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
**The interest rate will change on the first day of any month following a change in the Wall Street Journal Prime rate.
| Tier | Minimum Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| $0 - $50,000 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%) |
| $50,000.01 - $100,000 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%) |
| $100,000.01+ 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%) |
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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