Personal Finance Banking Savings
Written by Sophia Acevedo and Kit Pulliam; reviewed by Evelyn He
- Overall Bank Rating
- Pros and Cons
- About PNC Bank
- Fees and Charges
- Digital and Mobile Banking
- Customer Service and Support
- FAQs
- Bank Account Reviews
- Credit Card Reviews
- Loan and Mortgage Reviews
- How It Compares
- Why You Should Trust Us
Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate banking products to write unbiased product reviews.
The information for the following product(s) has been collected independently by Business Insider: PNC Secured Visa Credit Card, PNC Core® Visa® Credit Card, PNC Points® Visa® Credit Card, PNC Cash Rewards® Visa® Credit Card, PNC Visa Business Credit Card. The details for these products have not been reviewed or provided by the issuer.
The bottom line: Business Insider's personal finance team compared PNC Bank to the best banks and found it to be a standard offering across all of its products.
PNC Bank's strongest products are its digital accounts, but your options will depend on where you live. The best online banks include features like high savings rates, early direct deposit, and no monthly fees nationally.
Overall PNC Bank Rating
| Feature: | Business Insider rating (out of 5) |
| Banking | 3.25 to 4.5 |
| Credit Cards | 2.8 to 4 |
| Loans and Mortgages | 4.25 |
| Trustworthiness | 5 |
| Total | 3.75 |
PNC Bank Pros and Cons
| Pros: | Cons: |
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How PNC products compare
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PNC High Yield Savings® Account
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PNC Bank Virtual Wallet®
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PNC Fixed Rate CD
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PNC Premiere Money Market Account
Editor's Rating
4.5/5
Annual Percentage Yield (APY)
4.65%
Minimum Deposit
None
Editor's Rating
4.25/5
Annual Percentage Yield (APY)
up to 4.00%
Rates and APYs may vary in different PNC Bank markets and may change after account opening. Virtual Wallet Growth rate earning up to 4.00% is only available in AZ, CA, CO, NM and TX. For all other markets, please check PNC Rates table for further information.
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Minimum Deposit
$0
Editor's Rating
3.5/5
Annual Percentage Yield (APY)
0.01% to 5.15% (vary by location)
Minimum Deposit
$1,000
Editor's Rating
3.25/5
Annual Percentage Yield (APY)
0.02% to 3.50% (varies by location)
Minimum Deposit
$0
On PNC Bank's website
On PNC Bank's website
Start saving
PNC Bank, FDIC Insured
On PNC Bank's site. PNC Bank, FDIC Insured
About PNC Bank
PNC Bank has around 2,300 branches across 29 U.S. states and Washington DC. Here are the states with brick-and-mortar locations:
- Alabama
- Arizona
- California
- Colorado
- Delaware
- Florida
- Georgia
- Illinois
- Indiana
- Kansas
- Kentucky
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Missouri
- New Jersey
- New Mexico
- New York
- North Carolina
- Ohio
- Pennsylvania
- South Carolina
- Tennessee
- Texas
- Virginia
- Washington, DC
- West Virginia
- Wisconsin
Your decision to bank with PNC could largely depend on whether you live near a branch. For example, you can only access the bank's high-yield savings option if you live in an eligible market. If you don't live in an eligible market for the high-yield savings account, you can open a Virtual Wallet bundle (includes growth savings account), the Premiere Money Market, or the Standard Savings account.
PNC has a feature for its Spend account to help avoid overdraft fees called Low Cash Mode. The perk, available through the bank's mobile app, gives you at least 24 hours to bring your account balance to $0 before you're charged overdraft penalties. You also have the option to pay or return individual checks and payments made using your checking account when your balance is negative.
PNC Bank does not have 24/7 customer service. To contact customer support, call Monday through Friday between 8 a.m. to 9 p.m. ET, or on weekends from 8 a.m. to 5 p.m. ET. The bank also has a live chat function, but you'll have to check back later if all representatives are busy; there's no way to queue.
Your PNC accounts are FDIC-insured for up to $250,000, or $500,000 for joint accounts.
Is PNC Bank Trustworthy?
The Better Business Bureau gives PNC Bank an A+ rating. A good BBB rating signifies a company responds effectively to customer complaints, has honest advertising practices, and is transparent in how it handles business.
PNC Bank does not have any recent controversies.
