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 2022, it had grown to 59,691 employees at 2,627 locations. PNC Bank has an A health rating.

Rate Increase - 3.50% APY High Yield Savings And Virtual Wallet Growth - 11/23/2022

Effective 11/17/2022, PNC raised their HYS and Virtual Wallet Growth rate to 3.45% (3.50% APY). This rate is valid for existing customers who opened outside of the PNC footprint as well as new customers who don't live in a PNC state. Much lower rates apply to people in the PNC banking area (with a slightly higher rate for ex-BBVA footprint residents compared to the historic PNC East Coast market area).

PNC High Yield Savings At 3.20% - 11/2/2022

The high yield rate has gone up to 3.20% from 1.80%. Only available in states where PNC does not have branches, which has gotten bigger since they bought BBVA a while back.

PNC 2.47% (2.50% APY) 13 Month CD - Ex-BBVA Locations - 10/31/2022

This is a "special" CD in select markets (mostly BBVA ones from my search). Not available in the online market, although High Yield Savings is now at 2.18% (2.20% APY). In the native PNC market (Pennsylvania and surrounding states), rates are at the usual pathetic 0.10% or below.

View all posts from:

2022
2020
2019
Earlier

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

1/16 - PNC Ups Relationship Account Rates Again

Reviews (175)

Love PNC Bank

Posted by: rmanna376 | Oct 30, 2018

I had a few overdrafts on my account and I called and spoke to them and they refunded me a pretty good chunk of money when it was totally my fault and they didn’t have to. Thank You PNC!!

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.

Comment

PNC Review

Posted by: RichardaPort | Jun 27, 2022

They were slow in processing a transaction and vague on where the transaction was . Their fee on stopping a future payment was not appropriate. A person should have control over their own checking account without being charged a fee to stop a future payment.

Comment

Beoyond Reproach

Posted by: vs2022 | Oct 4, 2022

I have been a PNC customer for both personal and business banking for over 13 years.
I cannot comment on the personal side; On the business side, PNC is beyond reproach. I am quite livid with the degradation of quality of service and ability to execute, especially with their Pinnacle system.
A perfect example, and one of many, would be my request to close the pinnacle account.
I requested to have it closed 3 weeks ago. I had not heard back from anyone for 2 weeks, so I reached out to (1) ensure the process is being executed and (2) that I would not be charged for the following month's pinnacle system. I was asked to send an email to the individual processing the request last week. Today I find a $163.50 charge for the pinnacle system. Naturally I called the business support at which point the rep confirmed that I should not have been charged but gives me yet another email address to write requesting resolution for the charge.
Its a shame because it was a great bank until last year.
My accountant suspects PNC is under water and using customer funds to cover their cash flow. At first I thought it was a silly idea but with each interaction I am more convinced she is right. I do hope FRB, FDIC and SEC are going to look into PNC's practices. It seems that they are the BoA of 2022.

Comment

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Health

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	6384
Year Established	1804
Employees	59691
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.01%
Return on Equity - YTD	11.42%
Annual Interest Income	$6.15B

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$534.3B$454B
Loans	Q2 2022vs Q2 2021	$307.6B$232B
Deposits	Q2 2022vs Q2 2021	$447B$375.5B
Equity Capital	Q2 2022vs Q2 2021	$44.35B$46.39B
Loan Loss Allowance	Q2 2022vs Q2 2021	$4.46B$4.05B
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$2.88B$2.53B
Real Estate Owned	Q2 2022vs Q2 2021	$22.1MM$23.6MM

Rates

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Money Market
Checking
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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
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%^*^†	$1m^*	-	Premiere Money Market Account with Performance Select Checking
OTHER TIERS: 0.04% → $1 - $1m
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
2.20%^†	-	-	Virtual Wallet® Checking Pro
0.05%^*^†	$1m^*	-	Virtual Wallet - Growth w/ Performance Select Relationship Rate
OTHER TIERS: 0.04% → $1 - $1m
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®

