Personal Banking | Rates

 

Rates


Interest Rates and Annual Percentage Yields on our deposit offerings
are current as of 08/13/2010, and may change as often as daily.

Checking and Savings Accounts

Please see our Disclosure information
Account Type
Interest Rate
Annual % Yield
NOW Account 0.02%   0.02%
Super NOW Account 0.05% 0.05%
Money Market Account 0.05% 0.05%
Super MMDA 15 0.07% 0.07%
Super MMDA 25 0.15% 0.15%
Super MMDA 50 0.25% 0.25%
Charitable Account 0.99% 1.00%
Savings Accounts 0.10% 0.10%
 

Certificates of Deposit and IRAs ~ Specials

The Minimum Opening Deposit and Balance Requirement is $5,000.
Please see our Disclosure information
Term
Interest Rate
Annual % Yield
13 Months  .75%  .75%
27 Months 1.29% 1.30%
57 Months 2.09% 2.10%
 

Certificates of Deposit and IRAs

The Minimum Opening Deposit and Minimum Balance Requirement is $1,000 for Terms 60 Months or less and $10,000 for Terms 72 Months or greater.
Please see our Disclosure information
Term
Interest Rate
Annual % Yield
91 Days 0.10% 0.10%
182 Days 0.20% 0.20%
12 Months 0.45% 0.45%
18 Months - Fixed 0.65% 0.65%
18 Months - Variable Varies  Varies 
24 Months 0.85% 0.85%
36 Months 1.10% 1.10%
48 Months 1.24% 1.25%
60 Months 1.49% 1.50%
72 Months 2.29%  2.30%
84 Months 2.68%  2.70%
96 Months 2.88%  2.90%
108 Months 3.07%  3.10%
120 Months 3.23%  3.25%

Disclosures
 
Rate Information: These are interest bearing accounts. The interest rate and annual percentage yield will not change for the term of  the account, excluding variable rate accounts. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). The stated APY (Annual Percentage Yield) assumes that interest is compounded at maturity for terms less than one year and semi-annually for terms greater than one year. The stated annual percentage yield assumes that interest will remain on deposit until maturity. Withdrawals will reduce earnings. Interest will be credited semi-annually, or at maturity if the term is less than twelve months. Interest can be paid to your PVB Checking or Savings account monthly or quarterly.
 
Balance Information: The daily balance method is used to calculate interest on the account. This method applies a daily periodic rate to the principal in the account each day. Additional deposits can be made to CD accounts at maturity. Contributions to IRAs can occur at any frequency. Principal withdrawals can only be made at maturity, excluding Required Minimum Distributions on IRAs.
 
Limitations: The minimum opening deposit and minimum balance requirement is $1,000 on regular CDs and IRAs with a term of 60 months or less and is $10,000 on regular CDs and IRAs with a term of greater than 60 months. You may NOT withdraw from this account for the first 7 days after opening. If you withdraw any of the principal before the maturity date, we may impose a penalty: If the term of the account is twelve months or less, the penalty is three (3) months interest; if the term is greater than 12 months to 60 months, the penalty is twelve (12) months interest and if the term of the account is greater than 60 months to 96 months, the penalty is eighteen (18) months interest. If the term of the account is greater than 96 months the penalty is twenty-four (24) months interest. 
 
Additional Limitations on Special CDs and IRAs: The minimum opening deposit and minimum balance requirement is $5,000. Interest can be paid to your PVB Checking or Savings account monthly; otherwise it will compound at maturity if the term is 13 months, and quarterly if the term is 27 to 57 months.
 
Time Account Information: Your account will mature at the end of the stated term and will automatically renew for that term at the Bank's defined rate. You will have 10 days after the maturity date to withdraw funds without penalty.
 
 
 

 


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