Provident Credit Union Review: Checking, Savings, CD, Money Market and IRA Accounts

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Updated on Tuesday, September 1, 2020

Provident Credit Union checking account options

Provident Credit Union Super Reward Checking account

They weren’t kidding when they called this account Super Reward. It comes with a fantastic interest rate and up to $12 per month in out-of-network ATM refunds. The only drawback is you need to spend $300 per month on a Provident Credit Union debit or credit card to earn the benefits.
APYMinimum Balance to Earn APY
1.01%$0.01 (qualifying transactions met)
0.08%Balances over $25,000 (qualifying transactions met)
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: None
  • ATM fees: None
  • ATM fee refunds: Up to $12 per month, provided qualifying transactions are met. Otherwise, none.
  • Overdraft fees: $28

Super Reward Checking comes with the most benefits of all the checking accounts offered through this credit union. It offers a sky-high interest rate on balances up to $25,000. If you have more than $25,000 in the account, you’ll earn a much lower rate on any amount over $25,000.

In order to qualify for interest, every statement cycle you need to meet three requirements:

  1. You make at least $300 in purchases using a Provident Credit Union debit or credit card.
  2. You receive at least one direct deposit or automatic debit/credit into your checking account.
  3. You are enrolled in e-Documents (electronic statements.)

If you don’t meet the qualifying transactions, you will not earn interest for the month. However, this account does not charge a monthly fee, even if you miss the required transactions. You need to deposit $25 to open a Super Checking account but after that there’s no minimum balance requirement.

With this account, you can make free withdrawals from the credit union, CO-OP® and MoneyPass® network ATMs. If you use an out-of-network ATM, Provident Credit Union will not charge a fee and they will also refund up to $12 per month in fees from the ATM owners. Once again, you only receive the refund if you meet the qualifying transactions. There is no refund if you don’t.

Before you can open a Super Checking account, you’ll need to join the Provident Credit Union as a member. While you’re signing up, you can open this account at the same time using the same information. You’ll just need to include your opening deposit of at least $25.

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Provident Credit Union Provident Checking account

For the basics, this account isn’t terrible. It comes with free checks and several ways to avoid the monthly fee. Unfortunately, it doesn’t earn interest though.
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: $10 (can be waived)
  • ATM fees: None at Provident Credit Union, CO-OP® and MoneyPass® ATMs. 4 free transactions per month at out-of-network ATMs, then $1.50.
  • ATM fee refunds: None
  • Overdraft fees: $28

The Provident Checking account comes with the essentials like online banking, a debit card and ATM access. It also comes with free checks that you can order one box at a time.

However, this account does not interest. It also charges a $10 monthly maintenance fee. The credit union will waive the fee though if each statement cycle you achieve at least one of the following:

  1. You receive at least $1,000 in direct deposits.
  2. You have a combined balance of at least $2,500 throughout Provident Credit Union checking and savings accounts.
  3. You pay at least two bills electronically through the checking account. Bills paid by paper check do not count.

With the debit card, you can make free withdrawals from Provident Credit Union, CO-OP® and MoneyPass® ATMs. The credit union also lets you make up to four out-of-network ATM withdrawals per month without charging a fee. If you make more than four, they’ll charge $1.50 on any extra transactions. In addition, they do not refund any fees from ATM owners on this account.

You can open the Provident Checking account while applying for Provident Credit Union membership. It’s on the same online application so you can automatically enroll while setting everything up. You will need to submit your $25 opening deposit along with the membership form to complete opening this account.

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Provident Credit Union Simply Free Checking account

As you can guess by the name, Simply Free Checking never charges a monthly fee. In exchange, it doesn’t offer anything but the very basics for your bank account.
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: None
  • ATM fees: None at Provident Credit Union, CO-OP® and MoneyPass® ATMs. 4 free transactions per month at out-of-network ATMs, then $1.50.
  • ATM fee refunds: None
  • Overdraft fees: $28

The Simply Free Checking account is an option for customers who do not want to worry about a monthly fee. This account has no minimum balance requirement and never charges a monthly maintenance fee.

The Simply Free Checking account does not earn interest. It only comes with a debit card, ATM access and online banking. You receive one free box of checks when you sign up as well.

