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

PNC’s high-yield savings account, which is called "PNC High Yield Savings®," earns a strong 3.25% 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

» 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 deposit requirement to open online. It also earns an attractive 3.25% 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

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