Certificates of Deposit (CDs)

Pioneer Bank offers various terms for Certificates of Deposit ranging from 3 months to 48 months.  CDs are available to all customers and offer security with FDIC insurance.

CDs usually offer higher interest rates than checking or conventional savings accounts. Typically, the longer the term, the higher the interest rate.

• Minimum to Open:  Varies with each CD term.
• Interest Rates:  Click here to see current rates.
• Service Fees:  No monthly or annual processing fee.  A penalty will apply to any CD that is withdrawn prior to maturity.  Penalties are calculated on the principal basis of the CD that is withdrawn.  Interest may be withdrawn from the CD penalty free at any time after it is credited to you.
• Statements:  None – notices are sent out just prior to maturity.

Pioneer Bank frequently offers a variety of CD “specials” to its customers.  Review our Rates page to see our current specials.  Preferred CD pricing is available to customers who hold Pioneer Preferred checking accounts via an annual 0.50% bonus interest rate coupon.

Options for Certificate of Deposit offerings, including rates and terms, are subject to change at any time.