Enjoy peace of mind with full FDIC protection on your high-dollar deposits. Our ICSSM and CDARS® services distribute your funds over $250,000 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 -- and you'll only ever receive statements from Pioneer Bank. Put your higher balances to work, and let us do the work for you.

  • Ensure your high-dollar deposits are working for you*
  • Earn competitive interest higher than standard savings rates
  • Retain FDIC insurance on deposits over $250,000
  • Funds are deposited into multiple accounts (FDIC-insured institutions only; Only institutions in the ICS/CDARS network)
  • Work just with us -- receive one statement from Pioneer Bank
  • Saves you time (no need to track collateral values on your own)
  • Supports local lending, strengthening the community
  • No fees of any kind for the ICS or CDARS services

  • Funds deposited into multiple money market accounts
  • Links to a transaction account for daily liquidity (Enjoy up to 6 withdrawals per month)

  • Funds are deposited into multiple CD accounts
  • Range of terms available (4 weeks to 5 years)

See our FAQ to learn more.

*Limits and customer eligibility criteria apply.


If an investor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the investor to determine whether the placement of the investor's funds through ICS and/or CDARS or a particular ICS and/or CDARS transaction satisfies those restrictions.Because deposited funds are exchanged on a dollar-for-dollar basis with other banks in the Network, our bank can use the full amount of a deposit placed through ICS and/or CDARS for local lending, satisfying some investors' local investment goals/mandates. (ICS or CDARS® ReciprocalSM transactions only.) Alternatively, with an investor's consent, our bank may choose to receive fee income instead of deposits from other banks when using CDARS® One-Way SellSM. Under these circumstances, deposited funds would not be available for local lending.Placement of your funds through the ICS and/or CDARS services is subject to the terms, conditions, and disclosures set forth in the agreements, including the ICS and CDARS Deposit Placement Agreements, that you enter into with us. These agreements contain important information and conditions regarding the placement of funds. Limits and customer eligibility criteria apply. ICS program withdrawals are limited to six per month. CDARS is a registered service mark, and ICS is a service mark, of Promontory Interfinancial Network, LLC.