Pinnacle Bank Review

Overview

Started in 1880, Pinnacle Bank has $1.31 billion in assets along with deposits totaling $1.18 billion, which makes it a large bank. Pinnacle Bank, whose headquarters are in Lincoln, Nebraska, lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. At a SmartAsset rating of 4.4 out of 5 stars, Pinnacle Bank should be solidly in contention for your choice of bank. Pinnacle Bank provides customers with a complete array of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Pinnacle Bank has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Pinnacle Bank offers an option without a monthly fee. Finding an institution with free checking as well as a high interest rate savings account is your best option for accruing the highest income from your deposits while having easy access to your funds.

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Pinnacle Bank features a savings rate of 0.86%, which is low in comparison to the national average. Pinnacle Bank's CDs feature a rate of 2.61% and 3.03% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has a rate of 2.08%. Given its below average savings rate, you should think about other options to earn more on your deposits.

How Pinnacle Bank's Savings Rates Compare

Pinnacle Bank has generally extremely low fees in comparison to the national average. Its checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. Pinnacle Bank unfortunately doesn't refund out-of-network ATM charges, meaning you'll be required to locate a Pinnacle Bank ATM or accept the ATM charge.

Pinnacle Bank is a brick-and-mortar bank, with 75 total bank locations in Kansas, Missouri, and Nebraska. With mobile and web apps, Pinnacle Bank makes account access easy, even on the go. It does not offer all-day customer service with actual service representatives. You can get help during its customer service hours, which are Monday through Friday, 8:00 a.m. to 10:00 p.m. CT; Saturday, 8:00 a.m. to 6:00 p.m. CT; Sunday, and 10:00 a.m. to 6:00 p.m. CT. Pinnacle Bank gets moderate marks from users for its mobile banking services. The Pinnacle Bank mobile app has been given a 3.6 out of 5 (out of 350 ratings on iOS and Android) compared to the national average of 3.8. Pinnacle Bank's mobile app lets you control your funds by monitoring account balances, sending and receiving money as well as accessing support representatives. Pinnacle Bank receives an outstanding consumer satisfaction score due to relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Pinnacle Bank is a large bank with assets totaling $1.31 billion and deposits totaling $1.18 billion. Its Texas Ratio is 4.11%, indicating that Pinnacle Bank is in outstanding financial well-being and improbable to fail. Additionally, Pinnacle Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

Products Offered

Pinnacle Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Pinnacle Bank does not have the best savings rate, which means you should think about other options for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Pinnacle Bank's CD rates are fair in comparison to the national average.

Find a Pinnacle Bank Near Me

Pinnacle Bank has 75 physical locations across the U.S.