Provident Credit Union Business Account Rates

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Rates are valid as of and are subject to change.

Savings Accounts

Type Minimum Balance Dividend Rate Annual Percentage Yield (APY) More Info
Business Savings $5 0.030% 0.030% A
$25,000 0.080% 0.080%

Checking Accounts

Type Minimum Balance Dividend Rate Annual Percentage Yield (APY) More Info
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%

Health Savings Accounts

Type Minimum Balance Dividend Rate Annual Percentage Yield (APY) More Info
HSA Checking $25 0.549% 0.550% P
Fixed Rate Certificate: HSA
Term in Months Minimum Balance Dividend Rate Annual Percentage Yield (APY) More Info
12 $250 1.795% 1.810% C, D, Q
$50,000 1.844% 1.860%
$100,000 1.992% 2.010%
24 $250 2.335% 2.360% C, D, Q
$50,000 2.384% 2.410%
$100,000 2.433% 2.460%

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 (Business Regular Savings) is required for Provident Credit Union membership of businesses.
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.
D) You can add deposits of any amount, at any time, up to a maximum balance of $1,000,000 without affecting your term. Deposits that bring the balance over $1,000,000 are at the discretion of Provident's management. These are excellent accounts to be used with direct deposit, payroll deduction, or automatic transfer.
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.
P) There is a service charge of $2 per month for this account.
Q) This account requires concurrent enrollment in a Provident HSA Checking account.

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