Panama City may look like it’s a tourist town, but banks in this town know how to get down to business.
This city made our list of Best Cities to Bank in because of it’s high 1.37% APY average interest rate on deposit accounts. Panama CIty also has a great variety of banks to choose from with an amazing number of banks available to a smaller population.
What makes Panama City really stand out (other from it’s pristine beaches) is the five local banks of our list for a population of 36,000. That’s one of the best ratios for all cities on our list.
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