Transaction fees will apply to your account if you exceed six (6) Restricted Transfers in a monthly service charge period. Restricted Transfers are transfers from a savings or money market account to other accounts (including transfers to another account for overdraft protection) or to third parties by check, through point-of sale purchase transactions or similar debit card transactions, by pre-authorized or automatic agreements, telephone, online or similar order payable to a third person. If you make more than a total of six (6) Restricted Transfers in a monthly service charge period, you will be charged a fee for each Restricted Transfer. See your account agreement and fee schedule for more information. Other limits may apply to your account. We reserve the right to suspend enforcement of these transaction limitations, or to modify them, at our discretion.
PNC Savings
We have savings solutions to help you achieve your goals.
Virtual Wallet®
Checking & Savings. Together.
Now including Low Cash Mode®
In today's world, you need more than just a checking account. Virtual Wallet starts with checking (we call it Spend) and digital tools to help you manage your money and stay on track. To best meet your needs, we have three levels of Spend to choose from.
Whether you select a Virtual Wallet with Spend only or add Reserve and Growth for planning, saving and protection, Virtual Wallet works as a powerful solution for today's banking needs.
Premiere Money Market
An account that maximizes your savings.
- Higher interest earning potential
- Unlimited deposits and transfers into the account
- FDIC insured to the maximum permitted by law
Standard Savings
An easy way to jump start your savings and help you achieve your short- and long-term goals.
- Minimum deposit to open: $0
- Earn interest across all balance tiers
- 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[1]
- FDIC insured to the maximum permitted by law
Certificate of Deposit
Earn a fixed interest rate.
- Fixed rate of return
- 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
S is for Savings®
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 Workshop 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
Frequently Asked Questions
Start by identifying the purpose of the account. Ask yourself, are you saving for an emergency fund, a significant purchase, or long-term goals like retirement or education? Knowing your goals will help determine the right type of account. For example, if you need regular access to the funds, a traditional or high-yield savings account offers flexible withdrawals. However, if you do not plan to access the funds for some time, a certificate of deposit may provide higher interest rates in exchange for leaving the funds untouched over a specified term.
Next, compare interest rates across accounts. Higher rates help account balances grow faster, making accounts that earn higher rates an attractive offer for many savers. Also, be mindful of fees, minimum balance requirements, or transaction limits that could diminish earnings or limit access to funds. Finally, consider convenience features, such as automatic savings plans and online and mobile banking capabilities.
You can open a PNC savings account online or in person. You'll need:
- A U.S. government-issued photo ID such as a driver’s license, a non-driving state identification card, a military ID, or a passport.
- Personal information, including Social Security number, date of birth, and current residential address.
You may need more information or additional documentation depending on the account type.
Learn more about the general requirements for opening a new savings account.
Yes – you can open any of our traditional savings accounts online. To open a Certificate of Deposit account, please make an appointment.
We do require customers under the age of 18 to visit a branch with a parent to apply for a new account.
Read the step-by-step guide to opening a savings account online.
Once the account is open, you may be able to manage it entirely online so you can start saving right away from the comfort of your home. However, you may want to consider where our branches are, in case a situation arises where you prefer to handle a transaction or question in-person.
Want to speak to a banker? Find a PNC Branch
Yes, savings accounts earn interest, providing the opportunity to grow your account balance over time. The rates can vary depending on several factors, including the account type, current balance, and market conditions.
Note that some savings accounts may require a minimum balance to receive the advertised interest rate. Accounts may also structure rates in tiers based on the account balance.
Annual Percentage Yield (APY) shows the actual interest rate an account earns in a year, factoring in the effects of compounding. Unlike a simple interest rate, which only calculates interest on the principal amount, APY provides a more comprehensive view by including both the interest rate and whether the interest is compounded daily, monthly, or annually.
If two accounts have the same interest rate but different compounding rates, the account that compounds more frequently has a higher APY and offers greater account growth over a specific period.
Yes! Many people use multiple savings accounts to organize their money for goals or expenses.
We offer several account options, each with unique features to suit different needs.
For example, you might have one account for an emergency fund, another for vacation savings, and a separate account for long-term goals like a down payment on a house.
The minimum balance on a savings account is the smallest amount the owner must keep in the account to receive certain benefits. These benefits may include the waiver of monthly maintenance fees or even the ability to earn some interest on deposited funds.