Certificate of Deposit

Our Certificates of Deposits offer guaranteed yields, flexibility, and the safety of FDIC insurance. That’s because you lock in a high yield that’s guaranteed from the day you open the account until the day it matures. You know exactly what return you’ll get and when you’ll get it.

Your investment is safe because Pioneer Federal Savings and Loan CDs are backed by the Federal Deposit Insurance Corporation for up to at least $250,000 per individual – making them as safe as any investment in the world.

We offer Certificates of Deposit in a broad range of maturities, each designed with a particular goal in mind. And, for as little as $100, you can open your own CD. To help you decide which CD will best meet your needs, take our One-Minute Certificate of Deposit Test. Then request a CD quote from one of our Customer Services Representatives today at 406-683-5191 or 406-846-2202.

Short-Term CDs. Short term savings certificates, usually up to 3 months, offer you the fastest, readiest access to your money.

• 90 Day Certificate of Deposit – This is a fixed rate account. You will be paid this rate until first maturity. Interest will be compounded daily and credited to your account at maturity. You must maintain a minimum balance of $1000 to obtain the disclosed annual percentage yield. 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. No additional deposits are allowed in the account before maturity. You may withdraw principal or interest during the grace period of seven calendar days following maturity without incurring a penalty. You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is subject to an early withdrawal penalty. The early withdrawal penalty will equal three months interest on the amount withdrawn subject to penalty. In certain circumstances the law permits or requires the waiver of the early withdrawal penalty. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. The account will automatically renew at maturity.  The renewal interest rate will be the current rate established by the bank. 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.

Medium-Term CDs. Our 6 to 18 month medium-term CDs offer you higher yields than shorter term CDs.

• 6 Month Certificate of Deposit – The interest rate on this account is fixed. You will be paid this rate until first maturity. There is no compounding of interest on this account. Interest is paid at maturity. You must maintain a minimum balance of $1000 to obtain the disclosed annual percentage yield. 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. Depositing additional funds to your account before maturity is not allowed. 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 the early withdrawal penalty. In certain circumstances the law permits or requires the waiver of the early withdrawal penalty.  A withdrawal will reduce your earnings. This account will automatically renew at maturity. You may prevent renewal if we receive written notice from you of your intention not to renew before the certificate maturity 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 renewal rate. You will have seven calendar days after maturity to withdraw funds without penalty.
• 1 Year Certificate of Deposit**
• 1-1/2 Year Certificate of Deposit**

Long-Term CDs. If you have a long-term outlook, our CDs with maturities of 2 years or more reward you with the highest yields we have to offer.

**The interest rates on these accounts are fixed. You will be paid this rate until the 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. Depositing additional funds to your account before maturity is not allowed. You may withdraw interest credited in the term after the interest is credited to your account without penalty. You may make withdrawals of principal from your account before maturity. A penalty may be imposed for principal 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 requires the waiver of the early withdrawal penalty. The annual percentage yield 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 of your intention not to renew before the certificate maturity 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 renewal rate. You will have seven calendar days after maturity to withdraw funds without penalty.

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.