IRA Pick-A-Term Certificates
Features
-
IRA Pick-A-Term Certificates224 offers 3, 6, 9 and 12 month terms
-
Federally insured to $250,000 by NCUA
Requirements
-
Minimum opening deposit of $10,000
IRA 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 IRA Pick-A-Term | $10,000 | 4.650% | 4.75% | AA, C, G, JJ |
| 6 Month IRA Pick-A-Term | $10,000 | 4.650% | 4.75% | |
| 9 Month IRA Pick-A-Term | $10,000 | 4.650% | 4.75% | |
| 12 Month IRA Pick-A-Term | $10,000 | 4.410% | 4.50% |
- AA) 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 IRA Pick-A-Term Certificate will automatically renew to the 3 Month IRA Pick-A-Term Certificate fixed rate and the 6 Month IRA Pick-A-Term Certificate will automatically renew to the 6 Month IRA Pick-A-Term Certificate fixed rate in effect at that time.
- 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.
- 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.
- JJ) Rate is subject to change anytime at the discretion of the Board of Directors.
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.
- 232) 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 IRA Pick-A-Term Certificate will automatically renew to the 3 Month IRA Pick-A-Term Certificate fixed rate. 6 Month IRA Pick-A-Term Certificate will automatically renew to the 6 Month IRA Pick-A-Term Certificate fixed rate and the 9 Month and 12 Month IRA Pick-A-Term Certificates will renew to the 12 Month IRA Pick-A-Term Certificate fixed rate in effect at that time.