Brand by PNC; Illustration by Hunter Newton/Bankrate
PNC Financial institution presents CDs with 11 customary phrases and some promotional phrases, giving prospects lots of flexibility to fulfill their short- and long-term financial savings targets. Although PNC Financial institution presents tiered charges for increased balances, its yields will be beat by nearly any on-line financial institution.
PNC Financial institution earned 3.7 stars out of 5 for its CDs and an total score of 4.0 stars out of 5 in Bankrate’s evaluation.
PNC CD charges
Right here’s a more in-depth take a look at the fixed-rate CDs that PNC presents. Charges differ by location. The charges listed under are for New York Metropolis. The $1-$999.99 tier is just for renewal.
1-month CD
| Account | Time period | APY | Stability required to earn curiosity |
|---|---|---|---|
| Mounted Charge CD | 1 month | 0.01% | $1-$999.99 |
| Mounted fee CD | 1 month | 0.02% | $1,000-$24,999.99 |
| Mounted fee CD | 1 month | 0.03% | $25,000 and extra |
3-month CDs
| Account | Time period | APY | Stability required to earn curiosity |
|---|---|---|---|
| Mounted Charge CD | 3 months | 0.01% | $1-$999.99 |
| Mounted Charge CD | 3 months | 0.02% | $1,000-$24,999.99 |
| Mounted Charge CD | 3 months | 0.03% | $25,000 and extra |
6-month CDs
| Account | Time period | APY | Stability required to earn curiosity |
|---|---|---|---|
| Mounted Charge CD | 6 months | 0.01% | $1.00-$999.99 |
| Mounted Charge CD | 6 months | 0.02% | $1,000-$24,999.99 |
| Mounted Charge CD | 6 months | 0.03% | $25,000 and extra |
1-year CDs
| Account | Time period | APY | Stability required to earn curiosity |
|---|---|---|---|
| Mounted Charge CD | 1 12 months | 0.01% | $1-$999.99 |
| Mounted Charge CD | 1 12 months | 0.02% | $1,000-$24,999.99 |
| Mounted Charge CD | 1 12 months | 0.03% | $25,000 and extra |
18-month CDs
| Account | Time period | APY | Stability required to earn curiosity |
|---|---|---|---|
| Mounted Charge CD | 18 months | 0.01% | $1-$999.99 |
| Mounted Charge CD | 18 months | 0.02% | $1,000-$24,999.99 |
| Mounted Charge CD | 18 months | 0.03% | $25,000 and extra |
2-year CDs
| Account | Time period | APY | Stability required to earn curiosity |
|---|---|---|---|
| Mounted Charge CD | 2 years | 0.01% | $1-$999.99 |
| Mounted Charge CD | 2 years | 0.02% | $1,000-$24,999.99 |
| Mounted Charge CD | 2 years | 0.03% | $25,000 and extra |
3-year CDs
| Account | Time period | APY | Stability required to earn curiosity |
|---|---|---|---|
| Mounted Charge CD | 3 years | 0.01% | $1-$999.99 |
| Mounted Charge CD | 3 years | 0.02% | $1,000-$24,999.99 |
| Mounted Charge CD | 3 years | 0.03% | $25,000 and extra |
4-year CDs
| Account | Time period | APY | Stability required to earn curiosity |
|---|---|---|---|
| Mounted Charge CD | 4 years | 0.01% | $1-$999.99 |
| Mounted Charge CD | 4 years | 0.02% | $1,000-$24,999.99 |
| Mounted Charge CD | 4 years | 0.03% | $25,000 and extra |
5-year CDs
| Account | Time period | APY | Stability required to earn curiosity |
|---|---|---|---|
| Mounted Charge CD | 5 years | 0.01% | $1-$999.99 |
| Mounted Charge CD | 5 years | 0.02% | $1,000-$24,999.99 |
| Mounted Charge CD | 5 years | 0.03% | $25,000 and extra |
7-year CDs
| Account | Time period | APY | Stability required to earn curiosity |
|---|---|---|---|
| Mounted Charge CD | 7 years | 0.01% | $1-$999.99 |
| Mounted Charge CD | 7 years | 0.02% | $1,000-$24,999.99 |
| Mounted Charge CD | 7 years | 0.03% | $25,000 and extra |
10-year CDs
| Account | Time period | APY | Stability required to earn curiosity |
|---|---|---|---|
| Mounted Charge CD | 10 years | 0.01% | $1-$999.99 |
| Mounted Charge CD | 10 years | 0.02% | $1,000-$24,999.99 |
| Mounted Charge CD | 10 years | 0.03% | $25,000 and extra |
Be aware: Annual share yields (APYs) proven are as of April 12, and should differ by area for some merchandise.
PNC additionally presents a number of promotional-rate CDs. The very best promotional fee provided is 5.05 p.c APY on a four-month CD with a stability of not less than $1,000.
How PNC’s CD charges examine with top-yielding banks
PNC presents a big number of CD phrases, however they pay low yields. You could find increased charges on one-year CDs at many on-line banks, together with:
Be sure you examine CD charges at a number of banks earlier than deciding the place to place your cash that can assist you lock within the highest returns and meet your monetary targets quicker. Minimal deposit necessities differ from financial institution to financial institution, so assessment the account settlement to keep away from any undesirable penalties or charges.
Different financial savings choices at PNC
PNC presents a Commonplace Financial savings account, Excessive Yield Financial savings account, Digital Pockets with customary and relationship charges, and cash market accounts.
