Daily Rates
Checking Accounts
Rates are valid as of and are subject to change.
| Type | Min. Balance | Dividend Rate | Annual Percentage Yield (APY) | Disclaimers |
|---|---|---|---|---|
| Super Reward Checking | up to $25,000 | 1.253% | 1.26% | I |
| Amounts above $25,000 | 0.080% | 0.08% | ||
| Requirements Not Met | 0.000% | 0.00% |
- I) To receive the rates above 0%, you must complete the following three requirements each month: 1) make purchases of $400 or more using a Provident debit and/or credit card, 2) complete one direct deposit or ACH transfer (automatic debit or credit), and 3) receive online e-Documents. If these requirements are not met in their entirety, the APY will be 0%. All qualifying purchases and transactions referred to as "per month" or "monthly" only count towards the requirement of the month in which they POST, which will be on a business day (Monday – Friday) and may take one or more business days from the purchase/transaction date. The minimum deposit required to open this Account is $25. No minimum balance required and no monthly fee will be assessed. To qualify you must also be a member and age 18 or older. Dividends are forfeited if the account is closed prior to scheduled dividend payment date. Effective February 1, 2013 no more than 1 (one) Super Reward Checking account can be opened per membership.
High Yield Money Market Account
Rates are valid as of and are subject to change.
| Type | Min. Balance | Dividend Rate | Annual Percentage Yield (APY) | Disclaimers |
|---|---|---|---|---|
| High Yield Money Market | $2,500 | 0.080% | 0.08% | F, NN |
| $10,000 | 0.608% | 0.61% | ||
| $50,000 | 0.658% | 0.66% | ||
| $100,000 | 0.757% | 0.76% | ||
| $250,000 | 3.687% | 3.75% |
Savings Accounts
| Type | Min. Balance | Dividend Rate | Annual Percentage Yield (APY) | Disclaimers |
|---|---|---|---|---|
| Membership, Youth, and Secondary Savings | $5 | 0.030% | 0.03% | A, NN |
| $25,000 | 0.080% | 0.08% | ||
| Premier Money Market | $25,000 | 0.708% | 0.71% | H, NN |
| $75,000 | 0.807% | 0.81% | ||
| $125,000 | 0.906% | 0.91% | ||
| Requirements Not Met | 0.080% | 0.08% | ||
| Money Market | $2,500 | 0.080% | 0.08% | NN |
| $10,000 | 0.608% | 0.61% | ||
| $50,000 | 0.658% | 0.66% | ||
| $100,000 | 0.757% | 0.76% | ||
| Accumulator | $25 | 2.325% | 2.35% | B, NN |
| Round Up | $0 | 0.030% | 0.03% | L, NN |
- A) This account (Membership Savings, Youth Savings, or Business Savings) is required for Provident Credit Union membership.
- B) Terms and Conditions: The Annual Percentage Yield (APY) is variable and subject to change. The floor rate is 2.30% APY and guaranteed through December 31 of the current year on all new and existing Accumulator savings plans and is subject to change once a year on January 1st. A minimum deposit of $25 is required to open this account. This minimum will be applied upon the first automatic deposit into your account. If your balance falls below the minimum balance requirement, the next deposit to your account will be applied to meet this requirement. The maximum opening deposit for this account is $3,000. Withdrawals will reduce earnings. If you make a withdrawal prior to maturity you will be assessed a withdrawal fee (See Service Charge Schedule). Withdrawals are not permitted if the withdrawal amount combined with the withdrawal fee exceeds your balance. Dividends are deferred until maturity. Funds will be transferred to your Provident Credit Union Membership Savings account, on the date you select at opening, which must be within 12 months of the open date. If you close your account before your transfer date you will be assessed a withdrawal fee and forfeit all dividends accrued on the account to date. This plan cannot be used for Overdraft Transfer Protection for checking, nor used as collateral on a loan. Withdrawals and transfers are not available through all channels. Contact us for additional information on these channels. The Accumulator Savings Plan is limited to a maximum deposit of $3,000 per month per account. Deposits can only be made by direct deposit, payroll deduction or automatic transfer. In this agreement the terms "Direct Deposit" and "Payroll Deduction" apply only to money deposited from your employer. Withdrawals and transfers cannot be made from this plan via ATM or Shared Branch locations. Terms and conditions may change at any time without notice.
- F) Limited time promotional offer. May be extended or withdrawn without notice. Membership required. The minimum opening deposit is $250,000 and must be funds that have not been on deposit with Provident Credit Union for the last 60 days. You must maintain a minimum daily balance of at least $2,500 in your account each day to obtain the disclosed annual percentage yield. Dividends will be compounded monthly and credited to your money market account monthly.
- H) Requires a minimum $1,000/month Direct Deposit to a checking account under the same membership, to begin no later than 90 days from the date the account is opened and to continue for the life of this account. If the direct deposit does not begin or stops, the account is eligible to earn the Base Premier Money Market account rate. Eligibility is based on the prior month's transactions i.e. to earn dividends for the month of December, the account must meet the requirements in November.
- L) This account is tied to enrollment in the Round Up Program and will be automatically opened within one business day. Round Up Program enrollment is only available within online banking and you must have an eligible checking account at Provident.
- NN) Fees may reduce earnings on all savings and money market accounts.