Enjoy the tax advantages of opening a Provident Traditional or Roth IRA (Individual Retirement Account), Coverdell ESA (Educational Savings Account), or Health Savings Account (HSA) this tax season, or contribute to your existing Provident IRA, ESA, or HSA. Provident has great rates, and because Provident Credit Union IRAs are federally insured, you are guaranteed a risk-free investment.
Click below for the type of account you are interested in. For a complete listing of the yields on these accounts, click on the Rates link at left.
Health Savings Accounts (HSAs) are sometimes referred to as "Medical IRAs". An HSA is a tax-deductible savings account that can be used to pay for a wide variety of health expenses. For many consumers, the benefits of the tax deduction make HSAs the smart approach to health insurance.
Provident's HSA works like a checking account and earns dividends. Funds for immediate medical expenses are accessed with a debit card.
Government rules determine whether you are eligible and how you operate your account. You must be covered by a high deductible health plan (HDHP) that is HSA compatible and not enrolled in Medicare in addition to other requirements. Unlike Flexible Spending Accounts, your HSA has no "use it or lose it" requirement and also stays with you if you change jobs or retire.
Health Savings Add-On Certificate
This account is available to Health Savings Account (HSA) holders. It requires a low $250 initial minimum deposit. With an HSA certificate, you have the option to choose either a 12 or 24 month term and can make contributions up to your HSA plan limits. This high rate certificate also has an add-on feature which gives you the ability to make deposits at anytime! For an even smarter way to save, you can even select automatic payroll deduction.
Apply to open a new IRA, ESA, or HSA account.