PNC High-Yield Savings Account Interest Rates 2025: How They Compare

PNC’s high-yield savings account, which is called "PNC High Yield Savings®," earns a strong 3.95% annual percentage yield. It is not available nationwide.

The bank’s Virtual Wallet account, however, is offered to customers across its national footprint. Virtual Wallet is a combination checking and savings account — the savings portion is called Growth.

Here’s a look at how both savings accounts measure up.

PNC Bank savings rates and fees

Interest rate for PNC High Yield Savings®	3.95% APY. (Available in select states.)
Interest rate for PNC Virtual Wallet - Growth	1.60% APY for accounts with balances below $2,500. 1.85% APY for accounts with balances of $2,500 and above. (Rates may vary by region.)
Availability	The PNC high-yield savings account is available in select states, including Alaska, Arkansas, Connecticut, Hawaii, Idaho, Iowa, Louisiana, Maine, Minnesota, Mississippi, Montana, Nebraska, Nevada, New Hampshire, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, Washington and Wyoming. PNC Virtual Wallet - Growth accounts are available across PNC Bank’s national footprint.
How they compare	The average national rate for savings accounts is only 0.38%, so both options are above average.
Monthly fees for PNC High Yield Savings®	None.
Monthly fees for Virtual Wallet	$7.00. Waived by: $500 combined average monthly balance in Spend or Reserve sections. $500 in qualifying monthly direct deposits to the Spend account. Account holder is age 62 or older. Account holder is a PNC employee.
Minimum opening deposit	No minimum for either account.

» Find this month’s best savings account rates in NerdWallet's list of best high-yield savings accounts

How PNC Bank compares to large banks

PNC is the seventh-largest bank in the U.S. by assets. Like other large banks, it tends to have monthly fees on some of its savings accounts.

But its high-yield savings option has no monthly fee and no minimum opening deposit requirement. And it earns an attractive 3.95% APY. To compare, savings accounts at some of the largest banks have yields close to 0%.

If PNC's high-yield account is available in your market, it's worth a look. (If not, consider some of the best savings accounts at other banks.)

PNC also has a Virtual Wallet account that combines different features: Spend, Reserve (another spending bucket for occasional expenses) and Growth (savings). Growth rates are generally above average (APY may vary by region), but not as good as PNC’s high-yield account rate.

» Learn more: Read NerdWallet’s PNC Bank review

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