PNC Bank Review 2022
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Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
However, the account isn’t available in the 29 states where PNC offers branches, so not everyone will have access to the product. Customers who live in the states with PNC branches earn a much lower yield on its Standard Savings account.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
The 13-month CD, which is the CD term Bankrate scored, only requires $1,000 to open. However, you can find more competitive CD rates at a variety of other banks.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
Receiving $2,000 in qualifying direct deposits in the previous calendar month or making at least five debit card transactions with your Performance Select Checking account are examples of how to get a higher APY.
Only $100 is required to open this account at a branch, and no deposit is required to open it online. But you’ll need to keep at least $5,000 in this account, or link it to a PNC checking account, to avoid the monthly service fee.
The Premiere Money Market account comes with a PNC banking card that can be used at ATMs but not for debit purchases.
In addition to checks, a debit card is included with the Spend account, along with fee-free access to around 60,000 ATMs nationwide. The bank reimburses two of its own out-of-network ATM fees per statement cycle, as well as up to $5 in other banks’ ATM surcharges.
As part of its Virtual Wallet, PNC also offers a secondary, interest-bearing checking account called Reserve that bears nominal interest and does not require a minimum opening deposit or charge a monthly service fee.
The virtual wallet tool offers features like alerts if you’re low on cash to help you avoid overdrawing your account.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
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The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.Editorial disclosure
All reviews are prepared by our staff. Opinions expressed are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including any rates, terms and fees associated with financial products, presented in the review is accurate as of the date of publication. PNC BankPNC Bank Review 2022
Karen Bennett is a consumer banking reporter at Bankrate. She uses her finance writing background to help readers learn more about savings and checking accounts, CDs, and other financial matters. Updated November 10, 2022 Bankrate logoThe Bankrate promise
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At a glance
3.9 Bankrate Score CDs Checking Savings MMA About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.Overview
PNC stands out for its digital banking tools and offers competitive interest rates in some states. But if you don't live in those select states, you may want to bank elsewhere for a better rate.Highlights
Digital Leader Highly Rated App Compare offers Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.60 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsBask Bank
Member FDIC Savings Account Details 3.60 % APY Min balance for APY 0 Monthly Acct Fees. No Balance Cap to Earn APY.Overall
PNC is a bank that offers a full suite of deposit products, with branches in parts of the Northeast, South, Midwest and on the West Coast. While the bank offers competitive rates to customers who live in certain states, those who live elsewhere earn yields below the national average.Pros
It boasts a competitive APY on its online-only savings account (only available in certain states). PNC supports more than 2,600 branches. The bank provides above-average digital banking features.Cons
At $36, its overdraft fee is higher than average. Navigating and comparing various bank products online can be difficult. The High Yield Savings account is only available in certain states.PNC Bank bank products
Savings CD Money Market Checking 5.0 Bankrate ScorePNC Bank savings overview
PNC’s High Yield Savings account offers a competitive yield, and it doesn’t require a minimum opening deposit. The account isn’t tiered, and the minimum balance to start earning this APY is $1.However, the account isn’t available in the 29 states where PNC offers branches, so not everyone will have access to the product. Customers who live in the states with PNC branches earn a much lower yield on its Standard Savings account.
Pros
PNC High Yield Savings offers a top-tier APY in certain states. PNC High Yield Savings account comes with an ATM card. The High Yield Savings account doesn’t charge a monthly service charge.Cons
Even with the PNC High Yield Savings account, there may be some higher APYs available. The PNC High Yield Savings account isn’t available in all states. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min balance for APY Offer details Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. 2.8 Bankrate ScorePNC Bank CD overview
PNC Bank customers have access to a wide range of CD terms. However, all CDs can only be opened in branches and not online. In addition to traditional CDs, the bank offers Ready Access CDs, which allow you to withdraw the funds without penalty as soon as seven days after you open the account.The 13-month CD, which is the CD term Bankrate scored, only requires $1,000 to open. However, you can find more competitive CD rates at a variety of other banks.
