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Pioneer Bank, SSB2.51%-$25kPioneer High Yield Checking
Accounts mentioned in this post. Rates as of August 11, 2014

High-Yield Reward Checking Account at Pioneer Bank in Texas - Local Only


Pioneer Bank, SSB

Update 8/11/2011: The rates have fallen. Refer to the rate history at the bottom for the change history.

Pioneer Bank in Dripping Springs Texas is offering a high-yield reward checking account called Pioneer High Yield Checking. The account has the following rates and features as of 8/11/2011 if certain monthly requirements:

  • 2.76% APY for balances up to $25,000
  • 1.00% APY for portion of balance over $25,000
  • 0.05% base rate if requirements are not met
  • Refunds of ATM fees

Monthly requirements include:

  • 10 check card purchases
  • 1 direct deposit or automatic withdrawal
  • Receive e-statements

Other features of this account include:

  • $100 minimum initial deposit
  • No monthly fees
  • No minimum balance requirement

Update 4/23/13: A reader reported in the forum that he was told by a branch manager that you have to live in their market area to open an account.

It's a small bank with its main branch located in Dripping Springs, Texas which is just south of Austin.

The bank's ratings for safety and soundness are strong: 4 stars (excellent) at BauerFinancial and 4 stars (sound) at Both ratings are based on 9/30/09 financial data. The bank has been a FDIC member since 2007 (FDIC Certificate # 58577).

Other Reward Checking Accounts

There are still nationwide reward checking accounts paying 4% (see post) and a few local accounts paying over 5% (see post). However, rates under 4% are becoming more common, and anything at 3% or above is a decent deal for reward checking rates.

To find nationwide reward checking accounts and reward checking accounts in your local area, please refer to the reward checking section of

Rate History:

  • 8/11/2011: 2.76% APY up to $25K
  • 5/02/2011: 3.01% APY up to $25K; 1.00% over
  • 8/25/2010: 3.26% APY up to $25K
  • 2/28/2010: 3.51% APY up to $25K; 1.25% over; 0.05% base rate

  Tags: reward checking account, Texas, Pioneer Bank, SSB, checking account

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