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Pinnacle Bank Review

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Pinnacle Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Founded in 2006, Pinnacle Bank has assets totaling $342 million and deposits totaling $305 million, which makes it a small bank. Pinnacle Bank, whose headquarters are in Gilroy, California, lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. At a SmartAsset rating of 3.6 out of 5 stars, Pinnacle Bank should be near the middle of the pack in your search for a bank. Pinnacle Bank provides customers with a varied choice of banking products, which include savings accounts, checking accounts, money market accounts, CDs and IRAs. Pinnacle Bank has a fair savings rate; you can find higher rates with other banks. Locating a checking account with no monthly fee and a savings account with a high APY at the same institution is the best option for accruing the most income on your deposits while maintaining convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

Pinnacle Bank features a savings rate of 0.10%, which is fair in comparison to the average U.S. bank. Its one-year CD earns at a rate of 0.75%, while its highest-yielding money market account earns at an APY of 0.10%. Given Pinnacle Bank's below average savings rate, you should think about opting for higher earning savings accounts with other banks.

How Pinnacle Bank's Savings Rates Compare

Pinnacle Bank Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

There is insufficient data on Pinnacle Bank's fees to provide a full SmartAsset rating.

Monthly Fee N/A National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Pinnacle Bank is a brick-and-mortar bank, with three total branches in California. It also offers access to mobile and web apps for easy access and banking on the go. It does not offer all-day customer service with representatives. You can get help during its hours, which are Monday through Friday and 9:00 a.m. to 5:00 p.m. PT. Pinnacle Bank's mobile app lets you control your finances by monitoring current statements, sending and receiving money as well as reaching customer service. Pinnacle Bank gets a superb consumer satisfaction score based on comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating NR
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Pinnacle Bank is a small bank with assets totaling $342 million as well as $305 million in deposits. Its Texas Ratio is 0.70%, suggesting a minute chance of failure. 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.

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Compare Pinnacle Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $500
Checking Account 0.05% APY $2500
Certificates of Deposit
  • 12 Month: 0.75% APY
  • 24 Month: 1.00% APY
  • 36 Month: 1.20% APY
$2500 for all terms
Money Market Account 0.1% APY $25000

Pinnacle Bank offers several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you 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 compared to the national average.

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Find a Pinnacle Bank Near Me

Pinnacle Bank has three locations across the U.S.

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