Updated April 27, 2025

PNC Savings Account Interest Rate

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Looking for a well-known bank with good savings rates? Check out these savings accounts from PNC Bank.

PNC Bank has several interest-bearing products in its lineup. This includes a Standard Savings account and its PNC High Yield Savings® account.

Each account offers a different rate and some unique features. Continue reading to learn the difference.


Does PNC Bank have a high-interest savings account?
Yes. PNC has a high-yield savings account called PNC High Yield Savings®. But, it's only available in specific states.

PNC Bank Savings Account Interest Rates

PNC offers two main savings accounts. Standard Savings has up to 0.03% APY and PNC High Yield Savings® has an impressive 3.3% APY across all balances.

  • PNC Standard Savings: $0 minimum to open online with a $5 monthly service charge that can be waived and optional overdraft protection.
  • PNC High Yield Savings®: has a high APY. $0 minimum to open with no monthly service fees and no minimum balance.

Let's go through the details of each account.

PNC Standard Savings

PNC's Standard Savings account offers an APY of up to 0.03%, depending on the balance.. It has no minimum opening deposit when opened online, but requires a balance of at least $1 to earn interest.

There's also a monthly service fee of $5 that can be waived if you meet any of the following:[1]

  • Maintain an average monthly balance of $300
  • Link to a select PNC Checking account
  • Set up monthly $25 auto savings transfers from your PNC Checking account
  • Are under 25 years old

The account comes with a free PNC banking card with no ATM fees at PNC or PNC Partner ATMs. You also get unlimited deposits and a maximum of 6 free withdrawals every month.

PNC High Yield Savings®

The PNC High Yield Savings® account offers a higher rate compared to the Standard Savings account. You can earn a 3.3% APY on all balance tiers. And, there is no minimum opening deposit and no monthly service fees either.[2]

You also get a debit card and ATM access with your PNC High Yield Savings® account.

So what's the catch? Unfortunately, this account is currently available in select locations only.[3]

PNC High Yield Savings® Availability
PNC High Yield Savings® is only available to residents of any of the following states: AK, AR, CT, HI, ID, IA, LA, ME, MN, MS, MT, NE, NV, NH, ND, OK, OR, RI, SD, UT, VT, WA, and WY.

How Much Can You Earn in a PNC Bank Savings Account?

Use this calculator to see just how much your money can grow with PNC Bank.

Savings Calculator

How likely are you to switch to a PNC Savings account for a higher interest rate?

Can You Lose Money with PNC Savings Accounts?

No, you can't really lose money with any of the savings accounts offered by PNC. They are a member of the FDIC (Cert #6384). Meaning, your deposits are insured up to $250,000 per depositor, per ownership category.

However, if you have a PNC Standard Savings account, the monthly $5 service fee can reduce your balance if you don't get it waived.

Pros and Cons

Pros

  • Competitive rate for PNC High Yield Savings®
  • $0 monthly fees for PNC High Yield Savings®
  • No opening deposit requirement
  • FDIC-insured

Cons

  • Low interest rate for Standard Savings
  • $5 monthly fee for Standard Savings
  • PNC High Yield Savings® is not available in all states

What feature is most important to you when choosing a savings account?

Should You Open a PNC Savings Account?

PNC is a good bank to check out if you're on the hunt for savings accounts. You can choose between a traditional savings account and a high-yield one.

Standard Savings is best for those who already have a PNC Checking account. You can link the account to waive fees.

PNC High Yield Savings, on the other hand, is ideal for people who are focused on making their money work harder. Just make sure to check if it is available in your state.

How to Open a PNC Bank Savings Account

You can open a Standard Savings account or a PNC High Yield Savings® account at a PNC Bank location and online.

Here's how to do it online:

  1. Go to PNC's Savings Products page
  2. Scroll to your preferred account and click Apply Now.
  3. Complete the application form with your personal information.
  4. Submit and fund your account.

Just make sure to check whether the account is available in your state or not!

How to fund PNC Bank Savings Account?
To fund your savings account, you can do electronic transfers from another bank account, send a wire (PNC Bank Routing Number: 043000096), or send a check to the following address: PNC Bank, P.O. Box 8108, Philadelphia, PA 19101-8101

You can also visit a PNC Financial Center to deposit cash or a check.

How PNC Bank Savings Compares

Other PNC Bank Savings Products

Here are other savings products offered by PNC Bank:

  • Virtual Wallet is both a checking account and a savings account in one that allows you to earn interest. This is best for those who want a one-stop shop for all their budgeting needs.

