Please ensure Javascript is enabled for purposes of website accessibility

This device is too small

If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.

Skip to main content
Advertiser Disclosure Many of the offers that appear on this site are from companies from which The Motley Fool receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear) and may influence which products we write about, but our product ratings are not influenced by compensation. We do not include all companies or offers available in the marketplace.
    |    Accessibility Options

PNC Bank CD Rates for 2024

Review Updated
Steven Porrello
Author: Steven Porrello
Steven Porrello
Steven Porrello
Writer

Steven is a personal finance writer covering topics from mortgages to credit cards to market news. He has written for The Motley Fool Canada, Ramsey Solutions, Nerdwallet, Clever Real Estate, and other major outlets. Steven launched his writing career at the age of four with his first book, "Revenge of the Bad Guys." He currently lives in Portland, Oregon.

See Full Bio

| 2 others [ + ]
Matt Frankel, CFP®
Reviewer: Matt Frankel, CFP®
Matt Frankel, CFP®
Matt Frankel, CFP®
Writer, Analyst

Matt is a Certified Financial Planner™ and investment advisor based in Columbia, South Carolina. He writes personal finance and investment advice for Motley Fool Money and its parent company The Motley Fool, with more than 4,500 published articles and a 2017 SABEW Best in Business award. Matt writes a weekly investment column for the Motley Fool ("Ask a Fool") that is syndicated in USA Today, and his work with Motley Fool Money has also been syndicated to MSN and Yahoo! Finance. He has been regularly featured on Fox Business and many other major outlets. He’s a graduate of the University of South Carolina and Nova Southeastern University, and holds a graduate certificate in financial planning from Florida State University.

See Full Bio

Nathan Alderman
Fact Checked: Nathan Alderman
Nathan Alderman
Nathan Alderman
Fact checker

Nathan Alderman has been a full-time Motley Fool employee since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As Motley Fool Money's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.

See Full Bio

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

PNC Bank CD rates are much lower than those of most online banks. However, with terms ranging up to 10 years, few banks offer as much flexibility as PNC Bank.

Find out more about PNC Bank CD rates below, including how they compare to other CDs and whether they're a good fit for you.

  • Our team of experts assessed 100+ banking institutions
  • We evaluate all banking institutions across the same 4 key criteria: annual percentage yield (APY), brand reputation, fees and minimum requirements, and additional perks
  • Our bank ratings are never influenced by our advertising partners
  • We strictly feature products that offer federal insurance and high customer satisfaction, keeping our recommendations unbiased

PNC Bank CD rates for 2024

Rates as of Dec. 18, 2024

APY = Annual Percentage Yield

Offer image for PNC Fixed Rate CD
PNC Fixed Rate CD
MINIMUM DEPOSIT $1,000
6 Mo. APY 9 Mo. APY 1 Yr. APY 13 Mo. APY 1.5 Yr. APY 19 Mo. APY 2 Yr. APY 25 Mo. APY 3 Yr. APY 37 Mo. APY 4 Yr. APY 5 Yr. APY 61 Mo. APY
up to 0.03% up to 3.25% up to 0.03% up to 2.00% up to 0.03% up to 1.25% up to 0.03% up to 1.50% up to 0.03% up to 1.75% up to 0.03% up to 0.03% up to 2.00%

Is a high-yield savings account a better option for you?

A high-interest savings account offers rates competitive with the best CDs accounts, but without having to lock your money away for months or even years at a time. Here are some top-rated high-yield savings account options from our experts.

Account APY Promotion Next Steps
3.80%
Rate info Circle with letter I in it. 3.80% annual percentage yield as of December 27, 2024. Terms apply.
Min. to earn: $0
N/A
Open Account for American Express® High Yield Savings

On American Express's Secure Website.

up to 4.00%²
Rate info Circle with letter I in it. You can earn the maximum APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.
Min. to earn: $0
New customers can earn up to a $300 bonus with qualifying direct deposits!¹
3.80%
Rate info Circle with letter I in it. See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Dec. 6, 2024. Rates are subject to change at any time before or after account opening.
Min. to earn: $0
N/A

PNC Bank Fixed CD Promotional Rates

PNC Bank offers promotional APYs on CDs with certain non-standard term lengths, including 9, 13, 19, 25, 37, and 61 months. At the end of your promotional term, your account will automatically convert to the standard CD term that is closest to but not greater than your original CD term based on the following standard CD terms: 6, 12, 18, 24, 36, and 60 months. In addition, your CD rate will convert to the rate applicable to the standard CD term.

For PNC Bank's promotional CD terms, you'll need to deposit at least $1,000 to get the listed interest rate. All PNC Bank CDs must have initial balances over $1,000.

Compare PNC Bank CD rates

PNC Bank CD interest rates are in line with other brick-and-mortar banks. However, they are much lower than the best CDs found online, especially as many don't have minimum deposit requirements. Compare CD rates below to PNC Bank CD interest rates to find the right CD account for your needs.

Rates as of Dec. 18, 2024
Bank & CD Offer APY Term Min. Deposit Next Steps
APY: 4.00% Term: 1 Year Min. Deposit:  $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

Member FDIC.
APY: 4.25% Term: 10 Months Min. Deposit:  $2,500
Open Account for

On Secure Website.

