PNC Bank CD rates

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PNC Bank offers a number of CDs with varying terms. The wide range of terms offered gives savers a lot of flexibility to meet their various short and longer-term savings goals. While you can earn higher rates for a higher balance, you can still find higher yields elsewhere.

PNC Bank earned 3 out of 5 stars in Bankrate’s review across its deposit products.

PNC CD rates

Let’s take a closer look at the fixed rate CDs that PNC offers in the chart below. Note that rates vary by location and ones listed below are based on rates in New York City.  The $1.00 – $999.99 tier is only for renewal.

1-month CD

Account Term Interest rate APY Balance required to earn interest
Fixed Rate CD 1 month 0.01% 0.01% $1-$999.99
Fixed rate CD 1 month 0.02% 0.02% $1,000-$24,999.99
Fixed rate CD 1 month 0.03% 0.03% $25,000+

3-month CDs

Account Term Interest rate APY Balance required to earn interest
Fixed Rate CD 3 months 0.01% 0.01% $1-$999.99
Fixed Rate CD 3 months 0.02% 0.02% $1,000-$24,999.99
Fixed Rate CD 3 months 0.03% 0.03% $25,000+

6-month CDs

Account Term Interest rate APY Balance required to earn interest
Fixed Rate CD 6 months 0.01% 0.01% $1.00-$999.99
Fixed Rate CD 6 months 0.02% 0.02% $1,000-$24,999.99
Fixed Rate CD 6 months 0.03% 0.03% $25,000+

12-month CDs

Account Term Interest rate APY Balance required to earn interest
Fixed Rate CD 12 months 0.01% 0.01% $1-$999.99
Fixed Rate CD 12 months 0.02% 0.02% $1,000-$24,999.99
Fixed Rate CD 12 months 0.04% 0.04% $25,000+

18-month CDs

Account Term Interest rate APY Balance required to earn interest
Fixed Rate CD 18 months 0.01% 0.01% $1-$999.99
Fixed Rate CD 18 months 0.02% 0.02% $1,000-$24,999.99
Fixed Rate CD 18 months 0.04% 0.04% $25,000+

24-month CDs

Account Term Interest rate APY Balance required to earn interest
Fixed Rate CD 24 months 0.01% 0.01% $1-$999.99
Fixed Rate CD 24 months 0.02% 0.01% $1,000-$24,999.99
Fixed Rate CD 24 months 0.04% 0.04% $25,000+

36-month CDs

Account Term Interest rate APY Balance required to earn interest
Fixed Rate CD 36 months 0.01% 0.01% $1-$999.99
Fixed Rate CD 36 months 0.02% 0.02% $1,000-$24,999.99
Fixed Rate CD 36 months 0.04% 0.04% $25,000+

48-month CDs

Account Term Interest rate APY Balance required to earn interest
Fixed Rate CD 48 months 0.01% 0.01% $1-$999.99
Fixed Rate CD 48 months 0.02% 0.02% $1,000-$24,999.99
Fixed Rate CD 48 months 0.04% 0.04% $25,000+

60-month CDs

Account Term Interest rate APY Balance required to earn interest
Fixed Rate CD 60 months 0.01% 0.01% $1-$999.99
Fixed Rate CD 60 months 0.02% 0.02% $1,000-$24,999.99
Fixed Rate CD 60 months 0.04% 0.04% $25,000+

84-month CDs

Account Term Interest rate APY Balance required to earn interest
Fixed Rate CD 84 months 0.01% 0.01% $1-$999.99
Fixed Rate CD 84 months 0.02% 0.02% $1,000-$24,999.99
Fixed Rate CD 84 months 0.04% 0.04% $25,000+

120-month CDs

Account Term Interest rate APY Balance required to earn interest
Fixed Rate CD 120 months 0.01% 0.01% $1-$999.99
Fixed Rate CD 120 months 0.02% 0.02% $1,000-$24,999.99
Fixed Rate CD 120 months 0.04% 0.04% $25,000+

Note: The APYs (Annual Percentage Yield) shown are as of Nov. 20, 2020. The APYs for some products may vary by region.

PNC also currently offers several promotional rates on CDs.

How PNC’s CD rates compare to top-yielding banks

PNC offers a variety of CD terms and and some of the bank’s terms offer decent rates. However, you can still find higher rates elsewhere. For example, Limelight Bank and Ally Bank offer much higher payouts on their 12-month CDs.

Be sure to compare CD rates at a number of banks before you decide where to keep your savings. By doing so, you can enjoy higher returns and meet your financial goals faster. Before making a decision, read the fine print to avoid any unwanted penalties or fees.

Other savings options at PNC

In addition to standard CDs, PNC Bank also offers ready access CDs, callable CDs, variable rate CDs, and stepped rate CDs.

With a ready access CD, you can access your funds any time after the initial seven calendar days. Callable CDs are ideal if you’d like above-market rates for a term of 36 months or 60 months; however, the bank can call back the CD.

If you opt for a variable rate CD, you can expect an 18-month term and a rate that increases if the 3-month Treasury Bill rates go up. Lastly, the bank’s stepped rate CD comes with a 36-month term and rate that climbs every six months.

PNC offers standard savings accounts, a high-interest savings account and money market accounts as well.