PNC Bank's Fees and Charges
PNC Bank's Monthly Maintenance Fees
Many of PNC Bank's bank accounts come with monthly service fees, although its PNC High Yield Savings® Account has no monthly service fee. If you can't waive PNC Bank's monthly service fees and you want to avoid bank fees, you might be better off going with another bank.
PNC Bank's Overdraft Fees
PNC Bank does charge overdraft fees; some of the best banks for avoiding overdraft don't charge overdraft fees at all. However, PNC Bank also gives you several ways to avoid overdraft fees.
The PNC Bank Virtual Wallet® has a low cash mode that will alert you when your balance is getting low and give you 24 hours to bring your balance into the positive before charging you a fee. And you can choose to connect another PNC account, credit card, or line of credit to cover any overdrafts.
PNC Bank's ATM Fees
PNC Bank has over 60,000 in-network ATMs across the country, and if you use one of those ATMs, you won't be charged any ATM fees. However, PNC Bank charges between $3.00 and $5.oo each time you use an out-of-network ATM. Not only do the best banks for avoiding ATM fees not charge you for using out-of-network ATMs, but they also reimburse you for fees that out-of-network ATMS might charge.
PNC Bank Digital and Mobile Banking
PNC Bank Mobile App Features
PNC Bank's mobile banking app is well-rated; it has at least a 4.5 rating in the Google Play store and 4.8 rating in the Apple store, indicating good PNC Bank customer reviews. If you prefer to bank on-the-go from your phone, PNC Bank might be a good choice for you.
PNC Bank Online Banking Tools
PNC Bank also has a website you can use to bank, although some products, like mortgages, might be hard to navigate. However, unlike many online-only banks, PNC Bank also has physical branches you can go to, depending on where you live. This gives you more banking options than many online banks and credit unions offer.
PNC Bank Customer Service and Support
PNC Bank does not offer 24/7 customer service. Its banking products, such as checking accounts, savings accounts, and money market accounts, have customer support options every day of the week. However, its mortgages, investments, and student loans only have customer service available Monday through Friday. If you're interested in one of those products and you know you'll need to access customer service over the weekends, you might want to try another bank.
PNC Bank FAQs
What services does PNC Bank offer?
PNC Bank offers personal and business bank accounts, credit cards, loans, and mortgages.
What are the fees associated with PNC bank accounts?
You might have to pay a monthly service fee on the bank's standard savings and checking accounts in some states if you don't meet certain minimum balance requirements. PNC also charges overdraft fees and out-of-network ATM fees.
How can I contact PNC Bank customer service?
You can contact PNC Bank customer service by phone, through live chat, through mail, or by going to one of PNC Bank's physical branches.
What are the pros and cons of banking with PNC?
PNC Bank offers a wide variety of services, all with decent offerings. If you want to do all your banking and finances with one corporation, PNC Bank might be a good choice for you. However, none of its products are the best in their respective fields, and your location might limit what you can do with the bank.
PNC Bank Account Reviews
PNC High Yield Savings® Account
PNC High Yield Savings® Account
On PNC Bank's website
Insider’s Rating
4.5/5
Fees
no monthly service fee
Annual Percentage Yield (APY)
4.65%
Minimum Opening Deposit
None
Pros
- Competitive APY
- No minimum opening deposit or account balance
- No monthly service fees
- Mobile check deposit
Cons
- Only available in select locations but it can only be opened online
- Limited customer service hours
Insider’s Take
PNC Bank pays a great savings rate on its high-yield savings account, but a low rate on its regular savings account. You can only open a PNC High Yield Savings® Account if you live in certain parts of the US.
PNC High Yield Savings Account review External link Arrow An arrow icon, indicating this redirects the user."
Product Details
- Offer is only available online in the following states: AK, AR, AZ, CA, CO, CT, HI, ID, IA, KS, LA, ME, MS, MT, NE, NM, NV, NH, ND, OK, OR, RI, SD, TX, UT, VT, WA, WV, WY
- Offer is available online and in a PNC Solution Centers in MA, MN, TN and in the greater Kansas City area in MOMinimum account balance of $1 to earn APY
- No monthly maintenance fee
- No minimum opening deposit
The PNC High Yield Savings Account is probably the bank's best product. According to our PNC savings account review, PNC's savings rates are good if you keep at least $1 in your account and it doesn't charge monthly maintenance fees.
