Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How is the Accumulator Savings Plan Annual Percentage Yield (APY) calculated?

April 26, 2017accumulator annual APY calculated PERCENTAGE Plan savings yield

0

Posted

How is the Accumulator Savings Plan Annual Percentage Yield (APY) calculated?

1 Answer

0

Posted

A. The APY for the Accumulator Savings Plans will vary each month based on Provident’s 2-year Fixed Term Certificate Rate and is subject to change at any time. The lowest APY your Accumulator Savings Plan will earn (the floor APY) during 2004 is 1%. The floor APY on all new and existing Accumulator Savings Plans is subject to change once a year on January 1. Q.