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PNC Savings Account Interest Rates: December 2024

The article from Newsweek discusses the interest rates offered by PNC Bank on its various savings accounts as of the latest update. PNC provides several types of savings accounts, including the Standard Savings, High Yield Savings, and the Virtual Wallet product which combines checking and savings features. The Standard Savings account offers a relatively low APY, typical of traditional brick-and-mortar banks, while the High Yield Savings account provides a higher rate, though still not as competitive as some online-only banks. The Virtual Wallet Growth account, part of PNC's innovative banking package, offers tiered interest rates where the APY increases with higher balances. The article also notes that PNC's rates can change, and it's beneficial for consumers to compare these rates with other financial institutions, especially online banks, which often offer higher yields due to lower overhead costs. Additionally, PNC's savings accounts come with features like ATM access, online and mobile banking, and potential fees which could impact the net interest earned.

Read the Full Newsweek Article at:
[ https://www.newsweek.com/vault/banking/savings/pnc-savings-account-interest-rates/ ]