Pacific National Bank Nationally Available 12-month CD


Deal Summary: 12-month CD, 1.60% APY, $1k min/$250k max deposit, new money

Availability: Nationwide

Miami-based Pacific National Bank (PNB) has raised the rate on its 12-month CD (1.60% APY), making it the top-rated 1-year nationally available CD. The minimum deposit is $1k of new money and is capped at $250k.

1.85%$1k$240kPacific National Bank12 Month CD Online Promotional CD (New Money Only)
Rates as of July 15, 2018.

PNB is one of those banks that makes it very difficult to determine what the Early Withdrawal Penalty (EWP) is. When I saw there was a Terms and Conditions document listed on the online application, I thought I was home free. Instead, I saw,

Refer to your specific Truth in Savings Disclosure (consumer) or Specific
Account Details (business) for early withdrawal penalties and other product details.

According to CSR, the EWP for the 12-month CD is 30 days. I requested a copy of the CD Truth-In-Savings (TIS), so I could reference it in the future. I expected to receive a blank copy. Instead, CSR sent one that was already filled out for an 18-month CD showing a 30-day EWP. As that is the smallest EWP listed on the TIS and it applies to the 18-month CD, it also applies to the 12-month CD.


Headquartered in Miami, Pacific National Bank’s original market area, which had been limited to South Florida, has been expanded to include all U.S. residents who have a valid Social Security Number.

Opening a CD (or any other type of account) at PNB can be done online, or at either of the two Florida branches located in Coral Gables and Miami.

Bank Overview

Pacific National Bank has an overall health grade of "A" at, with a Texas Ratio of 4.58% (excellent) based on March 31, 2017 data. In the past year, PNB has increased its total deposits by $36.64 million, an excellent annual growth rate of 11.45%. Please refer to our financial overview of Pacific National Bank (FDIC Certificate # 26299) for more details.

In 1982, Banco Del Pacifico Ecuador (BPE) established Banco Del Pacifico Internacional as an Edge Act bank in Miami, Florida. (The 1919 Edge Act allowed national banks to participate in international banking through subsidiaries chartered by the Federal Reserve Bank.) Within three years, the Miami branch changed to a national bank charter issued and re-branded as Pacific National Bank. PNB operated as wholly owned subsidiary of BPE until 2012, and in late 2014, the Bank was sold to a group of U.S. private investors. PNB currently is Florida’s 47th largest bank with assets in excess of $496 million.

How the CD Compares

When compared to the 201 similar length-of-term CDs tracked by, which require a similar minimum deposit and are available nationwide, Pacific National Bank’s 12-month CD APY currently ranks first.

The above rates are accurate as of 8/12/2017.

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

Related Pages: Miami CD rates, 1-year CD rates, nationwide deals, Internet banks

Bozo   |     |   Comment #1
Ken, just curious. Based on your research, is the $250K maximum "per household" or "per SSN". I went to the website, but my eyes glazed over.
Ken Tumin
Ken Tumin   |     |   Comment #2
Based on their rate sheet, it's $250k max per CD.
Bozo   |     |   Comment #3
Ken, thanks. All things considered, this offering is a reasonable "parking place" for those of us trying to procrastinate.
Sylvia   |     |   Comment #4
Bozo, there's also Ally's 11 month no-penalty CD at 1.50%. Ally's an online bank, which, to me, means easier to withdraw money from afar. That, plus the no-penalty part, make for attractive parking.
Bozo   |     |   Comment #7
Sylvia, valid point.
???   |     |   Comment #5
When they publish a rate sheet that is valid for only 3 days I'd be stressed to make a commitment.   |     |   Comment #6
can a 501c(3) organization open a 1 year CD?
enelrad1123   |     |   Comment #8
Crestmark's 1 yr CD is paying 1.70% and is available nationally.
Pacific National Bank Nationally Available MMA Earns 1.06% APY

Deal Summary: Money Market Deposit Account, 1.06% APY, $100 minimum

Availability: Nationwide

Pacific National Bank has raised the rate on its Money Market Deposit Account (MMDA) to 1.06% APY. The minimum opening deposit is $100, with no stated balance cap.

PNB added the MMDA in August 2016 with an initial 1.00% APY that was in effect until last week’s 6 basis point increase.

The MMDA requires a $100 minimum average daily balance to earn the stated APY and to waive the $25 monthly maintenance fee. Any debit transactions in...

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Pacific National Bank Now Offers CDs Nationwide

UPDATE 8/5/2016: PNB no longer offers a 24-month CD.

Availability: Nationwide

Earlier this month, Pacific National Bank (PNB) added four Online CD Specials. When I called PNB to get more details on these new products, I was pleased to learn that PNB is now accepting applications nationwide.

The minimum deposit for any of the Online CD Specials is $1k, with no balance cap.

PNB also has three new money CD Specials (6-, 12- and 17-month), which have been available since early 2015. Of those three, the 17-month CD Special...

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