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
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Basic savings account for business Provident members
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Current rates between 0.03% APY - 0.08% APY1 depending on your account balance
Bring your completed application to any Provident Credit Union branch.
Requirements
Business must be one of the following:
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General or limited partnership
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Corporation (profit or non-profit)
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Limited Liability Company or Limited Partnership
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Sole owner/proprietorship
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Non-profit organization
Minimum Balance
$5 to open. No minimum balance.
Business Savings Account
This account establishes your business as a member of Provident Credit Union.