Savings Account
Regular Savings
Grow your money as a member
Whether you’re planning a trip, putting money away for a rainy day, or saving for life’s next big moment, we have a variety of solutions to help you reach your goals:
- No monthly fees
- Minimum balance of $5
- Free online and mobile banking
- Free financial counseling and advice
- Early Direct Deposit – Get your funds up to two days early1
Prime Time Savings
Things get better with age.
Did you know that if you are age 60 or older, you can enjoy PRIME benefits at PFCU? There is no fee to join, and you can enjoy these great benefits:
- Free box of checks annually
- Minimum balance of $5
- Earn higher returns than our Regular Savings Account with a $100 minimum balance
- Automatically available when you turn 60
- Early Direct Deposit – Get your funds up to two days early1
Holiday Club Account
Start saving for big moments and special occasions
We could all use a little extra cash around the holidays. Tax time, too. Plan ahead and save. Just put away a little bit of cash every month, then enjoy a stress-free holiday.
- Use for holiday gifts or property taxes
- Balances are automatically deposited into savings account by November 1st**
- No minimum balance required
- No monthly fees
- Early Direct Deposit – Get your funds up to two days early1
Effective Date as of 04/01/2024*
Savings
| Account | Dividend rate | APY* |
|---|---|---|
| Minimum Balance Savings | 0.20% | 0.20% |
| Prime Time Savings | 0.25% | 0.25% |
| Holiday Club Account* | 0.20% | 0.20% |
CALCULATORS: 9 to help you save now & for the future.
Frequently Asked Questions
At Providence Federal Credit Union we offer a variety of different term options with great rates of return:
- 6 Month Certificate
- 12 Month Certificate
- 18 Month Certificate
- 24 Month Certificate
For more information, visit our Certificates Page.
Yes, we do. Providence Federal Credit Union is here to help with our Holiday Club Account. Simply stash away a little bit of cash every month and you’ll be a Santa rock star come December. Imagine stress-free holidays and your loved ones getting everything on their wish lists!
For more information, visit our Savings Page and see our current savings account rates on our Rates Page.
Savings accounts are a great way to save money for the future. Unlike saving in a certificate account or IRA, you have access to your money anytime! Providence Federal Credit Union’s savings accounts offer:
- With a Share Account, you solidify your membership in the credit union and can start taking advantage of the products and services.
- All it takes is $5.00 to open an account and that gives you one share in the ownership of Providence Federal Credit Union.
- When you reach a balance of $100.00 in your share, you’ll begin to accumulate monthly dividend payments.
For more information, visit our Savings Page and see our current saving account rates on our Rates Page.
Yes! We offer the following accounts for minors:
- Cub Account (Newborn to 10 Years Old)
- Cubby Certificate (Newborn to 10 Years Old)
- iPlus Kids Savings Account (11 to 12 Years Old)
- iProsper Teen Account – Savings and Checking (Ages 13 to 17)
See our Kids & Teen Savings Page for more information.
With a savings account from Providence Federal Credit Union you’ll earn dividends on your savings on a monthly basis.
Visit our Rates Page for more information on savings account dividend rates.
The $5 minimum deposit required for membership must remain in your account. However, the more you keep in your savings account the more interest you’ll earn!
For more information on Providence Federal Credit Union savings accounts, visit our Savings Page.
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Need more information?
Connect with a PFCU Member Consultant, by scheduling an appointment, video chat, email, or phone.
Financial Health Check
Looking for freedom from debt and money worries? You’re in the right neighborhood. We’ll help you create a realistic budget, build achievable goals, and reduce high-interest debt.
*APY (ANNUAL PERCENTIAGE YIELD). For the Holiday Club account, the entire balance will be paid to you by check or transferred to another account of yours on or after November 1 and the Club account will remain open. If you make a withdrawal before November 1, the Club account will be closed, and you will not be eligible for another Club account for one year. You may make transfers or withdrawals in the first seven (7) days after the Club account is opened without restriction.
Dividends will be compounded and credited monthly. For dividend bearing accounts, the Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period.
Learn more by visiting our Truth-in Savings Disclosure.
1You may receive a direct deposit up to two (2) days early with Early Direct Deposit or depending on when your employer/payer provides us the information, and if 1) you have a checking or savings account with us, and 2) a recurring qualifying direct deposit. It is at our discretion to identify which recurring direct deposits are eligible for Early Direct Deposit. We cannot guarantee that you will receive the Early Direct Deposit service due to unanticipated circumstances. Early Direct Deposit is automatic and it’s a free service.