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Minimum
Opening Deposit: |
$2,500 |
|
Monthly
Service Charge: |
$13.00 |
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Minimum
Balance to Waive Monthly Service Charge: |
$2,500
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Excess
Transaction Fee: |
None |
|
Interest**: |
Interest
rate and annual percentage yield may change daily, at our discretion.
Interest is compounded and credited monthly
Interest is not earned on any day the balance drops below $2,500. |
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Ownership
Type: |
Sole
Proprietorships, corporations, partnerships, non-profit organizations |
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Restrictions: |
There
is no limit on the number of withdrawals or transfers of funds to
other Provident Bank accounts made in person, or by mail , or automated
teller machine. For purposes of this account a withdrawal means the
receipt by the account holder of a direct payment form Provident Bank.
All other withdrawals or transfers of funds are restricted to six
per statement cycle. No more than three may be made by check, draft
or similar device drawn by the account holder to third parties. Withdrawals
/ transfers in excess of these limits will subject the account to
loss of transfer capabilities or closure. |
**We
use the daily balance method to calculate the interest on your account.
This method applies a daily periodic rate to the principal in the account
each day. Interest begins to accrue on the business day you deposit noncash
items (for example, checks).
|
Minimum
Opening Deposit: |
$100 |
|
Minimum Balance to
Obtain APY |
$10.00 |
|
Monthly
Service Charge: |
$5.00 |
|
Minimum
Balance to Waive Monthly Service Charge: |
$
300 minimum daily balance in this account |
|
Excess
Transaction Fee: |
If
your average balance is less than $300 per month you are limited to
2 withdrawals per month. Subsequent withdrawals will be charged $1
per withdrawal. |
|
Interest**: |
Interest
rate and annual percentage yield may change daily, at our discretion.
Interest is compounded daily and credited quarterly. |
|
Ownership
Type: |
Sole
Proprietorships, corporations, partnerships, non-profit organizations |
**We
use the daily balance method to calculate the interest on your account.
This method applies a daily periodic rate to the principal in the account
each day. Interest begins to accrue on the business day you deposit non-cash
items (for example,
checks).
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