PNC Savings

We have savings solutions to help you achieve your goals.

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Annual Percentage Yield (APY)[1]

  • Open your account with any amount[2]
  • No monthly service charge or minimum balance requirement[1]
  • Unlimited deposits and transfers into the account
  • FDIC insured to the maximum permitted by law[3]

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If you are looking for something more, try Virtual Wallet.

Virtual Wallet is checking and savings. Together.

Virtual Wallet helps you spend wisely, save automatically and achieve your financial goals.  Virtual Wallest is made up of:

  • Spend — primary checking account
  • Reserve — short-term savings account
  • Growth —  long-term savings account - with our best savings rate[1] plus an additional relationship rate[4] when you meet certain requirements on select Virtual Wallet products.
  • Tools that help you to manage your spending and saving.

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Other savings account options:

Learn more about our Premiere Money Market or Standard Savings accounts.

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Checking and Savings. Together.

Virtual Wallet is made up of:

  • Spend — primary checking account
  • Reserve — short-term savings
  • Growth — long-term savings

Get rewarded with relationship interest rates[1] on your balances in your Growth account, when you meet certain requirements depending on the type of Virtual Wallet you have.


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If you want to make the most of your money, this account rewards your banking relationship with higher interest rates
  • Open with initial deposit of $100 or up to $10,000
  • Higher balances earn higher interest rates
  • Higher relationship rate when certain qualifications are met[1]
  • Unlimited deposits and transfers into the account
  • FDIC insured to the maximum permitted by law

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If you want an easy way to jump start your savings and help you achieve your short- and long-term goals
  • Open with initial deposit of $25
  • Earn higher relationship rate when certain qualifications are met[2]
  • Unlimited deposits and transfers into the account
  • Auto Savings tool that allows you to establish a recurring savings routine
  • Overdraft protection - link your Standard Savings account to your PNC checking account[3]
  • FDIC insured to the maximum permitted by law

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If you want a fun and friendly way to help you teach your child about saving, sharing and spending
  • Interactive online banking experience that presents basic money concepts with Sesame StreetTM tips on learning financial basics
  • No service charge for account holders under 18
  • Interest on balances starting at $1.00
  • With Goal Setting, set specific savings goals with your child that they can achieve over time

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If you want to earn a fixed interest rate - longer terms tend to offer higher rates
  • Fixed rate of return (earn higher rates with longer terms)
  • Variety of terms available ranging from 7 days to 10 years with automatic renewal
  • FDIC insured to the maximum permitted by law
  • Supplement retirement savings with a tax-deferred IRA CD

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If you want to save for retirement with tax advantages
  • Open with as little as $1000 for an IRA CD ($25 for an IRA Money Market)
  • Potential tax advantages
  • Fixed interest rates on IRA CD
  • Deposits can be made at anytime on IRA Money Market
  • Maximum annual contribution limits apply. Withdrawals before age 59½ may be subject to a penalty.


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Strategies for Achieving Your Savings Goals

Enjoy top financial bloggers and videos as PNC Achievement Sessions brings you the scoop on savings. Topics include college, emergencies, military deployment and more.

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Auto Savings

With Auto Savings, transfers will occur from your checking to your savings account - automatically, eliminating much of the discipline of saving money.

Learn More »

PNC Checking

Makes your financial life simpler! Find out which checking account is best suited for your lifestyle and banking needs.

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Important Legal Disclosures and Information

  1. In order to qualify for a Relationship Rate for Premiere Money Market, you must have a linked checking account (for the Performance Checking Relationship Rate, you must have a linked Performance Checking or Virtual Wallet® with Performance Spend; for the Performance Select Checking Relationship Rate, you must have a linked Performance Select Checking or Virtual Wallet with Performance Select) and meet one of the following requirements:

    • Make a combination of 5 or more PIN and/or signature point-of-sale transactions (excluding cash advances) posted during the previous calendar month to your Checking account using your Visa® Debit Card or to your linked Visa Credit Card.
    • Have $2,000 in qualifying direct deposits ($1,000 for WorkPlace or Military Banking customers) in a linked Virtual Wallet with Performance Spend or Performance Checking during the previous calendar month.
    • Have $5,000 in qualifying direct deposits in a linked Virtual Wallet with Performance Select or Performance Select Checking during the previous calendar month.

    (A qualifying direct deposit is a recurring electronic deposit made by an employer or an outside agency. Transfers made from one account to another or deposits made via a branch, ATM, online transfer, mobile device or the mail are not eligible to meet this requirement.)

    Starting with the calendar month following when you open your Premiere Money Market account, and monthly thereafter, whether the account earns the variable Standard or Relationship Rate for the entire calendar month will be determined on the first of the month based upon the number of qualifying transactions or direct deposit requirement from the previous calendar month.

