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PNC Bank Savings Account
|Opening a PNC Bank Savings Account is one of the best ways to save your hard earned money for future use. Most financial experts strongly believes that good investment and savings strategy should include some portion of the savings in FDIC insured accounts like money market accounts, savings account, CDs and IRAs. These types of bank accounts are easy to access and they offer safe, predictable and savings growth. Moreover, the basic coverage provided by FDIC has also been increased to $250,000 up to December 31, 2013. Some of the popular PNC Bank Savings Accounts are discussed below.
Statement Savings Account
Statement Savings Account is one of the best savings products made available by the PNC Bank to a large number of customers. This savings account has a minimum opening amount of $25 and the minimum amount to earn interest is $1. This popular account features unlimited deposits and transfers into the account. One can enjoy three free withdrawals every month then $3 will be charge for each withdrawal when the balance falls below $1,500. Statement Savings Account holders can enjoy auto savings by making automatic transfer and grow their savings. The bank offers attractive interest rate as the balance amount increases. One can also avoid monthly service fee by making auto savings transfer of $25 every month from PNC Savings or checking account.
Premium Money Market Account
To open a Premium Money Market Account, you will require a minimum amount of $100. Depending on tiered rates, available balance will earn interest at $1. With this type of account, you get unlimited deposits and transfers into your account. Moreover, you can enjoy fast and easy access to your funds through checks and ATMs. Account holders also get free and unlimited use of telephone banking and online banking by opening premium money market account offered by PNC Bank.
Certificate of Deposits
PNC also provides a range of CDs terms which are also a reliable way to make savings. The minimum opening amount varies according to the type of CD term. There are no monthly service charge and the bank offers competitive interest rates for every term. Interest rates for the term are specified on fixed-rate CDs.
However, there will be penalty on early withdrawal for most of the terms. Other than the types of savings accounts discussed above, PNC Bank offers several more such as the Savings Max account, Individual Retirement Accounts, Health Savings Account and Virtual Wallet.
If you have any questions, you can call at 800-762-5684, available Monday - Friday from 7:00 A.M. - 10:00 P.M., and Saturday & Sunday from 8:00 A.M. - 5:00 P.M. ET.