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Pinnacle Bank Review

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Pinnacle Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Pinnacle Bank started in 2006 with its headquarters in Gilroy, California. It handles assets of $342 million and $305 million in deposits, ranking it as a small bank. Pinnacle Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. With an average 3.6 stars out of 5, Pinnacle Bank is a decent choice, but with better options out there. Pinnacle Bank has a complete choice of banking products, which include savings accounts, checking accounts, money market accounts, CDs and IRAs. It 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 your best option for getting the most income from your deposits alongside 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

With a savings rate of 0.05%, Pinnacle Bank ranks poorly in comparison to the average U.S. bank. Pinnacle Bank's one-year CD earns at a rate of 0.75%, while its highest-yielding money market account has a rate of 0.10%. Given Pinnacle Bank's below average savings rate, you should consider other options to earn more on your deposits.

How Pinnacle Bank's Savings Rates Compare

Pinnacle Bank Savings 0.05 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 bank locations in California. It also offers access to mobile and web apps for straightforward access and banking on the go. It does not provide access to all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday and 9:00 a.m. to 5:00 p.m. PT. You can utilize Pinnacle Bank's app to manage your bank accounts by checking current statements, sending and receiving funds as well as accessing support representatives. Pinnacle Bank receives a superb consumer satisfaction score based on relatively 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 ranks as a small bank with assets totaling $342 million as well as deposits totaling $305 million. Pinnacle Bank's Texas Ratio is 0.70%, indicating a low possibility 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 0.05% 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 has several deposit products including 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 looking elsewhere 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 as compared against the national average.

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Find a Pinnacle Bank Near Me

Pinnacle Bank has three branches across the U.S.

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