Savings

Kasasa Saver | Platinum Plus Savings | Thrift Savings | Regular Savings

Kasasa Saver

Kasasa Saver Logo Open Now *1.51% Annual Percentage Yield

Kasasa Saver is a free, high interest saver account linked to a Kasasa Cash™ checking account that earns massive interest and puts savings on autopilot. Kasasa Saver is perfect for consumers who want to automatically save more and save often at rates that are higher than traditional savings accounts.

REWARDS:

Every month massive interest and ATM fee refunds earned on Kasasa Cash checking accounts are automatically deposited into an interest bearing Kasasa Saver account, so accountholders receive:

Massive interest on both accounts
Nationwide ATM fee refunds
No minimum balance
No monthly fees
Free online banking
Free online bill pay
Interest is compounded and credit monthly

QUALIFICATIONS:

Accountholders receive rewards by meeting simple qualifications:

Have at least 12 debit card point-of-sale transactions post and clear per "qualification cycle"
Have one direct deposit or ACH automatic payment post and clear per "qualification cycle"
Enroll and receive your monthly account statement electronically

Qualification cycle - "Qualification cycle" means a period beginning one business day prior to the first day of the current statement cycle through one business day prior to the close of the current statement cycle.

If an accountholder does not meet the qualifications in any given month, Pioneer Bank will alert the individual, who will still receive a base interest rate and will be eligible the following month for the benefits, upon qualification. There is no penalty for not qualifying in a given month and the accounts are still free.

*Annual Percentage Yield (APY) accurate as of 1/12/2012. Minimum to open account is $50. Rate tiers are as follows: 1.51% APY applies to balances of $.01 - $25,000 and 0.50% APY applies to balances over $25,000 as long as qualifications are met each statement cycle on Kasasa Cash account. 0.05% APY applies to all balances if qualifications are not met on Kasasa Cash. All balances will earn 1.51% - 0.50% as long as qualifications are met. Rates may change after the account is opened. Fees may reduce earnings. Qualifying transactions must post and clear the Kasasa Cash account during the monthly qualification cycle. Each qualification cycle ends one day prior to the end of your statement cycle. Transactions may take one or more business days from the trasaction date to post to and clear an account from the date the transaction is made. Intra-bank transfers do not count as qualifying transactions. ATM withdrawals do not count towards qualifying debit card transactions. ATM fee reimbursements (Kasasa Cash checking account only) up to $5 per transaction and $25 per statement cycle are provided only if qualifications are met during the monthly qualification cycle. The interest from the Kasasa Cash account transfers to the Kasasa Saver account whether the qualifications are met or not. The Kasasa Cash APY is based on compounding interest. If the interest earned in Kasasa Cash is automatically trasferred to Kasasa Saver each statement cycle the interest in Kasasa Cash does not compound. The actual interest amount paid could be less than the advertised APY. The Kasasa Saver APYs may be less than the Kasasa Cash APYs.

WHAT IS KASASA: Kasasa™ (https://www.kasasa.com/pioneerbank) is a completely new kind of banking that puts consumers first.

Offered exclusively by the finest community banks and credit unions.
It's a win-win for consumers because they receive innovative products and personal service.
Pioneer Bank’s Kasasa accounts include:
- Kasasa Cash™ - A free checking account that pays consumers massive interest in cash and ATM fee refunds every month.
- Kasasa Saver™ - A free saver account where the massive interest and ATM fee refunds earned by Kasasa Cash are automatically deposited into an interest bearing saver account.

Kasasa was developed and is distributed by BancVue, the leading provider of innovative products, dynamic marketing, and data-driven consulting solutions to the finest community banks and credit unions nationwide.

Platinum Plus Savings

A minimum balance fee of $5 will be charged every month the daily balance drops below $5,000 any day of the month
A fee of $1 will be charged for each withdrawal made in excess of three each month
Monthly statements
Interest is compounded and credited to your account monthly
The interest rate will change on the first day of any month
$1 per statement Paper Statement Fee
Fees may reduce earnings

Thrift Savings

No minimum balance required
Quarterly statement
Interest is compounded and credited to your account quarterly

Regular Savings

A minimum balance fee of $4.50 will be imposed if the daily balance drops below $200 any day of the quarter
Interest compounded and credited quarterly
A fee of $1.00 will be charged for each withdrawal in excess of nine withdrawals each quarter
$100 minimum required to open
Quarterly statement
$1 per statement Paper Statement Fee
Fees may reduce earnings
Rate may change at our discretion