Pick-A-Term Certificates
Step Up Your Savings Game
Score big and watch your savings grow with our Pick-A-Term Certificate.224 Take advantage of our limited-time offer and choose the term that best suits your short-term investment goals or retirement plans.
Features
- Pick-A-Term Certificates offers 3, 6, and 12 month terms
- Federally insured up to $250,000 by NCUA
- Guaranteed rate for the term of the certificate208
Features
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IRA Pick-A-Term Certificates offers 3, 6 and 12 month terms
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Federally insured up to $250,000 by NCUA
Certificate Benefits
Guaranteed Returns
Your money grows at a fixed rate over your chosen term with locked-in interest.
Range of Terms
Select the term that best meets your financial goals.
Federally Insured by NCUA
Enjoy peace of mind knowing that your money is safe and secure
Pick-A-Term Certificates
A limited time offer on our best rate with multiple term options.
Rates are valid as of and are subject to change.
| Type | Min. Balance | Dividend Rate | Annual Percentage Yield (APY) | Disclaimers |
|---|---|---|---|---|
| 3 Month Pick-A-Term | $10,000 | 3.348% | 3.40% | C, DDD, MM |
| 6 Month Pick-A-Term | $10,000 | 3.203% | 3.25% | |
| 12 Month Pick-A-Term | $10,000 | 2.960% | 3.00% |
IRA Pick-A-Term Certificates
A limited time offer on our best rate with multiple term options.
| Type | Min. Balance | Dividend Rate | Annual Percentage Yield (APY) | Disclaimers |
|---|---|---|---|---|
| 3 Month IRA Pick-A-Term | $10,000 | 3.348% | 3.40% | AA, C, G, MM |
| 6 Month IRA Pick-A-Term | $10,000 | 3.203% | 3.25% | |
| 12 Month Pick-A-Term | $10,000 | 2.960% | 3.00% |
- AA) Limited time offer. Dividend rates are fixed for the term of the certificate and are not subject to a tiered rate. The minimum opening deposit is $10,000. Deposits cannot be added to this certificate once it has been opened. Institutional deposits are not eligible. At maturity, each Pick-A-Term Certificate renews to the same term at the fixed rate in effect at that time.
- C) Fees or Early Withdrawal Penalties may reduce earnings: 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 12 months or more, the penalty will equal the greater of $150.00 or 180 days earnings. For more information, please refer to Provident's Member Agreement. c) For Youth Add-On certificates the penalty we may impose will equal 180 days earnings.
- DDD) Limited time offer. Dividend rates are fixed for the term of the certificate and are not subject to a tiered rate. The minimum opening deposit is $10,000. Deposits cannot be added to this certificate once it has been opened. Institutional deposits are not eligible. At maturity, each Pick-A-Term Certificate renews to the same term at the fixed rate in effect at that time.
- G) IRA contributions are limited to $7,000 per year; additional $1,000 allowed for those over 50 years old to "catch up". Rollovers and direct transfers do not count against your contribution limit. The maximum annual contribution to a Coverdell ESA is $2,000. (Applies to all IRA account).
- MM) No dividends are paid on balances below account minimums. Membership required for all accounts. Provident Credit Union reserves the right to reject funds at any time and for any reason.
Disclosures
- 130) APY = Annual Percentage Yield. Dividend rates are fixed for the term of the certificate. Rates are valid as of and are subject to change.
- 224) Penalty for early withdrawal may be assessed and may reduce earnings for all term share certificates.
- 229) Limited time offer. Dividend rates are fixed for the term of the certificate and are not subject to a tiered rate. The minimum opening deposit is $10,000. Deposits cannot be added to this certificate once it has been opened. Institutional deposits are not eligible. At maturity, each Pick-A-Term Certificate renews to the same term at the fixed rate in effect at that time.
- 232) Limited time offer. Dividend rates are fixed for the term of the certificate and are not subject to a tiered rate. The minimum opening deposit is $10,000. Deposits cannot be added to this certificate once it has been opened. Institutional deposits are not eligible. At maturity, each Pick-A-Term Certificate renews to the same term at the fixed rate in effect at that time.