It always makes good sense to save money, and the sooner the better. With compounding of interest and the availability of a variety of tax defense strategies, "early" money grows at a much faster rate than "late" money. The sooner you begin a regular savings and investment program, the better your chances of reaching your financial goals.

We offer a full line of savings and investment options. Please discuss your savings needs with a Personal Banker, who will provide you with a complete disclosure and current interest rates on all our savings products.

Money Market Investment Account:

• Earns interest on collected balance, compounded and paid monthly
• Tiered interest rate structure - higher balances earn higher rates
• Unlimited "in person" withdrawals
• Service charge waived with Premium Checking Account. No service charge if account maintains a $2500 minimum daily balance, $10 service charge if balance is below the minimum
• Six (6) debit transactions free per statement cycle, with no more than three (3) debits by check or drafts to a third party, $10 per item for excessive withdrawals.

Statement Savings:

• Earns interest on collected balance, compounded daily and credited quarterly
• No minimum balance required to earn interest
• Five (5) free withdrawals per quarter, $2 each for excessive

Minor Savings Account - Captain Summit

• Earns interest on collected balance, compounded daily and credited quarterly
• No minimum balance required to earn interest
• No service charge, to be eligible must be 18 or under
• Joint with parent, grandparents, or guardian

Christmas Club Savings Accounts:

• Save weekly for Christmas! Checks mailed in November.

Certificates of Deposit:

• Variety of maturity dates available ranging from seven (7) days to forty-eight (48) months with automatic renewal
• Pays interest through maturity date
• Maturity notice mailed ten (10) days prior to maturity date
• Interest may be reinvested or deposited to another account
• $1,000 minimum deposit required to open accounts with maturities of less than one (1) year
• $500 minimum deposit required to open accounts with maturities of one (1) year or greater
• Penalty for early withdrawal

Laddered CD's

• With multiple CDs in a CD ladder you are able to maximize your potential while minimizing your risk.
• Set up multiple CDs with different maturities.
• With CD's periodically coming due, you are always liquid
• Your interest rate risk is minimized.

Individual Retirement Accounts:

• Invested in Pinnacle Bank Certificates of Deposit
• Contributions may be tax deductible, please consult your tax advisor
• Options include:
  • Traditional IRA - interest earned tax-deferred
  • Roth IRA - interest earned non-taxable
  • Education - interest earned non-taxable

CDARS:

CDARS is the Certificate of Deposit Account Registry Service. And it's the easiest, most convenient way to enjoy full FDIC insurance on deposit amounts larger than $100,000. See any of our Personal Bankers for more information.

Health Savings Accounts

Health Savings Accounts are a tax-exempt trust or custodial account established exclusively for the purpose of paying or reimbursing qualified medical expenses of you, your spouse and your dependents.

If you meet one of the following requirements you are eligible for a Health Savings Account:

• Have medical insurance coverage under an HSA-qualified "high deductible health plan" (HDHP)
• Have no other first dollar medical coverage
• Are NOT enrolled in Medicare
• Cannot be claimed as a dependent on someone else's tax return

Account features:

• Totally free interest bearing checking account
• MasterMoney check card for easy access
• Monthly statement to easily track qualified medical expenses
• IRS required reporting

Account benefits:

• TAX SAVINGS - tax deductions when you contribute to your account
• TAX-FREE earnings through investment
• TAX-FREE withdrawals for qualified medical expenses

1031 Qualified Intermediary Services:

• 1031 Exchanges are used to defer taxes when selling and buying like-kind properties.
• After selling the property, funds must be held by a "Qualified Intermediary." Pinnacle Bank will hold your proceeds in an interest bearing Money Market account, with FDIC coverage available beyond the $100,000 standard.
• If the IRS guidelines for 1031 exchanges are followed, then the seller can defer all capital gains taxes resulting from the sale of their property.

For more information about our 1031 Qualified Intermediary Services, please contact any of our Personal Bankers.

(Nothing contained herein is given or intended to be interpreted as tax or legal advice. Please contact your tax and legal advisor before proceeding with any 1031 exchanges.)