Pnc high yield savings account review năm 2024
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PNC Bank 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 and are looking for the highest yields possible, consider banking elsewhere for better rates. Show
Highlights
Compare offers Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear. Member FDIC Savings Account 4.35 % APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY, or annual percentage yield, is the yearly return on a bank or investment account. As of 3/12/2024 Rating: 4.9 stars out of 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. View offer Arrow Right Promoted offer: Member FDIC. Savings Account 5.25 % APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY, or annual percentage yield, is the yearly return on a bank or investment account. As of 3/12/2024 View offer Arrow Right Promoted offer: No fees. Easy deposits and quick withdrawals. Member FDIC Savings Account 4.35 % APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY, or annual percentage yield, is the yearly return on a bank or investment account. As of 3/12/2024 Rating: 4.9 stars out of 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. View offer Arrow Right Promoted offer: It only takes about 5 minutes to open a fee-free account. Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear. Info Advertiser Disclosure Member FDIC Savings Account 4.9 Rating: 4.9 stars out of 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. Bankrate Score 4.35 % APY, or annual percentage yield, is the yearly return on a bank or investment account. APY as of 3/12/2024 $1 Min. balance for APY View offer Arrow Right Offer details Promoted offer Member FDIC. Savings Account 0.0 Rating: 0 stars out of 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. Bankrate Score 5.25 % APY, or annual percentage yield, is the yearly return on a bank or investment account. APY as of 3/12/2024 $0 Min. balance for APY View offer Arrow Right Offer details Promoted offer: No fees. Easy deposits and quick withdrawals. Member FDIC Savings Account 4.9 Rating: 4.9 stars out of 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. Bankrate Score 4.35 % APY, or annual percentage yield, is the yearly return on a bank or investment account. APY as of 3/12/2024 $0 Min. balance for APY View offer Arrow Right Offer details Promoted offer: It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 4.7 Rating: 4.7 stars out of 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. Bankrate Score 5.10 % APY, or annual percentage yield, is the yearly return on a bank or investment account. APY as of 3/12/2024 $0 Min. balance for APY View offer Arrow Right Offer details Promoted offer: 0 Monthly Acct Fees. No Balance Cap to Earn APY. Member FDIC Savings Account 4.9 Rating: 4.9 stars out of 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. Bankrate Score 4.35 % APY, or annual percentage yield, is the yearly return on a bank or investment account. APY as of 3/12/2024 $0 Min. balance for APY View offer Arrow Right Offer details Promoted offer Caret Left Caret Right OverallPNC Bank offers a full suite of deposit products, with branches in parts of the Northeast, South and Midwest as well as 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. The bank offers a well-rated mobile app that incorporates tools for money management. PNC Bank was as part of the 2023 Bankrate Awards, where the best financial products of the year were determined. Pros
Cons
PNC Bank banking productsSCORE BREAKDOWNMinimum balance to earn interest: Minimum balance to avoid fee: FEATURESPNC Bank savings overviewPNC’s Virtual Wallet Pro, which combines checking and savings services, offers a competitive yield with the Growth option, 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 all states, so not everyone will have access to the product. Customers who live in states with PNC branches earn a much lower yield on its Standard Savings account. Pros
Cons
Compare Offer Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear. Member FDIC Savings Account 4.35 % APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY, or annual percentage yield, is the yearly return on a bank or investment account. As of 3/12/2024 Rating: 4.9 stars out of 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. Promoted offer: Bank feesFee Charged? Overdraft fee $36 Non-sufficient funds fee None Monthly maintenance fee Varies by account Out-of-network ATM fee $3 Excessive transaction fee $3 Customer experienceCustomer supportPhysical Presence. 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 around 2,400 branches. High customer satisfaction. While PNC’s overall customer satisfaction varies by region, the bank mostly received positive scores in J.D. Power’s 2023 U.S. Retail Banking Satisfaction Study. Customer service. PNC customer service representatives can be reached by phone seven days a week. On weekdays, they’re available from 8 a.m. until 9 p.m. Eastern. On weekends, you can reach them from 8 a.m. until 5 p.m. Digital experienceHighly rated mobile app. PNC Bank’s mobile app receives high marks on both the Apple App and Google Play stores. Collectively, more than 1.5 million users have reviewed the app. The app 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. “I like the Virtual Wallet account and how I can quickly see a summary of checking and savings balances together,” said a Bankrate staff member who banks at PNC. “PNC also groups purchases together into categories so it’s convenient for budgeting and seeing how much you’ve spent in a given category, such as restaurants, each month.” 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. The app offers unique digital features such as customizable alerts and voice banking, though the latter is “time consuming and frustrating,” according to a Bankrate staff member. “I’d like to be able to reach an agent for assistance quickly.” Scheduled payment functionality. It isn’t possible to see future scheduled payments for online bill pay on the app, according to a Bankrate staff member with access to the account. Instead, you must log into your account through the website. “If I quickly want to double check that I’ve scheduled to pay my water bill, it cannot be confirmed in the app.” Lightbulb Bankrate staff insights“I’ve been banking with PNC for 18 years,” said a Bankrate staff member who uses PNC personally. “Overall, I like the organization of the accounts with having quick visibility into all my accounts through the Virtual Wallet dashboard. I also appreciate their budgeting and savings tools.” About PNC BankFounded 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. How does PNC Bank compare to other banks?PNC Bank vs. ChaseAs some of the largest banks in the U.S., both PNC and Chase have large branch networks scattered across the country. However, Chase’s network is about double the size of PNC’s, so if you prioritize having access to your cash anywhere you go, Chase may be the better choice. That noted, PNC offers much higher yields on its savings products compared to Chase’s rock-bottom APYs. If you’re primarily looking for an account that will grow your savings, PNC may be the better option for you. Both banks rely heavily on monthly fees. Though the fees can be waived, there are many banks out there, particularly online-only banks, that feature accounts without the fees. Moreover, both PNC and Chase still charge hefty overdraft fees. PNC Bank FAQsReview methodologyWith 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. Read our full review methodology. Why is PNC high yield savings not available?The PNC High Yield Savings℠ account is only available to residents of Arizona, California, Colorado, New Mexico, Texas and West Virginia. PNC bank offers relationship interest rates on Standard Savings accounts when the account holder also has a PNC checking account. What is the downside of a high yield savings account?Some disadvantages of a high-yield savings account include few withdrawal options, limitations on how many monthly withdrawals you can make, and no access to a branch network if you need it. But for most people, these aren't major issues. Is it worth putting money into a high yield savings account?While you can grow your money daily and take on zero risk with high-yield savings, they are not the best way to grow your wealth long-term. The rate of inflation can be higher than the yield you earn over time, so it's better to not keep piling cash into your savings and instead invest your money. Can you withdraw from PNC high yield savings account?High-yield savings accounts offer more flexibility than a CD since you can withdraw funds anytime. However, your bank may limit the number of transactions every month. The FDIC also protects these accounts up to the allowable limit. |
