Bump Up IRA Certificate

Disclosures

• 224) Penalty for early withdrawal may be assessed and may reduce earnings for all term share certificates.
• 225) You may request one “Bump-Up” during the term of your Certificate.
• 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.
• G) IRA contributions are limited to $7,000 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. (Applies to all IRA account).
• M) Rate can be increased one time during certificate term, to the current Bump-Up Certificate rate with that same term.
• 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.