Pioneer Savings Bank

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Pioneer Savings Bank
142 Saratoga Ave.
Waterford, NY 12188
518.238.0600

DEPOSIT PRODUCTS

Better Checking
Free checking with no monthly service charges
No minimum balance required
$5 minimum deposit to open
Unlimited transactions
Monthly statements provided
Free Online Banking & Bill Pay* available
Pioneer Check Card available

NOW Account

$5 minimum deposit to open
$500 average daily balance for the month required to avoid a service charge
Interest credited monthly
Unlimited transactions
Monthly statements provided
Free Online Banking & Bill Pay* available
Pioneer Check Card available

Real Property Tax Escrow Account** - NEW!

Make tax time painless with Pioneer’s Real Property Tax Escrow account. It’s easy, convenient and worry-free.

Pioneer will analyze your current property and school tax requirements and establish a monthly payment for you. No more large, lump sums to come up with at tax time and your bill is guaranteed to be paid on-time by Pioneer!

3 Easy Steps: Bring in copies of your last two property/school tax bills, complete the Escrow account agreement, and open a Pioneer Better Checking, NOW Account, or Statement Savings account with Automatic Deduction.

Statement Savings

$5 minimum deposit to open
$5 average daily balance for the month required to avoid a service charge
Interest credited monthly
Make transfers and view your account with Online Banking
Pioneer ATM card available
Passbook Savings
$5 minimum deposit to open
$100 average daily balance for the quarter required to avoid a service charge
Interest credited quarterly
View your account with Online Banking
Pinnacle Money Market
$1,000 minimum deposit to open
Tiered interest rates
$1,000 average daily balance for the month required to avoid a service charge
Interest credited monthly
Make transfers and view your account with Online Banking
Ask a Pioneer representative how you can earn an additional .25% on your Pinnacle Money Market account

Certificate of Deposit

CDs are a great savings tool for those who want to secure a competitive fixed interest rate on their money for a specific period of time. We offer various terms and rates with a low minimum deposit to open an account. Our CDs are FDIC insured.

Individual Retirement Account

To help ensure a comfortable financial picture during your retirement years, consider a Pioneer IRA. Our IRA CDs offer competitive rates, various terms, and are FDIC insured.

View our SAVINGS RATES

CDARS®

With CDARS, you can receive up to $50,000,000 in FDIC protection through Pioneer. CDARS can be a valuable cash management or longer-term investment tool for you or your business. Contact Eric Heathwaite at 452-3140 or Dave Farstad at 452-3148 for more information.

* Bill Pay may not be used to pay the IRS, state & local taxing authorities, government agencies or court ordered payments. Other payments may be excluded.

** Upon execution of the Real Property Tax Escrow Account Agreement you are required to place on deposit a lump sum equal to that of the estimated monthly payment multiplied by the number of months needed to bring the account to current status in order to have sufficient funds in the account on the date your tax payments are due to the appropriate municipality and school district. Real Property Tax Escrow accounts will be used to pay real property and school taxes only. To open a Real Property Tax Escrow account, a Better Checking, NOW or Statement Savings account with automatic deduction is required. Automatic deduction will automatically deduct funds from your specified Pioneer account to pay your escrow account. Real Property Tax Escrow accounts are non-interest bearing accounts. All funds in Pioneer’s Real Property Tax Escrow account are FDIC insured.

LOAN PRODUCTS

Fixed Rate Mortgage

10, 15, 20 and 30 year terms available
Competitive rates
Lock into rate for 60 days from application
Automatic Loan Payment available

Adjustable Rate Mortgage

Various programs to choose from
You may qualify for a larger loan amount than typically offered by fixed rate loans
Lifetime interest rate cap
Conversion option may be available

Construction Loan - Funds Upon Completion

Fixed rate or adjustable rate
Lock into rate for 60 days from application

Construction Loan - With Draws

Fixed rate or adjustable rate
Lock into rate for 90 days from application
6 months from closing to complete construction
Modular Construction Loans also available

FHA Mortgage

Ideal for first time home buyers
You may qualify for a larger loan amount than typically offered by fixed rate loans
Lower down payment required
100% gift money allowed
Lock into rate at application

Home Equity line of Credit *
Prime - .50% for the first six months
No closing costs for loans up to $150,000
Up to three fixed rate transfers at the same time
Flexible borrowing
Interest may be tax deductible
CONTACT A MORTGAGE EXPERT
Fixed Rate Home Equity Loan
No closing costs for loans up to $150,000
You choose the amount and term (5-25 years)
Fixed monthly payments
Interest may be tax deductible**
CONTACT A MORTGAGE EXPERT
Fill out our HOME EQUITY PRE-QUALIFIER now | View our HOME EQUITY RATES

Real Property Tax Escrow Account*** - NEW!

Make tax time painless with Pioneer’s Real Property Tax Escrow account. It’s easy, convenient and worry-free.

Pioneer will analyze your current property and school tax requirements and establish a monthly payment for you. No more large, lump sums to come up with at tax time and your bill is guaranteed to be paid on-time by Pioneer!
3 Easy Steps: Bring in copies of your last two property/school tax bills, complete the Escrow account agreement, and open a Pioneer Better Checking, NOW Account, or Statement Savings account with Automatic Deduction.
Auto Loan
Quick approval
Up to 72 months to repay
Competitive rates
Apply online or at any Pioneer branch

*APR (Annual Percentage Rate). The initial rate is variable at Prime minus .50% for 6 months. After 6 months the rate is variable at Prime minus .50% with a floor of 5.0% for the remainder of the loan. Both rates will be based on the Prime Rate as published in the Wall Street Journal. The maximum APR is 15%. This offer is only valid for new applications, up to $150,000 with a minimum draw of $10,000 at loan closing or a refinance of a Pioneer equity loan with a minimum line increase of $10,000. If the line is cancelled for any reason within the first three years, your repayment amount will include reimbursement to Pioneer for all of the third party fees and charges paid on your behalf at closing. Not applicable to lines in excess of $150,000. This offer is subject to change without notice. A limited time offer. Some lines may require NYS Mortgage Tax. Your interest may be tax deductible, consult a tax advisor.

** Consult your tax advisor.

*** Upon execution of the Real Property Tax Escrow Account Agreement you are required to place on deposit a lump sum equal to that of the estimated monthly payment multiplied by the number of months needed to bring the account to current status in order to have sufficient funds in the account on the date your tax payments are due to the appropriate municipality and school district. Real Property Tax Escrow accounts will be used to pay real property and school taxes only. To open a Real Property Tax Escrow account, a Better Checking, NOW or Statement Savings account with automatic deduction is required. Automatic deduction will automatically deduct funds from your specified Pioneer account to pay your escrow account. Real Property Tax Escrow accounts are non-interest bearing accounts. All funds in Pioneer’s Real Property Tax Escrow account are FDIC insured.

© 2006 Pioneer Savings Bank. All rights reserved.