PNC Bank

Overview / Commentary

www.pnc.com

888-762-2265

300 Fifth Ave.
Pittsburgh, PA 15222

PNC Bank originated in 1852 and is now the sixth-largest commercial bank in the nation by consolidated assets, according to the Federal Reserve. The bank is a coast-to-coast franchise in 30 markets, with about 2,300 branches and 60,000 PNC and partner ATMs.

If you want a full suite of personal banking products and services, PNC Bank can be a good option. You can access checking, savings, certificates of deposit (CDs) and more.

PNC Bank offers a Virtual Wallet that combines checking and savings accounts with digital tools for managing your money. With qualifying direct deposits, the monthly service fee is waived on the checking account, and you’ll be eligible for a relationship rate on the savings account. That annual percentage yield (APY) is 4.00% on balances over $1.

The bank’s high-yield savings account has an APY of 4.65%, but it's only available in eligible markets or at select PNC locations. You’ll pay no monthly service fees, and the account has no minimum initial deposit or balance requirements.

CD options include terms from seven days to 10 years, with a minimum deposit of $1,000. The bank offered a 4-month CD with an APY of 5.05% and a minimum deposit of $1,000, as of May 21, 2024. Availability may vary based on location, and the bank encourages people to schedule an appointment with a PNC specialist.

For personal banking customer service, call 888-762-2265 from 8 a.m. to 9 p.m. Eastern time Monday through Friday or 8 a.m. to 5 p.m. ET Saturday and Sunday. You can also visit a branch for support.

PNC Bank pros and cons

Pros:
• Large branch network
• Robust digital banking capabilities, including the Virtual Wallet
• High-yield savings account with a competitive rate (Note: not available in all markets)

Cons:
• Services are not available nationwide
• Product availability varies by PNC location
• CDs must be opened by appointment

View all posts from:

2023
2022
2020
Earlier

5/19 - PNC High Yield Savings Ticks Up To 4.50% APY
4/27 - PNC High Yield Savings 4.30%
2/21 - PNC MONEY MARKET 4.25% APY

12/15 - PNC Bank Joins The 4% Club
12/13 - PNC High Yield Savings/Virtual Wallet At 4% APY
11/23 - Rate Increase - 3.50% APY High Yield Savings And Virtual Wallet Growth
11/2 - PNC High Yield Savings At 3.20%
10/31 - PNC 2.47% (2.50% APY) 13 Month CD - Ex-BBVA Locations
9/21 - PNC High Yield Savings At 1.80%

12/2 - PNC Rate Drop For Out Of Area Customers

Reviews (143)

Ethically Done

Posted by: Florence50 | May 16, 2024

Apparently I have been married for 5years and I had three kids for my husband but he always came home late often and claimed he was busy late at the office, I just had access to his Facebook,Instagram,Snapchat,whatsapp and text messages and found out he was sleeping with my friend from work. It’s obvious life gets at you fast! I’m glad I knew this as soon as possible all thanks to Thomas never ever fail me Contact him on tomcyberghost@ gm ail. com Text,Call and WhatsApp +1(404) 941-6785

Comment

Horrible Name Change Process

Posted by: KGScallaghan | Oct 16, 2024

I got married over the summer and wanted to update my name on my account. I live three hours from the nearest branch so called to initiate the change. They said I'd have to do it by mail and they would send me a packet to complete and return. I completed the forms in the packet but found there was no return envelope and no instructions on where to send the packet back to. I called Customer Service while I waited 30 minutes for them to look up an address. Mailed the packet in with all required documentation, then received a letter back stating they could not initiate the name change with no explanation as to why.

I then tried to connect a new joint account to be able to transfer funds, entered the amounts of the two small test deposits, got it approved, then was notified PNC shut down the connection the next day.

I got fed up and closed my account right then. Closing the account was the easiest interaction with them I had during my entire time with them ?????

Comment

Started Charging Me Random Fees

Posted by: coast55 | Jan 15, 2023

I banked with them off and on for over 12 years. My latest experience is the last I will ever have with this bank. I opened an account and it received direct deposits for several months before I switched jobs and the direct deposits stopped. There was over $9000 sitting in the account at that point and the account had no activity on it but it met the minimum to avoid fees. So they started charging $3 a month for 'scanned check fee'. I saw 4 of those on my statement, then a $5 charge for the same thing. When I saw this I freaked out and thought there was fraudulent activity on my account, but the only activity was the charge for these 'scanned checks'. Now keep in mind there was not one single check written on this account. These garbage fees showed up with no notice. Long story short, I contacted the bank and customer service was useless. I went to a branch and the branch manager actually shrugged at me and said 'the computer is not letting me reverse the charges'. Oh. Well, Tee-hee, isn't that adorable? What customer wouldn't be satisfied with that? Are you kidding me? So I closed the account and filed a complaint with the regulating agency of this bank. Oh, now they want to talk to me. Some wonk called me and the first thing I here is 'this is a recorded line'. So hung up on that, get an email about 'resolving this issue'. I said the resolution is to refund me the $17 that was taken out in junk fees for a service not disclosed and certainly not actually used since no checks were written on this account. I finally got my $17. Yes, it is a small amount but it is MY money. Do not just roll over when a bank starts in with junk fees. If nothing else, complain to as many regulators, BBB, State Attorney, whatever to cost them way more in lost man hours answering the complaints regarding $17. If they know people will fight them tooth and nail when they raid our accounts, they will stop doing it. There are so many class action lawsuits that spring from situations like this. No bank wants to be on the radar screen of a regulating agency for engaging in grift and junk fees. I will never do business with this bank again.

