Pioneer Bank is pushing for their high interest savings account under the Kasasa Saver Brand. This savings account has a current interest rate of 2.01% APY for balances of $0 to $15,000. The funds going beyond $15K will get 0.05% APY. The base interest rate is 0.05%.

This high earning savings account goes in tandem with Kasasa Cash which is a reward checking account. You can enjoy the best interest rates for both the savings account and the reward checking account if you fulfil the following monthly requirements:

• Use the debit card for purchases at least 12 times per month
• Instead of paper bank statements, sign up for e-statements
• Post an ACH transaction like an automatic payment of a direct deposit

Minimum amount to open this savings account is just $50. You do not have to worry about minimum balance requirements nor any penalties even when you do not meet the monthly qualifiers. You also get to use their online banking facility and bills payment for free. There are also no monthly fees and service charges.

Kasasa is actually a win win offering for consumers since the package of money in the bank deals they offer have very competitive interest rates.

Take note that fees may affect the earnings of your savings account. You will not be able to enjoy the yields of your savings in case you decide to close the account before the interest has been credited.

The interest rates can be changed any time without notice. Make sure you call the bank first prior to opening an account.

Pioneer Bank is headquartered in Minnesota. They have branches in Delavan, Elmore, Mankato, Mapleton, North Mankato, and St. James. You can call them via 866-896-5247 for inquiries. You can also check their website for specific branch phone numbers.

Pioneer Bank is insured by the FDIC.