Personal Savings / Certificates of Deposit

Certificates of Deposit

Various rates and terms available. We also offer Special CD Rates on this web site which are updated monthly. Call 1-800-326-4424 for additional rate quotes.

Saving for Your Retirement with an IRA

It can be a challenge to provide for today, but every American has to consider how he or she will create a dependable income for one’s retirement needs. An individual retirement account (IRA) is a real solution for everyone – offering two distinct plans for you to contribute to your future, Traditional IRA and Roth IRA.

What are the basic differences between Traditional & Roth individual retirement accounts?

• Roth IRA contributions are not tax deductible, but distributions can generally be withdrawn tax-free.
• Traditional IRA contributions may be partially or fully tax deductible. Distributions are generally taxable.

If you’re interested in an IRA, visit your Pioneer Bank for more information* on eligibility requirements and how to become a participant. We accept rollovers.

* Before making a decision between a Roth and Traditional IRA, consult with your tax advisor.

	Personal Value Plus Savings	Personal Statement Savings	Youth Savings	Christmas Club Savings
Your Goal	Earn interest without an early withdrawal penalty	Start with a basic savings	Teach your child the importance of saving for the future	Save for the holidays all year
Earns Interest	Yes	Yes	Yes	Yes – See (*C)
Minimum Opening Balance	$5,000	$10	$20	$10
Minimum Daily Balance	$5,000 to avoid Minimum Balance Fee; $0 to obtain APY	$200 to avoid Minimum Balance Fee; $100 to obtain APY	$20 to avoid Minimum Balance Fee; $100 to obtain APY	$0 to obtain APY
Minimum Balance Fee	$10 or See (*A) to avoid Minimum Balance Fee	$5 or See (*A) to avoid Minimum Balance Fee	$3 or See (*A) to avoid Minimum Balance Fee
Compounded and Credited Interest	Monthly	Monthly	Monthly	– Compounded annually – Credited at maturity
Transfer Limits	Yes – See (*B)	Yes – See (*B)	Yes – See (*B)
Monthly Statement	By Postal Service or E-Statement	By Postal Service or E-Statement	Quarterly By Postal Service or E-Statement – See (*D)	By Postal Service or E-Statement
Online Banking	– Available to personal savings accounts. – Free 24-hour account access. – View daily balances and your latest transactions.
E-Statements	– Choose to change one or all of your statements to E-Statements. – Enroll in minutes from the “Electronic Statement” menu tab in your Online Banking account. Go to E-Statements for more details.
Telephone Banking	– Available to personal savings accounts. – Free 24-hour account access. – Access daily balances, your latest transactions, and more.
Terms and Conditions: APY = Annual Percentage Yield (All Savings Accounts) There will be no payment of accrued interest if, at time of closing, accrued interest is less than $5. (*A) A Minimum Balance Fee will be imposed every statement period if the daily balance in the account falls below the minimum daily balance any day of the statement period. Service charges may reduce earnings. (*B) You may not make more than six (6) transfers and withdrawals from your account per month by means of a preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order payable to third parties. Excess Transaction Fee (over 6 items per cycle): $15 per item (*C) If account closed before interest credited, no accrued interest paid. (*D) In the statement period the minor becomes 18 years old, the account will convert to a Statement Savings Account and will follow the terms and conditions of that account type.