PNC Bank is a full service online and physical bank. They have a large presence on the east coast and midwest.PNC Bank has become known for offering high yield savings accounts, and they also offer an interest-earning virtual checking account. They also offer student loans and we’ve reviewed their student loans product specifically here: PNC Bank student loans review.So how does PNC Bank stack up? See how they compare to our list of the best savings accounts, and read our full review below.
PNC Bank has been around for over 160 years. It is a full-service bank offering savings, checking, retirement, mortgages, loans, and service for both personal and business customers.It had assets of $409 billion as of September 30, 2019. It falls into the back half of the 10 largest U.S. banks by assets. PNC Bank mainly serves the mid-Atlantic, Midwest, and Southeast regions.
PNC Bank offers a full suite of financial products. In this article, we’ll focus on their savings and checking products.
PNC Bank’s savings product is called PNC High Yield Savings. This product is not available in all markets. You can type in your zip code at the website to see if it is available in your market.There is no minimum to open, no minimum balance to maintain, and there are no monthly service fees. See how it compares to the other best accounts here:
Yes — there are a number of fees to watch out for. If you close your account within 180 days of opening it, there will be a $25 fee. There is a $36 overdraft fee, with up to four occurrences per day. To replace a card, it costs $7.50. Stop payments will cost $33 each.
Visit pnc.com to apply for an account.
Yes — PNC Bank’s savings and checking products are FDIC-secured. Additionally, PNC uses bank-grade encryption.
PNC Bank’s checking product is competitive. It offers an attractive APY coupled with a full-service, major bank. Ultimately, if ATM access is within your area so that you can avoid fees, the service can be worth it. If you also need branch access, be sure there are branches in your location.