This account is only available online, but not everyone is eligible to open an account. You may not eligible to open a PNC High Yield Savings Account if you live in one of the following states:
- Alabama
- Delaware
- Florida
- Georgia
- Illinois
- Indiana
- Kentucky
- Maryland
- Michigan
- Missouri
- New Jersey
- New York
- North Carolina
- Ohio
- Pennsylvania
- South Carolina
- Virginia
- Washington, DC
- Wisconsin
PNC does offer other savings accounts for in-person bankers, but rates are significantly lower, and there are monthly maintenance fees. If you can't qualify for PNC's high-yield savings account, you might want to consider one of our best high-yield savings account picks instead.
PNC Bank Virtual Wallet®
PNC Bank Virtual Wallet®
On PNC Bank's website
Insider’s Rating
4.25/5
Perks
Earn up to $400: Earn $100 if you open Virtual Wallet® and establish total qualifying direct deposits of at least $500 in the first 60 days, $200 when you open Virtual Wallet® with Performance Spend and establish total qualifying direct deposits of at least $2,000 in first 60 days, or $400 when you open Virtual Wallet® with Performance Select and establish total qualifying direct deposits of at least $5,000 in direct deposits in the first 60 days (offer ends 09/03/2024)
Fees
$7, $15, or $25 monthly service fee
Annual Percentage Yield (APY)
Rates and APYs may vary in different PNC Bank markets and may change after account opening. Virtual Wallet Growth rate earning up to 4.00% is only available in AZ, CA, CO, NM and TX. For all other markets, please check PNC Rates table for further information.
up to 4.00%
Minimum Opening Deposit
$0
Bonus
Earn up to $400: Earn $100 if you open Virtual Wallet® and establish total qualifying direct deposits of at least $500 in the first 60 days, $200 when you open Virtual Wallet® with Performance Spend and establish total qualifying direct deposits of at least $2,000 in first 60 days, or $400 when you open Virtual Wallet® with Performance Select and establish total qualifying direct deposits of at least $5,000 in direct deposits in the first 60 days (offer ends 09/03/2024)
$100, $200, or $400
Pros
- No minimum opening deposit to open
- Possible to waive monthly service fees
- Budgeting tools
- Access to Spend (checking account), Reserve (interest checking account), and Growth (savings account)
- Performance Spend reimburses up to $5/month in out-of-network ATM fees charged by providers
- Performance Select reimburses up to $10 per statement period for other financial institutions' ATM surcharge fees and there are no charges for PNC and non-PNC Bank ATMs
- Reserve and Growth funds can act as overdraft protection for the Spend account
- Low Cash Mode® helps prevent overdraft fees on Spend account
Cons
- $3 out-of-network ATM fee for the basic Virtual Wallet product
- $7, $15, or $25 monthly service fee if they do not meet the qualifications to waive
- Limited customer service hours
Insider’s Take
PNC Bank's strongest products are its digital accounts, but your options will depend on where you live.
PNC Bank Virtual Wallet® review External link Arrow An arrow icon, indicating this redirects the user."
Product Details
- 1 Virtual Wallet® is actually 3 accounts: Spend (checking), Reserve (interest checking), and Growth (savings)
- Low Cash Mode gives you at least 24 hours to bring your available account balance to $0 before you're charged overdraft fees on your Spend account
- You can just have Spend, or choose to add Reserve and Growth at no extra cost
- To waive the monthly service fee you must meet certain requirements
- Earn $100 if you open a Virtual Wallet® and receive $500 in qualifying direct deposits in first 60 days, $200 if you open a Virtual Wallet® with Performance Spend and receive $2,000 in direct deposits in first 60 days; $400 if you open a Virtual Wallet® with Performance Select and receive $5,000 in direct deposits in the first 60 days
- Branches in 29 states and Washington, DC
- Access to about 60,000 PNC and Partner ATMs
- FDIC insured
PNC has an online checking account called PNC Bank Virtual Wallet®. Even though it's a digital product, you can open a PNC Bank Virtual Wallet® if you live in a market with branches.
PNC calls its everyday checking features Spend. At no extra cost, you can also open a PNC Bank Virtual Wallet® package with two additional buckets: Reserve (interest checking) and Growth (long-term savings). Right now, you'll earn a high interest rate on your Growth balance. You can also earn a slightly higher interest rate on your Growth balance if you qualify for a relationship rate.