If you want to take out money, you can make free withdrawals from Provident Credit Union CO-OP® and MoneyPass® ATMs. The credit union lets you make four out-of-network transactions per month without charging a fee but if you make more than four, they charge $1.50 per withdrawal. This account does not refund fees from out-of-network ATM owners.

Like the other checking accounts, Simply Free Checking is only available for members of the credit union. If you haven’t joined yet, you can apply for Simply Free Checking at the same time as you fill out your membership form. You can add this account along with the mandatory savings account.

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Provident Credit Union Youth Checking account

Children between the ages of 13 to 17 can open a free checking account to start learning how to manage money.
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: None
  • ATM fees: None at Provident Credit Union, CO-OP® and MoneyPass® ATMs. 4 free transactions per month at out-of-network ATMs, then $1.50.
  • ATM fee refunds: None
  • Overdraft fees: $28

If you have children between the ages of 13 to 17, they can open a Youth Checking account. This account requires an opening deposit of at least $25. After that, there’s no minimum balance requirement or monthly fee.

The Youth Checking account does not earn interest. It just comes with the standard checking account features: a debit card, online banking and ATM access.

Your child can make free withdrawals from Provident Credit Union, CO-OP® and MoneyPass® ATMs. For out-of-network withdrawals, your child can make up to four per month without owing a fee to the credit union, but if they make more than that, Provident Credit Union charges $1.50 for each extra transaction. This account also does not refund fees from ATM owners.

Before your child can open a Youth Checking account, they’ll need to join the credit union as a member. This means opening a Youth Savings account with a deposit of at least $5. When they sign up for membership online or at a branch, they can open their Youth Checking account as well.

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How Provident Credit Union’s checking accounts compare

Out of the credit union’s checking accounts, Super Rewards Checking is by far the best choice. It’s the only one that earns interest and the rate is superb, as good as anything you’ll see on a checking account. It’s also the only account with refunds for out-of-network ATM fees. The only drawback is that to receive the benefits, you need to meet several qualifying transactions each month, like spending $300 on a Provident Credit Union debit or credit card.

The other checking accounts offered by this credit union are less generous. Provident Checking comes with a potential $10 monthly fee and the only real benefit is free checks. Simply Free Checking doesn’t charge a monthly fee and just offers the basics. There’s no real need for it since Super Rewards Checking is also free.

Super Rewards Checking is a terrific option. The only question is whether you feel like dealing with the qualifying transactions each month. If that sounds like a hassle, these online checking accounts offer the same generous benefits but they don’t require you to put in a bunch of work each month to qualify.

Provident Credit Union savings account options

Provident Credit Union Savings account

To join the Provident Credit Union, you need to open a savings account for at least $5. The interest rate is very low so we do not recommend adding any more than the minimum.
APYMinimum Balance to Earn APY
0.03%$5
0.08%$25,000
  • Minimum opening deposit: $5
  • Monthly account maintenance fee: None
  • ATM fees: None at Provident Credit Union, CO-OP® and MoneyPass® ATMs. 4 free transactions per month at out-of-network ATMs then $1.50.
  • ATM fee refunds: None
  • Overdraft fees: $28

When you apply to join the credit union, the application will require you to open a Membership Savings account for $5. This account earns interest so long as you have at least $5, but the rate is very low. There’s a slight improvement when you have a balance of at least $25,000 but even then, the rate is poor for a savings account.

The Savings account does not charge a monthly fee. If you want to split up your money for different goals, you can also open Secondary Savings accounts. These extra accounts earn the same interest rate and also do not charge a fee.

If your children want to open any Provident Credit Union accounts, they need to open a Youth Savings account for $5. They’ll be the primary owner on the account and you’ll be the secondary owner.

Provident Credit Union limits how often you can make certain types of withdrawals with this account because of federal Regulation D. There’s no limit to bank or ATM withdrawals. However, for other transactions like transfers, debit card purchases, checks and drafts, you can only make six per month. If you try to make more than six, the credit union will block the transaction but they will not charge a fee. If you continue to go over the limit, they could close your account.

When you sign up to join the Provident Credit Union, the application will require you to open the Savings account with the minimum $5 deposit. You can also open a Secondary Savings account and most of the other personal banking products at this time as well.