Pros
Customers interested in CDs have many different term options. Ready Access CDs provide penalty-free access to the funds seven days after account opening. PNC’s CDs require a relatively low minimum deposit.Cons
All CD yields are low compared with what online banks offer. CDs can only be opened at branches, which aren’t available in every state. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC CD 4.10 % APY Info Bankrate CD rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. deposit Term Offer details Offer detailsCapital One
Member FDIC CD Details 4.10 % APY Min. deposit Term Get peace of mind with fixed rates and guaranteed returns. 2.4 Bankrate ScorePNC Bank money market overview
PNC’s Premiere Money Market Account is offered with a standard rate, as well as higher relationship rates for those who have additional accounts with PNC.Receiving $2,000 in qualifying direct deposits in the previous calendar month or making at least five debit card transactions with your Performance Select Checking account are examples of how to get a higher APY.
Only $100 is required to open this account at a branch, and no deposit is required to open it online. But you’ll need to keep at least $5,000 in this account, or link it to a PNC checking account, to avoid the monthly service fee.
The Premiere Money Market account comes with a PNC banking card that can be used at ATMs but not for debit purchases.
Pros
Only a $100 deposit is required to open an account in person, with no minimum deposit to open it online. An ATM card is available with this account.Cons
This account doesn’t support check-writing privileges. You can find higher yields elsewhere. A minimum deposit is needed to open this account at a branch, whereas some banks don’t require one. 4.3 Bankrate ScorePNC Bank checking overview
The Spend account is part of PNC’s Virtual Wallet, which is the bank’s digital money management tool. This non-interest-bearing account requires a minimum deposit of $25 to open at a branch and $0 to open online. The account’s $7 monthly maintenance fee can be avoided in several ways, including receiving at least $500 in direct deposits or being at least 62 years of age.In addition to checks, a debit card is included with the Spend account, along with fee-free access to around 60,000 ATMs nationwide. The bank reimburses two of its own out-of-network ATM fees per statement cycle, as well as up to $5 in other banks’ ATM surcharges.
As part of its Virtual Wallet, PNC also offers a secondary, interest-bearing checking account called Reserve that bears nominal interest and does not require a minimum opening deposit or charge a monthly service fee.
The virtual wallet tool offers features like alerts if you’re low on cash to help you avoid overdrawing your account.
Pros
No minimum deposit is required to open the Spend account online, and only $25 is required to do so at a branch. Around 60,000 fee-free ATMs are available nationwide. The bank’s mobile app includes visuals that help you understand where your money is going.Cons
Those who are under age 62 or who don’t meet minimum balance requirements won’t be able to avoid the monthly service fee. Customers are charged $36 for each overdraft, although the fee is capped at one per day. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Checking Account 2.50 % APY Info Bankrate Checking rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. To open To avoid fees Offer details Offer detailsSoFi
Member FDIC Checking Account Details 2.50 % APY To open To avoid feesBank experience
PNC Bank offers branches in 28 states and the District of Columbia, and some of its deposit accounts can be opened online. The bank offers access to more than 2,600 branches. In addition to providing standard digital banking services, PNC offers access to a Virtual Wallet tool that allows you to set up savings goals and view a calendar of upcoming bill payments and paydays. Also included is a color coded “Money Bar” that shows how much of your money is scheduled for bills and savings goals, as well as what’s available to be spent. PNC customer service representatives can be reached by phone seven days a week. On weekdays, they’re available from 7 a.m. until 10 p.m. Eastern. On weekends, you can reach them from 8 a.m. until 5 p.m.About PNC Bank
Founded as Pittsburgh Trust and Savings Co., PNC Bank is one of the largest banks operating in the U.S. It offers a full suite of retail, commercial and small-business products. In 2008, it acquired the troubled Cleveland-based National City Corp. That transaction roughly doubled the bank’s size. In June 2021, PNC acquired BBVA USA. Nowadays, PNC supports around 2,700 branches from coast to coast.Review methodology
With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .