PNC Increases Its High Yield Savings Account APY to 4.00% APY (January 2023)


PNC Bank has further increased the maximum APY for its High Yield Savings accounts to 4.00% APY.

PNC Bank increased the APY on its High Yield Savings account from 3.50% APY to 4.00%. The PNC’s savings product offers a very competitive annual percentage yield (APY) and requires only $1 to start earning this interest.

At a rate of 4.00% APY, PNC offers some of the most competitive high-yield savings accounts available today.

Boost your savings with a $400 bonus when you open a PNC Virtual Wallet account

For those who want to keep their savings and general banking together in one place, PNC Bank offers a competitive checking product with its Virtual Wallet service. If you open a Virtual Wallet with PNC and establish qualifying direct deposit(s) of $5,000 or more, you will receive a $400 bonus.

Key takeaways

  • PNC Bank increased the annual percentage yield (APY) on its Savings products in January 2023.
  • The APY on the PNC High-Yield Savings Account is now up to 4.00%, does not have a minimum balance to open, and only requires only $1 to start earning APY.
  • To keep all of your banking in one location, consider opening a PNC Bank Virtual Wallet account as well.
  • Earn $400 when you establish total qualifying direct deposit(s) of $5,000 or more to the Spend account.

About PNC Bank

PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking, including a full range of lending products, specialized services for corporations and government entities, including corporate banking, real estate finance, and asset-based lending; wealth management and asset management.