PNC Business Checking
PNC Business Checking
Read Review
Insider’s Rating
3.5/5
Perks
Earn a $200 reward when you open a new account, maintain a $5,000 average ledger balance for the first three statement cycles, and make at least 20 qualifying transactions with your PNC Visa Business Credit Card in the first three statement cycles (offer ends 9/30/2023)
Fees
$12 monthly service fee
Annual Percentage Yield (APY)
N/A
Minimum Opening Deposit
$100
Bonus
Earn a $200 reward when you open a new account, maintain a $5,000 average ledger balance for the first three statement cycles, and make at least 20 qualifying transactions with your PNC Visa Business Credit Card in the first three statement cycles (offer ends 9/30/2023)
$200
Pros
- You may qualify for a $200 bonus
- Possible to waive monthly service fee
- No monthly service fee for the first 3 months your account is open
Cons
- $100 minimum opening deposit
- Only 150 free transactions per month
- $0.50 fee for each monthly transaction after you surpass 150
- $12 monthly service fee
- $3 out-of-network ATM fee
Insider’s Take
PNC Bank's strongest products are its digital accounts, but your options will depend on where you live. The best online banks include features like high savings rates, early direct deposit, and no monthly fees.
PNC Business Checking review External link Arrow An arrow icon, indicating this redirects the user."
Product Details
- Branches in 29 US states and Washington, DC
- Around 60,000 free ATMs
- Deposit $5,000 in cash for free each month, then $0.30 per $100
- No monthly service fee for the first three statement cycles, then $12 with options to waive
- Waive the $12 monthly service fee by maintaining a $500 average monthly collected balance, making $500 in eligible purchases on a linked PNC business credit card, or having a PNC Merchant Services®️ account and bring in $500 in qualifying monthly deposits
- Earn $200 bonus by opening an account by 9/30/2023, maintaining a $5,000 average ledger balance for the first three statement cycles, and making at least 20 qualifying transactions with your PNC Visa Business Credit Card in the first three statement cycles (only available if your business annual revenue is under $5 million)
- Member FDIC
PNC Bank also offers business checking accounts. Keep in mind, though, that each of its business checking accounts come with a monthly service fee, although there are ways to waive most of those fees. If you want to avoid monthly service fees for your business checking account, you might be better off with another bank.
PNC Fixed Rate CD
PNC Fixed Rate CD
Start saving
PNC Bank, FDIC Insured
Insider’s Rating
3.5/5
Annual Percentage Yield (APY)
0.01% to 5.15% (vary by location)
Minimum Opening Deposit
$1,000
Pros
- Terms up to 10 years
- Low-to-standard early withdrawal penalties
Cons
- Low APY
- $1,000 opening deposit
- Only available for residents of certain states
Insider’s Take
PNC Bank CD rates are pretty low overall, unless you choose a promotional term that pays the highest rate — and the best promotional term depends on where you live. If your priority is earning a high CD rate, you're better off opening a CD at one of the best online banks.
PNC Fixed Rate CD review External link Arrow An arrow icon, indicating this redirects the user."
Product Details
- Terms ranging from 7 days to 10 years; promotional terms ranging from 4 to 61 months
- Only CDs with terms between 3 and 36 months can be opened online
- Branches in 29 US states and Washington, DC
- For terms under 3 months, early withdrawal penalty is all the interest earned; from 3 months to less than 1 year, early withdrawal penalty is 3 months interest; for terms greater than 1 year, early withdrawal penalty is 6 months interest
PNC offers more types of CDs than most banks, including regular term CDs, which doesn't charge a penalty if you withdraw funds before the CD matures.
However, PNC CDs are only available to residents of states where there are branches, so if you don't live an eligible state, you're out of luck.
PNC Premiere Money Market Account
PNC Premiere Money Market Account
Read Review
Insider’s Rating
3.25/5
Fees
$12 monthly service fee
Annual Percentage Yield (APY)
0.02% to 3.50% (varies by location)
Minimum Opening Deposit
$0
Pros
- Comes with a banking card/ATM card
- Earn a higher rate with higher balances if you have a Performance Select Checking account
Cons
- Low APY
- No paper checks
- $12 monthly service charge
- Limited customer service hours
PNC Premiere Money Market Account review External link Arrow An arrow icon, indicating this redirects the user."
