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

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.

Pacific National Bank’s checking account options

Personal Checking account

A non-interest bearing checking account.
  • Minimum opening deposit: $500
  • Monthly account maintenance fee: $15, unless minimum monthly balance of $500 is maintained, and you opt for e-statements, e-documents, online banking and basic bill pay
  • ATM fee: None at Pacific National Bank ATMs; four free transactions at Publix (Presto!) ATMs; otherwise, outside bank fees may apply.
  • ATM fee refund: None
  • Overdraft fee: $35

For being a basic checking account, this one comes with a pretty hefty minimum opening deposit and monthly fee. As we noted above, however, it’s pretty easy to avoid that fee with its requirements, if you’re able to easily come up with the deposit to open the account, that is. You may also want to note that debits in excess of 30 per month will cost $0.25 per additional transaction, and receiving paper statements will result in an additional $5 fee.

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PNB SuperNow Checking account

This account does earn a small amount of interest on balances of at least $2,500.
APYMinimum Balance to Earn APY
0.20%$2,500
0.20%$1 million
  • Minimum opening deposit: $2,500
  • Monthly account maintenance fee: $15, unless minimum monthly balance of $2,500 is maintained, and and you opt for e-statements, e-documents, online banking and basic bill pay
  • ATM fee: None at Pacific National Bank ATMs; four free transactions at Publix (Presto!) ATMs; otherwise, outside bank fees may apply
  • ATM fee refund: None
  • Overdraft fee: $35

This checking account does earn interest if you can maintain its high minimum balance requirement, increasing slightly once you hit the $1 million mark. If you can maintain that balance, it’s pretty easy to adhere to the requirements to avoid the monthly fee on this account. As with the bank’s other checking account, debits in excess of 30 per month will cost $0.25 per additional transaction, and receiving paper statements will result in an additional $5 fee.

How to get Pacific National Bank’s checking accounts

If you are a U.S. citizen residing in Florida, you can open either of these accounts in person at a branch. To do so, you’ll need to provide your Social Security number, government-issued ID and a way to fund the account.

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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

PNB Personal Savings

The bank’s sole savings account comes with a high balance requirement to earn any interest.
APYMinimum Balance to Earn APY
0.20%$1,000
0.20%$50,000
  • Minimum opening deposit: $500
  • Minimum balance to earn APY: $1,000
  • Monthly account maintenance fee: $10, unless minimum monthly balance of $500 is maintained, and and you opt for e-statements, e-documents, online banking and basic bill pay
  • ATM fee: None at Pacific National Bank ATMs; four free transactions at Publix (Presto!) ATMs; otherwise, outside bank fees may apply
  • ATM fee refund: None
  • Overdraft fee: $35

This account does earn interest, but again, at pretty high rates for pretty high balances. As with the checking accounts, if you can maintain the minimum required balance and adhere to the account’s other requirements, it’s fairly easy to avoid the monthly maintenance fee. You may want to also note that receiving paper statements would cost you an additional $5 per month. As a savings account, it’s subject to Federal Reserve Regulation D, which limits certain withdrawals and transfers to six per month. Transactions in excess of this limit will cost you $20 for each item from the bank.

How to get Pacific National Bank’s savings account

If you are a U.S. citizen residing in Florida, you can open Pacific National Bank’s savings account in person at a branch. To do so, you’ll need to provide your Social Security number, government-issued ID and a way to fund the account.

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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

Certificates of Deposit

Promotional CDs with a $1,000 minimum opening deposit.
Term APY
12 months2.00%
13 months2.00%
18 months2.10%
  • Minimum opening deposit: $1,000
  • Minimum balance amount to earn APY: $1,000
  • Early withdrawal penalty:  7 days worth of interest on the amount withdrawn within the first six days after deposit. Otherwise, it’s 30 days worth of interest on the amount withdrawn on terms up to 23 months in length; 60 days worth of interest on the amount withdrawn on term lengths between 24 and 35 months and 90 days worth of interest on the amount withdrawn on terms of 36 months or more.

While Pacific National Bank is currently only offering three promotional CDs, their opening deposit requirements and rates are pretty standard as far as today’s certificates go.

How to get Pacific National Bank’s CDs

You can open one of Pacific National Bank’s CDs online or in person; you’ll just need to provide your government-issued ID, Social Security number and a way to fund the account.

