Providentdirect Bank

Article Submitted by: BestCash Admin
Savings - Checking - CDs


The place to post comments and questions about Providentdirect.

 

Submitted: Mar 26, 2008    Views: 952    Comments: 1    Likes: 1   


altProvidentdirect recently joined the high yield online savings club. Providentdirect is an online division of Provident Bank. Provident Bank is the largest independent commercial bank headquartered in Maryland, with over $6.2 billion in assets. Provident serves individuals and businesses in Greater Baltimore, Greater Washington and Central Virginia through a network of more than 140 branches.

Discussions on FatWallet and other sites on the Internet discusses a withdrawal limit of only $5,000. We called the bank and were told there are no withdrawal limits.

There has also been some mention online of fees if balances fall below a certain level. The rep from Providentdirect said that is no longer the case and that there are no early closure or low balance fees.

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Comments Received:

AL Dunn
(Unregistered)

They just dropped their rate down to 3.75% as of March 28th. It's too bad, I was just getting ready to transfer my $$ to them.

Posted: Mar 31, 2008



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