Pioneer Bank (NY)

Overview / Commentary
652 Albany Shaker Road
Albany, NY 12211

Pioneer Bank (NY) is headquartered in ALBANY and is the 39th largest bank in the state of New York. It is also the 589th largest bank in the nation. It was established in 1889 and as of March of 2024, it had grown to 262 employees at 22 locations. Pioneer Bank (NY) has an A+ health rating.

Reviews (5)

Hometown Banking

I really love everything about my local bank Pioneer Savings Bank. It's very conveniently located and the fees and services are very competitive to national banks. I used to bank with a national bank but was never very happy. I have since switched my personal checking account and personal savings account to pioneer. I couldn't be happier. The customer service is outstanding. I recently had a meeting to look into CDs and money markets and am very pleased with what they have to offer. I will soon be opening an Ira and am looking into a college fund for my granddaughter. I highly recommend Pioneer Savings bank to anyone for their personal banking needs.

My Local Bank

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I have banked with several nationwide banks over the years. Each one had different perks and different things to offer. I had a bad experience with a nationwide bank and decided to look into my local Pioneer Savings Bank. Wow, was I surprised. Not only did they offer everything that the national banks offered but their rates were similar and sometimes lower than the national banks. I am now totally switching all of my banking needs to pioneer. I have recently opened a personal checking account and a personal savings account.I am looking into CDs and IRAs as well.They also offer college savings accounts which I will open soon for my granddaughter. I would recommend and actually have recommended Pioneer Savings Bank to family and friends. I have a friend who also switched from a national bank to Pioneer Savings. I couldn't be happier.

Checking Account Woes

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Lifelong customers shocked that we received a strange phone call from pioneer bank today ; some woman stated she is returning our 3rd party checks that we wanted to deposit in our checking account. We have deposited 3rd party checks now for some 25+ years. Intrusive questions, she was on a speaker phone and being coached what to say to me. "Where did we get these checks/", "they will be returned, they can't be deposited unless these people ( 20 or so) signed them in the bank in person." How rude and illegal. A return phone by us to the bank, they do indeed accept 3rd party checks and suggested I send a letter. Just like a 3rd grader that needs persmission.

Bad Cudtomer Service

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very bad customer service in Guilderland branch. They instead of disciplining the employee, they tell the customer choose another branch or a bank. Very poor approach and strategy. Need more training to the staff based on the diverse cultural customer makeup and needs. Also, there is no sensitivity for the women with children and customers with large deposits. At this branch, the teller is particularly mad because, she has to count large deposit. Well she must understand that bank has hired her to count money not for showing her frustration, if she has problem at the bank or home.

Pioneer Bank Brunswick Branch. 1 Star

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Bank is clean and professional, but the accuracy on numbers I found was off many times. I have recently found that my money is often missing. I will be changing banks ASAP.


Health Grade Components

FDIC Certificate #20741
Year Established1889
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.95%
Return on Equity - YTD7.98%
Annual Interest Income$23.1MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.98B$1.86B
LoansQ1 2024vs Q1 2023$1.31B$1.09B
DepositsQ1 2024vs Q1 2023$1.7B$1.61B
Equity CapitalQ1 2024vs Q1 2023$231.9MM$203.1MM
Loan Loss AllowanceQ1 2024vs Q1 2023$21.6MM$22.2MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$8.7MM$10.1MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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Always verify rates and promotions with the bank or credit union. We are not Pioneer Bank (NY); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Pioneer Bank (NY) Savings Account Rates

0.03%$0-Statement Savings Account
0.03%$0-Passbook Savings Account

Pioneer Bank (NY) Money Market Rates

0.10%*$1m*-Pinnacle Money Market Account
OTHER TIERS: 0.03% $0 - $25k | 0.05% $25k - $1m

Pioneer Bank (NY) CD Rates

4.50%$0-8 Month CD
4.50%$0-Business 8 Month CD
0.55%$0-36 Month CD
0.55%$0-Business 36 Month CD
0.45%$0-24 Month CD
0.45%$0-Business 24 Month CD
0.35%$0-18 Month CD
0.35%$0-Business 18 Month CD
0.30%$0-12 Month CD
0.30%$0-Business 12 Month CD


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