PNC Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%^*^†	$25k^*	-	13 Month Fixed Term CD Special
OTHER TIERS: 0.01% → $1 - $1k \| 0.04% → $1k - $25k
0.04%^*^†	$25k^*	-	9 Month Fixed Term CD Special
OTHER TIERS: 0.01% → $1 - $1k \| 0.03% → $1k - $25k
0.04%^*^†	$25k^*	-	19 Month Fixed Term CD Special
OTHER TIERS: 0.01% → $1 - $1k \| 0.03% → $1k - $25k
0.04%^*^†	$25k^*	-	25 Month Fixed Term CD Special
OTHER TIERS: 0.01% → $1 - $1k \| 0.03% → $1k - $25k
0.04%^*^†	$25k^*	-	37 Month Fixed Term CD Special
OTHER TIERS: 0.01% → $1 - $1k \| 0.03% → $1k - $25k
0.04%^*^†	$25k^*	-	61 Month Fixed Term CD Special
OTHER TIERS: 0.01% → $1 - $1k \| 0.03% → $1k - $25k
0.03%^*^†	$25k^*	-	1 Month CD
OTHER TIERS: 0.01% → $1 - $1k \| 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	3 Month CD
OTHER TIERS: 0.01% → $1 - $1k \| 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	6 Month CD
OTHER TIERS: 0.01% → $1 - $1k \| 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	12 Month CD
OTHER TIERS: 0.01% → $1 - $1k \| 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	18 Month CD
OTHER TIERS: 0.01% → $1 - $1k \| 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	24 Month CD
OTHER TIERS: 0.01% → $1 - $1k \| 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	36 Month CD
OTHER TIERS: 0.01% → $1 - $1k \| 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	48 Month CD
OTHER TIERS: 0.01% → $1 - $1k \| 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	60 Month CD
OTHER TIERS: 0.01% → $1 - $1k \| 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	84 Month CD
OTHER TIERS: 0.01% → $1 - $1k \| 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	120 Month CD
OTHER TIERS: 0.01% → $1 - $1k \| 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
0.05%^*^†	$25k^*	-	13 Month Fixed Term IRA Special
OTHER TIERS: 0.01% → $1 - $1k \| 0.04% → $1k - $25k
0.04%^*^†	$25k^*	-	9 Month Fixed Term IRA Special
OTHER TIERS: 0.01% → $1 - $1k \| 0.03% → $1k - $25k
0.04%^*^†	$25k^*	-	17 Month Fixed Term IRA Special
OTHER TIERS: 0.01% → $1 - $1k \| 0.03% → $1k - $25k
0.04%^*^†	$25k^*	-	25 Month Fixed Term IRA Special
OTHER TIERS: 0.01% → $1 - $1k \| 0.03% → $1k - $25k
0.04%^*^†	$25k^*	-	37 Month Fixed Term IRA Special
OTHER TIERS: 0.01% → $1 - $1k \| 0.03% → $1k - $25k
0.04%^*^†	$25k^*	-	61 Month Fixed Term IRA Special
OTHER TIERS: 0.01% → $1 - $1k \| 0.03% → $1k - $25k
0.03%^*^†	$25k^*	-	6 Month IRA
OTHER TIERS: 0.01% → $1 - $1k \| 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	12 Month IRA
OTHER TIERS: 0.01% → $1 - $1k \| 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	18 Month IRA
OTHER TIERS: 0.01% → $1 - $1k \| 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	24 Month IRA
OTHER TIERS: 0.01% → $1 - $1k \| 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	36 Month IRA
OTHER TIERS: 0.01% → $1 - $1k \| 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	48 Month IRA
OTHER TIERS: 0.01% → $1 - $1k \| 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	60 Month IRA
OTHER TIERS: 0.01% → $1 - $1k \| 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	84 Month IRA
OTHER TIERS: 0.01% → $1 - $1k \| 0.02% → $1k - $25k
0.03%^*^†	$25k^*	-	120 Month IRA
OTHER TIERS: 0.01% → $1 - $1k \| 0.02% → $1k - $25k