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Savings Plans

Personalized Service, Common Sense Lending. 

Account Information Rates and APY's  For All Savings Plans Accurate as of June 1, 2023
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Certificates of Deposit

An account which you agree will remain on deposit with the bank for a specified time or to a specific date. Three Month Certificates require a $500 minimum balance to open and other certificates require a $1,000 minimum balance to open. The Bank pays interest on the account but a penalty may be imposed for early withdrawal.


Fixed Rate Certificates of Deposit

Term Interest Rate APY* Minimum Deposit to Open Account
3 Month 1.00% 1.00% $500.00
6 Month 1.25% 1.25% $1000.00
12 Month 2.60% 2.60% $1000.00
18 Month 2.70% 2.72% $1000.00
24 Month 2.75% 2.75% $1000.00
36 Month 3.00% 3.00% $1000.00
48 Month 3.10% 3.10% $1000.00
60 Month 3.20% 3.20% $1000.00

Regular fees or other conditions could reduce the earning on an account.
*APY- Annual Percentage Yield



Money Market Accounts

An account for which the bank may at any time require prior written notice of intent to withdraw, but until such notice is required, withdrawals may be made at any time. Six checks may be written on the account each month. The Bank pays interest on the account. From time to time the rate and/or service charge will change; current information is available below. Minimum deposit to open the money market investment account is $1,000.00.

Fee: $10.00 for any month the minimum balance is not maintained.


Variable Rate Savings Account

The interest rate and Annual Percentage Yield may change after a variable rate account is opened.

Account Type Interest Rate APY* Minimum Deposit to Open Account
Money Market Account .75% .75% $1000.00
Balances of $10,000 and more
1.25% 1.26% Minimum to earn APY $10,000

Regular fees or other conditions could reduce the earnings on an account.
Please inquire for further information concerning fees and terms applicable to accounts.

*APY- Annual Percentage Yield



IRAs

Individual Retirement Accounts offered by the bank permit you to place funds in certificate accounts with certain possible tax advantages to you. The bank pays interest on the account but a penalty may be imposed for early withdrawal. We offer traditional, Roth and education IRA’s.
Fixed Rate Certificates of Deposit including 


Individual Retirement Accounts

Term Interest Rate APY* Minimum Deposit to Open Account
3 Month 1.00% 1.00% $500.00
6 Month 1.25% 1.25% $1000.00
12 Month 2.60% 2.60% $1000.00
18 Month 2.70% 2.72% $1000.00
24 Month 2.75% 2.75% $1000.00
36 Month 3.00% 3.00% $1000.00
48 Month 3.10% 3.10% $1000.00
60 Month 3.20% 3.20% $1000.00

Regular fees or other conditions could reduce the earnings on an account.
*APY- Annual Percentage Yield



Health Savings Accounts (HSA)

The Pineries Bank’s Health Savings Accounts (HSA) offers you several different account types to accommodate your need for the funds. Unlike employer based flexible spending accounts, HSAs allow you to rollover unused funds from year-to-year. 

  1. Health Savings Accounts Offerings:
    1. N.O.W. Checking Account
    2. Unlimited deposits or withdrawals
    3. Earns interest of the N.O.W. Checking account rate
    4. Monthly Statements provided
    5. Accommodates customers who make frequent deposits or withdrawals
    6. Monthly Fee: $2.00
    7. *Waived on balances of $700.00 or more
    8. *1st 12 months are waived
  2. Restricted Withdrawal Account
    1. Unlimited deposits but limited to one withdrawal per month. ($20.00 fee will apply for each additional withdrawal made)
    2. Customer may have checks but no debit card offered
    3. Earns an interest rate higher than the N.O.W. Checking account rate
    4. Monthly statements provided
    5. Accommodates customers who make frequent deposits but do not expect many withdrawals.
  3. Certificate of Deposit
    1. Earns interest rate of normal Certificates of Deposit
    2. No debit card or checks offered
    3. Accommodates customers who will be making one large deposit or withdrawal per year
    4. Normal CD penalties apply


HSA Accounts (Health Savings Account)

The interest rate and Annual Percentage Yield may change after a variable rate account is opened.

Account Type Interest Rate APY* Minimum Deposit to Open Account
HSA Now Checking .10% .10% n/a
HSA Restricted Withdrawals .75% .75% n/a
HSA 1 Year CD 2.60% 2.60% $1000.00

A penalty may be imposed for early withdrawal.
Regular fees or other conditions could reduce the earnings on an account.
Please inquire for further information concerning fees and terms applicable to accounts.

*APY- Annual Percentage Yield



Regular Savings
Variable Rate Savings Accounts

The interest rate and Annual Percentage Yield may change after a variable rate account is opened.

Account Type Interest Rate APY* Minimum Deposit to Open Account
Regular Savings .10% .10% $100.00
Minor Savings .10% .10% $10.00

*APY- Annual Percentage Yield

Regular fees or other conditions could reduce the earnings on an account.
Please inquire for further information concerning fees and terms applicable to accounts.

$2.00 will be assessed each month the balance in the account falls below $100.00 (minors excluded). A charge of $1.00 will be assessed for each withdrawal after the 4th withdrawal in a one month period.



Christmas Club

A popular option when trying to save money for the Holidays. Open up a Christmas Club account and make as many deposits, for any amount you would like, throughout the year. Once a year in October you will automatically receive a check of the existing balance in the account.

Variable Rate Savings Accounts
The interest rate and Annual Percentage Yield may change  after a variable rate account is opened.

Account Type Interest Rate APY* Minimum Deposit to Open Account
Christmas Club .10% .10% $0.00

*APY- Annual Percentage Yield
Regular fees or other conditions could reduce the earnings on an account.
Please inquire for further information concerning fees and terms applicable to accounts.