The PNC High Yield Savings^SM account is a savings account available in select markets offering competitive rates on savings account balances.  

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]

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.

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 60 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]

If you close your account within 180 days of opening, a $25 fee will be charged to your account.