PNC Bank High Yield Savings Account Review

PNC Bank High Yield Savings Account is offered by PNC Bank, a bank founded in 1845 and based in Pittsburgh, PA. PNC Bank High Yield Savings Account is available in 26 states across the USA.

Are savings accounts from PNC Bank federally insured?

Yes, your PNC Bank savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does PNC Bank offer?

PNC Bank High Yield Savings Account offers an APY of 2.15% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

What features and perks does PNC Bank High Yield Savings Account offer?

This account includes the following features:

• Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
• Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
• Fraud monitoring - PNC Bank High Yield Savings Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
• Free Bill Pay - Bill Pay allows you to receive ebills directly to your account and pay them easily from your account.

What fees does PNC Bank High Yield Savings Account charge?

PNC Bank High Yield Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

• Outgoing domestic bank transfers come with a $30 fee.
• Outoing international bank transfers come with a $45 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• PNC Bank High Yield Savings Account charges a $25 fee for an early account closure. Contact PNC Bank High Yield Savings Account for more details on what is considered an early closure.