Business Term Share Certificates
Grow Your Savings
Explore the benefits of our Term Share Certificates, a financial tool designed to enhance your savings strategy. These certificates provide a secure and reliable means of increasing your earnings by unlocking higher returns on larger balances with our tiered rates, ultimately assisting your small business in achieving its long-term financial goals.
With our Business Term Share Certificates, you have the ability to earn higher dividends on larger account balances with our tiered rates. The dividends you earn each month can be added to the certificate balance or transferred to a different account without penalties.
Features
- Tiered rates available on most products
- Guaranteed rates of return
- High competitive yields
- Multiple term options
- Bump-up and Add-on options available
- Low minimum balance requirements
- Federally insured up to $250,000 by the NCUA
- Rate bonus available to qualified members. Contact us for details.
Requirements
- Must open a Business Savings Account prior to opening
Business Certificates
To open an account, schedule an appointment at a Provident Community Branch. If you are an existing Provident Business Member, you may open an account by calling (800) 632-4600.
Compare our most popular certificates
Still not sure which is right for you? Select up to three and compare their rates and features to learn more.
| Product | Pick-A-Term | Fixed Rate Certificate | Liquid Certificate | Bump-Up Certificates | Fixed Rate Add-On Certificate | Variable Rate Add-On Certificate |
|---|---|---|---|---|---|---|
| Overview |
This limited time offer is a great option for a high dividend rate on 3 or 6 month terms. |
Some of the highest fixed rates you'll find on federally insured accounts. Our term share certificates224 pay substantially higher dividends than banks. |
You can get the rate of a certificate and still deposit and withdraw funds from it when you need to. The Liquid Certificate224 offers: |
A high-rate certificate224 with that you can add deposits of any amount — any time. |
A high rate certificate224 that you can add deposits of any amount -- anytime! |
|
| APY |
4.75%
|
1.21% - 2.66% depending on your term and account balance
|
1.61% APY
|
2.06% APY - 2.16% APY depending on your account balance
|
1.96% APY - 2.06% APY depending on your account balance
|
2.06% APY - 2.16% APY depending on your account balance
|
| Minimum Balance |
$10,000
|
$1,000
|
$5,000
|
$500
|
$250
|
$500
|
| Apply | Apply | Apply | Apply | Apply | Apply |
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 | 4.650% | 4.75% | C, DDD |
| 6 Month Pick-A-Term | $10,000 | 4.650% | 4.75% | |
| 9 Month Pick-A-Term | $10,000 | 4.650% | 4.75% | |
| 12 Month Pick-A-Term | $10,000 | 4.410% | 4.50% |
Term Share Certificates
| Type | Min. Balance | Dividend Rate | Annual Percentage Yield (APY) | Disclaimers |
|---|---|---|---|---|
| 6 Month Fixed | $1,000 | 1.203% | 1.21% | C |
| $50,000 | 1.253% | 1.26% | ||
| $100,000 | 1.302% | 1.31% | ||
| 12 Month Fixed | $1,000 | 2.041% | 2.06% | C |
| $50,000 | 2.090% | 2.11% | ||
| $100,000 | 2.139% | 2.16% | ||
| 12 Month Add-on | $250 | 1.943% | 1.96% | C, D |
| $50,000 | 1.992% | 2.01% | ||
| $100,000 | 2.041% | 2.06% | ||
| 12 Month Youth Add-on | $50 | 1.943% | 1.96% | C, D, O |
| $50,000 | 1.992% | 2.01% | ||
| $100,000 | 2.041% | 2.06% | ||
| 12 Month Deferred Dividend | $500 | 2.041% | 2.06% | C, E |
| $50,000 | 2.090% | 2.11% | ||
| $100,000 | 2.139% | 2.16% | ||
| 13 Month Liquid | $5,000 | 1.598% | 1.61% | C, K |
| 24 Month Fixed | $1,000 | 2.139% | 2.16% | C |
| $50,000 | 2.188% | 2.21% | ||
| $100,000 | 2.237% | 2.26% | ||
| 24 Month Bump-up | $500 | 2.041% | 2.06% | C |
| $50,000 | 2.090% | 2.11% | ||
| $100,000 | 2.139% | 2.16% | ||
| 24 Month Variable Add-on | $500 | 2.041% | 2.06% | C, D |
| $50,000 | 2.090% | 2.11% | ||
| $100,000 | 2.139% | 2.16% | ||
| 36 Month Fixed | $1,000 | 2.237% | 2.26% | C |
| $50,000 | 2.286% | 2.31% | ||
| $100,000 | 2.335% | 2.36% | ||
| 48 Month Fixed | $1,000 | 2.384% | 2.41% | C |
| $50,000 | 2.433% | 2.46% | ||
| $100,000 | 2.482% | 2.51% | ||
| 60 Month Fixed | $1,000 | 2.530% | 2.56% | C |
| $50,000 | 2.579% | 2.61% | ||
| $100,000 | 2.628% | 2.66% |
- C) Early Withdrawal Penalties: A penalty may be imposed for withdrawals before maturity for certificates: 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.
- 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.
- 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, the 3 Month Pick-A-Term Certificate will automatically renew to the 3 Month Pick-A-Term Certificate fixed rate. 6 Month Pick-A-Term Certificate will automatically renew to the 6 Month Pick-A-Term Certificate fixed rate and the 9 Month and 12 Month Pick-A-Term Certificates will renew to the 12 Month Pick-A-Term Certificate fixed rate in effect at that time.
- E) Deferred Dividend Certificate: Dividends are paid at maturity. Deposits cannot be added to this certificate once the certificate has been opened.
- K) 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. No dividends are paid on balances below the balance minimum.
- O) Primary account owner must be under 18 years of age. Joint owner must be 18 years or older.