Savings & Money Market

Save more so you can do more!

Saving for the future is one of the best financial decisions you can make.

That's why Providence Bank offers a complete suite of products to meet each customer's individual needs. Let us help you reach your savings goals by opening one of these superb accounts.

 
 
Providence Savings
An Account to fit your individual or family needs!
 
  • $300 minimum opening deposit
  • Competitive Interest Rate
  • Interest compounded and paid quarterly
  • Only $3 monthly service charge if minimum daily balance falls below $300
  • Up to 6 preauthorized transfers allowed per statement cycle
  • $5 charge for each transfer or withdrawal over the limit of 6
  • FREE Online Banking
  • FREE Mobile Banking
  • FREE eStatements or FREE Paper Statements
    (with check images)
Young Savers
Perfect for Young Savers under the age of 18!
 
  • No minimum opening deposit
  • Competitive Interest Rate
  • Interest compounded and paid quarterly
  • $3 monthly service charge is waived with $300 minimum daily balance or account holder under age 18.
  • Up to 6 preauthorized transfers allowed per statement cycle
  • $5 charge for each transfer or withdrawal over the limit of 6
  • FREE Online Banking
  • FREE Mobile Banking
  • FREE eStatements or FREE Paper Statements
    (with check images)
Investment Savings
High Interest & Easy Access!
 
  • $5,000 minimum opening deposit
  • Competitive Interest Rate for balances below $100,000
  • Higher Interest Rate with balances of $100,000 or more
  • Interest compounded and paid quarterly
  • Only $20 monthly service charge if minimum daily balance falls below $5,000
  • Up to 6 preauthorized transfers allowed per statement cycle
  • $5 charge for each transfer or withdrawal over the limit of 6
  • FREE Online Banking
  • FREE Mobile Banking
  • FREE eStatements or FREE Paper Statements
    (with check images)
No institutional monies
Money Market
Earn competitive tiered rates while
maintaining liquidity.
  • $1,000 minimum opening deposit
  • Competitive Interest Rate for balances below $25,000
  • Higher Interest Rate with balances of $25,000 or more
  • Only $10 monthly service charge if minimum daily balance falls below $1,000
  • Up to 6 preauthorized transfers allowed per statement cycle
  • $10 charge for each transfer or withdrawal over the limit of 6
  • FREE Online Banking
  • FREE Mobile Banking
  • FREE eStatements or FREE Paper Statements
    (with check images)
Christmas Club
The perfect way to save for the holidays!
 
  • $10 minimum opening deposit
  • Competitive Interest Rate
  • Interest compounded and paid annually
  • No monthly service charge
  • Only six preauthorized transfers allowed per statement cycle
  • $2 charge for each transfer or withdrawal 
  • Funds will be distributed by automatic deposit to your Providence Bank checking or savings account annually on October 15, or the first business day thereafter, just in time for holiday shopping!
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Use our helpful savings calculators to see how fast your savings can grow.
 
 
*Up to six preauthorized transfers are allowed per month. Each transfer or withdrawal over the limit of six will be charged $10 on all money market accounts and $5 per transfer/withdrawal over six on all savings accounts. Each transfer or withdrawal will be charged $2 on all Christmas Club accounts.
**Funds deposited to your checking account annually on Christmas Club accounts..
***If contributions are made after income was taxed, the amount deposited is tax deductible. Withdrawals for non-qualified medical expenses are subject to income tax and a 20% IRS penalty. The 20% IRS penalty is waived for persons 65 and over or who have become disabled. Consult a tax advisor.