How Tiered Interest Works
Pinnacle Bank money market uses a straightforward tiered structure. Your entire balance earns the rate corresponding to your daily closing balance tier — not a blended rate. If your account closes the day at $50,000, the full $50,000 earns the Tier 3 rate of 3.75% APY. This is simpler and more transparent than the marginal tier systems some banks use, where different portions of your balance earn different rates.
Interest compounds daily and is credited to your account on the last business day of each month. You can track daily accrued interest through your PinnBankTX login dashboard. Rate changes are communicated 30 days in advance via email and are posted on our website.
For customers who want a guaranteed rate rather than a variable one, we recommend pairing your money market with a Pinnacle Bank CD. Keep your liquid reserve in money market and lock surplus funds into a CD ladder for predictable, higher returns.
Check-Writing and Debit Card Access
Unlike a savings account, the Pinnacle Bank Texas money market includes full check-writing privileges. You receive a complimentary book of 50 checks at account opening, with additional orders available at standard pricing. There is no limit on the number of checks you can write per month.
The account also includes a Visa debit card with zero-liability fraud protection. Use it at any of our 14 branch ATMs, 55,000+ Allpoint network ATMs, or any point-of-sale terminal that accepts Visa. For customers who need occasional spending access to their savings without transferring to checking first, money market eliminates that extra step.
The Office of the Comptroller of the Currency classifies money market accounts as savings products, but the practical functionality at Pinnacle Bank is closer to a hybrid. You earn meaningful interest while retaining the ability to pay large expenses — property taxes, insurance premiums, tuition — directly from the account.
Minimum Balance Requirements
Pinnacle Bank money market requires a $2,500 minimum opening deposit. Maintaining that $2,500 minimum daily balance waives the $12 monthly maintenance fee and ensures you earn the Tier 1 APY. Balances that drop below $2,500 on any day during the statement cycle will incur the monthly fee for that cycle.
For customers who anticipate occasional dips below the threshold, consider setting up a savings sweep from your checking account to maintain the minimum. A single $12 fee erases approximately three months of interest on a $5,000 balance, so the sweep is well worth configuring.
