pnc-logo-2-300x300

(MP) PNC Bank is a branch bank founded in 1804 and headquartered in Wilmington, DE. It operates 2,967 branches in 21 states with online services available to customers located outside of those states. Based on PNC’s fees, size, and account interest rates it gets a MoneyPacers Rating of 4.1 out of 5, which is slightly below the average of 4.3 for a national bank.

Interest Rates

The Health Savings account has an APY (annual percentage yield) of 0.11%, which is slightly below the national average rate of 0.14%. Check out other banks that offers a high yield savings account if you must.

Money Market – 0.20%

Checking Accounts – 0.01%

Monthly Fees

With the highest yielding account, the monthly fee is $1.29 below the market average. Maintaining the minimum balance requirement will waive this fee, but if you fail to do so your costs will be minimal.

Minimum Balance Requirement

The minimum balance requirement of $5,000 is relatively high. Make sure you have the funds to meet this requirement.

CD Interest Rates

Check out a few different CD rates from PNC Bank. Rates vary from 0.05% – 1.50% depending on the Certificate of Deposit terms and minimum amount deposited. The 1 year option has a significantly below-average yield compared to the national average of 0.35%. Browse high yield CDs from other financial institutions to find one with a better return.

Fees

APR Fees: Depend on your credit score and type of credit card. I’ll be reviewing PNC’s cards soon.

Fees: The annual fee is similar to a membership fee. Cards with a higher fee may offer extra perks such as attractive rewards or bonuses. Most card issuers charge an annual fee around $36.

Financial Information

Total Deposits: $231 Billion
Total Assets: $317 Billion
Financial Stability Rating: 3.3 out of 5

— Higher Fees than competitors
–Higher Checking Account rates than other banks
–Lower Savings Account rates than other banks
–More Branches per state than most national institutions
–Fewer ATMs per state than comparable institutions

Please join the survey below and tell us your experience with PNC Bank.

Don Briscoe
Follow me

Don Briscoe

Finance educator, advisor, and leading voice in the global financial literacy movement.Founder and editor of MoneyPacers.com.He lives and enjoys life with his family in New York.
Don Briscoe
Follow me

Leave a Reply

Your email address will not be published. Required fields are marked *