PNC Bank

Overview / Commentary

www.pnc.com

888-PNC-BANK

222 Delaware Ave
Wilmington, DE 19801

PNC Bank is headquartered in WILMINGTON and is the largest bank in the state of Delaware. It is also the 6^th largest bank in the nation. It was established in 1804 and as of June of 2023, it had grown to 59,023 employees at 2,453 locations. PNC Bank's savings rates are 9X the national average, and it has a B health rating.

PNC High Yield Savings Ticks Up To 4.50% APY - 5/19/2023

Effective May 12, 2023. "Only available online in California, New Mexico, Colorado, Texas, Arizona, and West Virginia." The Virtual Wallet Growth rate for grandfathered customers remains at 4.00% APY The 9 month CD, in the Southern California market at least, is 4.60% APY. SO they are trying to stay competitive, for a big bank.

PNC High Yield Savings 4.30% - 4/27/2023

A good rate from a big bank. On the web site, it says only available in CA, NM, CO, TX, AZ, and WV. Virtual Wallet, available in non-PNC and ex-BBVA states, still at 4% for the growth savings account.

PNC MONEY MARKET 4.25% APY - 2/21/2023

PARADIGM SHIFT ...PNC PAYS INTEREST. Got a call from them about this and to set up a meeting. At the meeting he talked about everything but this until I brought it up. I signed up for the money market account and hooked it to my checking for overdraft protection.

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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 (229)

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Comment

PNC Worked Hard To Lose My Business

Posted by: proximus18 | May 28, 2018

I was a Virtual Wallet Performance Select customer for over 8 years and a number of failings on PNC's part, in a period of 2 months, has made me walk away. 1) If you are invited to join the Private Client program, be warned. It is just an aggressive marketing campaign. (fwiw .... I joined for the priority customer service number). I was receiving calls every 2-3 days to meet with an advisor. I was extraordinary polite .. telling him thank you for reaching out to me, but I don't need anything at this time, etc. After repeatedly asking for the calls to stop, I was told ..... "If the calls are too much of an inconvenience, we can get you opted out of the program". Guess What?! I have opted out of PNC. 2) Botched replacement of my credit card after fraudulent activity. Long story. 3) Changes to the branch. The drive-throughs are now closed. The inside teller windows are now closed. You are now required to go and sit at a desk in an enclosed office to perform any transaction. Of course, you are promoted to discuss other products you may want. Dear PNC, I just want the great service that you used to provide ... not constant in-my-face marketing.

Worse Bank Ever

Posted by: Samuel7759 | Aug 9, 2023

I got an equity line of credit from this dump. when time to pay out, they over nighted my check. I took it to my bank and found out that PNC had placed a 15 day hold on the check so I could not get any cash out for 15 days all while I am still paying interest on this money that I cannot use.
NOT recomended

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.

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Health

Data as of Q2 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	6384
Year Established	1804
Employees	59023
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.17%
Return on Equity - YTD	14.23%
Annual Interest Income	$11.55B

Assets and Liabilities
Assets	Q2 2023vs Q2 2022	$554.1B$534.3B
Loans	Q2 2023vs Q2 2022	$317.9B$307.6B
Deposits	Q2 2023vs Q2 2022	$434.9B$447B
Equity Capital	Q2 2023vs Q2 2022	$46.79B$44.35B
Loan Loss Allowance	Q2 2023vs Q2 2022	$4.74B$4.46B
Unbacked Noncurrent Loans	Q2 2023vs Q2 2022	$2.68B$2.88B
Real Estate Owned	Q2 2023vs Q2 2022	$29.8MM$22.1MM

Rates

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Money Market
Checking
CD
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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
4.65%^†	-	-	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
1.30%^*^†	$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
4.65%^†	-	-	Virtual Wallet® Checking Pro
1.30%^*^†	$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%	-	-	Virtual Wallet® - Spend

PNC Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.25%^*^†	$100k^*	-	4 Month Fixed Term CD Special
OTHER TIERS: 0.05% → $1k - $100k
4.75%^†	$1k	-	7 Month Fixed Term CD Special
2.00%^†	$1k	-	13 Month Fixed Term CD Special
2.00%^†	$1k	-	61 Month Fixed Term CD Special
1.75%^†	$1k	-	37 Month Fixed Term CD Special
1.50%^†	$1k	-	25 Month Fixed Term CD Special
1.25%^†	$1k	-	19 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
0.01%^†	$1k	-	3 Month Ready Access CD

PNC Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.75%^†	$1k	-	7 Month Fixed Term IRA Special
3.25%^†	$1k	-	9 Month Fixed Term IRA Special
2.00%^†	$1k	-	61 Month Fixed Term IRA Special
2.00%^†	$1k	-	13 Month Fixed Term IRA Special
1.75%^†	$1k	-	37 Month Fixed Term IRA Special
1.50%^†	$1k	-	25 Month Fixed Term IRA Special
1.25%^†	$1k	-	17 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