This account offers an impressive 2.35% APY — but only if you live in an eligible state.
Pittsburgh-based PNC Bank has a variety of savings products to choose from, including savings accounts, money market accounts, CDs and IRAs.
Its high-yield savings account offers high interest, free incoming wire transfers, and no monthly fees. But account availability, monthly transfers, and customer support are limited.
|Minimum deposit to open||$0|
|New account fee||$0|
|Minimum balance to earn interest||$1|
|Monthly transaction limit||6|
What are the benefits of a savings account with PNC?
- In addition to free account statements and incoming wire transfers, you’ll also get the following perks:
- High APY. The PNC High Yield Savings account offers a lofty 2.35% APY on all balances over $1 — among the highest on the market.
- 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?
- Limited availability. The PNC High Yield 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.
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:
- New Hampshire
- New Mexico
- North Dakota
- Rhode Island
- South Dakota
Compare with other savings accounts
How do I open an account?
- First, go to PNC Bank’s website to verify that this account is available in your state by entering your ZIP code. If it is, click Apply Online.
- Enter your full name, date of birth, email address, home address, employment information and Social Security number. Click Continue.
- 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.
- 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.
- Be a US citizen
- Be at least 18 years old
- Have a US residential address in an eligible state
- Have a Social Security number
- Primary home address
- Valid email address
- Valid phone number
- Social Security number
- Driver’s license or valid state ID
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.
The PNC High Yield Savings account offers an impressive 2.35% APY, no monthly fees and free incoming wire transfers. However, the account is only available in states without a PNC Bank branch.
Check out your options with other providers before you apply to make sure you get the account that’s right for your personal banking needs.