PNC High Yield Savings℠
An online savings account designed to work harder to help you achieve your financial goals.
Features & Benefits
No Minimum Balance
Apply online. If approved, fund your account and start growing your savings.
Member FDIC
Deposits are insured up to the maximum amounts allowed by law.[2]
No Monthly Service Charges
And no charges for deposits or transfers into your High Yield Savings account.
Why Choose PNC for your High Yield Savings Account?
Trusted for 160 Years
PNC offers solutions that can help you confidently navigate your finances during any phase of life.
Let us help you gain the confidence you need to make important financial decisions for you and your family.
Setting up, funding and accessing your funds is simple and safe:
| Fund your account with transfers from... |
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| Minimum to open[4] | — | $0 |
| Minimum balance[1] | — | $0 |
| Monthly service charge | — | $0 |
| Cost of online or paper statements[5] | — | $0 |
Available in eligible markets. For more information, see our detailed Consumer Schedule of Service Charges and Fees »
How to Apply and Start Saving
Step 1:
Tell us about yourself
- You'll need a social security number and a government issued photo ID
- You must be at least 18 years old
- You must be a U.S. Citizen
- We'll ask you to answer a few easy questions
Step 2:
If approved, fund your account
- Make your first deposit:
- You'll need online banking credentials if you want to fund from an existing PNC or external bank account
- Or deposit checks via our mobile app after you've enrolled in PNC Online Banking or Mobile Banking[3]
Step 3:
Set up your account and save
- Access your account from your computer, tablet or mobile device
- Download the PNC Mobile App
- Deposit or transfer funds into your High Yield Savings account
Manage your High Yield Savings account with our digital banking tools.
Account transfers.
Keep your savings growing with transfers into your High Yield Savings account from an external or PNC checking account.
Automatic savings plans.
Set up automatic transfers to your High Yield Savings account to add funds automatically.
Mobile check deposit.
Make deposits when and where you want using our mobile app.
Images for illustrative purposes only. Screen enhanced for visual purposes.
What’s a High Yield Savings Account?
The PNC High Yield SavingsSM account is a savings account available in select markets offering competitive rates on savings account balances.
What is the PNC High Yield Savings Rate Based Upon?
The rate is variable. Interest rates are determined using numerous factors, some of which include (but are not limited to): value to customers, economic and interest rate environment, and the competition. PNC evaluates and sets rates on a continuous basis as factors change over time. The minimum balance to earn interest on your High Yield Savings account is $1.00.[1]
What Do I Need to Apply?
In addition to basic name and address information, you'll need:
- Your Social Security Number
- A government issued photo ID – a driver's license or state-issued ID
- You must be at least 18 years old
- You must be a U.S. citizen
- Existing PNC customers, if you are enrolled in online banking, you will need your online banking credentials if you want to fund from an existing PNC bank account
You may also want to review our current interest rates and our Consumer Schedule of Service Charges & Fees before applying.
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each customer that opens an account. What this means for you: when you open an account, we will ask you your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying information.
How Do I Make On-Going Deposits Into My Account?
Deposits Into the Account
Once you've opened your account, you may deposit or transfer additional funds into your PNC High Yield Savings account in the following ways:
- Online Banking[6]: Enroll in online banking and set up your new PNC High Yield Savings account and schedule automatic deposits and transfer funds from a PNC account or from another bank.[7] You can also check balances and set up alerts. You will need your Social Security Number (SSN), Online Access PIN and PNC account number to complete the set-up process. Get started or sign in »
- Mobile Banking: Deposit checks or access your account on-the-go by downloading the PNC Mobile App to your mobile device. For more information and to find the app that's right for you, check out our Mobile Apps Directory. Or learn how to deposit checks by watching this video »
- Send a Wire: To set up an incoming wire transfer you will need your account number and routing number. PNC Bank Routing Number: 043000096
- Bank by Mail: The mailing address is below. Be sure to sign the check(s) you are depositing and include a note with the deposit account information (account name, account number).