    If there are changes to your linked checking account (it is closed, changed to a new account type or no longer linked to your Premiere Money Market account), you may no longer qualify for a Relationship Rate, or the rates may otherwise change to those in effect at the time of the change.

    Important Note: Your Premiere Money Market account will earn the highest rate available to you (Rate Offer, Standard or Relationship Rate) for which you qualify based on the applicable balance tier and the criteria above.

  2. In order to qualify for the Relationship Rate for Standard Savings, you must have a linked Standard Checking, Performance Checking, Virtual Wallet® with Performance Spend, Performance Select Checking or Virtual Wallet with Performance Select and meet any one of the following requirements:

    • Make a combination of 5 or more PIN and/or signature point-of-sale transactions (excluding cash advances) posted during the previous calendar month to your Checking account using your Visa® Debit Card or to your linked Visa Credit Card.
    • Have $500 in qualifying direct deposits in a linked Standard Checking during the previous calendar month.
    • Have $2,000 in qualifying direct deposits ($1,000 for WorkPlace or Military Banking customers) in a linked Virtual Wallet with Performance Spend or a Performance Checking during the previous calendar month.
    • Have $5,000 in qualifying direct deposits in a linked Virtual Wallet with Performance Select or a Performance Select Checking during the previous calendar month.

    (A qualifying debit card purchase is defined as any debit card purchase made at point of sale using your signature PIN, or a purchase made electronically or online using your debit card number, inlcuding recurring payments.)

     

    Starting with the calendar month following when you open your Standard Savings account, and monthly thereafter, whether the account earns the variable Standard or Relationship Rate for the entire calendar month will be determined on the first of the month based upon the number of qualifying transactions or direct deposit requirement from the previous calendar month.

    If you or we make changes to your linked checking account (it is closed, changed to a new account type or no longer linked to your Standard Savings account), you may no longer qualify for a Relationship Rate.

  3. Federal regulation prohibits you from making more than a total of 6 transfers each month to other accounts from a savings or money market account (including transfers to another account for overdraft protection) or to third parties each month by check, through point-of-sale purchase transactions with a banking card, by preauthorized or automatic agreements, telephone, or online. See your account agreement for more information. Other limits may apply to your account. Excessive transactions may result in changing your Money Market or Savings account to a non-interest bearing checking account.

Please see the Virtual Wallet Fine Print or the Account Agreement for Personal Accounts for additional information.

Investments are not FDIC insured, not bank guaranteed, may lose value.

"Sesame Street®", "Sesame Workshop®" and associated characters, trademarks, and design elements are owned and licensed by Sesame Workshop.
©2015 Sesame Workshop. All Rights Reserved.

'S' is for Savings is a registered mark of The PNC Financial Services Group, Inc.

Bank deposit products and services provided by PNC Bank. Member FDIC

Important Legal Disclosures and Information

  1. Annual Percentage Yield (APY) accurate as of 8/22/2018. The minimum balance to earn interest on your High Yield Savings account or Virtual Wallet Growth account is $1.00.  We may refuse or return any deposit amount causing the combined balance of all of your PNC accounts to exceed $5,000,000 (including any jointly owned, or in the case of an account owned by a living trust, jointly managed accounts).

    Rates and APYs may vary and may change after account opening. Fees may reduce earnings. Available in eligible markets. Business accounts not eligible. 

  2. Accounts remaining unfunded for a period of 60 days may be closed.  Initial deposit is limited to $50,000.  A $25 fee will be charged to accounts closed within 180 days of opening.

  3. The amount of deposit insurance available on deposits at an insured institution depends on a number of factors, including but not limited to, ownership types and other accounts a depositor has at an institution.  For more information, visit www.fdic.gov.

  4. If you make at least 5 qualifying purchases in a month with your Virtual Wallet Debit Card and/or PNC credit card included in your Virtual Wallet or set up a qualifying monthly direct deposit of at least $500 for Virtual Wallet, or $2,000 ($1,000 for PNC WorkPlace Banking® or Military Banking customers) for Virtual Wallet with Performance Spend, or $5,000 for Virtual Wallet with Performance Select, you’ll earn the higher relationship rate on your Growth account for the following month. Transactions are considered to be made when the transaction posts to the Spend or credit card account, which may be later than the date you initiated the transaction.

    We will only link accounts at your direction. If you have not directed PNC to link another account to your Virtual Wallet, the accounts will not be linked and you will not receive a relationship rate, applicable waivers of monthly service charges or other relationship benefits on your unlinked PNC accounts. The requirement that you direct us to link accounts in order for you to receive benefits applies to all of your PNC accounts.

    A qualifying direct deposit is a recurring electronic deposit made by an employer or an outside agency. Transfers made from one account to another or deposits made via a branch, ATM, online transfer, mobile device or the mail are not eligible to meet this requirement.

Please see the Virtual Wallet Fine Print or the Account Agreement for Personal Accounts for additional information.

Bank deposit products and services provided by PNC Bank. Member FDIC