Savings
Accounts that grow with you
From specific goals such as saving for a major purchase or continuing your education, to long-term goals to grow assets, we have deposit accounts designed to make the most of your savings. Choose from a variety of easy-to-manage savings solutions.
When you open a savings account with Pioneer, you also gain access to our innovative account features that help you achieve your goals.
Passbook Savings
- $50 minimum deposit to open
- $250 average daily balance required to avoid a service charge
- Interest compounded daily and credited monthly
- View your account with Online Banking
Statement Savings
- $25 minimum deposit to open
- $100 average daily balance for the month required to avoid a service charge
- Interest compounded daily and credited monthly
- Make transfers and view your account with Online Banking
- Free Mobile Banking available
- Pioneer ATM card available
Pinnacle Money Market
- Tiered interest rates
- $1,000 minimum deposit to open
- Maintain $1,000 average daily balance to avoid a monthly service charge
- Interest credited monthly
- Make transfers and view your account with Online Banking and Mobile Banking
IRAs
- Traditional IRA: A traditional IRA is a personal savings plan with tax advantages for retirement savings. Contributions may be tax-deductible - either in whole or in part. Contributions and earnings are not taxed until distribution.
- Roth IRA: A Roth IRA is another personal savings plan that differs from a traditional IRA in that contributions are not tax-deductible, yet the qualified distributions (including earnings) are potentially tax-free.
- Simplified Employee Pension (SEP): A retirement plan that a self-employed individual can establish. Contributions may be tax-deductible and are made on a discretionary basis.
* For questions regarding tax implications of an IRA account, please consult a tax advisor.
Certificate of Deposits (CDs)
A certificate of deposit account (CD) is an interest-bearing time deposit where money stays in an account for a specific period of time, during which it may not be withdrawn. CDs are available in various term lengths.
CD account interest rates are often higher than traditional savings accounts, making them a great option for reaching your savings goals faster using money that you don’t need immediately.
Statement CD features:
- $500 minimum to open
- Various term lengths available, from 3-months to 5-years
- Competitive interest rates. View our current rates here.
Lively Health Savings Account (HSA)
Enrolling in a Lively Health Savings Account (HSA) helps you prepare for future healthcare expenses with ease. Take the worry of future healthcare costs off your shoulders with an HSA and enjoy the following benefits:
- Triple-tax advantage: Contribute, invest, and spend on eligible healthcare expenses tax-free with an HSA
- Funds never expire: Your HSA is yours to keep, even if you change health plans or employers
- Lively Mobile App: Track spending, automate contributions, and file reimbursements on your HSA, from the palm of your hand
- HSA Debit Card: Pay for eligible expenses directly from your HSA (no reimbursement required) wherever they accept VISA debit cards.
- Expense Scout: Never miss out on savings with Expense Scout, which identifies eligible transactions for reimbursement from linked external accounts
Pioneer and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.