ableBanking VS Pacific National Bank

Which bank is better for you?

  • Financial Rates: 4.0 Star Icon
  • Customer Service: 2.5 Star Icon
  • Website Experience: 5.0 Star Icon
  • Bank Fees: 5.0 Star Icon
No Rate Information
Advertiser Disclosure
Star Icon Star Icon Star Icon Star Icon Star Icon

Pros:

  • Low opening required amounts
  • No monthly maintenance fees
  • Competitive interest rates on accounts
  • No set balance to earn highest rates

Cons:

  • Limited deposit accounts offered
  • Customer service not always available
  • Must link another bank account
  • No debit card offered for MMA
  • Financial Rates: 4.0 Star Icon
  • Customer Service: 5.0 Star Icon
  • Website Experience: 5.0 Star Icon
  • Bank Fees: 3.0 Star Icon
No Rate Information
Advertiser Disclosure
Star Icon Star Icon Star Icon Star Icon Star Icon

Pros:

  • Specific online-only accounts
  • Variety of other accounts offered
  • CDs have low required opening amounts
  • Online accounts offer competitive rates

Cons:

  • Large sums required to earn interest
  • High required initial deposit
  • In-branch accounts have tiered rates
  • Accounts have monthly fees
ableBanking Review

The ableBanking accounts have low opening required amounts. The money market account only requires $250 to open. The different CD terms each require $1,000 to open.

There are no monthly maintenance fees for the ableBanking money market account. The CDs have a fee if you withdraw money before the CD reaches maturity. Federal regulations allow six withdrawals from a money market account per month. There is a fee if you make more than six withdrawals.

The interest rates for ableBanking accounts are high. They are competitive with other online-only accounts. ableBanking interest rates are much higher than your typical brick and mortar rates.

Any balance in ableBanking accounts earns the highest interest rates offered. There is not a set amount required to keep in the account to earn the highest rates. There is not a required balance to keep in the accounts to avoid monthly fees.

ableBanking has limited personal deposit accounts available. The only accounts offered are a money market account and CDs. There are five different CD terms available. The terms range from a 6-month CD to a four-year CD. ableBanking does not offer checking accounts or business accounts.

ableBanking accounts are entirely online. There are no branch locations. Customer service has specific hours they are open. They are available Monday through Friday from 8 a.m. to 6 p.m. EST. On Saturday, they are open from 9 a.m. to 1 p.m. EST.

When you open an account with ableBanking, you must link an external bank account. You fund your ableBanking account from the external account. You cannot change the external account for the first 60 days. After that time, you may link a different account to the ableBanking money market account. You can only have one external account linked to your ableBanking account at a time.

The ableBanking money market account does not offer an ATM card. They do not have ATM locations where you can access your money. To withdraw money, you must make an electronic transfer into a linked account.

Read the full ableBanking review.

Pacific National Bank Review

Pacific National Bank offers specific online-only accounts. These accounts include a money market account and 12- month and 17-month CDs. The interest rates are competitive. These account rates are much higher than regular bank rates. The minimum amount required to open the money market account is $5,000. This is also the required balance to avoid a monthly fee. The CDs require $1,000 to open.

Along with online accounts, Pacific National Bank offers a variety of in-branch accounts. That includes personal deposit accounts and business accounts. Savings, checking, and money market accounts are available for personal and business accounts. CDs and lending options are also available.

Pacific National Bank CDs have low opening required amounts. Each of the CDs require $1,000 to open, including the online CDs. The only fee for CDs is withdrawing money before the maturity date.

The Pacific National Bank online accounts offer competitive interest rates. These account rates are competitive with other online-only accounts. These rates are much higher than the in-branch account rates. Online accounts are only offered to new customers to Pacific National Bank.

To earn the most competitive interest rates requires a large average balance. The in-branch and online MMA require $10,000 to earn the competitive interest rate. The checking account requires $2,500 to earn interest.

Accounts with Pacific National Bank have high opening required amounts. The interest earning checking account requires $2,500 to open. International customers require $7,000 to open the account. The money market account requires $5,000 for domestic customers. International customers must have $10,000 to open money market accounts.

Pacific National Bank accounts have tiered interest rates. To earn the most competitive rates requires a large balance in the accounts. The savings account requires a $50,000 balance to earn the most competitive rate. The money market accounts and the SuperNow checking require $1,000,000 for the highest rate. Amounts under these balances still earn interest, just not the most competitive rates.

Pacific National Bank accounts have monthly fees. The fees range from $10 to $25 each month. Waive the monthly fees by keeping a set amount in the accounts. Those amounts range from $500 to $5,000 depending on the account.

Read the full Pacific National Bank review.

Sponsored Offers
From Our Partners

Advertiser Disclosure
Sponsored Offers
American Express
Savings (Rate as of 10/11/2024)
APY 4.10%
Rate 4.02%
Min to Open $0
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC
Next >
Openbank
Savings (Rate as of 10/11/2024)
APY 5.25%
Rate 5.25%
Min to Open $500
Min to Earn APY $500
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC
Next >
Forbright Bank
Savings (Rate as of 10/11/2024)
APY 5.00%
Rate 5.00%
Min to Open $0
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC No account fees, unlimited transfers, better for the planet
Next >
Capital One
Savings (Rate as of 10/11/2024)
APY 4.10%
Rate 4.10%
Min to Open $0
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC It only takes about 5 minutes to open a fee-free account.
Next >
EverBank
Savings (Rate as of 10/11/2024)
APY 5.05%
Rate 4.92%
Min to Open $0
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC No monthly maintenance fee, $0 to open, easily grow your money
Next >
Western Alliance Bank
Savings (Rate as of 10/11/2024)
APY 5.01%
Rate 5.01%
Min to Open $500
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC
Next >
Barclays
Savings (Rate as of 10/11/2024)
APY 4.50%
Rate 4.50%
Min to Open $0
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC
Next >
BMO Alto
Savings (Rate as of 10/11/2024)
APY 4.60%
Rate 4.50%
Min to Open $0
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC
Next >
Sallie Mae
MMA (Rate as of 10/11/2024)
APY 4.20%
Rate 4.11%
Min to Open $0
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook Yes
Member FDIC
Next >
Poppy Bank
Savings (Rate as of 10/11/2024)
APY 5.00%
Rate 4.88%
Min to Open $1,000
Min to Earn APY $1,000
Monthly Fee $5.00
Min to Avoid Fee $0
Checkbook No
Member FDIC
Next >
Peak Bank
Savings (Rate as of 10/11/2024)
APY 5.07%
Rate 5.07%
Min to Open $100
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC
Next >
Betterment
Savings (Rate as of 10/11/2024)
APY 5.00%
Rate 5.00%
Min to Open $10
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
FDIC insured at program banks† var. APY a/o 9/20/24. New customers only. Betterment LLC, not a bank
Next >
CustomersBank
Savings (Rate as of 10/11/2024)
APY 4.73%
Rate 4.63%
Min to Open $25,000
Min to Earn APY $25,000
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC
Next >
Cash App
Savings (Rate as of 10/11/2024)
APY 4.50%
Rate 4.50%
Min to Open $0
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC In App
Next >
Live Oak Bank
Savings (Rate as of 10/11/2024)
APY 4.30%
Rate 4.21%
Min to Open $0
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC
Next >
Sallie Mae
Savings (Rate as of 10/11/2024)
APY 4.20%
Rate 4.11%
Min to Open $0
Min to Earn APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC
Next >