Thursday, 19 September 2019

Pacific National Bank Review: Checking, Savings, CD and Money Market Accounts

Pacific National Bank Review: Checking, Savings, CD and Money Market Accounts
18 Dec
3:02

Pacific National Bank’s Most Popular Accounts

APY

Account Type

Account Name

Compare Rates from Similar Accounts

0.20%

Savings

Pacific National Bank Savings Account

2.00%

American Express National Bank High Yield Savings Account

on American Express National Bank’s secure website

Member FDIC

2.50%

CD Rates

Pacific National Bank 12 Month Promotional CD – New Money

2.65%

Goldman Sachs Bank USA High-yield 12 Month CD

on Goldman Sachs Bank USA’s secure website

Member FDIC

2.70%

CD Rates

Pacific National Bank 13 Month Promotional CD – New Money

2.85%

Synchrony Bank 36 Month CD

on Synchrony Bank’s secure website

Member FDIC

2.80%

CD Rates

Pacific National Bank 18 Month CD Special – New Money

3.10%

Goldman Sachs Bank USA High-yield 5 Year CD

on Goldman Sachs Bank USA’s secure website

Member FDIC

Pacific National Bank’s checking account options

magnifying glass

How Pacific National Bank’s checking accounts compare

When compared to the accounts on our list of the best online checking accounts, these products instantly lose points for earning little to no interest. They also both have fairly high opening deposits and balance requirements to avoid a rather high monthly fee, so if you’re not confident you can maintain that requirement, you’re best off skipping these checking accounts.

Pacific National Bank’s savings account option

magnifying glass

How Pacific National Bank’s savings account compares

With their dismal rates on high balances, these accounts don’t come close to comparing to those on our list of the best online savings accounts. If you can find an account with additional perks and that also allow you to easily avoid fees, you’re better off passing over this one.

Pacific National Bank’s CD rates

magnifying glass

How Pacific National Bank’s CD rates compare

The current promotional offerings available from Pacific National Bank don’t really stack up to those on our list of the best CD rates. The $1,000 opening deposit requirement for its current promotional CDs looks to be pretty standard, though. In any case, contact the bank directly to inquire about available CDs to truly determine if they’ll give you the best bang for your buck.

Pacific National Bank’s money market account options

magnifying glass

How Pacific National Bank’s money market account compare

Just like with the bank’s other interest-earning accounts, these rates lag far behind those on our list of the best money market rates. And from what we can see, its high fees (and challenges to avoid them), along with the high balance and deposit requirements, we have a hunch that you can easily find a better product to sock away your cash. Do your research, and possibly consider one of the accounts on our list instead.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Emilia Benton

TAGS:

Recommended by

This Cash Back Number May Surprise You

This Cash Back Number May Surprise You

Best Travel Credit Cards With No Annual Fee

Best Travel Credit Cards With No Annual Fee

Getting Approved For 1 Of These Credit Cards Means You Have Excellent Credit

Getting Approved For 1 Of These Credit Cards Means You Have Excellent Credit

2 Credit Cards Charging 0% Interest until 2019

2 Credit Cards Charging 0% Interest until 2019

Source: https://www.magnifymoney.com/blog/reviews/pacific-national-bank/

« »

Szemere

Related Articles