Variable Rate IRA Certificate
Variable Rate IRA Term Share Certificate
Take advantage of good market conditions with this variable rate certificate. Earnings are tax-free if the account is open for five tax years and withdrawn for a qualified reason. See rates.
Available in 24 and 36-month terms
Federally insured to $250,000 by NCUA
Minimum opening balance of $500
IRA contributions are limited to $6,000 per year; additional $1,000 allowed for those over 60 years old to "catch up"
Maximum balance of $1,000,000
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.
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 $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.