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.

1.00%$100-Pacific National BankMMDA Online Special
Accounts mentioned in this post. Rates as of May 28, 2017.

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 excess of six per monthly statement incur a $10 fee per transaction.


Headquartered in Miami, Pacific National Bank’s original market area, which was limited to South Florida, was expanded in June 2016 to include all U.S. residents who have a valid Social Security Number.

Opening a MMDA must be done online. The online application asked for state of residency, but your choices are limited to Florida, California, and other.

PNB also has two full-service 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 4.99% (excellent) based on September 30, 2016 data. In the past year, PNB has increased its total non-brokered deposits by $34.59 million, an excellent annual growth rate of 10.84%. 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 50th largest bank with assets in excess of $462 million.

How the MMDA Compares

When compared to the 165 Money Market Accounts tracked by that are available nationwide, Pacific National Bank’s MMDA APY currently ranks fourth.

The above rates are accurate as of 2/9/2017.

To search for Money Market rates, both nationwide and state specific, please refer to the Money Market rates section of or our new Rates Map page.

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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