Pinnacle Bank (AZ) 5-Year CD Rates Jumps


Deal Summary: 5-year CD, 3.00% APY, $1k minimum deposit.

Availability: Market area covers the Phoenix and Scottsdale area, including the Camelback corridor.

Pinnacle Bank (Arizona) has become the fourth member of the “3.00% 5-Year Club.” (The other three are Connexus CU, Illinois’ Prairieland FCU, and Oklahoma-based RCB Bank.) The minimum opening deposit is $1k, with no stated balance cap.

3.00%$1k-Pinnacle Bank (AZ)5 Year CD
3.00%$1k-Pinnacle Bank (AZ)5 Year IRA CD
Rates as of March 23, 2018.

It should be no surprise that the 3.00% APY is the 5-year CD’s highest rate since DA started tracking Pinnacle Bank's products in 2011. In the past two months, there have been two rate increases, adding a total of 200 bps.

The CD is also available as an IRA (Traditional) earning the same APY, with the same funding requirements.

According to CSR, the Early Withdrawal Penalty (EWP) for CDs with terms of 18 months or greater carry an EWP of 6 months interest, which is mild. Using DA’s Early Withdrawal Penalty Calculator, you can see what the effective yields would be on a month-by-month basis. For example,

  • 2.66% APY – closed at 4 years
  • 2.53% APY – closed at 3 years
  • 2.28% APY – closed at 2 years
  • 2.03% APY – closed at 18 months


Headquartered in Scottsdale, Pinnacle Bank is a business-oriented institution serving small businesses and the general community in the Phoenix and Scottsdale areas, including the Camelback corridor.

Opening a CD can be opened at either of two Arizona branches located in Scottsdale and Phoenix. CSR stated a preliminary worksheet that “captures the Account Signer’s Identifying Information," is available on request to facilitate opening a CD. This same identifying information can also be given over the phone, prior to the actual branch visit.

Bank Overview

Pinnacle Bank has an overall health grade of "A+" at, with a Texas Ratio of 3.44% (excellent) based on September 30, 2017 data. In the past year, Pinnacle Bank has increased its total non-brokered deposits by $12.64 million, an excellent annual growth rate of 8.1%. Please refer to our financial overview of Pinnacle Bank (FDIC Certificate # 58186) for more details.

Established in 2005, Pinnacle Bank was formed by local business leaders who owned and managed their businesses in Arizona’s Valley of the Sun. Backed by over 275 shareholders (primarily local) that represent a cross section of the business community, Pinnacle Bank has grown in 13 years to become the ninth largest bank in Arizona, with assets in excess of $198 million.

How the CD Compares

When compared to the 235 similar length-of-term CDs tracked by that require a similar minimum deposit and are available within the Bank’s market area, Pinnacle Bank’s 5-Year CD APY currently shares the top spot with Connexus Credit Union’s 60-Month Certificate APY.

The above rates are accurate as of 2/7/2018.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD Rates Table page.

Related Pages: Phoenix CD rates, 5-year CD rates

Pinnacle Bank (AZ) Welcomes Spring With CD Rate Hikes

UPDATE 3/28/2016: Pinnacle Bank no longer accepts out-of-state applications.

Availability: The primary market area includes the Phoenix and Scottsdale area, although CDs can be opened by mail for out-of-state customers.

Pinnacle Bank (Arizona) has welcomed Spring by raising the rates on all of its CDs, with the 1-year CD (1.50% APY), 18-month CD (1.75% APY), and 2-year CD (2.00% APY) being the most competitive. The minimum deposit of any of these CDs is $1k, with no balance cap.

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Pinnacle Bank (AZ) Offer Competitive 18-month and 2-year CDs

1.50% APY is the top CD rate offered by Pinnacle Bank (Arizona); it’s also the rate for Pinnacle Bank’s 18-month, 2-, 3-, 4-, and 5-year CDs. Obviously, the shorter the term the better the rate, and the 18-month and 2-year CDs are definitely competitive.

The minimum opening deposit for either the 18-month or 2-year CD is $1K, with no maximum balance cap. According to CSR, the Early Withdrawal Penalty for both CD is the same: six months interest.


Update 12/24/14: It has been reported that...

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