Deposit Product Services

Checking and Savings Accounts

Pioneer Federal Savings and Loan offers a deposit product to meet your needs. To obtain more information, or open an account, just stop by one of our convenient locations.

Deposit Products

Checkmate Account – On this personal account the interest rate and APY may change, at our discretion, on the first day of every month. Interest will be compounded every day and credited to your account monthly. If you close your account before interest is credited, you will not receive the accrued interest. A service fee of $7.50 will be imposed every statement cycle if the balance falls below $200 any day of the month. You must maintain a minimum balance of $200 in the account each day to obtain the disclosed annual percentage yield. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items. Please contact us for other fees that may be assessed.

Pioneer Checking Account – This is a non-interest personal account. A monthly maintenance fee and per item fee will be charged as follows: 8 debits or less – no charge; 9-18 debits $3.00/month & $.10/item in excess of 8; 19-28 debits $5.00/month & $.12/item in excess of 8; 29 debits or more – $10.00/month. Please contact us for other fees that may be assessed.

Passbook Savings– The interest rate and APY may change, at our discretion, on the first day of each quarter. Interest will be compounded every day and credited to your account every quarter. You must maintain a minimum balance of $100.00 to obtain the disclosed APY. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items. Transfers from a passbook savings account to another account or to third parties by preauthorized, automatic or telephone transfer are limited to six per month with no transfers by check, draft, debit card, or similar order to third parties. Please contact us for other fees that may be assessed.

Money Market Savings– Your interest rate and APY may change, at our discretion, on the first of each month. Interest will be compounded every day and credited to your account monthly. If you close your account before interest is credited, you will not receive the accrued interest. A service fee of $7.50 will be imposed each statement cycle if the daily balance for the statement cycle falls below $2500. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. We use the average daily balance to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. Interest begins to accrue on the business day you deposit non-cash items. Transfers from a Money Market Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle.

90 Day Certificate of Deposit – The interest rate on this account is fixed. You will be paid this interest rate until first maturity. Interest will be compounded daily and credited to your account every quarter. You must maintain a minimum balance of $1000 to obtain the disclosed APY. We use the daily balance method to calculate the interest in your account. This method applies a daily rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items. You may not make any deposits into your account before maturity. You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can only withdraw interest credited to your account before maturity of that term without penalty. The early withdrawal penalty will equal three months interest on the amount withdrawn subject to penalty. In certain circumstances the law permits or in some cases requires the waiver of the early withdrawal penalty. The APY assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. This account will automatically renew at maturity. You may prevent renewal if we receive written notice from you before maturity of your intention not to renew or you withdraw funds in the account at maturity or within the grace period. If you prevent renewal, interest will continue to accrue after final maturity for up to seven calendar days. The interest rate will be at the renewed rate. Each renewal term will be the same as the original term beginning on the maturity date. The interest rate will be the same we offer on new time deposits on the maturity date which have the same term, minimum balance and other features as the original time deposit. You will have seven calendar days after maturity to withdraw the funds without penalty.

6 Month Certificate of Deposit – The interest rate on this account is fixed. You will be paid this interest rate until first maturity. There is no compounding of interest on this account and interest is paid at maturity. You must maintain a minimum balance of $1000 to obtain the disclosed APY. We use the daily balance method to calculate the interest in your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items. You may not make any deposits into your account before maturity. You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. We will impose a fee equal to three months interest on the amount withdrawn subject to early withdrawal penalty. In certain circumstances the law permits or in some cases requires, the waiver of the early withdrawal penalty. A withdrawal will reduce earnings. This account will automatically renew at maturity. You may prevent renewal if we receive written notice from you before maturity of your intention not to renew or you withdraw the funds in the account at maturity or within the grace period. If you prevent renewal, interest will continue to accrue after final maturity for up to seven calendar days. The interest rate will be the renewed rate. You will have seven calendar days after maturity to withdraw the funds without a penalty.

1 Year Certificate of Deposit**

1-1/2 Year Certificate of Deposit**

2-1/2 Year Certificate of Deposit**

3-1/2 Year Certificate of Deposit**

**The interest rate on this account is fixed. You will be paid this interest rate until first maturity. Interest will be compounded daily and credited to your account every quarter. You must maintain a minimum balance of $100 to obtain the disclosed annual percentage yield. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items. You may not make any deposits into your account before maturity. You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest any time during the term of crediting after it is credited to your account. A penalty may be imposed for withdrawals before maturity. If your account has an original maturity of one year or less the fee we impose will equal three months interest on the amount withdrawn subject to penalty. If your account has an original maturity of more than one year the fee we impose will equal six months interest on the amount withdrawn subject to penalty. In certain circumstances the law permits or in some cases requires the waiver of the early withdrawal penalty. The APY assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. The account will automatically renew at maturity. You may prevent renewal if we receive written notice from you before maturity of your intention not to renew or if you withdraw the funds in the account at maturity or within the grace period. If you prevent renewal, interest will continue to accrue after final maturity for up to seven calendar days. The interest rate will be the renewed rate. You will have seven calendar days after maturity to withdraw the funds without a penalty.

Want to open a Jumbo CD? Call us for interest rate quotes.

All new deposit accounts must be opened in person unless the depositor is an established customer of Pioneer Federal Savings and Loan.

As required by the USA Patriot Act

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you:

When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.

We may also ask to see your driver’s license or other identifying documents.

We thank you for your understanding and for joining us in securing a safer tomorrow.