Savings Accounts and Certificates

Save for the future

Provident Savings Accounts Feature

Provident Credit Union can help you save for the future with a variety of savings accounts and certificates that offer convenient services, low fees and great rates.

Schedule Appointment   Apply for Savings Account

When you join, we ask that you deposit $5 into a savings account. This represents your "share" of stock in the organization. The share price never changes. You earn dividends on all of your savings accounts, certificates, and great rates on your loans.

Features

  • Basic savings account for all Provident members

  • ​Can be used an overdraft source for Provident Checking accounts​

  • Current rates between ​0.030% APY - ​0.080% APY depending on your account balance

Provident Savings Account

Provident is member-owned and by opening this account, you'll become an owner too.

Tiered rates are available on most of our certificates. Tiers give you the ability to earn higher dividends on larger account balances.  Dividends208 you earn each month can be added to the certificate balance or transferred to a different account without penalties.  

Features

  • Fixed Rates (on most products)

  • Guaranteed rates of return

  • High competitive yields

  • Multiple term options

  • Bump-up and Add-on options available

  • Low minimum balance requirements
     

Term Share Certificates

Term share certificates224 are the credit union industry's versions of certificates of deposit (CDs). 

Provident Credit Union Money Market accounts offer higher dividends than typical savings accounts with convenient access to your money. This higher-rate savings account is perfect if you want both higher rates and instant liquidity.

Features

  • Earns dividends

  • Instant liquidity

  • Can be used as an overdraft source for Provident Checking accounts

  • Current rates between ​0.080% APY - ​0.260% APY depending on your account balance

Money Market Account

Looking for an attractive investment yield without tying up your savings? 
 

Looking for a new investment option that pays premier returns?

Features

  • Earns higher dividends than a regular Money Market account

  • ​Instant liquidity

  • Current rates between ​0.080% APY - ​0.410% APY depending on your account balance​

Premier Money Market Account

The Premier Money Market Savings account offers the same liquidity as a regular Money Market Savings, but with much higher yields, as long as you meet requirements.020

The $5 minimum deposit required represents your "share" of stock in the organization. Once your Business Savings account is opened, you can open a Business Checking account.​

Features

  • Basic savings account for business Provident members

  • Current rates between ​0.030% APY - ​0.080% APY depending on your account balance

Bring your completed application to any Provident Credit Union branch.

Business Savings Account

This account establishes your business as a member of Provident Credit Union.

Features

  • Guaranteed minimum rate of return  through December 31st of the current year, even if market rates fall.

  • Current rate 2.060% APY

  • No monthly fees

  • Variable annual percentage yield (APY)

  • Maximum deposit of $3,000 per month

  • $25 to open
     

Accumulator Savings Account

Save now for near-future needs such as holiday expenses, travel, or property or income taxes. Experience how convenient and easy savings money can be. 

Features

  • Basic savings account for youth Provident members

  • Current rates between ​0.030% APY - ​0.080% APY depending on your account balance.

  • Free Visa® debit card available

Youth Savings Account

When a Youth Savings account is opened, the child becomes a member of Provident.

Features

  • No monthly fees

  • 100% of eligible transactions matched for first three months on your first enrolled account 015

  • 5% of eligible transactions matched on this. All subsequent enrolled accounts after the first three months, up to $250 per year. Super Reward Checking not eligible for matching.

  • Current rate ​0.030% APY

At the end of each month, you can transfer your balance to an eligible Provident savings account, loan, or credit line. Checking accounts are not eligible. Or, keep your funds in your Round Up Savings account and watch it grow.

Round Up Savings

Round Up Savings223 helps you save by automatically rounding up your debit card purchases to the nearest dollar and transferring the difference to a Round Up Savings account from your checking account.

Free Financial Consultation

Make an appointment with an experienced Financial Consultant.

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Disclosures

  • 015) 100% matching applies to first enrolled account only. Matching funds are based solely on signature transactions (i.e. when the credit option is selected). The Super Reward Checking account is not eligible for matching.
  • 019) Minimum withdrawal: $500. Minimum balance: $5,000. Withdrawals must be made in person at a Provident Credit Union branch or by calling Provident at (800) 632-4600. Withdrawals allowed without penalty every 7 calendar days. Maximum of 3 withdrawals per month. No dividends are paid on balances below the balance minimum.
     
  • 020) Requires a minimum $1,000/month Direct Deposit to a checking account under the same membership, to begin no later than 90 days from the date the account is opened and to continue for the life of this account. If the direct deposit does not begin or stops, the account is eligible to earn the Base Premier Money Market account rate. Eligibility is based on the prior month's transactions i.e. to earn dividends for the month of December, the account must meet the requirements in November.
  • 208) No dividends are paid on balances below the balance minimum.
  • 223) Joint owners are not allowed on the Round Up Savings account.
  • 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.