PNC Corporate Certificates of Deposit

Increase Returns on Idle Cash Balances Slated for Future Use

An important part of total liquidity management is choosing the right investment vehicle to increase the return on excess and idle cash.

When you don't need immediate access to these funds, or don't want to expose them to the market risk associated with other types of investments, put them to work earning a fixed interest rate in a PNC Bank Corporate Certificate of Deposit (CD).

CDs are bank issued interest-bearing instruments and FDIC insured to the maximum permitted by law. With CDs, you generally earn higher rates than with other savings products, depending upon the length of time, or term that your money is on deposit. PNC offers CDs with terms to meet whatever your business needs. PNC offers various terms to meet your business needs.[1]

When your CD nears maturity, you'll have the opportunity to reassess your cash flow needs and decide the best next course to take. Let the funds automatically reinvest for the same maturity term at the then current rate, reinvest at a different term that better fits your business needs, or withdraw your principal and proceeds.

Benefits:

  • Offers market-competitive fixed interest rate for a specified term
  • Earns interest on balances held for specified period of time without the market risk associated with some other investment options
  • Eliminates fees associated with transferring balances to and from other institutions and investments
  • FDIC insured to the maximum permitted by law

Let's Talk

For more information about CD terms and conditions, please contact PNC customer service at 1-877-824-5001.