Bump Up IRA Certificate
Bump-Up IRA Term Share Certificate
This great certificate allows you to step up to a higher rate. If we advertise a higher rate for this IRA certificate than the current rate you are receiving, you can request whatever rate is current, one time, any time during the term of the certificate, and we'll apply it to the remaining term. See rates.
Step up to a higher rate if advertised one time during your term
Federally insured to $250,000 by NCUA
- Initial minimum deposit amount of $500
- Minimum balance to earn dividends is $500
- IRA contributions are limited to $6,000 per year; additional $1,000 allowed for those over 50 years old to "catch up"
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 Master Account Agreement and Disclosure. c) For Youth Add-On certificates the penalty we may impose will equal 180 days earnings.
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.