Platinum Plus Savings

Take advantage of Pioneer Bank’s Platinum Plus Savings account that works on the principle that more money gets you higher rates. This account also pays a higher interest rate* and still allows you the flexibility to access your funds when you need them. Enjoy free Online Banking and eStatements and earn a better rate by reaching higher balance tiers**.

  • $5,000.00 minimum deposit to open
  • Compounded and credited monthly
  • $5.00 service charge if balance drops below $5,000.00 any day of the month
  • Three free withdrawals per month; $1.00 fee per withdrawal thereafter
  • Monthly statements
  • $1.00 monthly paper statement fee
  • Free Telephone Banking

 

Open in Minutes

**The interest rate will change on the first day of any month following a change in the Wall Street Journal Prime rate. The balance tier is determined by the average available balance for the periodic statement cycle. 

Tier Minimum Opening Deposit Interest Rate APY
$0 - $49,999.99
6.00% Under Prime		 $5,000.00 0.25%
(Minimum Interest Rate and APY = 0.10%)		 0.25%
(Maximum Interest Rate and APY = 0.25%)
$50,000-$99,999.99
4.00% Under Prime		 $5,000.00 2.25%
(Minimum Interest Rate and APY = 0.10%)		 2.27%
(Maximum Interest Rate = 2.25% and APY = 2.27%)
$100,000-$499,999.99
3.50% Under Prime		 $5,000.00 3.00%
(Minimum Interest Rate and APY = 0.25%)		 3.04%
(Maximum Interest Rate 3.00% and APY = 3.04%)

$500,000-$2,499,999.99
3.50% Under Prime

 $5,000.00  3.75%
(Minimum Interest Rate and APY = 0.25%)		 3.81%
(Maximum Interest Rate 3.75% and APY = 3.81%)

$2,500,000-$9,999,999.99
3.50% Under Prime

 $5,000.00 4.00%
(Minimum Interest Rate and APY = 0.25%)		 4.07%
(Maximum Interest Rate 4.00% and APY = 4.07%)

$10,000,000
3.00% Under Prime

 $5,000.00 4.25%
(Minimum Interest Rate and APY = 0.25%)		 4.33%
(Maximum Interest Rate 4.25% and APY = 4.33%)
 

Checking and Savings Features

  • The average daily balance method is used to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for this period.
  • Interest on non-cash deposits begins to accrue on the business day of deposit—for example, checks.
  • The interest rate and annual percentage yield may change at Pioneer Bank’s discretion as often as daily. Rates may change after account is opened.
  • Fees, penalties, service charges and withdrawal of earned interest may reduce earnings.
  • Overdraft and return check charges may apply to negative balances created by check, in-person withdrawal, automatic payment or other electronic means.
  • A continuous overdraft fee will be charged to your account on the beginning of the third business day after your account goes negative.
  • No account service charge fees will be assessed to individuals under age 18. Service charges will begin automatically on the statement cycle following an individual’s 18th birthday.*
  • No account service charge fees will be assessed to legally formed non-profit entities who elect to hold Simple Checking and/or Regular Savings accounts.
  • Free debit card available for minors until age 18. Automatic annual fee begins July 1st following 18th birthday if applies to account type.*
  • The $1.00 per statement Paper Statement Fee will not be assessed to Kasasa® accounts, Thrift Savings accounts, HSAs or IRAs. The Paper Statement Fee will also not be assessed to individuals under the age of 18 or legally formed non-profit entities who elect to hold Simple Checking and/or Regular Savings accounts. The Paper Statement Fee will begin automatically on the statement cycle following an individual’s 18th birthday.*
  • Fee for closing an account during the first six months does not apply to Thrift Savings and Kasasa® accounts.
  • Accounts closed between statement cycles will not receive accrued interest.
  • Minor must be primary account holder.

Click here for all rate information

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