Business Savings and Money Market Accounts at Pinnacle Bank Texas

Business Savings Account

The Pinnacle Bank Texas Business Savings account is the simplest way to separate operating reserves from daily transaction activity. Funds earn a tiered annual percentage yield that increases as your balance grows, and you retain full electronic access through online banking, mobile app, and in-branch transactions.

There is no monthly maintenance fee when you maintain a $500 minimum daily balance. Below that threshold, a $5 monthly fee applies. Interest is calculated on the daily collected balance and credited monthly. You can link the savings account to your business checking for overdraft protection, ensuring that a temporary shortfall pulls from savings rather than triggering insufficient funds fees.

The Business Savings account is ideal for companies building an emergency fund, setting aside quarterly tax payments, or accumulating funds for a planned equipment purchase. Deposits can be made via ACH transfer, mobile deposit, wire, or branch visit. There are no caps on deposits, and incoming wires post same-day.

Business Money Market Account

For companies with larger reserve balances that demand higher yields without sacrificing liquidity, the Pinnacle Bank Business Money Market account delivers. With tiered APYs reaching 3.85% on balances of $500,000 or more, this account outperforms most treasury bill ladders on a risk-adjusted basis — and unlike T-bills, your funds are available same-day.

The Business Money Market account includes check-writing privileges, a debit card option, and unlimited electronic transfers. There is a $25,000 minimum opening deposit and a $10 monthly fee that is waived when the balance stays above $25,000. Interest compounds daily and credits monthly, so your earnings generate earnings from day one.

For Texas businesses in cyclical industries — construction, agriculture, energy services — the money market account provides a high-yield parking place for seasonal cash surpluses. When your operating account needs replenishing, funds transfer instantly through online banking or the automated sweep arrangement described below.

Automated Sweep Accounts

Pinnacle Bank Texas sweep accounts bridge the gap between checking liquidity and savings yield. You set a target balance for your business checking account — say $50,000. At the end of each business day, any balance above that target automatically sweeps into your linked money market or savings account. When your checking balance drops below the target, funds sweep back.

The sweep operates at no additional monthly charge for Premium and Analysis checking clients. Essential checking clients can add sweep functionality for $10 per month. The arrangement is fully automated — no manual transfers, no daily monitoring, no missed interest. Over the course of a year, a business maintaining an average excess balance of $200,000 in checking could earn an additional $5,500 to $7,700 in interest simply by activating a sweep.

Sweep arrangements are configured by your Pinnacle Bank treasury specialist and can be adjusted at any time through a phone call or secure message. Multiple sweep targets can be established for businesses with complex cash flow structures — for example, sweeping into money market until that account reaches $500,000, then directing additional excess into a short-term CD ladder.

Extended FDIC Coverage Through IntraFi

Standard FDIC insurance covers $250,000 per depositor, per ownership category, per institution. For businesses holding reserves well above that limit, Pinnacle Bank Texas offers IntraFi ICS (Insured Cash Sweep) and CDARS (Certificate of Deposit Account Registry Service). These programs distribute your funds across a network of participating banks in increments that keep each portion under the FDIC ceiling, providing multi-million-dollar coverage while you manage everything through a single Pinnacle Bank account and receive a single consolidated statement.

IntraFi ICS works with your money market or savings account. CDARS applies to certificate of deposit placements. Both are available to any Pinnacle Bank business deposit client at no additional fee from the bank — the only cost is the modest rate differential between the IntraFi network rate and our standard on-balance-sheet rate. For companies holding $1M or more in operating reserves, the peace of mind is well worth it.

Strategies for Maximizing Business Deposit Yields

The difference between a business that earns nothing on idle cash and one that earns 3% or more comes down to structure, not effort. At Pinnacle Bank Texas, your relationship manager will evaluate your average daily balances, cash flow cycles, and upcoming capital needs to recommend a deposit strategy tailored to your business.

For most Texas businesses, the optimal structure combines a Business Premium or Analysis Checking account for daily operations, a Business Money Market for operating reserves, and an automated sweep that keeps funds flowing between the two. Seasonal businesses — ranching operations that sell cattle in fall, construction firms with spring-heavy revenue — benefit from layering short-term CDs on top of this foundation to lock in rates during peak cash periods.

Your Pinnacle Bank treasury specialist reviews your deposit structure quarterly at no charge. As rates change, as your business grows, as cash flow patterns shift, your deposit strategy should evolve with them. That ongoing advisory relationship is included with every business deposit account.

Security and Regulatory Compliance

Every business deposit at Pinnacle Bank Texas is protected by multiple layers of security. At the institution level, we maintain Tier 1 capital ratios well above the minimums set by the Texas Department of Banking and federal regulators. At the account level, your funds are covered by FDIC insurance and, if enrolled, the IntraFi extended insurance network.

Online access to your savings and money market accounts is secured with AES-256 encryption, multi-factor authentication, and session timeout controls. Business accounts with balances above $100,000 can opt into callback verification for any withdrawal exceeding a preset threshold — adding a human verification step that no amount of technology can replace.

Interest earned on business savings and money market accounts is reported annually on IRS Form 1099-INT. Pinnacle Bank provides these forms electronically through your online banking portal by January 31 each year, and your accountant can be granted read-only access to download statements and tax documents directly.