Comment

Contact For Money Recovery

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My bitcoin wallet was compromised few days back which resulted to me losing a huge sum of money I got depressed with no luck at sight until I read reviews about an amazing and legit fund recovery team at (wisetechhack@ gmail .com) who retrieved my stolen money completely. This is the real deal

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Health

B+

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	6384
Year Established	1804
Employees	54974
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.07%
Return on Equity - YTD	11.84%
Annual Interest Income	$13.01B

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$552.5B$554.1B
Loans	Q2 2024vs Q2 2023	$317.8B$317.9B
Deposits	Q2 2024vs Q2 2023	$423.2B$434.9B
Equity Capital	Q2 2024vs Q2 2023	$51.37B$46.79B
Loan Loss Allowance	Q2 2024vs Q2 2023	$4.64B$4.74B
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$3.21B$2.68B
Real Estate Owned	Q2 2024vs Q2 2023	$28.8MM$29.8MM

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not PNC Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

PNC Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
4.15%^†	$0	-	PNC High Yield Savings
0.03%^*^†	$2.5k^*	-	Standard Savings with PNC checking
OTHER TIERS: 0.02% → $1 - $2.5k
0.01%^†	$1	-	S is for Savings
0.01%^†	$1	-	Standard Savings

PNC Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%^*^†	$100k^*	-	Premiere Money Market Account with Performance Select Checking
OTHER TIERS: 0.04% → $1 - $100k
0.04%^*^†	$1m^*	-	Premiere Money Market Account with Performance Checking
OTHER TIERS: 0.03% → $1 - $1m
0.02%^†	$1	-	Premiere Money Market Account

PNC Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
4.15%^†	$0	-	Virtual Wallet® Checking Pro
0.05%^*^†	$100k^*	-	Virtual Wallet - Growth w/ Performance Select Relationship Rate
OTHER TIERS: 0.04% → $1 - $100k
0.04%^*^†	$1m^*	-	Virtual Wallet - Growth w/ Performance Spend Relationship Rate
OTHER TIERS: 0.03% → $1 - $1m
0.03%^*^†	$2.5k^*	-	Virtual Wallet - Growth Relationship Rate
OTHER TIERS: 0.02% → $1 - $2.5k
0.03%^*^†	$2.5k^*	-	Virtual Wallet Student - Growth Relationship Rate
OTHER TIERS: 0.02% → $1 - $2.5k
0.01%^†	$1	-	Virtual Wallet - Growth Standard Rate
0.01%^†	$1	-	Virtual Wallet - Growth w/ Performance Select Standard Rate
0.01%^†	$1	-	Virtual Wallet - Growth w/ Performance Spend Standard Rate
0.01%^†	$1	-	Virtual Wallet - Reserve
0.01%^†	$2k	-	Virtual Wallet w/ Performance Spend
0.01%^†	$1	-	Virtual Wallet w/ Performance Spend - Reserve
0.01%^†	$1	-	Virtual Wallet w/ Performance Select - Reserve
0.01%^†	$2k	-	Virtual Wallet w/ Performance Select
0.01%^†	$1	-	Virtual Wallet Student - Reserve
0.01%^†	$1	-	Virtual Wallet Student - Growth Standard Rate
0.01%^†	$0	-	Virtual Wallet® - Spend

PNC Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.30%^†	$1k	-	4 Month Fixed Term CD Special
3.80%^†	$1k	-	7 Month Fixed Term CD Special
2.60%^†	$1k	-	61 Month Fixed Term CD Special
2.40%^†	$1k	-	37 Month Fixed Term CD Special
2.20%^†	$1k	-	25 Month Fixed Term CD Special
2.10%^†	$1k	-	19 Month Fixed Term CD Special
2.00%^†	$1k	-	13 Month Fixed Term CD Special
0.05%^†	$1k	-	9 Month Fixed Term CD Special
0.03%^*^†	$25k^*	-	1 Month CD
OTHER TIERS: 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	3 Month CD
OTHER TIERS: 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	6 Month CD
OTHER TIERS: 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	12 Month CD
OTHER TIERS: 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	18 Month CD
OTHER TIERS: 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	24 Month CD
OTHER TIERS: 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	36 Month CD
OTHER TIERS: 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	48 Month CD
OTHER TIERS: 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	60 Month CD
OTHER TIERS: 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	84 Month CD
OTHER TIERS: 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	120 Month CD
OTHER TIERS: 0.02% → $1k - $25k
0.02%^†	$1k	-	12 Month Ready Access CD

PNC Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.80%^†	$1k	-	7 Month Fixed Term IRA Special
2.60%^†	$1k	-	61 Month Fixed Term IRA Special
2.40%^†	$1k	-	37 Month Fixed Term IRA Special
2.20%^†	$1k	-	25 Month Fixed Term IRA Special
2.10%^†	$1k	-	17 Month Fixed Term IRA Special
2.00%^†	$1k	-	13 Month Fixed Term IRA Special
0.05%^†	$1k	-	9 Month Fixed Term IRA Special
0.03%^*^†	$25k^*	-	6 Month IRA
OTHER TIERS: 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	12 Month IRA
OTHER TIERS: 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	18 Month IRA
OTHER TIERS: 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	24 Month IRA
OTHER TIERS: 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	36 Month IRA
OTHER TIERS: 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	48 Month IRA
OTHER TIERS: 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	60 Month IRA
OTHER TIERS: 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	84 Month IRA
OTHER TIERS: 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	120 Month IRA
OTHER TIERS: 0.02% → $1k - $25k