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Pacific National Bank Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Pacific National Bank Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Pacific National Bank was founded in 1985 and is headquartered in Miami, Florida. Pacific National Bank handles $443 million in assets along with $320 million in deposits, classifying it as a medium-size bank. Pacific National Bank lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. On the whole, Pacific National Bank is an acceptable bank choice, but may leave you wanting more, with a score of 3.8 out of 5 stars from our experts. Pacific National Bank offers a varied selection of banking products, which include savings accounts, checking accounts, money market accounts and CDs. Pacific National Bank has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, the bank's most basic checking account does not have a monthly fee. Using an institution with no-fee checking and a high savings APY is your best bet for returning the highest income from your deposits while maintaining easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

3.8/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

3.4
SmartAsset Average: 3.5

Pacific National Bank has a savings rate of 0.20%, which is poor in comparison to the average U.S. bank. Pacific National Bank's one-year and five-year term lengths CDs earn at a rate of 0.70% and 1.71%, respectively, while its highest-yielding money market account has an APY of 0.50%. Given its noncompetitive savings rate, you should consider other options to earn more on your deposits.

How Pacific National Bank's Savings Rates Compare

Pacific National Bank Savings 0.20 National Average 0.26 Compare Offers
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Fees

4.5
SmartAsset Average: 4.4

Pacific National Bank has typically low fees in comparison to other U.S. banks. With no monthly fee, Pacific National Bank is ideal for people who want a simple banking experience. Additionally, it has an overdraft fee of $35.00, which is on par with that of other U.S. banks. Pacific National Bank unfortunately does not reimburse out-of-network ATM fees, meaning you will need to search for a Pacific National Bank ATM or pay the withdrawal fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $35.00 National Average: $35.00
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Service Quality

2.5
SmartAsset Average: 3.7

Pacific National Bank is a brick-and-mortar bank, with two total branches in Florida. With a mobile app, Pacific National Bank provides straightforward account access, even from home or work. Pacific National Bank receives an excellent consumer satisfaction score based on relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating NR
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.9
SmartAsset Average: 4.8

Pacific National Bank is currently a medium-size bank with $443 million in assets as well as $320 million in deposits. Its Texas Ratio is 2.67%, indicating that the bank is in terrific financial well-being and far from failure. Additionally, Pacific National Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Pacific National Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $2500
Checking Account 0.2% APY $2500
Certificates of Deposit
  • 12 Month: 0.70% APY
  • 24 Month: 1.11% APY
  • 36 Month: 1.41% APY
  • 60 Month: 1.71% APY
$1000 for all terms
Money Market Accounts 0.5% APY 0.5% APY $10000 $15000

Pacific National Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Pacific National Bank does not have the best savings rate, which means you should think about taking a look elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Pacific National Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a Pacific National Bank Near Me

Pacific National Bank has two locations across the U.S.

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