Provident NJ Direct Power Savings Account
April 30th, 2009 Posted in High Yield Savings Accounts
Provident NJ Direct is advertising a “power savings account” that yields a promotional (90 day) 3.25% APY.
After the 90 days has passed, if you balance is above $10,000 you will still earn a respectable 2.25% APY. If you balance is below $10k you will earn an APY of 1.75%.
The requirements on this online savings account are fairly straight forward. First you must maintain a daily balance of at least $50. Second, you must receive periodic account statements electronically.
Highlights of Power Savings Account through Provident NJ Direct:
(as seen on their promotional page)
- Free online savings account with no fees or service charges
- Free Provident NJ Direct ATM card
- No funding fees on transfers to another Provident NJ Direct Account
- Available to anyone nationwide
May 1st, 2009 at 1:22 am
That definitely sounds better than any 3 month CD rates available. What’s even better is that it’s a nationwide promotion.
Thanks for finding this offer Bankvibe!
May 1st, 2009 at 10:16 am
I dont have 100 grand to put in this. If I put my savings in that savings account I would earn more like 1.75%
March 2nd, 2010 at 12:20 pm
This page needs to be updated.The information is outdated. As of 3/2/10 Provident NJ is offering 1.0% and 1.5 %