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FDIC Insurance Sweep

Pioneer Bank is here to help put your higher balances to work for you*. With our Instant Cash Sweep (ICSSM) and CDARS® services, you can distribute your funds over $250,000.00 into money market accounts and CDs across different financial institutions—all FDIC Insured and all part of the ICS/CDARS network. Your funds remain secure as they earn competitive interest, plus you will only receive statements from Pioneer Bank. It saves you time and the hassle of tracking collateral values. Enjoy peace of mind with full FDIC protection on your high-dollar deposits while supporting local lending to strengthen our communities.


  • Funds are deposited into multiple money market accounts
  • Links to a transaction account for daily liquidity (up to six withdrawals per month)


  • Funds are deposited into multiple CD accounts
  • Terms range from four weeks to five years

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* Limits and customer eligibility criteria apply.

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