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Monthly Fee: $50.00 monthly fee
Interest: Calculated on the Average Available Balance on the Sweep Savings account only for the month. The rates paid are based on the three month t-bill minus 75 basis points and can change at the bank's discretion each day. Interest is not paid on any balances below $50,000.00. Interest of the three month t-bill minus 75 basis points is paid on balances of $50,000.00 and above.
Floors: Excess balances are swept into the designated account on a daily basis. The primary depository account is required to keep a minimum balance (floor) to cover activity charges related to the primary account. A minimum floor of $50,000 is required in the primary account for all Sweep accounts at Provident State Bank, your local bank. Should it be determined that the compensating balances need to be greater than $50,000 to cover the activity charges, then the floor shall be raised to the appropriate levels.
Your privacy is very important to us. We would like to advise you that Internet email is not secure. Please do not submit any information that you consider confidential. We recommend you do not include your social security or account number or other specific identifying information.
You are leaving Provident State Bank's website and linking to a third party site. Please be advised that you will then link to a website hosted by another party, where you will no longer be subject to, or under the protection of, the privacy and security policies of Provident State Bank. We recommend that you review and evaluate the privacy and security policies of the site that you are entering. Provident State Bank assumes no liability for the content, information, security, policies or transactions provided by these other sites.