Term Share Certificates
Term Share Certificates
Term share certificates are the credit union industry's versions of certificates of deposit (CDs). Tiered rates are available on most of our certificates, giving you the ability to earn higher dividends on larger account balances. Dividends you earn each month can be added to the certificate balance or transferred to a different account without penalties.
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
Fixed Rate CertificateSome of the highest fixed rates you'll find on federally insured accounts. Our term share certificates pay substantially higher dividends than banks. Terms range from 6 to 60 months, $1,000 minimum deposit.
Variable Rate “Add-On” CertificateA high rate certificate with only $500 initial minimum deposit, and you can add deposits of any amount -- anytime! Take advantage of good market conditions with this variable rate 24-month term certificate. Great gift idea, and a smart way to save with automatic payroll deduction.
Fixed Rate Add-On CertificateA high-rate certificate with only a $250 initial minimum deposit, and you can add deposits of any amount — any time. Ideal for members that want a guaranteed high rate of return and the flexibility to add deposits from other maturing investments with Provident or at another financial institution. Combine with direct deposit for an excellent way to save.
Bump-Up CertificatesThis savings certificate lets you step up to a higher rate if yields rise. If we advertise a higher rate for this certificate, you can request whatever rate is current, one time, any time during the term of the certificate, and we'll apply it to the remaining term. These 24-month savings certificates have a $1,000 minimum.
Liquid CertificateNow you can get the rate of a Term Share Certificate and still be able to deposit and withdraw funds from it when you need to. The Liquid Certificate offers:
- Unlimited deposits: you can use automated deposits to grow it even more
- Frequent withdrawals: once every seven days019
- Outstanding fixed rate: even higher than many of our longer-term certificates
Deferred Dividend CertificateThis type of certificate works differently from our other type of term share certificates. A deferred certificate is designed to help accumulate money for long-term goals such as retirement or to protect funds you have already saved. Dividends for this account are paid at maturity and compounded annually.
Youth Add-On CertificateThe Youth Add-On Certificate features a low opening deposit of $50, and the ability to add additional funds anytime. This account is a 12-month certificate specifically designed for those under the age of 18. Youth membership required.
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.
B) Terms and Conditions: The Annual Percentage Yield (APY) is variable and subject to change. The floor rate is 0.20% APY and guaranteed through December 31 of the current year on all new and existing Accumulator savings plans and is subject to change once a year on January 1st. A minimum deposit of $25 is required to open this account. This minimum will be applied upon the first automatic deposit into your account. If your balance falls below the minimum balance requirement, the next deposit to your account will be applied to meet this requirement. The maximum opening deposit for this account is $3,000. Withdrawals will reduce earnings. If you make a withdrawal prior to maturity you will be assessed a withdrawal fee (See Service Charge Schedule). Withdrawals are not permitted if the withdrawal amount combined with the withdrawal fee exceeds your balance. Dividends are deferred until maturity. Funds will be transferred to your Provident Credit Union Membership Savings account, on the date you select at opening, which must be within 12 months of the open date. If you close your account before your transfer date you will be assessed a withdrawal fee and forfeit all dividends accrued on the account to date. This plan cannot be used for overdraft protection for checking, nor used as collateral on a loan. Withdrawals and transfers are not available through all channels. Contact us for additional information on these channels. Deposits can only be made by direct deposit, payroll deduction or automatic transfer. In this agreement the terms "Direct Deposit" and "Payroll Deduction" apply only to money deposited from your employer. Withdrawals and transfers cannot be made from this plan via ATM or Shared Branch locations. Terms and conditions may change at any time without notice.