Member FDIC.
APY: 4.25% Term: 6 Months Min. Deposit:  $500
Open Account for

On Secure Website.

Overview of PNC CDs

With so many term options, PNC Bank Fixed Rate CDs could be a good way to build a CD ladder.

That said, aside from its promotional terms, PNC Bank Fixed Rate CD's offer extremely low APYs, and the highest rates offered are only available for balances of at least $25,000 or on promotional term lengths with deposits of $1,000 or more.

Minimum deposit $1,000
Range of term lengths 7 days to 10 years
Compounding schedule Monthly (and paid monthly)
Early withdrawal penalty All interest that could have been earned in the CD (3 months or less); Three months' worth of interest (3 to 12 months); Six months' worth of interest (12 months or more)
Grace period 1 day for CDs that mature within 31 days; 10 days for all other CD terms
Data source: PNC.com

PNC CD Pros and Cons

While PNC Bank CDs don't boast the strongest APYs, they have other strengths that could balance out their weaknesses.

Pros:

  • Variety of CD terms
  • No monthly fees

Cons:

  • Low APYs
  • Early withdrawal penalty

How much can you earn with a PNC CD?

The great thing about CDs is that your rate stays the same throughout your term. While PNC Bank could adjust rates for CDs it's selling, it can't change yours. For perspective, here's how much you would earn if you deposited $1,000 in each term of a PNC Bank CD.

The numbers in the table below may not be accurate to current APYs and are for example purposes only.

Term APY Earnings
1 month 0.02% $0.02
3 months 0.02% $0.05
4 months 5.05% $16.56
6 months 0.02% $0.10
7 months 4.25% $24.58
9 months 0.05% $0.15
12 months 0.02% $0.20
13 months 2.00% $21.68
18 months 0.02% $0.30
19 months 1.25% $19.86
24 months 0.02% $0.40
25 months 1.50% $31.50
36 months 0.02% $0.60
37 months 1.75% $54.95
48 months 0.02% $0.80
60 months 0.02% $1.00
61 months 2.00% $105.90
84 months 0.02% $1.40
120 months 0.02% $2.00
Data source: Author's calculations

Is a PNC CD safe?

Yes, PNC Bank CDs are safe. PNC Bank is an FDIC member, and all of its accounts are insured up to $250,000 per depositor.

How to open a PNC CD

You have to schedule an appointment at a PNC Bank branch in person to open a CD. Unfortunately, unlike other national banks, you cannot open a PNC Bank CD online.

Keep Reading: How to Open a PNC Bank Account

Who is a PNC Bank CD right for?

PNC Bank CDs are great for current PNC Bank customers who want to keep all their money with one bank. They are also a good option for people who want CDs and don't mind using non-standard CD term lengths in order to get a higher yield.

Other PNC Bank CD accounts

Two other options for earning with PNC Bank CD interest rates exist:

  • PNC Bank IRA CD
  • PNC Bank Ready Access CD

Bottom Line: PNC CD Rates

PNC Bank CDs come in many terms but have unremarkable APYs. While it might be fine for current PNC Bank clients who want to keep their money at one bank, those looking for the best CD rates will find them at other financial institutions.

PNC Fixed Rate CD
  • 6 APY: up to 0.03%
  • 9 APY: up to 3.25%
  • 12 APY: up to 0.03%
  • 13 APY: up to 2.00%
  • 18 APY: up to 0.03%
  • 19 APY: up to 1.25%
  • 24 APY: up to 0.03%
  • 25 APY: up to 1.50%
  • 36 APY: up to 0.03%
  • 37 APY: up to 1.75%
  • 48 APY: up to 0.03%
  • 60 APY: up to 0.03%
  • 61 APY: up to 2.00%
Show All Rates [+] Hide All Rates [-]
Rates as of Dec. 18, 2024

APY = Annual Percentage Yield

Term
PNC Fixed Rate CD
6 Mo.
9 Mo.
1 Yr.
13 Mo.
1.5 Yr.
19 Mo.
2 Yr.
25 Mo.
3 Yr.
37 Mo.
4 Yr.
5 Yr.
61 Mo.
up to 0.03%
up to 3.25%
up to 0.03%
up to 2.00%
up to 0.03%
up to 1.25%
up to 0.03%
up to 1.50%
up to 0.03%
up to 1.75%
up to 0.03%
up to 0.03%
up to 2.00%

Keep reading about PNC Bank

Our CDs methodology

At Motley Fool Money, our certificates of deposit (CDs) ratings primarily focus on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.

Learn more about how Motley Fool Money rates bank accounts.

FAQs

  • PNC Bank CDs offer flexibility with terms from seven days to 10 years, perfect for building a CD ladder. However, the only competitive rates are offered on non-standard promotional term lengths of 9, 13, 19, 37, and 61 months, which might be non-ideal for creating a ladder if you are concerned with maximizing yield.

  • A PNC Bank CD may be a good option for current customers, especially with several promotional CD terms available, but you can earn much higher rates from most online banks.

  • The minimum deposit is $1,000.

  • PNC Bank CDs don't have any monthly service fees. The only fee you'd pay is the early withdrawal penalty, which is imposed if you liquidate your CD before it matures.

  • You can only close a PNC Bank CD early if you pay the early withdrawal penalty.