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Pinnacle Bank - Wyoming Review

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Pinnacle Bank - Wyoming Savings
0.60% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1918, Pinnacle Bank - Wyoming has assets totaling $807 million along with $711 million in deposits, which makes the institution a medium-size bank. Pinnacle Bank - Wyoming, whose headquarters are in Torrington, Wyoming, has above-average customer service access with a live chat feature, great for getting help during the work week. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. Coming in at a superb 4.5 stars out of 5, Pinnacle Bank - Wyoming proves it is a superb bank that would be an ideal pick. Pinnacle Bank - Wyoming has multiple product offerings, including savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Pinnacle Bank - Wyoming offers an option without a maintenance or monthly fee. Institutions that offer no-fee checking as well as a high savings APY are the best option for accruing the highest income on your deposits alongside convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.5/5
National Average: 4.1

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

Rates

3.9
SmartAsset Average: 3.5

With a savings rate of 0.60%, Pinnacle Bank - Wyoming ranks poorly compared to the national average. Pinnacle Bank - Wyoming's CDs feature a rate of 2.13% and 2.52% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 1.00%. Given Pinnacle Bank - Wyoming's below average savings rate, you should consider taking a look at other banks for savings accounts.

How Pinnacle Bank - Wyoming's Savings Rates Compare

Pinnacle Bank - Wyoming Savings 0.60 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Pinnacle Bank - Wyoming charges customers extremely low fees compared to the national average. With no monthly fee, Pinnacle Bank - Wyoming's checking account is ideal for those who need a hassle-free checking account. Pinnacle Bank - Wyoming does not refund out-of-network ATM fees, which means you will need to find a Pinnacle Bank - Wyoming ATM or pay the withdrawal fee.

Monthly Fee $0 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

4.2
SmartAsset Average: 3.7

Pinnacle Bank - Wyoming is a brick-and-mortar bank, with 15 total branches in Nebraska and Wyoming. It also offers access to mobile and web apps for straightforward access and banking on the go. Pinnacle Bank - Wyoming also offers a live chat feature, an alternative customer service tool if you can't call in during business hours. Pinnacle Bank - Wyoming receives fairly high marks from customers for its mobile app. The Pinnacle Bank - Wyoming mobile app is rated at 4.0 out of 5 (out of 72 reviews on iOS and Android) compared to the national average of 3.8. You can use Pinnacle Bank - Wyoming's app to control your funds by monitoring current statements, sending and receiving money and accessing customer service. Pinnacle Bank - Wyoming receives an exceptional consumer satisfaction score due to comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 4.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

4.7
SmartAsset Average: 4.8

Pinnacle Bank - Wyoming is currently a medium-size bank with $807 million in assets and $711 million in deposits. Pinnacle Bank - Wyoming's Texas Ratio is 7.13%, indicating that the bank is in good financial condition and far from failure. Additionally, Pinnacle Bank - Wyoming is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

7.13%
High Risk 75% 50% 20% 10% Low Risk

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 - Wyoming to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.6% APY $1
Checking Account 0.26% APY $1000
Certificates of Deposit
  • 12 Month: 2.13% APY
  • 24 Month: 2.12% APY
  • 36 Month: 2.17% APY
  • 48 Month: 2.32% APY
  • 60 Month: 2.52% APY
$500 for all terms
Money Market Account 0.8% APY $1

Pinnacle Bank - Wyoming has several deposit products like savings accounts, checking accounts and CDs that provide you with many options to manage your money. Pinnacle Bank - Wyoming does not have the best savings rate, which means you should think about taking a look 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 - Wyoming's CD rates are fair as compared against the national average.

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Find a Pinnacle Bank - Wyoming Near Me

Pinnacle Bank - Wyoming has 15 physical locations across the U.S.

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