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Provident Credit Union Accumulator account

The Accumulator account earns roughly ten times as much interest as the regular savings account. The catch? There’s a steep withdrawal penalty for taking money out before your target date.
APYMinimum Balance to Earn APY
0.31%$25
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: None
  • ATM fees: N/A
  • ATM fee refunds: N/A
  • Overdraft fees: $28

The Accumulator account is supposed to help you save for a specific goal during the year. This could be a vacation, an upcoming wedding or holiday shopping.

When you sign up for the account, you pick a target date. It must be within 12 months of opening the Accumulator account. You then put money aside whenever you can. When you reach the deadline, it will pay out everything you saved, plus interest to your regular savings account.

The Accumulator account earns interest so long as you have at least $25 in the account. The rate is above average and a lot better than Provident Credit Union’s regular savings account. The credit union also guarantees a base return, which they will pay even if market rates drop. Until Dec. 31st, 2018, they guarantee at least 0.20% APY.

The downside to this account is you are supposed to keep money in until the target deadline. Any time you make a withdrawal before then, the credit union charges a $25 penalty.

You must deposit at least $25 to open an Accumulator account. After you open, you can add no more than $3,000 per month to your account. The Accumulator account does not charge a monthly maintenance fee.

If you want to open an Accumulator account, you’ll need to become a member of the Provident Credit Union. You can apply at a branch, online or by mail. You can open the Accumulator account while applying for membership or you can set it up after, through online banking.

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How Provident Credit Union’s savings accounts compare

Provident Credit Union’s regular savings account is rather disappointing. It pays barely any interest at all and will not be much help in growing your money. While you’re going to need to open an account for $5 to set up your membership, we would not recommend adding any more than the minimum.

Their Accumulator account pays a much more attractive rate and we like that the credit union guarantees a base return, a nice feature if you’re worried about rates going down. But you need to be careful with planning because of the early withdrawal penalty. If you miscalculate and take money out before the deadline, the $25 penalty could wipe out all your earnings and then some.

If you want a generous savings rates that won’t make you gamble with an early withdrawal penalty, these online savings accounts could be a better choice. They pay even more than Provident Credit Union’s Accumulator account and there are no penalties for taking money out early.

Provident Credit Union’s CD rates

Provident Credit Union Regular Term Share Certificates

Provident Credit Union’s regular Share Certificates have some attractive rates. Their best offer takes a larger deposit, $10,000 while the rest can be opened for just $1,000.
TermAPY
6 months0.26%
12 months0.46%
18 months3.01%
24 months0.56%
36 months0.61%
48 months0.66%
60 months0.71%
  • Minimum opening deposit: $1,000 ($10,000 for 18 month)
  • Minimum balance amount to earn APY: $1,000 ($10,000 for 18 month)
  • Early withdrawal penalty: For maturities of less than 12 months, the penalty is the greater of 90 days’ of earnings or $100. For maturities of 12 months and longer, the penalty is the greater of 180 days’ of earnings or $150.

The credit union has regular fixed-term certificates which last from six months up to 60 months. With these certificates, you can only add money when you open. There’s no option to add money later.

The 18 month Certificate requires a deposit of at least $10,000 while the others need $1,000. You also need to keep this much in the account to earn the APY. In addition, you can only open the 18 month Certificate with new funds, money that has not been on deposit with the credit union for the last 60 days.

The Term Share Certificates earn a fixed interest rate that will not change. You will receive interest each month during the Certificate term.

You are not supposed to take money out of the regular Share Certificates before the maturity date. If you do, the credit union will charge an early withdrawal penalty:

  • For maturities of less than 12 months, the penalty is the greater of 90 days’ of earnings or $100.
  • For maturities of 12 months and longer, the penalty is the greater of 180 days’ of earnings or $150.

You can open any of the regular fixed-term certificates while applying for Provident Credit Union membership. They are all listed on the membership application. You will need to submit your opening deposit to set up the Certificate, either at least $10,000 for 18 month or $1,000 for the rest.

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Provident Credit Union Special Term Share Certificates

Besides their regular Share Certificates, Provident Credit Union also has several offers with unique features you don’t see on every CD.
TermAPY
12 months (add-on, $250 deposit)0.36%
12 months (youth add-on, $50 deposit)0.36%
12 months (deferred dividend, $500 deposit)0.46%
13 months (liquid, $5,000 deposit)0.31%
24 months (bump up, $1,000 deposit)0.46%
24 months (variable rate add-on, $500 deposit)0.46% Variable
  • Minimum opening deposit: $50 for Youth Add-on, $250 for Add-On, $500 for Deferred Dividend and Variable Add-On, $1,000 for Bump-Up and $5,000 for Liquid.
  • Minimum balance amount to earn APY: $50 for Youth Add-on, $250 for Add-On, $500 for Deferred Dividend and Variable Add-On, $1,000 for Bump-Up and $5,000 for Liquid.
  • Early withdrawal penalty: For maturities of less than 12 months, the penalty is the greater of 90 days’ of earnings or $100. For maturities of 12 months and longer, the penalty is the greater of 180 days’ of earnings or $150.