Product Details
- Minimum balance of $1 to earn APY
- Avoid the $12 monthly service charge when you maintain a $5,000 average monthly balance or linked to select PNC checking account
- Earn Relationship Rates with Performance Checking
The PNC Premiere Money Market Account might be a decent choice depending on where you live. In certain markets, you can earn up to 3.50% APY on account balances of $1 million or more depending where you live.
You'll want to be mindful of monthly service fees on the account, though. You may have to maintain a $5,000 balance or have a select PNC checking account to avoid the $12 monthly service charge.
PNC Bank Credit Card Reviews
PNC Secured Visa Credit Card
PNC Secured Visa Credit Card
Insider’s Rating
4/5
Annual Fee
$36 ($3 per month)
Regular APR
18.99% Variable
Recommended Credit
Fair
Pros
- Annual fee ($36) is split into smaller monthly payments ($3 per month)
- You can build credit with responsible credit use
Cons
- Requires a security deposit ($300 minimum)
- No rewards or welcome bonus
- You must apply in person at a PNC Branch and have a PNC account
Product Details
- The information related to the PNC Secured Visa Credit Card has been collected by Business Insider and has not been reviewed by the issuer.
- Open your account with a refundable security deposit ($300-$2,500). If approved, the security deposit will be used to establish your new credit limit.
- Establish, strengthen or build your credit – use this card responsibly and over time it can improve your overall credit score.
- The PNC Secured Visa® credit card can only be opened in person at a PNC Bank Branch. Apply by visiting a branch closest to you.
PNC Core® Visa® Credit Card
PNC Core® Visa® Credit Card
Insider’s Rating
4/5
Annual Fee
$0
Intro APR
0% intro APR on purchases and balance transfers for the first 15 billing cycles from account opening (first balance transfer must take place 90 days from account opening)
Regular APR
13.24% - 25.24% variable
Recommended Credit
Excellent
Pros
- Long 0% intro APR on purchases and balance transfers
- You can earn $100 welcome bonus
- No annual fee
Cons
- No rewards for spending
- Some cards with similar 0% APR offers have higher bonuses and more benefits
- Foreign transaction fee
Product Details
- The information related to the PNC Core® Visa® Credit Card has been collected by Business Insider and has not been reviewed by the issuer.
- $100 statement credit after $1,000 in purchases during the first 3 billing cycles following account opening
- No annual fee
- 0% intro APR on purchases and balance transfers for the first 15 billing cycles from account opening (first balance transfer must take place 90 days from account opening)
PNC Points® Visa® Credit Card
PNC Points® Visa® Credit Card
Insider’s Rating
3.3/5
Annual Fee
$0
Intro APR
0% intro APR on purchases and balance transfers for the first 12 billing cycles from account opening (first balance transfer must take place 90 days from account opening)
Regular APR
16.74% - 28.74% variable
Recommended Credit
Excellent
Pros
- You can earn 50,000 welcome bonus points after meeting minimum requirements
- No bonus categories to track; all purchases earn 4 points per dollar
- No annual fee
Cons
- Points from this card are worth less than 1 cent each
- Foreign transaction fee
- Points expire after 48 months
Product Details
- The information related to the PNC Points® Visa® Credit Card has been collected by Business Insider and has not been reviewed by the issuer.
- 50,000 bonus points after spending $750 in the first 3 billing cycles following account opening
- No annual fee
- There’s no limit to the number of points you can earn
PNC Cash Rewards® Visa® Credit Card
PNC Cash Rewards® Visa® Credit Card
Insider’s Rating
3.8/5
Annual Fee
$0
Intro APR
0% intro APR on balance transfers for the first 12 billing cycles from account opening (first balance transfer must take place 90 days from account opening)
Regular APR
17.74% - 28.74% Variable
Recommended Credit
N/A
Pros
- Generous welcome bonus offer for a no-annual-fee card
- Bonus cash back at gas station, dining and restaurants, and grocery stores
- No annual fee
Cons
- 4%, 3%, and 2% cash back categories capped at $8,000 in combined purchases each year (then earn just 1% back)
- Similar cards have more benefits and no minimum redemption amount
- Foreign transaction fees
Product Details
- The information related to the PNC Cash Rewards® Visa® Credit Card has been collected by Business Insider and has not been reviewed by the issuer.
