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Only available for residents of states where there are no PNC Bank branch locations, with some exceptions
Limited customer service hours
Highlights
Only available online or at PNC Solution Centers in KS, MA, MN, MO, or TN
Minimum account balance of $1 to earn APY
No monthly maintenance fee
No minimum opening deposit
Additional Reading
Read our review
The PNC High Yield Savings Account is an online account, and for the most part, it’s only available if you live in an area without PNC branches. However, you can also open an account in person if you visit a PNC Solutions Center in Kansas, Massachusetts, Minnesota, Missouri, or Tennessee.
The account pays 4.00%, which is impressive when compared to other high-yield savings accounts. If your goal is to earn a high interest rate, it’s a strong choice.
PNC Bank Standard Savings Account
Annual Percentage Yield (APY)
0.01% to 0.03%
Minimum Deposit Amount
$25
PNC Bank Standard Savings Account
Annual Percentage Yield (APY)
0.01% to 0.03%
Minimum Deposit Amount
$25
at PNC Bank’s secure site. PNC Bank, Member FDIC
PNC Bank Standard Savings Account
at PNC Bank’s secure site. PNC Bank, Member FDIC
Details
Annual Percentage Yield (APY)
0.01% to 0.03%
Minimum Deposit Amount
$25
Pros & Cons
$25 minimum opening deposit
Several ways to waive the monthly service fee
Low interest rate
$5 monthly service fee
Highlights
Branches in 29 states and Washington, DC
Earn a relationship rate when you link the account to a PNC checking account and meet one of the following criteria: Make at least 5 monthly transactions with your debit card or linked credit card, have $2k in monthly direct deposits in your Virtual Wallet with Performance Spend or Performance Checking, or have $5k in monthly direct deposits in your Virtual Wallet with Performance Select or Performance Select Checking
Access to about 9,200 PNC ATMs
Minimum account balance of $1 to earn APY
To waive the $5 monthly service fee, you must keep at least $300 in your account monthly, connect your savings account to a PNC checking account, set up a $25 Auto Savings transfer each month from a PNC checking account, OR be under 18 years of age
Interest compounded daily, deposited monthly
FDIC Insured
Additional Reading
Read our review
To open PNC Bank Standard Savings, you must live in an area with PNC branches. The account pays a low interest rate. You’ll earn a slightly higher rate if you link the account to a PNC checking account and meet some other requirements — but even this relationship rate is low.
The PNC High Yield Savings Account is an online account, and for the most part, it’s only available if you live in an area without PNC branches. However, you can also open an account in person if you visit a PNC Solutions Center in Kansas, Massachusetts, Minnesota, Missouri, or Tennessee.
The PNC Bank Virtual Wallet® is a digital hybrid account, which means it works as both a checking and savings account. In the savings bucket, called “Growth,” you’ll earn the same interest rate you’d be eligible for on a PNC savings account. For example, if you live in an area that qualifies you to open the high-yield savings account, your Growth APY would be 4.00%.
PNC also has the PNC S is for Savings® Account, which is for children and available in areas with PNC branches. It pays 0.01%.
Yes, it has the online-only PNC High Yield Savings℠ Account, which pays 4.00%. You can open this account online if you live in an area without PNC branches, or in person at a Kansas, Massachusetts, Minnesota, Missouri, or Tennessee PNC Solutions Center.
The main disadvantage is that offerings vary depending on where you live, which can be confusing and inconvenient. If you live in an area without branches, you qualify for savings accounts with high interest rates — but if you live near a branch, you’ll earn low rates.
Laura Grace Tarpley (she/her) is a personal finance reviews editor at Insider. She edits articles about mortgage rates, refinance rates, lenders, bank accounts, wealth building, and borrowing and savings tips for Personal Finance Insider. She was a writer and editor for Insider’s “The Road to Home” series, which won a Silver award from the National Associate of Real Estate Editors. She is also a Certified Educator in Personal Finance (CEPF). She has written about personal finance for over six years. Before joining the Insider team, she was a freelance finance writer for companies like SoFi and The Penny Hoarder, as well as an editor at FluentU. You can reach Laura Grace at [email protected] Learn more about how Personal Finance Insider chooses, rates, and covers financial products and services »
