| |
RATE SPECIALS DISCLOSURES
7 Month CD Special
Effective August 28, 2008 through September 3, 2008
-- Rates and
Specials are subject to change
Visit your local Branch or call 800-442-5201 for further information
and complete terms and conditions.
|
Minimum Opening
Deposit: |
$1000 |
|
Terms: |
7
Month |
|
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. |
|
Grace Period: |
7
calendar days This account will automatically renew into our
regular 7 Month CD at maturity.
You will have 7 calendar days from the maturity date to withdraw
your funds without being charged a penalty. |
|
Early Withdrawal
Penalty: |
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amount withdrawn.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. Early withdrawal penalty for the 7 Month CD
Special is 90 days of interest.
|
|
7 Month CD Special |
Annual Percentage Yield
|
|
$25,000 and above |
3.25 |
|
$10,000 to $24,999 |
3.15 |
|
$1,000
to $9,999 |
3.05 |
12 Month Advantage CD
Effective August 28, 2008 through September 3, 2008 -- Rates and
Specials are subject to change
Visit your local Branch or call 800-442-5201 for further information
and complete terms and conditions.
|
Minimum Opening
Deposit: |
$1000 |
|
Terms: |
12
Months |
|
Method of
Compounding: |
Daily |
|
Interest Payment
Options: |
Interest may be 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 into our
regular |
|
Account Renewal |
This account will
automatically renew into our regular 1 year CD at maturity.
You will have seven (7) calendar days from the maturity date to withdraw
your funds without being charged a penalty. |
|
Early Withdrawal
Penalty: |
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. Early withdrawal penalty for this account is 180 days of interest.
|
|
12 Month Advantage CD
|
Annual Percentage Yield
With Checking Account and Direct Deposit |
Annual Percentage Yield
Without Checking Account and Direct Deposit |
|
$25,000 and above |
3.75 |
3.60 |
|
$10,000 to $24,999 |
3.40 |
3.25 |
|
$1,000
to $9,999 |
3.30 |
3.15 |
|
|
