January 10, 2024

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 their 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 a standard 0.01% APY and PNC High Yield Savings® has an impressive 4.65% APY across all balances.

  • PNC Standard Savings: $0 minimum to open with a $5 monthly service charge that can be waived and optional overdraft protection. Relationship rates are available.
  • 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 has a standard 0.01% APY on all balance tiers. It has no minimum opening deposit 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 18 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.

Account holders can also earn a slightly higher APY through relationship rates if they have a PNC checking account and meet certain criteria.

PNC High Yield Savings®

The PNC High Yield Savings® account offers a higher rate compared to the Standard Savings one. You can earn a 4.65% 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, AZ, CA, CO, CT, HI, ID, IA, KS, LA, MA, ME, MN, MS, MT, NE, NM, NV, NH, ND, OK, OR, RI, SD, TN, TX, UT, VT, WA, WV, WY, and in the greater Kansas City area of MO.

PNC Relationship Rates on Standard Savings

PNC offers Relationship Rates on Standard Savings which is a notch higher than the standard rate. There are two tiers with different relationship rates:[4]

  • $1.00 to $2,499.99
  • $2,500.00 and above

You must have a linked qualifying PNC Checking account and meet any of the following requirements to be eligible:

  • Perform 5+ PIN or signature point-of-sale transactions with your PNC Visa Debit/Credit Card.
  • Maintain $500 in direct deposits in a linked Standard Checking account.
  • Maintain $2,000 in direct deposits (or $1,000 for specific customers) in a linked Virtual Wallet with Performance Spend/Checking.
  • Maintain $5,000 in direct deposits in a linked Virtual Wallet with Performance Select/Select Checking, varying by account type.

Eligible PNC checking accounts include: Standard Checking, Performance Checking, Virtual Wallet® with Performance Spend, Performance Select Checking, or Virtual Wallet with Performance Select.

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


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


  • 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 or a high-yield one.

Standard Savings is best for those who have a PNC Checking account already. You can link it in order to waive fees and be eligible for relationship rates.

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 18 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.


  1. ^ PNC Bank. Consumer Schedule of Service Charges and Fees Standard Savings, Retrieved 11/08/2023
  2. ^ PNC Bank. Consumer Schedule of Service Charges and Fees PNC High Yield Savings, Retrieved 11/28/2023
  3. ^ PNC Bank. PNC High Yield Savings®, Retrieved 11/08/2023
  4. ^ PNC Deposit Rates. Relationship Rates with a PNC checking account, Retrieved 11/08/2023
Member FDIC

Chase Total Checking® - $300 Bonus

Expires 10/16/2024
  • New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
  • With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs.
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  • JPMorgan Chase Bank, N.A. Member FDIC
  • Open your account online now
  • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
  • 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*
Bank of America
Member FDIC

Bank of America Advantage Banking - $200 Bonus Offer

Expires 9/30/2024
  • The $200 bonus offer 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 9/30/2024.
  • To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
  • Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
  • Additional terms and conditions apply. See offer page for more details.
  • Bank of America, N.A. Member FDIC.
Discover Bank
Member FDIC

Discover® Online Savings - $200 Cash Bonus

Expires 9/12/2024

To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY624 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers, including co-branded, or affinity accounts. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/12/2024, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

CIT Bank
Member FDIC

CIT Bank Platinum Savings - 5.00% APY

  • 5.00% APY with a balance of $5,000 or more
  • 0.25% APY with a balance of less than $5,000
  • $100 minimum opening deposit
  • No monthly maintenance fee
  • 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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