PNC Bank is a full-service bank that offers a variety of savings options for its customers. Depending on where you live, you can choose from a high-yield savings account or a standard savings account.
The bank’s high-yield savings account offers a competitive rate. The bank’s standard savings account rate, however, is lackluster. If you opt for the standard savings account and have a PNC checking account, you’ll enjoy higher rates than you would be able to get if you didn’t have a checking account. However, you can find much higher yields elsewhere.
PNC Bank earned 3 out of 5 stars in Bankrate’s review across its deposit products.
PNC savings accounts rates
Here’s a closer look at PNC savings accounts rates. Note that the rates listed below are for San Francisco and can vary depending on where you live.
| Account name | APY | Minimum balance to earn interest |
| PNC High Yield Savings | 0.50% | $1.00 + |
| Standard Savings | 0.01% | $1.00+ |
PNC also offers relationship rates on its standard savings account. You will get these rates if you also have a linked checking account and meet certain criteria.
| Account name | Interest rate | APY | Minimum balance to earn interest |
| Standard Savings with relationship rates | .02% | .02% | $1.00-$2,499.99 |
| Standard Savings with relationship rates | .03% | .03% | $2,500+ |
Note: The APYs (Annual Percentage Yield) shown are as of Dec. 18, 2020. The APYs for some products may vary by region.
How PNC’s savings account compare to top-yielding banks
If you choose a PNC standard savings account, you can expect rates that are generally comparable to those of standard savings accounts offered by other brick-and-mortar banks. However, these rates are low compared to what the leading online banks offer.
PNC’s high-yield savings account, however, is very competitive.
To find the ideal place to keep your savings, make sure to compare the best rates on savings accounts here. Doing a little bit of homework can help you meet your financial goals faster.
Other savings options at PNC
In addition to the standard savings account and high-yield savings account, PNC offers two other savings accounts. With a “S is for Savings” account, you can open a bank account for your child and teach him or her how to save money early in life. PNC also offers a Virtual Wallet, which is essentially a checking account and savings account all rolled into one.
PNC also offers money market accounts and CDs to help savers accomplish their short-term or longer-term savings goals.
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