Deposit Product Services

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.

Interested in switching your accounts to Pioneer Federal Savings and Loan? Click HERE to view our Switch Kit that will help guide you through switching over your accounts, deposits, automatic drafts, etc.

Checkmate Account – Minimum balance of $200.00 to open 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 each statement cycle if the average daily balance falls below $200.00 any day of the statement cycle. A $200.00 minimum balance must be maintained 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 – Minimum balance of $50.00 to open 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.

Savings Account– Minimum balance of $100.00 to open account.  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. Please contact us for other fees that may be assessed.

Tiered-Money Market Savings– Your interest rate and APY may change at our discretion.  Interest will be compounded every day and credited to your account monthly. If the account is closed 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 in the statement cycle falls below $2,500.00 any day in the statement period. You must maintain a minimum balance of $2,500.00 to obtain the disclosed APY. We use the daily balance method to calculate the interest for 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. Click Here to view current rates and tiers!

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

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

As required by the USA Patriot Act

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.