Pick-A-Term Certificates
Earn up to 4.00% APY on your terms, tailored to meet the financial needs of your business.
ApplyAccount Features
Range of Terms
Select the term that best meets your financial goals.
Insured Investment
Federally insured up to $250,000 by the NCUA.
Guaranteed Returns
Your money grows at a fixed rate over your chosen term with locked-in interest.
Features
- Pick-A-Term Certificates offers 3, 6, 9 and 12 month terms
- Federally insured up to $250,000 by NCUA
- Guaranteed rate for the term of the certificate208
Requirements
- Must open a Membership Savings Account prior to opening
- $10,000 minimum balance
- Age 18 and up or have a joint owner
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 | 3.928% | 4.00% | C, DDD, MM |
| 6 Month Pick-A-Term | $10,000 | 3.813% | 3.88% | |
| 9 Month Pick-A-Term | $10,000 | 3.445% | 3.50% | |
| 12 Month Pick-A-Term | $10,000 | 3.445% | 3.50% |
- 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, the 3 Month Pick-A-Term Certificate will automatically renew to the 3 Month Pick-A-Term Certificate fixed rate. The 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.
- 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, the 3 Month Pick-A-Term Certificate will automatically renew to the 3 Month Pick-A-Term Certificate fixed rate. The 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.