While PNC doesn't offer the highest interest rates on its deposit accounts, it does charge low monthly fees, and it also lets you waive those fees not only with a minimum balance but also with minimum direct deposits.
0.40% Annual Percentage Yield (APY)
Customer satisfaction: PNC holds an A+ rating from the Better Business Bureau and a 3.6/5 user score. Overall, PNC offers personal loans with very attractive rates, though it's a bit difficult to get some information on those loans.
A CD, or certificate of deposit, is a type of savings account with a fixed interest rate that's usually higher than a regular savings account, a fixed term length and a fixed date of withdrawal, known as the maturity date. You lock up funds in a CD for a term generally between three months and five years.
In summary: Chase is a good choice if you're looking for a bank with full range of services, physical locations, lots of ATMS, and good mobile banking. PNC Bank offers a variety of deposit account options and budgeting tools. In addition, PNC Bank's mobile app is worth mentioning.
PNC Bank Standard Savings Account Fees
Federal Regulation D limits you to six withdrawals from a savings account each month. If you go over that limit, PNC Bank will charge a $15 fee, which can take a big bite out of the interest you're earning.
Our guide to the highest CD rates available to anyone in the U.S.
| BEST NATIONAL CDs | ||
|---|---|---|
| Evansville Teachers Federal Credit Union | 1.15% APY | 72 months |
| First National Bank of America | 1.15% APY | 84 months |
| First National Bank of America | 1.10% APY | 72 months |
| Apple Federal Credit Union | 0.95% APY | 84 months |
Best CD rates of May 2021
Synchrony Bank: 3 months – 5 years, 0.15% APY – 0.80% APY; no minimum deposit needed to open. Barclays Bank: 3 months – 5 years, 0.10% APY – 0.25% APY; no minimum deposit needed to open. Comenity Direct: 1 year – 5 years, 0.63% APY – 0.90% APY; $1,500 minimum deposit to open.
1. CDs are safe investments. Like other bank accounts, CDs have federal deposit insurance up to $250,000 (or $500,000 in a joint account for two people). There's no risk of losing money in a CD, except if you withdraw early.
PNC Bank's rating is a B+, better than Wells Fargo or TD Bank, but it too gets low marks for its fees and customer satisfaction. The banks above are worth considering, but they're not your only options. The best banks for you are the ones that offer what you need from a financial services company.
Danger Days are notifications when customers might overdraw their account because they have too much money planned to go out of their account because of upcoming bills, outstanding checks, or other planned expenses.
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