FDIC-Insured - Backed by the full faith and credit of the U.S. Government
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Statement Savings
If you’re looking for a simple way to grow your savings, Provident Bank’s Statement Savings account is designed with your goals in mind. You can earn interest on every dollar you save, helping your money work harder for you while giving you the confidence of FDIC insurance.
Account Highlights
-
Monthly detailed statement
Qualification Requirements:
- $50.00 minimum to open
- $50.00 minimum balance to earn interest
- $250.00 minimum balance to avoid monthly service fee1
- $3.00 monthly fee if requirements not met
View our current rates here.
Everyday Features with Every Savings Account
Zelle®
Send and receive money with enrolled friends, family and others you trust.
Mobile Banking
Bank anywhere, anytime with our mobile app. Enjoy secure, convenient access to your accounts.
Provident Debit Mastercard®
Make everyday purchases, pay bills, and access cash with ease - wherever life takes you.
ProvidentConnect Online Banking
Securely manage your accounts with ease through ProvidentConnect Online Banking.
Frequently Asked Questions
How do savings accounts work?
Savings accounts are accounts where you can keep your savings safe and earn interest over time, ultimately growing your money.
What is the minimum opening deposit for a Provident Statement Savings account?
You may open your account today with a minimum opening deposit of only $50.00.
Is there a minimum balance requirement to avoid monthly fees?
The minimum balance requirement to avoid a monthly service fee for our Statement Savings account is $250.00.
How can I earn interest on my Statement Savings account?
You can earn interest on your Statement Savings account by maintaining a minimum balance of $50.00.
What fees apply if my balance falls below the minimum requirement?
If your balance falls below the minimum balance requirement to avoid a monthly service fee, the monthly service fee will be $3.00.
Can I access my savings account through online and mobile banking?
By signing up for Online or Mobile banking, you will have access to your account history, balances, and the ability to transfer between accounts. Mobile Deposits are also available.
Does the account offer direct deposit and automatic transfers?
Direct Deposit is available on all Provident Checking and Savings accounts. We also offer combined statements. Automatic transfers can be set up.
Disclosures
[1] In any monthly cycle period in which the requirement is not met, the service fee is $3.00. If closed within six months, the early closeout fee is $15.00.
Go Back
111 Wood Avenue South
Suite 200
Iselin, NJ 08830Mailing Address
P.O. Box 1001
Iselin, NJ 08830-1001
