Account Features
Range of Terms
Select the term that best meets your financial goals.
Insured Investment
Federally insured up to $250,000 by the NCUA.
Guaranteed Returns
Your money grows at a fixed rate over your chosen term with locked-in interest.
Features
- Pick-A-Term Certificates offers 3, 6, 9 and 12 month terms
- Federally insured up to $250,000 by NCUA
- Guaranteed rate for the term of the certificate208
Requirements
- Must open a Membership Savings Account prior to opening
- $10,000 minimum balance
- Age 18 and up or have a joint owner
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 Pick-A-Term | $10,000 | 3.928% | 4.00% | C, DDD, MM |
| 6 Month Pick-A-Term | $10,000 | 3.813% | 3.88% | |
| 9 Month Pick-A-Term | $10,000 | 3.445% | 3.50% | |
| 12 Month Pick-A-Term | $10,000 | 3.445% | 3.50% |
- 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.
- DDD) 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 Pick-A-Term Certificate will automatically renew to the 3 Month Pick-A-Term Certificate fixed rate. The 6 Month Pick-A-Term Certificate will automatically renew to the 6 Month Pick-A-Term Certificate fixed rate, and the 9 Month and 12 Month Pick-A-Term Certificates will renew to the 12 Month Pick-A-Term Certificate fixed rate, in effect at that time.
- 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.
Disclosures
- 130) APY = Annual Percentage Yield. Dividend rates are fixed for the term of the certificate. Rates are valid as of and are subject to change.
- 208) APY = Annual Percentage Yield. Rates are valid as of and are subject to change. No dividends are paid on balances below the balance minimum.
- 224) Penalty for early withdrawal may be assessed and may reduce earnings for all term share certificates.
- 229) 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 Pick-A-Term Certificate will automatically renew to the 3 Month Pick-A-Term Certificate fixed rate. The 6 Month Pick-A-Term Certificate will automatically renew to the 6 Month Pick-A-Term Certificate fixed rate, and the 9 Month and 12 Month Pick-A-Term Certificates will renew to the 12 Month Pick-A-Term Certificate fixed rate, in effect at that time.
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