PNCBANK
P.O. Box 8108
Philadelphia, PA 19101-8101
Accounts remaining unfunded for a period of 180 days may be closed.
When you open a new High Yield Savings account through PNC Online Banking, we will place an initial hold on the account for a period that will not exceed 5 business days, beginning with the business day on which your online application is completed (or next business day if application is completed on a non-business day). Deposits made during this period will not be available during this period for any purpose. When the initial hold is removed from your account, funds from your deposits, including deposits made during the initial hold period, will be available according to the other provisions of the Consumer Funds Availability Policy within the Account Agreement for Personal Checking, Savings and Money Market Accounts.[3]
Is There a Penalty for Closing my High Yield Savings Account?
If you close your account within 180 days of opening, a $25 fee will be charged to your account.
Make your money work harder for you.
Apply online for a PNC High Yield Savings account.
CHECK RATES APPLY ONLINE
Try Virtual Wallet® Checking Pro
Checking and Savings. Together. No minimum balance or monthly fees. Accounts for spending, planning and saving + digital tools to help you manage your financial life.
Now including Low Cash ModeSM[8]
An innovative, game changing digital tool that helps you avoid overdraft fees with at least 24 hours Extra Time, Payment Controls and Intelligent Alerts.
Is this your home zip code?
PNC product and feature availability varies by location. By using your zip code, we can make sure the information you see is accurate.
If your zip code above is incorrect, please enter your home zip code and select submit.
Important Legal Disclosures & Information
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Annual Percentage Yield (APY) accurate as of . The minimum balance to earn interest on your High Yield Savings account is $1.00. We may refuse or return any deposit amount causing the combined balance of all of your PNC High Yield Savings 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.
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.
PNC does not charge a fee for Mobile Banking. However, third party message and data rates may apply. These include fees your wireless carrier may charge you for data usage and text messaging services. Check with your wireless carrier for details regarding your specific wireless plan and any data usage or text messaging charges that may apply. Also, a supported mobile device is needed to use the Mobile Banking App. Mobile Deposit is a feature of PNC Mobile Banking. Use of the Mobile Deposit feature requires a supported camera-equipped device and you must download a PNC mobile banking app. Eligible PNC Bank account and PNC Bank Online Banking required. Certain other restrictions apply. See the mobile banking terms and conditions in the PNC Online Banking Service Agreement.
When you open a new High Yield Savings account through PNC Online Banking, we will place an initial hold on the account for a period that will not exceed 5 business days, beginning with the business day on which your online application is completed (or next business day if application completed on a non-business day). Deposits made during this period will not be available during this period for any purpose. When the initial hold is removed from your account, funds from your deposits, including deposits made during the initial hold period, will be available according to the other provisions of the Consumer Funds Availability Policy within the Account Agreement for Personal Checking, Savings and Money Market Accounts.
Accounts remaining unfunded for a period of 180 days may be closed. Initial deposit is limited to $250,000. A $25 fee will be charged to accounts closed within 180 days of opening.
A fee may be charged for a staff assisted statement request.
Online Banking is free to customers with an eligible account; however there may be a fee for certain optional services. We reserve the right to decline or revoke access to Online Banking or any of its services. All online banking services are subject to and conditional upon adherence to the terms and conditions of the PNC Online Banking Service Agreement.
Please be advised all funds transfers are subject to your financial institution’s rules and regulations governing your accounts such as savings, custodial, IRA, loan or margin accounts. PNC Bank is not liable or responsible for any costs or losses incurred as a result of the funds transfer requests from and to such submitted by you.
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.
Low Cash Mode is available on select Virtual Wallet products at this time and is only available on the Spend account of your Virtual Wallet product.
*High Yield Savings will no longer be available in the following states as of June 25, 2021: AZ, CA, CO, NM and TX.
PNC High Yield Savings is a service mark of The PNC Financial Services Group, Inc.
Bank deposit products and services provided by PNC Bank. Member FDIC
Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.
