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PNC High Yield Savings Review

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PNC is a Pittsburg-based retail banking company that provides financial services in 20 states throughout the U.S. PNC Bank offers traditional and online services, financial planning tools, mobile banking, and more. Originally Pittsburgh Trust and Savings Company, PNC was founded in 1845 and is one of the largest banks in the nation.
 
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How is PNC Savings rated?

Breakdown

5.0/5
Rates and fees
5.0/5
Balance Requirements
0.0/5
Availability & Type of Financial Institution
5.0/5
Financial Stability & Ratings
0.0/5
Customer Support

Overall Rating: 4.9 / 5 (Excellent)

PNC Bank provides flexible services, both traditional and online, for customers of all ages. The bank offers online tools, such as a savings calculator, and mobile apps for account access on the go. PNC's savings accounts are FDIC insured and can serve as an overdraft protection to checking accounts. Customers can also set automatic savings from their checking account to their savings account to assist in savings goals. PNC Bank has an A- rating from the Better Business Bureau and an average financial rating from top online rating platforms. PNC also offers a savings account for their children that provides an interactive banking experience on basic financial literacy. All savings account fees are well-outlined and easily accessible on the website.

PNC Savings Account Features

Balance Requirements - 5 / 5

PNC Savings Accounts come with ATM cards and can be integrated with checking accounts for automatic savings transfers. Interest on the account is compounded monthly and PNC accounts are accessible via mobile app. Bank branches are located in 20 states and Washington, DC.

APY (Annual Percentage Yield)

4.50%
Interest Compounded
Monthly
Integration with Other Online Accounts
Checking
Mobile App
Yes
Debit/ATM Card
Yes
ATM Fees
PNC charges $3 at non-ATM fees in U.S. territories and $5 at non-ATM fees outside of the country.
No-Fee ATM
No-Fee at Network ATMs
Branch Offices
PNC Bank has branches in Washington, DC and the following 20 states: Alabama, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Virginia, West Virginia, Wisconsin

PNC Savings Fees and Restrictions

Rates and fees - 5 / 5

PNC Savings Account fees are waived when the account balance is at $300 or has automatic monthly transfers. All fees and restrictions are well organized and easy to find on the website.

Fees

Maintenence
Insufficient Balance Fee
Inactivity Fee
Passed Monthly Transaction Limit Fee
Returned Deposit Fee
Overdraft Fee
Out of Network ATM Fee
Minimum Opening Deposit
$25
Minimum Balance for Promotional APY
$1
Minimum Balance to Avoid Penalty
$300
Withdrawal Limit
Not to exceed more than 6 times per month
Transfer Limit
Not to exceed more than 6 times per month
Maximum Balance
Not specified

PNC Savings Reputation & Financial Strength

Financial Stability & Ratings - 5 / 5

PNC Bank has an A- rating from the Better Business Bureau and average financial ratings from both Moody's and Standard & Poor's. The company has mixed online reviews from customers, majority in which regard mortgage and checking accounts. There were very few complaints regarding savings accounts, most of which spoke on unknown fees for closing the account and confusing disclosures. PNC Bank responded to and resolved a percentage of its online complaints. Customer service representatives are available 7 days a week and voice-automated services are accessible 24/7.
Year Founded
1852
Standard & Poor's Financial Rating
A
Moody's Financial Rating
Aa2
Consumer Financial Protection Board (CFPB) Complaints
33

Contact Methods

  • Phone
  • Email
  • Social Media
BBB Rating
A-
BBB Total Complaints
1504
BBB Resolved Complaints
357
Customer Support Hours
7am-10pm weekdays; 8am-5pm weekends

Company Profile

Full Name
PNC High Yield Savings
Company Website
https://www.pnc.com/
Headquarters
300 Fifth Avenue, The Tower at PNC Plaza, Pittsburgh, PA, 15222

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Customer Comments & Reviews

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czech2go
10/10/2023
I recently contacted PNC Bank, President/CEO Bill Demchak Office concerning an online PNC Bank SCAM/FRAUD in the amount of $700,000. PNC Bank response was: 1.) I was responsible for the SCAM/FRAUD 2.) PNC Bank refused to apologize for the SCAM/FRAUD 3.) PNC Bank refused to acknowledge that someone at the bank knew intimately about my checking and savings accounts and stole my money 4.) PNC Bank refused to acknowledge that an Audit of irregular activity occurred 5.) PNC did not conduct Know Your Customer (KYC) of my accounts 6.) PNC approved the International Wires sent to Chinese Criminals and Gangs, possible Terrorism (This is a Federal Offense). 7.) PNC Bank closed both my checking and... Read More

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Our Partner
3.90% APY on Savings Account
  • $0 monthly balance
  • 60,000 ATMs
  • Easy cash access
  • 24/7 live customer support
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