The Provident Special Share Certificates come with some extra features that aren’t standard on a regular CD. First, the credit union offers a 12 month Special Certificate with a Deferred Dividend feature. With this account, you only receive the dividends at the end of the Certificate term, rather than monthly. You need to deposit at least $500 and keep this in the account to earn the APY.

They also have a 12 month Add-On Certificate. You can open this account for just $250 and in addition, you can add extra funds any time you want before the maturity date. For customers under the age of 18, they offer a Youth Add-On Certificates. It’s the same setup but they can open for just $50.

There is one more Add-On Certificate that lasts 24 months. Once again, you can add money whenever you want before the maturity date. This one has a couple differences. First, you need $500 to open the account. More importantly, it uses a variable interest rate. The amount you receive in dividends each month can go up and down based on market interest rates. For the other Share Certificates offered by this credit union, you receive the same amount each month.

Another way to prepare for rates going up in the future is with Provident Credit Union’s 24 month Bump-Up Certificate. If Provident Credit Union starts paying a higher rate after you sign up, you have a one-time option to request a change to the higher rate. You need at least $1,000 to open this one.

Finally, they offer a 13 month Liquid Certificate. It has the highest balance requirement because you need at least $5,000 to open. In exchange, it gives you the most access to your account. First, you can make additional deposits before the maturity date. It also lets you make a withdrawal once every seven days, without owing an early withdrawal penalty. Your withdrawal must be for at least $500 and can be made by phone or at a Provident Credit Union branch. Your balance also must still be $5,000 or higher after the withdrawal.

The Special Certificates will charge an early withdrawal penalty if you take money out before the maturity date (or if you make more than one withdrawal within seven days for the Liquid Certificate. Since all the Special Certificates last 12 months or longer, the penalty will be the greater of 180 days’ of earnings or $150.

You can open any of the Special Share Certificates as part of your new membership application for Provident Credit Union. After you’re a member, you can also open them up through online banking or at a branch.

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How Provident Credit Union’s CD rates compare

There’s a lot to like about these Share Certificates. The 18 month Certificate pays the most interest with one of the highest rates in the country for this amount of time. The downside is that you need at least $10,000 to open this account and the deposit has to come from new money, funds not already at Provident Credit Union. The other regular Certificates are available for $1,000. While their rates are a small step down compared with the 18 month term, they are still very good.

Beyond the regular offers, Provident Credit Union has shown some creativity with multiple Special Certificates. They also pay highly competitive rates and include extra features like the option to make more deposits, the ability to adjust your interest rate later and the flexibility to take money out before the maturity date.

Between all these choices, you can find an excellent CD at Provident Credit Union. But before deciding, it wouldn’t hurt to rate shop. This list covers the very best options for every CD term. You can quickly compare and see whether Provident Credit Union is the best choice or if you could earn more elsewhere.

Provident Credit Union money market account options

Provident Credit Union Money Market Savings account

Provident Credit Union’s regular money market account never charges a monthly fee but you need at least $10,000 to earn just an average interest rate. There’s not enough return to justify the balance requirements.
APYMinimum Balance to Earn APY
0.08%$2,500
0.16%$10,000
0.21%$50,000
0.31% $100,000
  • Minimum opening deposit: $2,500
  • Monthly account maintenance fee: None
  • ATM fees: None at Provident Credit Union, CO-OP® and MoneyPass® ATMs. 4 free transactions per month at out-of-network ATMs, then $1.50.
  • ATM fee refunds: None
  • Overdraft fees: $28

You need to deposit at least $2,500 to open a Money Market Savings account. This account does not charge a monthly maintenance fee, no matter how low your balance drops. However, if your minimum daily balance falls below $2,500, you stop earning interest.

