P

Provident Credit Union

Best ForActive Investors
Fees$2.00/mo

Quick Summary

  • HSA savings account

The Verdict

Provident Credit Union provides essential HSA features with a monthly fee of $2.00 and self-directed brokerage access, CD options, earning a 0/5.0 rating from HSA Orbit.

Currently the 127th largest credit union in the U.S. (20th largest in California)097, Provident Credit Union was opened in 1950 to serve the California Teachers Association. Headquartered in the San Francisco Bay Area, Provident Credit Union now serves more than 135,000 members and over 1,200 employer groups and maintains branches throughout California. With 3.5 billion dollars in assets, Provident has earned a name for safety and soundness.

Key Features

Banking & Access

Includes debit card, online banking and check-writing.

Investment Options

Offers self-directed brokerage and CDs.

Security & Insurance

Deposits are FDIC/NCUA insured for your protection.

Account Details

Requires $25 minimum balance. no account opening fees.

Fee Analysis

Fee TypeThis ProviderIndustry AverageVerdict
Monthly Maintenance*$2.00$0.69ABOVE AVG
Account Opening$0.00$1.88EXCELLENT
Account Closing$0.00$1.95EXCELLENT

* Account Opening Fee

Industry averages calculated from 853 providers in the HSA Orbit database.

Investment Options

Brokerage Access

Provident Credit Union provides a self-directed brokerage window for investing your HSA funds in the broader market.

StocksETFsCDs

Interest Rates

Standard Rates

Balance RangeAPY
$25+0.31%

Last updated: 02-13-2025

Contact Information

Address

210 Redwood Shores Parkway Redwood Shores, CA 94065 Customer Service Mailing Address Provident Credit Union Attn: Account Services PO Box 8007 Redwood City, CA 94063-0903

Customer Service

800-632-4600

210 Redwood Shores Parkway Redwood Shores, CA 94065 Customer Service Mailing Address Provident Credit Union Attn: Account Services PO Box 8007 Redwood City, CA 94063-0903

At a Glance

Monthly Fee$2.00
Investment Threshold$0
Interest Rate (Cash)~0.31%
Debit CardIncluded
FDIC InsuredYes

Pros & Cons

The Good

  • No account opening or closing fees
  • Self-directed brokerage access
  • FDIC/NCUA insured deposits

The Bad

  • Monthly fee of $2.00

User Sentiment

Based on community feedback

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NegativeNeutralPositive

Sentiment data coming soon

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