Personal Finance
Which IRA is Right for Me?
Savings

Most financial experts agree that any good savings and investment strategy includes keeping a portion of your savings in FDIC insured accounts like savings, money market accounts, CDs or IRAs. Bank accounts such as these are easy to access and offer safe, predictable, savings growth.

FDIC basic coverage has been increased to $250,000 through December 31, 2013. Learn more.

Which Account Is Right For Me? »
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Account Features Monthly Service Charge Account Type
  • Minimum to open is $25.
  • Minimum to earn interest is $1.
  • Unlimited deposits, including transfers into the account.
  • Three free withdrawals per month (including transfers out of the account); then $3 for each additional withdrawal if the balance falls below $1,500.1
  • Auto Savings - Automatic transfers to grow your savings.

 

View current Consumer Schedule of Service Charges and Fees.

Savings accounts for children under age 18 are always free, with no minimum balance requirement.

With an Auto Savings transfer of $25 or more each month from your PNC Checking to Savings Account, you can avoid the monthly service fee.

Statement Savings Account
  • Minimum to open is $100.
  • Balance earns interest at $1.00+ based on tiered rates.
  • Unlimited deposits, including transfers into the account.
  • Easy access with checks1 and through ATMs.
  • Free and unlimited use of Online Banking and Telephone Banking.2
  • Auto Savings - Automatic transfers to grow your savings.
If average monthly balance falls below $1,000. Premium Money Market Account
  • Minimum to open is $100.3
  • Balance earns interest at $10,000+ based on tiered rates.
  • Unlimited deposits, including transfers into the account.
  • Easy access through ATMs.
  • Free use of Online Banking and Telephone Banking.1,2
If average balance falls below $10,000. Savings Max
  • Minimum to open varies.
  • Interest rate for the term specified on fixed-rate CDs.
  • Competitive interest rates.
  • Variety of terms available.
  • Automatic renewal.
  • FDIC insured to the maximum permitted by law.
No monthly service charge.

Penalty for early withdrawal on most terms.
Certificates of Deposit
  • Minimum to open: $25 for money market; $250 for IRA CD.
  • Deposits can be made at any time to money market.
  • Tax advantages.
  • Maximum annual contribution limits apply.
No monthly service charge.

Penalty for early withdrawal if under age 59 1/2 for IRA CDs. Other fees may apply in certain situations.
Individual Retirement Accounts (IRAs)
3 unique accounts that help you spend, save and grow your finances:
  • Growth Account is for your long-term savings. Features a high-yield interest rate.
  • Reserve Account is for your short-term savings.
  • Spend Account is your primary checking account.
  • Plus, great features like a Calendar, Online Bill Pay, Money Bar, Wish List and more.
No minimum balance requirement.

No monthly service charge.4
Virtual Wallet
  • Easy to open
  • Easy to use
  • Ability to grow account
  • Easy to access - multiple ways to help manage your account
  • Setup Fee - $0
  • Transaction Fee - $0
  • Debit Card Fee - $0
  • Monthly Maintenance Fee - $3.95
Health Savings Account

1. 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.
2. There may be a fee for certain optional services available through online banking.See our Consumer Schedule of Service Charges and Fees.
3. For the following counties in Northeastern Pennsylvania - Columbia, Luzerne, Lackawanna, Carbon, Monroe, Wayne, Pike: A Performance Checking account is required and a minimum of $10,000 in funds not currently on deposit at PNC Bank or invested through PNC Investments is required to open Savings Max.
4. If you exceed the 3 check monthly limit, you will be charged a fee of $.50 per check.

Bank deposit products and services provided by PNC Bank, National Association. Member FDIC