The base interest rate for this account is very low. When you have at least $10,000, it starts paying an average rate and it’s not until you have at least $100,000 that it starts paying a decent return.

Since this is a money market account, Provident Credit Union limits how often you can take money out because of government regulations. Each statement cycle, you can make no more than six debits like checks, drafts, debit card transactions and account transfers. If you try to make more than six of these transactions, Provident Credit Union will deny the transaction. However, they will not charge a fee. The limits don’t apply to ATM or bank withdrawals so you can make as many of these as you want.

You can open a Money Market Savings account online or at one of their branches. You need to be a member. If you haven’t joined yet, you can set this up with your money market account at the same time.

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Provident Credit Union Premier Money Market Savings account

The rates on Provident Credit Union’s Premier Money Market are a little better than their regular account. But to qualify, you need both a larger balance and a monthly direct deposit into a checking account. It’s a lot of extra work for a little more interest.
APYMinimum Balance to Earn APY
0.31%$25,000
0.41%$75,000
0.51%$125,000
  • Minimum opening deposit: $25,000
  • Monthly account maintenance fee: None
  • ATM fees: None at Provident Credit Union, CO-OP® and MoneyPass® ATMs. 4 free transactions per month at out-of-network ATMs, then $1.50.
  • ATM fee refunds: None
  • Overdraft fees: $28

Provident Credit Union’s Premier Money Market Savings account pays higher rates than the regular money market account. However, it takes more work to qualify. First, you need to deposit at least $25,000 to open and keep this much in your Premier Money Market account to earn interest. The regular money market account just takes $2,500.

You also need to set up a monthly direct deposit of at least $1,000 into a Provident Credit Union checking account. If you don’t meet these requirements, you earn a much lower interest rate. If you qualify for the higher rates, they are an improvement but you still need a ton of money to get a competitive return, at least $75,000.

The Premier Money Market Savings account has the same withdrawal/transfer restrictions. You can only make six transactions per statement cycle like checks, drafts, debit card purchases and account transfers. Provident Credit Union will deny any transaction over six.

The Premier Money Market Savings account is not listed on the new membership application for Provident Credit Union. You’ll need to set up your membership first and then you can apply for this account, either through online banking or at a branch. You should set up a checking account as well so you can meet the monthly direct deposit requirements to earn the better rates.

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How Provident Credit Union’s money market accounts compare

These money market accounts have some nice features but also some significant downsides. We liked that their money market accounts do not charge a monthly maintenance fee. If you fall below the minimum balance requirements, you just earning interest but that’s it. There’s no penalty. Money market accounts are notorious for having high monthly fees so it’s nice that Provident Credit Union goes against this trend.

If you can qualify for the higher rate tiers by keeping a larger balance, their money market rates are also above average. The problem though is how much you need to earn a decent rate. The regular money market account only pays an average rate unless you have $100,000 while the Premier account takes $75,000 to earn something competitive. As an added hassle, you also need to set up a checking account with a monthly $1,000 direct deposit to qualify for the Premier rates.

You can earn a decent return with Provident Credit Union’s money market accounts, but only if you have the deep pockets to qualify. If you want to make a smaller deposit or just want to compare your options, these are the very best money market accounts in the country right now. For a lower balance, you can earn even more than Provident Credit Union’s Premier account.

Provident Credit Union’s IRA CD rates

Provident Credit Union IRA Fixed Rate Share Certificates

For retirement plans, Provident Credit Union offers a wide range of Share Certificates. The rates are competitive across the board and there are some special features you don’t commonly see for IRA CDs.
Fixed rate
TermAPY
12 months0.46%
18 months3.01%
24 months0.56%
24 months (add-on)0.46%
24 months (bump-up)0.46%
36 months0.61%
48 months0.66%
60 months0.71%
Variable rate
TermAPY
24 months (add-on)0.46% Variable
36 months (add-on)2.41% Variable
  • Minimum opening deposit: $500 ($250 for 24 month Add-On, $10,000 for 18 month)
  • Minimum balance amount to earn APY: $500 ($250 for 24 month Add-On, $10,000 for 18 month)
  • Early withdrawal penalty: For maturities of less than 12 months, the penalty is the greater of 90 days’ of earnings or $100. For maturities of 12 months and longer, the penalty is the greater of 180 days’ of earnings or $150.

If you’d like something for your retirement plan, Provident Credit Union offers a wide range of IRA Share Certificates. They have terms which range from 12 months up to 60 months.

