PNC Bank savings account rates


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 0.65% $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 Nov. 20, 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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