Providence bank in North Carolina offers top checking rates

2 competitive CDs are being offered by the Providence Bank. These two specials are a 2 year CD that comes with a 1.7% APY and an 18 month CD that comes with a 1.4% APY. The CDs which are of shorter term aren’t as attractive though. These include 1% for the 1 year CD and 0.85% for the 6 month CD. The minimum deposit required for these CDs is 1000 dollars.

Customers get a checking account deal that offers 2% APY on the balances up to 25,000 dollars. There is a requirement for 100 dollars as a minimum deposit in order to open the account. Customers can benefit from the free usage of ATM anywhere around the world. They are allowed 4 transactions in every statement cycle. Customers also receive e-statements. There isn’t any monthly fee for these accounts. This e-checking rate is quite a good deal for the short term especially considering that the money market rate is very low. One of the better features is that there isn’t any requirement for a minimum balance. The branches of the bank are located in Tarboro and Rocky Mount in North Carolina. Rocky Mount is to the east of Raleigh.