Their Share Certificates are split between two categories: fixed and variable. The Fixed IRA Certificates earn the same interest rate the entire time whereas with the Variable IRA Certificates, your monthly earnings can go up and down based on the market conditions.

Besides the interest rates, some of the IRA Certificates have additional benefits. The Variable and 24 month Fixed IRA Certificate include an Add-On feature. You can deposit extra money anytime you want before the maturity date. There is also a 24 month Fixed Bump-Up IRA Certificate. With this one, you have the option to request a one-time rate increase, should Provident Federal Credit Union start paying more after you sign up.

Most of the IRA Certificates require a deposit of at least $500 and you need to keep this much in the account to earn the APY. You can open the 24 month Fixed Add-On Certificate for just $250. The 18 month Fixed IRA Certificate takes $10,000 because it earns by far the highest rate. In addition, you can only open the 18 month IRA Certificate with new funds, money that hasn’t been with Provident Credit Union for the last 60 days.

These IRA Certificates charge an early withdrawal penalty if you take money out before the maturity date. It will be either 180 days’ worth of earnings or $150, whichever is greater. All Provident Credit Union’s IRAs also charge a $15 annual fee for staying open.

Before you can sign up for any of the IRA Certificates, you need to join the Provident Credit Union. Once you’re a member, you can apply for the IRA Certificates online through their retirement central portal. You can also sign up at a branch or fill out the forms at home and then mail/fax them to Provident Credit Union.

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Provident Credit Union IRA Savings account

If you can’t meet the deposit requirements for an IRA Certificate or want something with more access, you can use this account. It only takes a $25 deposit, but the interest rate is very low.
APYMinimum Balance to Earn APY
0.10%$25
  • Minimum opening deposit: $25
  • Annual account maintenance fee: $15

Besides their IRA Certificates, Provident Credit Union also offers an IRA Savings account. You can open this account for a deposit of just $25. That’s all you need to keep in the account as well to earn interest. If you fall below this amount, there is no fee but you stop earning interest.

The interest rate on this account is very low. It stays the same for all balances so you won’t earn more by depositing more. With an IRA Savings account, you aren’t committing to keeping your money with Provident Credit Union for a set amount of time. You can add money at your convenience and take money out without owing Provident Credit Union an early withdrawal penalty.

All Provident Credit Union’s IRA accounts charge a $15 annual fee. You need to pay the fee for keeping the account open and can’t avoid it by having a larger balance.

If you’d like to open an IRA Savings account, you first need to join the Provident Credit Union. Once you’re a member, you can go to their retirement central website and either submit the application form online or print it out and send it in by mail/fax. You can also apply at a branch.

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How Provident Credit Union’s IRA CD rates compare

When it comes to IRA CDs, Provident Credit Union has done a nice job designing their products, both in terms of quality and variety. Their IRA Certificate rates are all above average. If you can meet the $10,000 deposit for the 18 month Certificate, you’ll earn one of the very best rates in the country for this type of account.

The rest of the IRA Certificate rates, while not as eye-popping as the 18 month, are still attractive. In addition, some of them have extra benefits like the option to add more money or to “bump up” your rate later. While Provident Credit Union also offers an IRA Savings account, we would stay away from it. The interest rate is too low and in addition, there’s a $15 annual fee. That would likely cancel out most of your earnings.

Stick with Provident Credit Union’s IRA Certificates and you’ll be making a smart decision for your retirement plan. Or, if you’d like a second opinion, check out this list of the very best IRA CD rates from around the country.

Overall review of Provident Credit Union’s banking products

There’s quite a range in the quality of Provident Credit Union’s banking products. Some of the accounts are excellent while others are not worth the effort. If we had to pick a favorite, it’s a tie between Super Reward Checking and their Certificates/IRA Certificates.

Super Reward Checking pays an excellent interest rate and comes with a generous $12 per month refund for out-of-network ATM fees. The Certificates/IRA Certificates also pay highly competitive rates and have all kinds of terms and special features to choose from.

We would not go out of our way for anything else at Provident Credit Union. The money market accounts make you jump through too many hoops to earn a competitive rate while their regular savings accounts pay practically no interest.

If you’re going to open something with Provident Credit Union, stick with the top-recommended accounts. We hope this review helps you weed out what’s useful and what’s not.

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