Minimum Opening Deposit:

$100

Minimum Balance to Obtain APY

$10.00

Monthly Service Charge:

$2.00

Minimum Balance to Waive Monthly Service Charge:

$100

Excess Transaction Fee:

If your balance falls below $100 on any day of the month you are limited to 2 withdrawals per month. Subsequent withdrawals will be charged $1 per withdrawal.

Minimum Balance:

$10.00

Interest:

Interest rate and annual percentage yield may change daily, at our discretion. Interest is compounded daily and credited quarterly.

Interest Method:

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).

Ownership Type:

Individuals

Minimum Opening Deposit:

$1,000

Monthly Service Charge:

$10.00

Minimum Balance to Waive Monthly Service Charge:

$2,500

Excess Transaction Fee:

None

Minimum Balance:

$100

Interest:

Interest rate and annual percentage yield may change daily, at our discretion. Interest is compounded daily and credited quarterly.

Interest is not earned on any day your balance is below $2,500. You must maintain a minimum balance of $2,500 in our account every day to obtain annual percentage yield.

A checking account with direct deposit must be opened to obtain posted annual percentage yield (APY).

Interest Method:

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).

Ownership Type:

Individuals

Minimum Opening Deposit:

$5.00

Monthly Service Charge:

None

Minimum Balance to Waive Monthly Service Charge:

None

Excess Transaction Fee:

None

Minimum Balance:

$5.00

Interest:

Interest rate and annual percentage yield may change daily, at our discretion. Interest is compounded daily and credited quarterly.

Interest Method:

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).

Ownership Type:

Individuals under the age of 18

ATM Card is available to minors 16 years of age and above. To receive an ATM card the account must be in the name of the minor and a parent or guardian. Account would be held as joint tenants, one signature require for withdrawal.

Minimum Opening Deposit:

$1,000

Monthly Service Charge:

$10.00

Minimum Balance to Waive Monthly Service Charge:

$10,000

Excess Transaction Fee:

None

Interest:

Interest rate and annual percentage yield may change daily, at our discretion. Interest is not compounded until credited to the account. Interest is credited monthly.

Interest is not earned on any day your balance is below $2,500. You must maintain a minimum balance of $2,500 in our account every day to obtain annual percentage yield.

Interest Method:

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).

Ownership Type:

Individuals

Check Return Option:

Imaged check copies are provided with each statement at no charge.  You may request original items be returned with your statement for an additional fee of $3 per month.

Check Access:

Yes

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.

Minimum Opening Deposit:

$1,000

Terms:

3 Months - 5 Years

Method of Compounding:

Daily

Interest Payment Options:

Interest reinvested, paid by check or transferred to your Provident Bank checking or savings account.

Interest Payment Frequency:

Paid quarterly. Monthly option available with interest transfer or check.
Paid at maturity option available for terms one year or less.

Interest Payment Method:

The interest rate for your account will be paid until the maturity date of your certificate. The annual percentage yield assumes interest remains on deposit until maturity. A withdrawal will reduce earnings.

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).

Grace Period:

7 calendar days

This account will automatically renew at maturity. You will have 7 calendar days from the maturity date to withdraw your funds without being charged a penalty.

Early Withdrawal Penalty:

Account Term:
90 days but less than 1 year
1 year but less than 2 years
2 years and greater

Restrictions:

After the account is opened, you may not make deposits into or withdrawals from this account, regardless of the term, until the maturity date.

If you withdraw any principal before the maturity date, a penalty may be imposed on the amount withdrawn. The penalty imposed could result in a loss of principal.