ProvidentNJ Direct online savings account (intro rate)
ProvidentNJ Direct has a decent deal going on for it’s online savings account they refer to as, “the power savings” account. Currently, new customers nationwide can earn an interest rate of 3.05% APY for the first 90 days upon opening the account. The rate then drops down to a more modest 2.25% APY on balances above $10,000 or 1.75% APY on balances below $10k.
Features of “Power Savings” through Provident NJ Direct
(as seen on their website)
- No required lock-in time to earn advertised interest rate (open and close whenever you please)
- No Fees and/or service charges
- Free ATM card with account
- Periodic account statements in the form of “e-statements”
- No funding fees for transfers to other ProvidentNJ Direct accounts
- Available nationwide
This account is FDIC insured up to $250,000. The interest rate is a variable one and can change at anytime without notice.
ProvidentNJ Direct also has an online interest checking account referred to as the, “Green Checking” account which yields an APY of 3.75% on the first $1,000 only With this account you will also encounter no fees or service charges. You will be provided with a Provident Visa Debit Card and be eligible to receive $20 worth of ATM reimbursements nationwide throughout the course of the month. You will also have access to free online bill pay.
