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PNC Bank Review 2022

Updated November 15, 2022
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At a glance

3.9
Rating: 3.9 stars out of 5
Bankrate Score
Caret Down

CDs

Rating: 2.8 stars out of 5

Checking

Rating: 4.3 stars out of 5

Savings

Rating: 5 stars out of 5

MMA

Rating: 2.4 stars out of 5

About Bankrate Score

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Overview

PNC stands out for its digital banking tools and offers competitive interest rates in some states. But if you don't live in those select states, you may want to bank elsewhere for a better rate.

Highlights

  • Digital Leader
  • Highly Rated App
Compare offers
Bank logo
Member FDIC
Savings Account
3.00
%
APY
Rating: 3.9 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
3.00
%
APY
Rating: 3.9 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
3.25
%
APY
Rating: 3.9 stars out of 5
$0
Min. balance for APY
View offer Arrow Right

Overall

PNC is a bank that offers a full suite of deposit products, with branches in parts of the Northeast, South, Midwest and on the West Coast. While the bank offers competitive rates to customers who live in certain states, those who live elsewhere earn yields below the national average.

Pros

  • Checkmark

    It boasts a competitive APY on its online-only savings account (only available in certain states).

  • Checkmark

    PNC supports more than 2,600 branches.

  • Checkmark

    The bank provides above-average digital banking features.

Cons

  • At $36, its overdraft fee is higher than average.

  • Navigating and comparing various bank products online can be difficult.

  • The High Yield Savings account is only available in certain states.

PNC Bank bank products

5.0
Rating: 5 stars out of 5
Bankrate Score

PNC Bank savings overview

PNC’s High Yield Savings account offers a competitive yield, and it doesn’t require a minimum opening deposit. The account isn’t tiered, and the minimum balance to start earning this APY is $1.

However, the account isn’t available in the 29 states where PNC offers branches, so not everyone will have access to the product. Customers who live in the states with PNC branches earn a much lower yield on its Standard Savings account.

Pros

  • Checkmark

    PNC High Yield Savings offers a top-tier APY in certain states.

  • Checkmark

    PNC High Yield Savings account comes with an ATM card.

  • Checkmark

    The High Yield Savings account doesn’t charge a monthly service charge.

Cons

  • Even with the PNC High Yield Savings account, there may be some higher APYs available.

  • The PNC High Yield Savings account isn’t available in all states.

Compare Offer
Bank logo
Member FDIC
Savings Account
3.00
%
APY
Rating: 3.9 stars out of 5
InfoHover for more
$0
Min balance for APY

Bank experience

PNC Bank offers branches in 28 states and the District of Columbia, and some of its deposit accounts can be opened online. The bank offers access to more than 2,600 branches.

In addition to providing standard digital banking services, PNC offers access to a Virtual Wallet tool that allows you to set up savings goals and view a calendar of upcoming bill payments and paydays. Also included is a color coded “Money Bar” that shows how much of your money is scheduled for bills and savings goals, as well as what’s available to be spent.

PNC customer service representatives can be reached by phone seven days a week. On weekdays, they’re available from 7 a.m. until 10 p.m. Eastern. On weekends, you can reach them from 8 a.m. until 5 p.m.

About PNC Bank

Founded as Pittsburgh Trust and Savings Co., PNC Bank is one of the largest banks operating in the U.S. It offers a full suite of retail, commercial and small-business products.

In 2008, it acquired the troubled Cleveland-based National City Corp. That transaction roughly doubled the bank’s size. In June 2021, PNC acquired BBVA USA. Nowadays, PNC supports around 2,700 branches from coast to coast.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.