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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

PNB Personal Money Market account

Another account with a substantial opening deposit and minimum balance requirements.
APYMinimum Balance to Earn APY
0.50%$10,000-$49,999
0.50%$50,000 to $99,999
0.50%$100,000 to $999,999
0.50%$1,000,000
  • Minimum opening deposit: $5,000
  • Minimum balance to earn APY: $10,000
  • Monthly account maintenance fee: $25, unless minimum balance of $5,000 is maintained, and you opt for e-statements, e-documents, online banking and basic bill pay
  • ATM fees: None at Pacific National Bank ATMs; four free transactions at Publix (Presto!) ATMs; otherwise, outside bank fees may apply
  • ATM fee refund: None
  • Overdraft fee: $35

This account does earn interest, once again at low rates in exchange for high balances. As with most of its other accounts, it comes with a hefty monthly maintenance fee that can only be waived with an equally hefty minimum balance is maintained, along with other requirements. As with the regular savings account, receiving paper statements will cost you an extra $5 per month. As a savings account, this one is subject to Federal Reserve Regulation D, which limits certain withdrawals and transfers to six per month. Any additional withdrawals will cost an extra $20 each, imposed by the bank.

How to get Pacific National Bank’s money market account

Customers can open Pacific National Bank’s money market account online or in person at one of its Florida branches. You’ll need to provide your government-issued ID, Social Security number, and a way to fund the account.

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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.

Overall review of Pacific National Bank’s banking products

None of the rates on Pacific National Bank’s personal accounts make for any standout products, we’re sorry to to say. Not only that, but from what we can tell, most of the bank’s accounts come with high deposit and balance requirements, paired with fees that require some hoops to jump through to avoid them. Even if you’re a Florida resident who’s qualified to open a checking or savings account, it might not be convenient for you to pop into a branch to open one in person. In any case, we’re not sure if it’s worth the trouble. But if you’re truly interested in working with Pacific National Bank, be sure to do a little comparison shopping beforehand.

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
Emilia Benton |

Emilia Benton is a writer at MagnifyMoney. You can email Emilia here

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American Express Green Card Review

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any credit card issuer. This site may be compensated through a credit card issuer partnership.

The iconic American Express® Green Card has undergone a fresh makeover. Thanks to a revamp that rolled out in October 2019, the American Express® Green Card is now a compelling choice for those who want rewards and perks for travel, but aren’t ready to shell out for a premium travel card with an annual fee in the $500 range. This card does charge a $150 annual fee, but if you take full advantage of the annual credits you get for having it, you can mitigate the cost of the annual fee.

Plus, the new card is made mostly out of plastic reclaimed from beaches, islands, and coastal communities — so it can be considered “green” both in color and environmentally.

Where the American Express® Green Card stands out

American Express® Green Card

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American Express® Green Card

Annual fee
$150
Rewards Rate
Earn 3X Membership Rewards® points on all eligible travel, from subway swipes and window seats to hotel stays and city tours.
Credit required
excellent-credit
Excellent/Good

Rewards. Earn 3X Membership Rewards® points on all eligible travel, from subway swipes and window seats to hotel stays and city tours. This is an inclusive travel category, which gives you the chance to earn rewards in a lot of different ways.

CLEAR annual credit. CLEAR uses your eyes and fingerprints to confirm your identity. It can be used at a variety of airports, stadiums, and other venues. When you use this card to pay for your CLEAR membership, you can get up to $100 in statement credits per calendar year. However, because a CLEAR membership costs $179 a year (or $15 a month), note that you’ll still have to pay a portion of your membership costs out of pocket each year.

LoungeBuddy annual credit. When you use this card to purchase airport lounge access via LoungeBuddy, you can get up to $100 in statement credits per calendar year.

Additional benefits

Welcome offer. Earn 30,000 Membership Rewards® points after you spend $2,000 on purchases on your new Card in your first 3 months. If you use your points for flights through American Express Travel (a value of 1 cent per point), that’s worth $300.

Away credit. New cardmembers who apply by Jan. 15, 2020, can earn statement credits of up to $100 after making a purchase such as a suitcase or weekender bag from Away — a company that sells its travel gear online directly to consumers and aims to offer better prices than you might be able to find when shopping big-name brands in retail stores.

Baggage insurance plan. When you buy your ticket using this card, you can get coverage of up to $1,250 for carry-on baggage and up to $500 for checked baggage. Terms apply.

Where the American Express® Green Card falls short

Annual fee. The American Express® Green Card has an annual fee of $150. This is a bit more than many mid-level travel cards, which tend to charge annual fees of around $95. However, it’s worth noting that $150 annual fee for the American Express® Green Card is less expensive than premium travel cards such as The Platinum Card® from American Express, which charges an annual fee of $550.

