Province Bank CD Rates

Making banking easier and more convenient is the goal of Province Bank in Marietta, Pennsylvania.  Province Bank believes in providing bank products and services that are designed to be easy-to-understand and even easier to use.  The bank was established on September 12, 2000 and has been FDIC insured since that time.  The bank has three bank branches in Marietta, Columbia and Lancaster.  Province Bank FSB is chartered as a Savings Association.  Therefore the primary regulator is the Office of Thrift Supervision (OTS).

At the end of September 2008, the bank had grown to having total assets of $97,396,000.  Through that time period in 2008, the bank had net income of $234,000.  Also, at the end of September 2008, the bank had non current loans that were only 0.14% of total loans and leases.  The banks tier 1 risk based capital ratio was 33.23% and total risk-based capital ratio was 34.29%.  These ratios put the bank in a new category we will call extremely well capitalized.

Province Bank offers a variety of options to help their customers steer their financial course.  The bank provides products and services that range from no-hassle checking to multiple savings plans, money market accounts and CDs.  The checking account options provided by the bank range from those that may be used for people who prefer to keep a low balance in checking and let their money work harder elsewhere and checking accounts specially designed for those who need to maintain more check writing funds.

With the banks statement savings account, $10 is all that is needed to get the account started.  The tiered interest rate program pays a higher interest rate the more that is saved in the account.  The money market account combines the convenience of checking with the return of an investment account.  Limited check writing on the money market account lets account holders access funds from your investment when you need them.

The bank certificates of deposit have a wide variety of terms with competitive rates on CDs from 90 days to 5 years.  For certain CD terms, interest can be deposited directly into a checking account.  Bank CD rates and terms include the following:

3 month certificate of deposit has an interest rate of 1.25% APY
6 month certificate of deposit earns an interest rate of 1.50% APY
1 year certificate of deposit rate is 1.95% APY
18 month certificate of deposit yields a rate of 2.25% APY
2 year certificate of deposit rate is 3.00% APY
3 year certificate of deposit has an interest rate of 3.50% APY
4 year certificate of deposit earns a rate of 3.55% APY
5 year certificate of deposit has an interest rate of 3.75% APY

There is a $500.00 minimum deposit requirement on the bank CDs.  CD interest compounded semi-annually.  CD rates and annual percentage yields are subject to change daily.  Additional account requirements may exist.  Contact a bank representative to obtain the latest CD rates and CD account details at 866-221-7529.  The bank maintains deposit rates including the CD rates on their website at www.provincebank.com.

Tags: 1 year CD rates, 1 year certificate of deposit, 3 month CD rates, 6 month certificate of deposit, Banks, CD rates, CD rates Pennsylvania, certificate of deposit, checking account, money market account, Pennsylvania bank, Province Bank, savings

This entry was posted on Tuesday, February 17th, 2009 at 9:46 pm and is filed under Bank Promotions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.