We offer our Insured Sweep Account to provide you with millions in deposit insurance through participating banks, while you maintain only one account with Pinnacle Bank.
How it works:
Our Insured Sweep Account provides millions in FDIC insurance on your deposits by distributing your balance in amounts under the $250,000 threshold to partner banks. By placing funds under the limit at each bank, your entire balance can be insured.
Plus, you can maintain the flexibility and simplicity of a single account with us!
Features
Security
Know your deposits are safe and secure, backed by the full faith and credit of the federal government.
Single Banking Relationship
Enjoy FDIC insurance without the hassle of managing banking relationships.
Continuous Transparency
Always know your deposits are allocated safely at other FDIC-insured banks.
Competitive Interest
Grow your account with interest earned on your entire balance.