The Platinum Card® from American Express

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The Platinum Card® from American Express

Annual fee
$550
Rewards Rate
5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel and 5X Membership Rewards® points on prepaid hotels booked on amextravel.com.
Credit required
excellent-credit

Excellent

Compare it with the American Express® Gold Card

Another American Express card that serves consumers who like to travel and dine out is the American Express® Gold Card. While the annual fee of $250 is a bit more costly than the American Express® Green Card, some cardholders might find the rewards and annual credits worth the expense. Here’s how the cards compare:

 American Express® Green CardAmerican Express® Gold Card
Welcome offerEarn 30,000 Membership Rewards® points after you spend $2,000 on purchases on your new Card in your first 3 months.35,000 Membership Rewards® Points after you spend $4,000 on eligible purchases with your new Card within the first 3 months.
RewardsEarn 3X Membership Rewards® points on all eligible travel, from subway swipes and window seats to hotel stays and city tours.3X Membership Rewards® points for flights booked directly with airlines or on amextravel.com and 4X points at restaurants worldwide and U.S. supermarkets (on up to $25,000 per year in purchases, then 1X).
Regular purchase APRSee Rates & FeesSee Rates & Fees
Annual fee$150$250
Foreign transaction feeNoneNone

For annual statement credits, the American Express® Gold Card offers the following:

Airline fee credit of up to $100. You can choose one qualifying airline per calendar year and receive up to $100 in statement credits to go toward incidental fees.

Dining credit of up to $120. You can earn up to $10 in statement credits each month for an annual savings of up to $120 when you pay with this card at Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Boxed, and participating Shake Shack locations.

American Express® Gold Card

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American Express® Gold Card

Annual fee
$250
Rewards Rate
3X Membership Rewards® points for flights booked directly with airlines or on amextravel.com and 4X points at restaurants worldwide and U.S. supermarkets (on up to $25,000 per year in purchases, then 1X).
Credit required
good-credit
Excellent/Good

Before factoring in the cards’ annual fees, you can save up to $220 each year from the American Express® Gold Card’s statement credits and up to $200 each year from the American Express® Green Card’s statement credits. Which one is better just depends whether you value credits that go toward incidental airline fees and dining purchases or credits that go toward airport security and airport lounge access. The statement credits effectively reduce the American Express® Gold Card’s annual fee to $30, while the American Express® Green Card’s statement credits can more than recoup the cost of the card’s annual fee, but leaves you to pay $79 a year to make up the yearly price of a CLEAR membership.

Read: Best Travel Credit Cards

When it comes to rewards, the American Express® Gold Card has a higher earning rate per $1 spent on dining than the American Express® Green Card. It also offers U.S. supermarkets as a rewards category, which the American Express® Green Card does not. However, the American Express® Green Card rewards a much broader category of travel purchases than the American Express® Gold Card.

The bottom line

So, is it worth having the American Express® Green Card? If you travel and dine out frequently, it’s a good choice. The annual fee is slightly more expensive than cards such as the Chase Sapphire Preferred® Card (with an annual fee of $95) and the Capital One® Venture® Rewards Credit Card (with an annual fee of $0 intro for first year; $95 after that), but it offers strong value in its ongoing rewards and in its annual credits.

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.

Glen Luke Flanagan
Glen Luke Flanagan |

Glen Luke Flanagan is a writer at MagnifyMoney. You can email Glen Luke here

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Credit Cards, Reviews

American Express Gold Card: Good Travel Rewards for a Fee

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners. This site may be compensated through a credit card partnership.

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The American Express® Gold Card is an upgraded American Express charge card without a pre-set spending limit. It’s also a card that rewards cardholders with American Express Membership Rewards® Points for airfare, dining, gas, and grocery spending.

A charge card is one that you need to pay off completely each billing cycle, so there’s no interest. However, since there’s no pre-set spending limit either, you need to keep an eagle eye on spending activity to make sure you can pay off the statement in full at month’s end. Making a late payment can cause you to forfeit Membership Reward points earned during that billing cycle.

In this post, we’ll discuss the American Express® Gold Card terms and how to redeem points. Keep reading for an overview on:

  • American Express® Gold Card basics
  • How to redeem Membership Rewards points earned
  • The fine print details
  • The benefits and protections
  • The pros and cons

The basics of the American Express® Gold Card

3X Membership Rewards® points for flights booked directly with airlines or on amextravel.com and 4X points at restaurants worldwide and U.S. supermarkets (on up to $25,000 per year in purchases, then 1X).

$100 airline fee credit.

You can get up to $100 airline fee credit on your statement each calendar year to cover incidentals charged by an airline of your choosing. Qualifying incidentals are charges separate from your airline ticket like baggage fees and not ticket upgrades.

American Express® Gold Card

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American Express® Gold Card

Annual fee
$250
Rewards Rate
3X Membership Rewards® points for flights booked directly with airlines or on amextravel.com and 4X points at restaurants worldwide and U.S. supermarkets (on up to $25,000 per year in purchases, then 1X).
Credit required
good-credit
Excellent/Good

How to redeem Membership Rewards® Points earned

Through Membership Rewards®, cardholders can transfer points to participating travel and lodging loyalty programs or redeem points for travel bookings, gift cards, statement credits, and other rewards. The value of your points varies depending on how you choose to use them.