- Earn $200 bonus after you make $1,000 or more in purchases during the first 3 billing cycles after account opening
- Earn 4% cash back on gas station purchases, 3% cash back on dining purchases at restaurants and 2% cash back on grocery store purchases for the first $8,000 in combined purchases in these categories annually.
- Earn at least 1% cash back on all other purchases.
- No Annual Fee.
PNC Visa Business Credit Card
PNC Visa Business Credit Card
Insider’s Rating
2.8/5
Perks
Offers a 0% intro APR on balance transfers for up to 13 billing cycles.
Annual Fee
$0
Intro APR
0% intro APR on balance transfers for the first 13 months when transferred in the first 90 days following account opening
Regular APR
15.24% - 25.24% variable
Intro Offer
None
Recommended Credit
Good to Excellent
Pros
- 0% intro APR on balance transfers for up to 13 billing cycles
- No annual fee
Cons
- Must be a PNC online banking customer to apply for the card
- Foreign transaction fees
- New purchases are not eligible for 0% intro APR
PNC Bank carries both personal and business credit cards, including a few that aren't listed above, although none of them made our best credit cards guide. If you already have accounts with PNC Bank and want to keep all of your financial needs with one bank, these credit cards might be interesting to you.
PNC Bank Loan and Mortgage Reviews
PNC Bank Personal Loan
PNC Bank Personal Loan
Compare loan options and get your rates today.
Insider’s Rating
4.25/5
Regular APR
6.99% to 15.04%
Loan Amount Range
$1,000 to $35,000
Pros
- Co-applicant allowed
- Low minimum loan amount
- Competitive minimum APR
- No origination fees
- Same-day funding available for existing customers
Cons
- Low maximum loan amount
- Late fees
PNC Bank personal loans review External link Arrow An arrow icon, indicating this redirects the user."
Product Details
- Loan term lengths range between 6 to 60 months
- If you're not an existing customer, you may need to visit a branch to get your loan funds, which could take 3 to 10 days to process
PNC offers several different types of loans for both consumers and small businesses. While PNC Bank's personal loans didn't make our best personal loans guide, you might still be interested if you're hoping to take out a small loan.
PNC Bank Mortgage
PNC Bank Mortgage
On Bankrate's website
Insider’s Rating
4.25/5
Recommended Credit
620
Minimum Down Payment
3%
Types of Loans Offered
Conforming, jumbo, FHA, USDA, VA, home equity loan, HELOC, construction, physician
Pros
- Offers many types of home loans
- Low average rates and fees
- Offers a $5,000 homebuyer grant
- See personalized interest rates online
Cons
- Doesn’t have in-person branches in every state
- Low J.D. Power customer satisfaction rating
- Difficult-to-navigate website
PNC Bank Mortgage review External link Arrow An arrow icon, indicating this redirects the user."
Product Details
- Offers home loans in all 50 US states and Washington, DC
- Does not accept alternative data to replace a credit score — it will complete a hard credit inquiry
- Lender fees vary by your mortgage type and location
- Minimum credit score and down payment displayed are for conforming mortgages
PNC Bank also offers PNC Bank mortgages and mortgage refinancing. PNC offers many different types of home loans with low average rates and fees, but its J.D. Power customer satisfaction rating is low, its website is difficult to navigate, and you might not be able to bank in-person depending on where you live.
If you're interested in taking out a mortgage, we have a list of the best mortgage lenders divided by your potential needs.
How PNC Bank Compares
PNC Bank vs. Capital One 360
We've compared PNC with Capital One, another bank with physical and digital banking capabilities.
You may like PNC Bank if you're able to get the accounts you want in the state that you live in. For instance, if you live in a state that offers the bank's high-yield savings account it may be a worthwhile option for you to explore.
Otherwise, the Capital One 360 Performance Savings may be a better option if you don't live in a state that offers the PNC High Yield Savings® Account. Capital One 360 Performance Savings pays 4.25% APY and doesn't charge monthly maintenance fees.
If you want to get money market account, PNC Bank will have to be your default option. Capital One 360 doesn't offer one.
Capital One Bank Review
PNC Bank vs. Wells Fargo
We've also compared PNC to Well Fargo because both banks have branches in many of the the same parts of the U.S.
You also may prefer PNC if you want to get money market account. The PNC Premiere Money Market Account may not be its strongest product, but Wells Fargo doesn't have a money market account at all.
