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.
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.
F) Rate is subject to change quarterly at the discretion of the Board of Directors.
G) IRA contributions are limited to $6,000 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.
M) Rate can be increased one time during certificate term, to the currently published Bump-Up Certificate rate with that same term.
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.
NN) APY (Annual Percentage Yield). Rate effective June 1, 2018. Limited time offer. Dividend rates are fixed for the term of the certificate. The minimum opening deposit is $10,000 and must be funds that have not been on deposit with Provident Credit Union for the last 60 days. Deposits cannot be added to this certificate once it has been opened. Institutional deposits are eligible. At maturity, this certificate will automatically renew to the 24 month IRA certificate fixed rate in effect at that time.
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