IRA Rates
High yield retirement accounts
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 | 3.928% | 4.00% | AA, C, G, MM |
| 6 Month IRA Pick-A-Term | $10,000 | 3.928% | 4.00% | |
| 9 Month Pick-A-Term | $10,000 | 3.445% | 3.50% | |
| 12 Month Pick-A-Term | $10,000 | 3.445% | 3.50% |
IRA/ESA Accounts
| Type | Min. Balance | Dividend Rate | Annual Percentage Yield (APY) | Disclaimers |
|---|---|---|---|---|
| 12 Month Fixed | $500 | 2.041% | 2.06% | C, G, MM |
| $50,000 | 2.090% | 2.11% | ||
| $100,000 | 2.139% | 2.16% | ||
| 24 Month Fixed | $500 | 2.139% | 2.16% | C, G, MM |
| $50,000 | 2.188% | 2.21% | ||
| $100,000 | 2.237% | 2.26% | ||
| 24 Month Bump-up | $500 | 2.041% | 2.06% | C, G, M, MM |
| $50,000 | 2.090% | 2.11% | ||
| $100,000 | 2.139% | 2.16% | ||
| 24 Month Add-on | $250 | 2.041% | 2.06% | C, D, G, MM |
| $50,000 | 2.090% | 2.11% | ||
| $100,000 | 2.139% | 2.16% | ||
| 24 Month Variable Add-on | $500 | 2.041% | 2.06% | C, D, G, JJ, MM |
| $50,000 | 2.090% | 2.11% | ||
| $100,000 | 2.139% | 2.16% | ||
| 36 Month Fixed | $500 | 2.237% | 2.26% | C, G, MM |
| $50,000 | 2.286% | 2.31% | ||
| $100,000 | 2.335% | 2.36% | ||
| 36 Month Variable Add-on | $500 | 2.139% | 2.16% | |
| $50,000 | 2.188% | 2.21% | ||
| $100,000 | 2.237% | 2.26% | ||
| 48 Month Fixed | $500 | 2.384% | 2.41% | C, G, MM |
| $50,000 | 2.433% | 2.46% | ||
| $100,000 | 2.482% | 2.51% | ||
| 60 Month Fixed | $500 | 2.530% | 2.56% | C, G, MM |
| $50,000 | 2.579% | 2.61% | ||
| $100,000 | 2.628% | 2.66% | ||
| IRA/ESA Savings Account | $25 | 0.100% | 0.10% | G |
- 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. The 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.
- 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.
- D) You can add deposits of any amount, at any time, up to a maximum balance of $1,000,000 without affecting your term. Deposits that bring the balance over $1,000,000 are at the discretion of Provident’s management.
- 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).
- JJ) The dividend declaration date is the last day of the dividend period at which time these rates will be paid. Rates are fixed unless stated otherwise. Variable rates are subject to change anytime at the discretion of the Board of Directors.
- 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.
When the term is up, you can roll it over into a different IRA/ESA account, or just let it automatically renew at the rate that is current at the time.224
Features
- Flexible terms from 12 - 60 months
- Federally insured up to $250,000 by NCUA
Fixed Rate IRA Term Share Certificates
With a variety of terms and rates to choose from, you can start your risk-free retirement or educational savings now with a $500 minimum.