PNC Bank CD Rates
As the market changes, we here at Highest CD Rates Info want to keep you abreast of the latest. Today, we’re introducing a bank we haven’t covered before: PNC.
Pittsburgh-based PNC Financial Services offers a multitude of services for direct banking and Certificates of Deposit investments. The bank plays an important role in the regional banking market and has sufficient branches to cater to the needs of its customers. PNC Bank CD Rates are an important determinant of the company’s financial condition and quality of services extended to its customers.
PNC CD rates are accrued after examining the local and national averages and are subject change as per the economic indicators. Fixed rate CDs are the more popular option and are available for a term of seven days to 10 years. For an average investment of $1,000 on a 1-year term CD, interest rates would be accrued at 0.75% APY for Choice/Premium plan. For the Performance Select checking account, they would be accrued at 0.75%.
PNC Bank certificate of deposit rates for 3-months or 12-months Ready Access are 0.20% APY and 0.70% APY, respectively. They are similar for the Premium and Performance Select accounts. Ready Access accounts provide a safe deposit and guaranteed returns for shorter periods of time. Longer investments, on the other hand, require either fixed-rate CDs or those with a step rate.
The role of current CD rates in determining the final rates is crucial though long-term investments are offered at constant rates. As for the highest CD rates, Step Rate is a better arrangement. It is a combination of 6-month certificates where interest rate is increased during this period. Minimum investment for this account is $2,500.