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PNC High Yield Savings account review

Get a competitive 0.8% APY — but only if you live in an eligible state.’s rating: 4.4 / 5.0


The PNC High Yield Savings account offers a competitive interest rate, free incoming wire transfers, and no monthly fees. But account availability, monthly transfers, and customer support are limited.






Minimum deposit to open


Annual percentage yield (APY)0.80%
Minimum deposit to open$0
New account fee$0
Minimum balance to earn interest$1
Interest compoundingMonthly
Monthly transaction limit6
Fee per transaction over the limit$15
More info

More Info

Review by

Shannon Terrell is a senior writer for Finder who has written over 400 personal finance guides. With a focus on investments and personal finance, she breaks down jargon-laden topics to help others make informed financial decisions. She studied communications and English literature at the University of Toronto.

Expert review

The PNC High Yield Savings account is best for those looking for a high-interest rate account with minimal fees. You’ll earn a competitive 0.8% APY that’s currently among the highest in the industry. Plus, you’ll enjoy no monthly fees and free incoming wire transfers.

However, the account is only available in states without a PNC Bank branch. If you’re not eligible, the PNC Standard Savings account may be your next best option — but the perks aren’t nearly as good. There’s a $5 monthly fee you’ll need to avoid and the APY is only 0.01% to 0.03%.

How do I open a PNC savings account?

Open a PNC savings account in five easy steps:

  1. Go to the provider’s site and follow the steps to apply.
  2. From PNC’s website, verify that this account is available in your state by entering your ZIP code. If it is, click Apply Online.
  3. Enter your full name, date of birth, email address, home address, employment information and Social Security number. Click Continue.
  4. Enter the bank account and routing number of the external account you’d like to use to fund your account. Alternatively, you can use a credit card or debit card to fund your account.
  5. You can also choose to skip this step if you’d prefer to fund your account with a mobile check deposit after enrolling in PNC online banking. Make sure to fund your account within 60 days to avoid account closure.


Open a PNC savings account when you meet these requirements:

  • US citizen
  • At least 18 years old
  • US residential address in an eligible state
  • Social Security number

Required information

Have this information ready when you go to apply:

  • Primary home address
  • Valid email address
  • Valid phone number
  • Social Security number
  • Driver’s license or valid state ID

What are the benefits of a PNC High Yield Savings account?

    In addition to free account statements and incoming wire transfers, you’ll also get the following perks with a PNC savings account:
  • Competitive APY. The PNC High Yield Savings account offers a 0.8% APY on all balances over $1.
  • No minimum deposit. Open a savings account with PNC without an initial deposit, but expect to fund it within 60 days or you’ll face account closure.
  • No monthly fees. The high-yield savings account doesn’t come with any monthly fees, so your savings are free to grow.

What should I look out for?

PNC High Yield Savings has quite a few benefits, but it also has these potential downsides:

  • Limited availability. The PNC savings account is only available in states without a PNC bank branch.
  • Limited transfers. Like many other online savings accounts, the PNC high-yield account is limited to six withdrawals and deposits monthly. Exceeding this limit may result in your savings account being replaced with a PNC checking account.
  • Limited support. Since this account is only available in states without a PNC bank branch, customer support for this account is limited to email and phone correspondence.

Which states are eligible?

The PNC High Yield Savings account is only offered in states without a PNC branch. Enter your ZIP code into PNC’s website to find out if your state is eligible.

States without a PNC branch include:

  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Hawaii
  • Kansas
  • Louisiana
  • Maine
  • Massachusetts
  • Minnesota
  • Idaho
  • Iowa
  • New Hampshire
  • New Mexico
  • North Dakota
  • Oklahoma
  • Oregon
  • Mississippi
  • Montana
  • Nebraska
  • Nevada
  • Wyoming
  • Rhode Island
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Washington

If you prefer a high-interest account that’s available in your region, you’ll want to keep looking. As always compare other options when choosing a savings account.

Compare PNC Savings with other accounts

Enter your deposit amount to see how much interest you could with PNC Savings versus other accounts. Sort the table by features to find an account that’s right for you.

Name Product Annual percentage yield (APY) Fee Minimum deposit to open
Aspiration Spend & Save Account
Finder Rating: 4.2 / 5: ★★★★★
Aspiration Spend & Save Account
$0 per month or $7.99 per month for Aspiration Plus ($5.99 per month if you pay annually)
Deposits are fossil fuel-free. A spend and save combo account with unlimited cash back rewards and deposits insured by the FDIC and a $100 bonus when you spend $1,000 in your first 60 days.
BlockFi Interest Account
BlockFi Interest Account
Up to 8.25%
Score up to 8.25% APY with this free crypto-interest account. Not available in New York and not FDIC insured.
Axos Bank High Yield Savings
Finder Rating: 4 / 5: ★★★★★
Axos Bank High Yield Savings
No monthly maintenance fees. No minimum balance requirements. Interest compounded daily.
Gemini Earn
Gemini Earn
Up to 8.05%
Watch your cryptocurrency earn up to 8.05% APY with this nationwide account. Not FDIC insured.
American Express® High Yield Savings
Finder Rating: 4.6 / 5: ★★★★★
American Express® High Yield Savings
Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.
Nexo Earn
Nexo Earn
Up to 12.00%
This account accrues up to 12% APY on crypto, and interest gets deposited into your account on a daily basis. Not FDIC insured.

Compare up to 4 providers

How do I deposit or withdraw my money?

Access the funds within your PNC High Yield Savings account in two ways:

  • Online deposit. Transfer funds electronically between your PNC savings account and an externally linked account.
  • Mobile check deposit. Using the PNC mobile banking app for Android and iOS, deposit a check into your account using your mobile device.

How can I get in touch with customer service?

Customer support for the high-interest savings account is available in three ways:

  • Phone. Call 888-762-2265 on weekdays from 7 a.m. to 10 p.m. or Saturday and Sunday from 8 a.m. to 5 p.m. ET.
  • Email. From your online account on PNC’s website, fill out a secure online form for an email reply from customer service.
  • Social media. Reach out with a question on PNC’s Twitter account for a response from the customer support team.

Frequently asked questions

Savings account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.

Read the full methodology of how we rate savings accounts.

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