Update 12/4/19: Rate has now decreased to 1.9%, for the best high yield savings accounts click here
Update 11/11/2018: Rate increased to 2.35% APY from 2.2% APY. Hat tip to reader Gerry. This is now the top high yield savings account.
Offer at a glance
- Interest Rate:Â 1.9% APY
- Minimum Balance:Â None
- Maximum Balance: N/A
- Availability:Â Looks like this excludes any state with a physical PNC branch. List of those states here.
- Hard/soft pull:Â SoftÂ
- ChexSystems: Mixed datapoints
- Credit card funding:Â Up to $2,000 with Visa, Discover or Mastercard
- Monthly fees:Â None
- U.S. Citizen: Yes, required to be a citizen to open online
- Insured:Â FDIC
The Offer
- PNC now offers a high yield savings account offering 1.9% APY with no requirements or monthly fees
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Our Verdict
The top high yield savings accounts are currently offering 2.25%, slightly higher than this account. There is two reasons why you might choose this account over those:
- You can fund this with a credit card, earning you rewards points or helping to meet minimum spend requirements
- Balances in this account can be used to help keep the PNC checking accounts fee free, they offer bonuses of up to $300
Hat tip to readers 9ballAJ and the other readers who previously sent this in that I have unfortunately forgotten about.
