PNC High Yield Savings
PNC's online savings account pays 3.15% APY with no fees or minimums, but it is only offered in select markets.
Rates verified August 11, 2026Open accountTracked since2026
0 reviews trackedThe Bottom Line
- APY
- 3.15% (verified Aug 11, 2026). All rates and fees
Key facts
- Min. deposit: None
- Monthly fee: None
- Insurance: FDIC insured
Pros
- 3.15% APY with no minimum balance and no monthly service fee
- Backed by PNC, one of the largest US banks, FDIC insured to $250,000
- No minimum deposit required to open the account
Cons
- Offered online in select markets only; availability depends on your ZIP code
- About a point below the 4.00% to 4.15% August 2026 rate leaders
- No ATM card on the savings account; access is via linked account transfers
At a glance
Rates verified August 11, 2026- APY
- 3.15%
- APY note
- As of July to August 2026; variable. Offered online in select markets only, and the APY can vary by market.
- Minimum deposit
- None
- Monthly fee
- None
- FDIC
- Member FDIC, $250k
- Institution
- PNC Bank, N.A.
- ATM access
- No
How this rate compares
8.3x
the FDIC national savings average of 0.38% (August 17, 2026). On a $10,000 balance that is about $277 more in a year.
Last verified August 11, 2026
We re-verify against the issuer's own page when we refresh this listing, and we stamp that date. We do not claim a daily check.
APYs are variable and can change at any time. The FDIC national average is a floor for what an ordinary savings account pays, not a competitor. Named comparisons use each product's last issuer-page check.
Is it worth it?
$315 a year on a $10,000 balance
At 3.15% APY, $10,000 earns about $315 in the first year, versus roughly $38 at the 0.38% FDIC national average (August 17, 2026). That is about $277 more for moving the same money. APY is variable and shown as of the date above.
What is PNC High Yield Savings?
PNC High Yield Savings is the online savings arm of PNC Bank, one of the largest banks in the US. It pays 3.15% APY as of mid 2026 with no minimum balance to open or to earn the rate, and no monthly service fee. It exists to let PNC compete with online banks for deposits, and it comes with one expectation-breaker: this rate is not what walk-in PNC branch customers get on a standard savings account, which pays far less.
Availability is the main asterisk. The high yield rate is offered online in select markets only, historically in areas where PNC has little or no branch presence, and PNC notes the exact APY can vary by market. Enter your ZIP code during the application and you will either see the 3.15% offer or you will not. If you already bank at a PNC branch, do not assume you can convert your existing savings to this rate.
The account itself is simple: deposits are FDIC insured up to $250,000, and you fund and withdraw by linking external accounts or other PNC accounts. There is no ATM card attached to the savings account itself, and while PNC offers full checking products, this is a standalone online account rather than part of PNC's relationship pricing, so it earns the same rate whether or not you hold other PNC products. Day to day, the account runs through PNC's standard online and mobile banking, and money moves in and out by ordinary ACH transfer.
On rate, 3.15% is fine but not leading: top online banks and marketplaces pay 4.00% to 4.15% in August 2026, roughly $85 to $100 more per year on a $10,000 balance. What PNC offers instead is the backing of a major national bank with a full product line, which matters to savers who do not want a fintech or an unfamiliar brand holding their emergency fund.
Get it if you live in an eligible market and want a big-bank home for savings at a rate within striking distance of the leaders. Skip it if you are in a market where it is not offered, if you want the absolute top APY, or if you expect branch service for this account, since it is opened and managed online.
Explore more
PNC High Yield Savings FAQ
What is the PNC High Yield Savings rate?
3.15% APY as of mid 2026, with no minimum balance required to earn it. The rate is variable and PNC notes it can vary by market.
Who can open a PNC High Yield Savings account?
It is offered online in select markets, historically where PNC has little branch presence. Eligibility is checked by ZIP code during the online application.
Are there fees or minimums?
No monthly service fee and no minimum deposit or balance. The 3.15% APY applies from the first dollar.
Is the account FDIC insured?
Yes. PNC Bank is Member FDIC, so deposits are insured up to $250,000 per depositor, per ownership category.
How does 3.15% compare with other high yield savings accounts?
It trails the August 2026 online leaders, which pay 4.00% to 4.15% APY, by roughly $85 to $100 a year per $10,000, but it is far above typical big-bank branch savings rates.
Source: pnc.com