  • S is for Savings is designed for kids, allowing them to learn about managing finances early on. It also has no service charge for users under 25 years old.

Bottom Line

PNC Bank offers various savings products that can help you with your financial goals. Its Standard Savings has a low rate, but it's ideal for those who simply want to stow their funds in a safe place.

But if you want to make your money work harder, you can check if you're eligible to open a PNC High Yield Savings® account.

Ultimately, you have to choose an account that would suit you best.

References

Chase
Member FDIC

Chase Total Checking® - $400 Bonus

Expires 4/15/2026
  • New Chase checking customers can receive $400 when you open a Chase Total Checking® account and make direct deposits totaling $1,000 or more within 90 days of coupon enrollment.
  • Unlock more offers with Chase. Get up to $500 per calendar year by referring friends and family. Plus, get cash back from top brands with Chase Offers when you use your debit card.
  • Chase Total Checking® has a $15 monthly service fee, you can easily avoid the fee with direct deposits totaling $500 or more, or a minimum average daily balance each statement period.
  • Chase Overdraft Assist℠ – no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
  • Chase Mobile® app makes banking simple. Manage accounts, pay bills, send money to friends with Zelle® and deposit checks on the go with Chase Quick Deposit℠.
  • Chase has the largest branch network in the U.S. with thousands of ATMs and branches. Use the Chase locator tool to find a branch or ATM near you.
  • Chase helps keep your money protected with features like Zero Liability Protection, fraud monitoring and card lock.
  • Chase Total Checking includes FDIC insurance up to the maximum amount allowed by law.
Bank of America
Member FDIC

Bank of America Advantage Banking - Up to $500 Cash Offer

Expires 5/31/2026
  • The cash offer up to $500 is an online only offer and must be opened through the Bank of America promotional page.
  • The offer is for new checking customers only.
  • Offer expires 05/31/2026.
  • To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct Deposits received in the first 90 days.
    Cash BonusTotal Qualifying Direct Deposits
    $100$2,000
    $300$5,000
    $500$10,000+
  • If all requirements are met 90 days after account opening, Bank of America will attempt to deposit your bonus into your new eligible account within 60 days.
  • Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
  • Additional terms and conditions apply. See offer page for more details.
  • *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
  • Bank of America, N.A. Member FDIC.
Wells Fargo

Wells Fargo Everyday Checking Account - $325 Bonus

Expires 4/14/2026
  • Get a $325 new checking customer bonus when you open an Everyday Checking account and receive $1,000 or more in qualifying direct deposits.
  • Wells Fargo Bank, N.A. Member FDIC
U.S. Bank
Member FDIC

U.S. Bank Business Essentials - $400 Bonus

Expires 3/31/2026

Promo code Q1AFL26 MUST be used when opening a U.S. Bank Business Essentials® or Platinum Business Checking account. Limit of one bonus per business. A $100 minimum deposit is required to open one of the referenced accounts.

To earn a business checking bonus, open a qualifying U.S. Bank business checking account between 1/15/2026 and 3/31/2026. Make the required deposit(s) in new money within 30 days of account opening, maintain the same required daily balance through the 60th day, and complete 6 qualifying transactions based on posted date within 60 days of account opening.

Business Essentials: $400 bonus with $5,000 new money deposits, daily balance, and 6 qualifying transactions.

Qualifying transactions include debit card purchases, ACH and wire credits or debits, Zelle credits or debits, U.S. Bank Mobile Check Deposit, electronic or paper checks, Bill Pay (excluding payments made by credit card), and payment received via U.S. Bank Payment Solutions. Other transactions, such as person-to-person payments, credit card transfers, or transfers between U.S. Bank accounts, are not eligible.

New money is defined as funds from outside U.S. Bank and cannot be transferred from another U.S. Bank product or a U.S. Bank Affiliate. For accounts opened on non-business days, weekends or federal holidays, the open date is considered the next business day. Account fees may reduce the required daily balance during the qualifying period.

Bonus will be deposited into your new eligible U.S. Bank business checking account within 30 days after the month-end in which all offer requirements are met, provided the account remains open with a positive available balance.

Offer may not be combined with other business checking bonus offers. Existing businesses with a business checking account or had one closed within the past 12 months, do not qualify.

All regular account-opening procedures apply. For full checking account pricing, terms and policies, refer to your Business Pricing Information, Business Essentials Pricing Information, and YDAA disclosure. These documents are available at any U.S. Bank branch or by calling 800.872.2657.

Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes. Current U.S. Bank employees are not eligible. U.S. Bank reserves the right to withdraw this offer at any time without notice.
Member FDIC

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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

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