PNC CD Rates: Low APY, Variety of Terms
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PNC CD rates are low, but the bank offers a variety of CD types and term lengths
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The bottom line: PNC Bank offers a variety of CD term lengths, but its CD rates are low. You'll probably find similar rates at other brick-and-mortar banks, but if you're comfortable banking digitally, then you can earn significantly higher rates with an online institution.
CD rates
PNC Fixed Rate CD rates
A PNC Fixed Rate CD locks in the APY (Annual Percentage Yield) until your CD matures. PNC's mandatory minimum deposit is $1,000, so the APYs listed for $1 to $999.99 are only relevant for CD renewals.
| Term length | Annual Percentage Yield (APY) ($1 to $999.99) | APY ($1,000 to $24,999) | APY ($25,000+) |
| 1 month | 0.01% | 0.02% | 0.03% |
| 3 months | 0.01% | 0.02% | 0.03% |
| 6 months | 0.01% | 0.02% | 0.03% |
| 1 year | 0.01% | 0.02% | 0.03% |
| 1.5 years | 0.01% | 0.02% | 0.03% |
| 2 years | 0.01% | 0.02% | 0.03% |
| 3 years | 0.01% | 0.02% | 0.03% |
| 4 years | 0.01% | 0.02% | 0.03% |
| 5 years | 0.01% | 0.02% | 0.03% |
| 7 years | 0.01% | 0.02% | 0.03% |
| 10 years | 0.01% | 0.02% | 0.03% |
PNC Promotional CD rates
PNC Fixed-Rate Promotional CDs work the same way as the Fixed-Rate CDs, but they have different term lengths, and offerings may change. Again, the minimum deposit is $1,000.
| Term length | APY |
| 7 months | 0.05% |
| 9 months | 3.25% |
| 13 months | 2.00% |
| 19 months | 1.25% |
| 25 months | 1.50% |
| 37 months | 1.75% |
| 61 months | 2.00% |
PNC Ready Access CD rates
A Ready Access CD is like a no-penalty CD. Once your account has been open for seven days, you can withdraw funds before your CD matures without paying a penalty.
| Term length | APY for $1,000+ |
| 3 months | 0.01% |
| 1 year | 0.02% |
PNC may be a good option if you're looking to open a CD with a longer term. Many banks only have CDs with terms up to five years, but PNC has terms up to 10 years. The early withdrawal penalties are also relatively low, especially for longer-term CDs.
Along with fixed-rate CDs, PNC also has a Ready Access CD, which is similar to a no-penalty CD — after the first seven days, you can withdraw funds without paying a penalty. You can only choose from a 3-month and 12-month term, though, unless PNC is offering a promotion.
PNC pays similar rates as other brick-and-mortar banks. But you can find significantly higher rates at online banks.
PNC CD rates vs. Bank of America CD rates
You may end up earning a higher rate with either PNC or Bank of America. It all depends on how much money you have for an opening deposit and which CD term you're looking for.
Regardless, both banks pay low rates on CDs. Your decision between the two could come down to which bank has a branch closer to your home.
PNC CD rates vs. Capital One 360 CD rates
Capital One 360 pays significantly higher rates than PNC. Capital One is technically considered an online bank, but it has over 470 branches in eight states and Washington DC, so you can have a hybrid in-person/online banking experience.
The only problem is that Capital One has branches in fewer states than PNC, so you might not have a location near your home.
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