.00 or 90 days earnings. b) If your account has an original maturity of more than 12 months, the penalty will equal the greater of $150.00 or 180 days earnings. For more information, please refer to Provident's Master Account Agreement and Disclosure. c) For Youth Add-On certificates the penalty we may impose will equal 180 days earnings.
D) You can add deposits of any amount, at any time, up to a maximum balance of $500,000 without affecting your term. Deposits that bring the balance over $500,000 are at the discretion of Provident's management. These are excellent accounts to be used with direct deposit, payroll deduction, or automatic transfer.
E) Deferred Dividend Certificate: Dividends are paid at maturity and compound annually.
F) Rate is subject to change quarterly at the discretion of the Board of Directors.
H) If Balance falls below $5,000 a $10 monthly fee assessment will occur.
I) To receive the rates above 0%, you must complete the following three requirements each month: 1) make purchases of $300 or more using a Provident debit and/or credit card, 2) complete one direct deposit or ACH transfer (automatic debit or credit), and 3) receive online e-Documents. If these requirements are not met in their entirety, the APY will be 0%. All qualifying purchases and transactions referred to as "per month" or "monthly" only count towards the requirement of the month in which they POST, which will be on a business day (Monday – Friday) and may take one or more business days from the purchase/transaction date. The minimum deposit required to open this Account is $25. No minimum balance required and no monthly fee will be assessed. To qualify you must also be a member and age 18 or older. Dividends are forfeited if the account is closed prior to scheduled dividend payment date. Effective February 1, 2013 no more than 1 (one) Super Reward Checking account can be opened per membership.
J) The minimum deposit to open a Dividend Business Checking account is $100.00. No dividends are paid on balances below the balance minimum specified for the lowest balance tier. For information pertaining to dividends, account requirements and fees, please refer to Provident's Business Master Account Agreement and Disclosure, Addendum, Product Brochure and Service Charge Schedule.
K) Accounts have been discontinued. No dividends are paid on balances below the balance minimum specified for the lowest balance tier.
L) Minimum withdrawal: $500. Minimum balance: $5,000. Withdrawals must be made in person at a Provident Credit Union branch or by calling Provident at (800) 632-4600. Withdrawals allowed without penalty every 7 calendar days with a maximum of 3 per month.
M) Rate can be increased one time during certificate term, to the currently published Bump-Up Certificate rate with that same term.
O) Primary account owner must be under 18 years of age. Joint owner must be 18 years or older.
R) This account is tied to enrollment in the Round Up Program and will be automatically opened within one business day. Round Up Program enrollment is only available within online banking and you must have an eligible checking account at Provident.
DD) Requires a minimum $1,000/month Direct Deposit to a checking account under the same membership, to begin no later than 90 days from the date the account is opened and to continue for the life of this account. If the direct deposit does not begin or stops, the account is eligible to earn the Base Premier Money Market account rate.
JJ) Specials cannot be combined with each other or any other special offers. Online bonus applies to new money deposited at Provident or roll over certificates only.

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