Wells Fargo is a brick-and-mortar bank. Although it has online banking capabilities, there aren't any online-specific accounts. Wells Fargo has branches in more states than PNC, so if you prefer in-person banking and live near a Wells Fargo branch, you may prefer it to PNC.
Wells Fargo Bank Review
Why You Should Trust Us: How We Reviewed PNC Bank
At Business Insider, we use our bank account rating methodology to rate all of our banking products, including banks. When reviewing banks, we first review each product the bank offers, including savings accounts, checking accounts, and CDs. We review them across several categories, including interest rates, customer service, and monthly service fees, and give each of those categories a score from zero to five. Then, we average those scores together to get the overall rating for that specific product. Once we have ratings for each product, we average the products' ratings together, along with a bank's ethics score, to get a bank's overall rating.
Banking Editor
Sophia Acevedo is a banking editor at Business Insider. She has spent three years as a personal finance journalist and is an expert across numerous banking topics.ExperienceSophia leads Personal Finance Insider's banking coverage, including reviews, guides, reference articles, and news. She edits and updates articles about banks, checking and savings accounts, CD rates, and budgeting and saving. She is highly knowledgeable about long-term trends in rates and offers at banks across the U.S.Before joining Business Insider, Sophia worked as a journalist at her college newspaper and was a freelance writer. She has spent seven years writing and editing as a journalist.Sophia was nominated for an Axel Springer Award for Change in 2023 for her coverage of ABLE accounts, tax-free savings accounts for people with disabilities. She was also a winner of a 2018 California Journalism Awards Campus Contest for her photography.She loves helping people find the best solutions for their unique needs and hopes that more people will find the tools to solve their financial problems. She’s inspired by stories of everyday people adapting to their financial circ*mstances and overcoming their fears around money.ExpertiseSophia's expertise includes:
- Bank accounts
- Savings and CD rate trends
- Budgeting
- Saving
- How banks operate
EducationSophia graduated from California State University Fullerton with a degree in journalism and a minor in political science.She is an avid reader across a variety of genres, and she started running in 2021. She ran in the 2024 Los Angeles Marathon.
Personal Finance Insider editorial fellow
Kit Pulliam (they/them) is a banking expert who specializes in certificates of deposit, savings accounts, and checking accounts. They’ve been reporting, editing, and fact-checking personal finance stories for more than four years.ExperienceKit has spent their career making complicated concepts more accessible to the average person. As a tutor in math and reading comprehension after college, they melded the certainty of numbers with the flexibility of words, a skill that has served them in the personal finance field since.Before Business Insider, Kit was an editorial specialist for Tax Analysts, diving into the tax code to help readers get the best information about a confusing but necessary subject.They find banking similar to taxes in that way: There are some things everyone needs to know because just about everyone needs to work with a bank — and you don’t want to end up with an account that doesn’t serve your needs.As interest rates change, they enjoy the fast pace of reviewing rates for products like CDs and high-yield savings, which can change daily and have a direct impact on readers’ money.ExpertiseTheir expertise includes:
- Certificates of deposit
- Savings accounts
- Checking accounts
- CD rates
- Bank reviews
EducationKit is an alumnus of Vanderbilt University, where they studied English and psychology and received the Jum C. Nunnally Honors Research Award for their senior thesis.Outside personal finance, Kit enjoys reading, film, video games, and cross stitching. They are based in the DC area.
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Evelyn He is a Compliance and Operations Associate on the Personal Finance team to ensure content accuracy and editorial independence so readers get up-to-date and objective financial advice.The compliance team's mission is to provide readers with fact-checked and current stories so they can make informed financial decisions. The team also works to minimize risk for partners by ensuring language is clear, precise, and fully compliant with regulatory and partner marketing guidelines that align with the editorial team.
Top Offers From Our Partners
Western Alliance Bank High-Yield Savings Premier Take advantage of today's rates and earn 5.31% APY on your entire account balance – more than 10 times the national average 5.31% annual percentage yield (APY) is accurate as of 7/11/2024 and subject to change at the Bank’s discretion. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY. Accurate as of the time of publication. The national average rate referenced is from the FDIC’s published National Rates and Rate Caps for Savings deposit products, accurate as of 7/15/2024. See the FDIC website for more information. https://www.fdic.gov/resources/bankers/national-rates/index.html
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