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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

Pinnacle Bank - Wyoming started in 1918 with its headquarters in Torrington, Wyoming. Pinnacle Bank - Wyoming owns assets of $807 million along with $711 million in deposits, ranking it as a medium-size bank. Pinnacle Bank - Wyoming has above-average customer service access with a live chat feature, great for getting help during the work week. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. Overall, Pinnacle Bank - Wyoming is an excellent bank that you should strongly consider, with a rating of 4.5 stars out of 5 from the SmartAsset experts. Pinnacle Bank - Wyoming provides customers with a selection of product offerings, including savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Pinnacle Bank - Wyoming's most basic checking account does not carry a monthly maintenance charge. Locating a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same institution is the best bet for accruing the most income from your deposits while having convenient access to your money.

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

Pinnacle Bank - Wyoming features a savings rate of 0.60%, which is fair compared to other U.S. banks. Pinnacle Bank - Wyoming's CD rates are 2.14% and 2.83% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 1.00%. Given Pinnacle Bank - Wyoming's below average savings rate, you should consider looking elsewhere to open 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

On average, Pinnacle Bank - Wyoming charges customers extremely low fees in comparison to the average U.S. bank. Pinnacle Bank - Wyoming's checking account has no monthly fee, making it excellent for anyone looking for a simple account. Pinnacle Bank - Wyoming unfortunately doesn't refund out-of-network ATM fees, meaning you'll be required to find a Pinnacle Bank - Wyoming ATM or pay the cost of withdrawal.

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 an easy mobile-banking experience. Pinnacle Bank - Wyoming also offers a live chat feature, which may provide helpful service without getting on the phone. Pinnacle Bank - Wyoming receives reasonably high marks from customers for its online presence. Out of 72 ratings on both Apple and Android platforms, the Pinnacle Bank - Wyoming mobile app is scored at 4.0 out of 5 (compared to the national average of 3.8). You can use Pinnacle Bank - Wyoming's mobile app to control your funds by monitoring monthly statements, transferring funds and accessing support representatives. Pinnacle Bank - Wyoming gets a superb consumer satisfaction score based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial 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 and handles assets totaling $807 million as well as deposits totaling $711 million. It has a strong Texas Ratio of 7.13%, denoting that Pinnacle Bank - Wyoming is in fine financial shape and unlikely to fail. 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 $100
Checking Account 0.26% APY $1000
Certificates of Deposit
  • 12 Month: 2.13% APY
  • 24 Month: 2.52% APY
  • 36 Month: 2.59% APY
  • 48 Month: 2.67% APY
  • 60 Month: 2.83% APY
$500 for all terms
Money Market Account 0.8% APY $1

Pinnacle Bank - Wyoming offers several deposit products including 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 consider 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 - Wyoming's CD rates are fair compared to the average U.S. bank.

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Find a Pinnacle Bank - Wyoming Near Me

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

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