PNC High-Yield Savings Account Interest Rate 2025: How It Compares

PNC’s high-yield account — available in select markets — earns higher rates than accounts at other national banks.

Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Published · 1 min read
Profile photo of Margarette Burnette
Written by 
Senior Writer & Content Strategist
Profile photo of Tony Armstrong
Edited by 
Head of Content, Banking
PNC High Yield Savings®
NerdWallet rating 

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 0.42%, 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

AD
Forbright Bank logo
Learn More

Member FDIC

Forbright Bank Growth Savings

Forbright Bank logo
APY

4.25%

Min. balance for APY

$0

Axos Bank® logo
Learn More

Member FDIC

Axos ONE® Savings

Axos Bank® logo
APY

4.66%

Min. balance for APY

$1,500

Varo Bank logo
Learn More

Member FDIC

Varo Savings Account

Varo Bank logo
APY

5.00%

Min. balance for APY

$0

Morgan Stanley Private Bank, National Association logo
Learn More

Member FDIC

E*TRADE Premium Savings

Morgan Stanley Private Bank, National Association logo
APY

4.00%

Min. balance for APY

$0

How much interest could you be earning? Find out with the calculator below. The higher the rate, the faster your money can grow.

Savings calculator

Investment details

Years
AD
Forbright Bank logo
Learn More

Member FDIC

Forbright Bank Growth Savings

Forbright Bank logo
APY

4.25%

Min. balance for APY

$0

Axos Bank® logo
Learn More

Member FDIC

Axos ONE® Savings

Axos Bank® logo
APY

4.66%

Min. balance for APY

$1,500

Varo Bank logo
Learn More

Member FDIC

Varo Savings Account

Varo Bank logo
APY

5.00%

Min. balance for APY

$0

Morgan Stanley Private Bank, National Association logo
Learn More

Member FDIC

E*TRADE Premium Savings

Morgan Stanley Private Bank, National Association logo
APY

4.00%

Min. balance for APY

$0