Business Savings
This simplified savings account can allow you to put your business in a position to take advantage of opportunities when they arise. It allows you the flexibility to access your funds when you need them and receive a competitive rate. Enjoy free Online Banking, Mobile Banking* and eStatements and earn competitive interest payouts on the entire balance**.
- $200.00 minimum deposit to open
- Earn 0.10% interest and APY on your balance
- Compounded and credited quarterly
- $5.00 monthly minimum balance fee if the daily balance drops below $200.00 any day of the quarter
- Nine free withdrawals per quarter; $1.00 fee per withdrawal thereafter
- Quarterly statements
{beginAccordion}
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.
There is a two-statement cycle grace period after account opening before the service fee is imposed
Accounts closed between statement cycles will not receive accrued interest.
{endAccordion}