For customers who value investing at a higher fixed rate of interest for a fixed term, Providence Bank & Trust Certificates of Deposit (CD) provide these advantages:

• Higher interest rate
• FDIC insured
• Terms from three months to five years*
• $2,500 minimum deposit for CDs with terms of three or six months
• $1,000 minimum deposit for CDs with terms of one year or longer
• Interest is compounded and can be transferred to your checking
  or savings account
• CDs automatically renew at maturity for the same term but at
  the interest rate offered for that term on the day of renewal

* A substantial penalty applies for early withdrawal.

For customers who value easy investing for retirement, Providence Bank & Trust IRA Certificates of Deposit provide these advantages:

• Higher interest rate
• FDIC insured
• Terms up to five years*
• IRA CDs allows additions during the term
• $1,000 minimum deposit
• Compounded interest paid quarterly
• CDs automatically renew at maturity for the same term but at
  the interest rate offered for that term on the day of renewal

* A substantial penalty applies for early withdrawal.

Providence Bank & Trust is a member of IntraFi® Network Deposits ^SM (formerly ICS® and CDARS®) – a valuable cash management or longer-term investment tool for our customers.

What is IntraFi Network Deposits?

Rest assured knowing that funds are eligible for FDIC insurance protection in amounts well into the millions, all backed by the full faith and credit of the federal government.  With IntraFi Network Deposits, you can enjoy the safety and simplicity that comes with access to multi-million dollar FDIC insurance through a single bank relationship.

How does IntraFi Network Deposits work? 

We, like other institutions that offer IntraFi Network Deposits, are members of a special network.  When we place your deposits through IntraFi Network Deposits, the deposit is divided into amounts under the standard FDIC insurance maximum of $250,000.  The amounts are then placed into deposit accounts or CDs at multiple FDIC-insured banks.  As a result, you can access FDIC coverage from many institutions while working directly just with us.

Receive one statement from our bank for each product option in which you participate and access key details about demand and savings accounts online, 24/7. And, as always, know that your confidential information is protected.