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PNC Premiere Money Market account review

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ATM access and unlimited deposits but watch out for high monthly fees.

The PNC Premiere Money Market account is designed to help you save with mobile account access, unlimited deposits and a handy auto-deposit feature. But make sure you nail down what rate you qualify for before you apply — interest rates are tiered and vary by state.

Up to 0.05%


$12 per month



Minimum deposit to open


APY0.05% on balances of $10,000 to $1,000,000 Relationship rates with Performance Checking
0.02% on balances of $1 to $1,000,000
Fee$12 per month
To waive the fee$5,000 average monthly balance
Minimum deposit to open$100
Minimum balance to earn interest$1
Interest compoundingDaily
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

If you’re interested in online banking, ATM access and unlimited deposits to help your savings grow, the PNC Premiere Money Market account could be a suitable choice. Holding a PNC checking account may also help you secure a higher interest rate.

But interest rates are tiered and you’ll need to be ready with an opening deposit of at least $100 when you apply.

What are the benefits of a money market account with PNC?

Enjoy mobile banking and ATM access along with the following advantages:

  • Unlimited deposits. While the PNC Premiere Money Market account is limited to 6 transfers monthly, there’s no limit to the number of deposits you can make.
  • Auto Savings. Take advantage of PNC’s Auto Savings — an auto-deposit feature that transfers funds from a linked checking account to your money market account.
  • Online application. Complete the account application process entirely online and have your ATM card mailed to your door.
  • Relationship Rates. Secure a higher APY for your savings by owning a PNC checking account and meeting one of the following requirements:
  • Have $2,000 in direct deposits ($1,000 for WorkPlace or Military Banking customers) in a linked PNC Virtual Wallet with Performance Spend or Performance Checking during the previous month.
  • Have $5,000 in direct deposits in a linked PNC Virtual Wallet with Performance Select or Performance Select Checking during the previous month.
  • Make at least five PIN or signature point-of-sale transactions using your Visa debit or linked Visa credit card during the previous month.

What should I look out for?

In addition to tiered interest rates that vary by state, be wary of the following potential pitfalls:

  • $100 opening deposit. You’ll need an opening deposit of at least $100 to open the PNC Premiere Money Market account.
  • $12 monthly fee. Expect a $12 monthly maintenance fee unless you can maintain a monthly balance of $5,000 or more.
  • Tiered interest rates. To access the highest rates PNC has to offer, you’ll need a higher daily balance, with the best rates reserved for those with a Relationship Rate and balance of $1 million or more.
  • Limited transfers. Like many other savings products, the PNC Premiere Money Market account is limited to 6 transfers monthly. Exceeding this limit may result in your account being converted to a noninterest bearing checking account.

Pros not outweighing the cons? Research other providers to find the money market account with the best rates and features for your needs.

Compare money market accounts

Name Product Interest rates (APY) Fee Minimum deposit to open Interest earned More info
CIT Bank Savings Builder High Yield Savings Account

0.55% on $25,000+ or set up a direct deposit of $100+ each month
0.31% on $0 to $24,999
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No account opening or maintenance fees. Daily compounding interest. Earn one of the nation's top rates
CIT Bank Money Market
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A savings account with a higher-than-average rate and minimal fees.
Discover Money Market

0.50% on $100,000+
0.45% on $1 to $99,999
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This money market account offers a competitive APY.
UFB Direct Premium Money Market Account

0.40% on $25,000+
0.10% on $0 to $24,999.99
$10 per month
(can be waived)
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Enjoy the security and earning potential of a savings account while maintaining the flexibility to write checks.
BBVA Money Market

0.21% on $1,000,000+ for 3 months (0.20% after)
0.13% on $10,000 to $999,999.99 for 3 months (0.10% after)
0.05% on $0 to $10,000
$15 per month
(can be waived)
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Earn a promotional APY for your first 3 months and access your money by ATM, check or bill pay.

Compare up to 4 providers

How do I open an account?

  1. Go to PNC’s website and click Apply Now.
  2. Select the features you’d like to add to your account. Click Continue.
  3. Enter your full name, Social Security number, date of birth, email address, residential address and employment information. Click Continue.

Enter the bank account and routing number of the external account you’d like to use to fund your account. You’ll need to make a deposit of at least $100 to open your account.

Your PNC ATM card will arrive in the mail. In the meantime, log into your online account from your computer, tablet or mobile device to access your funds.


To be eligible for a PNC Premiere Money Market account, you’ll need to meet the following criteria:

  • Be a US citizen
  • Be at least 18 years old
  • Have a US residential address
  • Have a Social Security number
  • Have a valid bank account

Required information

Have the following information on hand before you begin the application process:

  • Primary home address
  • Valid email address
  • Valid phone number
  • Social Security number
  • Driver’s license or valid state ID
  • Bank account number and routing number of the account you plan to use to fund your account

How do I deposit or withdraw my money?

Access the funds of this money market account in four different ways:

  • Online deposit. Move funds electronically between your PNC account and an externally linked account.
  • Mobile check deposit. With the PNC mobile banking app, you can deposit funds directly to your account by snapping a photo of the check to be deposited.
  • ATM. Access your funds at over 9,000 surcharge-free PNC ATMs with your debit card.
  • In person. Visit a PNC bank branch during business hours to deposit or withdraw funds.

How can I get in touch with customer service?

You can reach out to the PNC customer support team 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. Log in to your online account on PNC’s website and fill out a secure online form for an email reply from customer service.
  • Social media. Post a comment or question to PNC’s Twitter account for a reply from the customer support team within one business day.

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