Flights, hotels, and vacations

You can pay with points for flights, hotels, and vacations on the American Express Travel site. Using points for flights offers excellent value.

Here’s the point value breakdown on travel and accommodations:

  • Flights: $10 per 1,000 points
  • Hotels, cruises, and vacation packages: $7 per 1,000 points

Transferring your Membership Rewards® Points

If you choose to transfer your points to another program, generally, 1,000 Membership Rewards® Points will transfer as 1,000 miles, points, or credits.

However, transfers that have a different value include (as of the publication date of this article):

  • British Airways and Iberia: 250 Membership Rewards points = 200 Avios
  • El AL Israel Airlines: 1,000 Membership Rewards points = 20 Matmid points
  • Hilton: 1,000 Membership Rewards points = 1,500 HHonors points
  • JetBlue Airways: 250 Membership Rewards points = 200 JetBlue TrueBlue points
  • Starwood Preferred Guest: 1,000 Membership Rewards points = 333 Starpoints
  • Virgin America: 200 Membership Rewards points = 100 Elevate points

Occasionally, there are transfer specials for participating loyalty programs.

Statement credit and gift cards

Using points to put a dent in your credit card bill won’t be the best use of your points. 1,000 points equals just $6 in a statement credit.

Several of the gift cards through Membership Rewards® will give you more in cash value. For example, 1,000 points can get you a $10 gift card at restaurants, retail stores, and hotels including:

  • Hyatt Hotels and Resorts
  • Mandalay Bay Resort & Casino
  • Maggiano’s Little Italy
  • Seasons 52
  • Banana Republic
  • Crate and Barrel

There’s an entire list of the redemption values for gift cards on the Membership Rewards® site.

Other rewards

Using points for shopping, charitable donations, and entertainment are other redemption options. But, again, these options won’t give you as much value for your points as redeeming for flights and gift cards.

The value of 1,000 points ranges from $5 to $7 when shopping at retailers through Membership Rewards® or at Ticketmaster, Amazon.com, BestBuy.com, or Newegg.com.

The fine print

The American Express® Gold Card has an annual fee of $250. If you spend a lot of money on the card, the fee can be worthwhile. However, if you don’t spend a lot, you might want to consider a no fee option.

In addition – when you transfer points to a U.S. frequent flyer program, there’s a $0.0006 fee charged per point to compensate for the federal excise tax. Although this fee has a lot of zeros in it, the cost may still be impactful if you’re transferring a lot of points. For instance, 100,000 points transferred will cost you $60.

On the plus side, this card has no foreign transaction fee.

Benefits and protections

Car Rental Loss and Damage Insurance

If you pay for a qualifying car rental with your American Express® Gold Card, the rental car is covered against damage and theft after declining the collision damage waiver. Rentals that won’t qualify for coverage are trucks, off-road vehicles, full-size sport vehicles, and exotic cars.

Purchase Protection

If an item you purchase is lost, stolen, or damaged within 90 days of purchase, you may be reimbursed for it.

Pros and cons

Pro: 3X points on travel. If you fly often for work or play, this card rewards you well each time you use it.

Con: The fee. The biggest con here is the annual fee. But, since there are several ways you can earn points in the 3X and 2X categories, you may be able to easily cover this fee throughout the year.

Pro: Membership Rewards. This card is enrolled in the Membership Rewards® Points program and gives you many options for point redemption. The Membership Rewards® site is also incredibly easy to navigate, and there’s no ambiguity in point value. The rewards portal shows examples of exactly what your points are worth for each redemption option.

Con: The fee to transfer points. The ability to transfer points to another program is a pro, but being charged for U.S. frequent flyer program transfers is a tiny gotcha in the fine print.

Pro: No foreign transaction fees. One area in the fees where you do catch a break is with foreign transaction fees. This aspect of the card is fitting since it’s one that rewards you for planning travel.

Who will benefit most from the American Express® Gold Card?

Your ability to earn enough points to surpass the fee will determine whether this is a good card for you.

And if you’re shopping around for a rewards program that will give you the most value for travel, Chase Ultimate Rewards® is an option you should compare to American Express Membership Rewards®.

The Chase Sapphire Preferred® Card*, in particular, is part of the Chase Ultimate Rewards® program and allows you to transfer points to other travel partners as well. Plus, it has an offer that gives 1.25 cents per point for travel. This is slightly more value than what you get for flights with American Express Membership Rewards® since 1,000 points per $10 works out to 1 cent per point.

Before signing up for any rewards card, you should do this type of comparison shopping to figure out which offer will give you the most value for your spending habits.

*The information related to Chase Sapphire Preferred® Card has been collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

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.

Taylor Gordon
Taylor Gordon |

Taylor Gordon is a writer at MagnifyMoney. You can email Taylor here