PNC High Yield Savings review March 2021 |
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

PNC High Yield Savings account review

Last updated:  

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


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

Expert review

Shannon Terrell

Review by

Shannon Terrell is a writer for Finder who studied communications and English literature at the University of Toronto. On any given day, you can find her researching everything from equine financing and business loans to student debt refinancing and how to start a trust. She loves hot coffee, the smell of fresh books and discovering new ways to save her pennies.

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 Interest rates (APY) Fee Minimum deposit to open Interest earned
Aspiration Spend & Save Account
Finder Rating: 3.8 / 5: ★★★★★
Aspiration Spend & Save Account

1.00% on $0 to $10,000 but you’ll need to be enrolled in Aspiration Plus and make at least $1,000 in debit card purchases a month
$0 per month or $15 per month for Aspiration Plus ($12.50 per month if you pay annually)
Deposits are fossil fuel-free and insured by the FDIC. Enjoy a spend and save combo account with unlimited cash back rewards and a $100 bonus when you spend $1,000 in your first 60 days.
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.
CIT Bank Money Market
Finder Rating: 3.9 / 5: ★★★★★
CIT Bank Money Market
A savings account with a higher-than-average rate and minimal fees.
CIT Savings Connect
Finder Rating: 4 / 5: ★★★★★
CIT Savings Connect

0.50% on + If you deposit $200+ monthly into your eChecking account, otherwise 0.42%
CIT Savings Connect combines aspects of a checking and savings account in one product.
SoFi Money
Finder Rating: 4.3 / 5: ★★★★★
SoFi Money
SoFi Money® is a cash management account that charges no account fees to save, spend, and earn cash back rewards when you spend on brands you love.
CIT Bank Savings Builder High Yield Savings Account
Finder Rating: 4.3 / 5: ★★★★★
CIT Bank Savings Builder High Yield Savings Account

0.40% on $25,000+ or set up a direct deposit of $100+ each month
0.28% on $0 to $24,999
No account opening or maintenance fees. Daily compounding interest. Earn one of the nation's top rates

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.

Ask an expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site