PNC CD rates are low, but the bank offers a variety of CD types and term lengths

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  • PNC Bank (Member FDIC) has fixed-rate CDs with terms from 1 month to 10 years.
  • The bank also has no-penalty CDs with 3-month and 1-year terms.
  • PNC CD rates are low, but they’re similar to what you’ll find at other brick-and-mortar banks.
  • See Insider’s picks for the best CD rates »

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.

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PNC CD rates

PNC Fixed Rate CD rates

A PNC Fixed Rate CD locks in the APY 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 lengthAPY for $1 – $999.99APY for $1,000 – $24,999APY for $25,000+
1 month0.01%0.02%0.03%
3 months0.01%0.02%0.03%
6 months0.01%0.02%0.03%
1 year0.01%0.02%0.03%
1.5 years0.01%0.02%0.03%
2 years0.01%0.02%0.03%
3 years0.01%0.02%0.03%
4 years0.01%0.02%0.03%
5 years0.01%0.02%0.03%
7 years0.01%0.02%0.03%
10 years0.01%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, so rates for $1 to $999.99 are only for renewed CDs.

Term lengthAPY for $1 – $999.99APY for $1,000 – $24,999APY for $25,000+
9 months0.01%0.08%0.10%
13 months0.01%0.03%0.05%
19 months0.01%0.03%0.05%
25 months0.01%0.03%0.05%
37 months0.01%0.03%0.05%
61 months0.01%0.03%0.05%

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 lengthAPY for $1,000+
3 months0.02%
1 year0.03%

PNC Fixed Rate Certificate of Deposit

PNC Bank PNC Fixed Rate Certificate of Deposit

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.

How PNC CD rates compare to competitors

You can open a PNC CD as a resident of multiple states along the East Coast and in the Midwest. We compared PNC CD rates to what you’d earn at two banks with presences in many of the same states: Bank of America and Capital One.

PNC Bank
Bank of America
Capital One 360

Editor’s rating (out of 5)


Editor’s rating (out of 5)


Editor’s rating (out of 5)



0.01% to 0.10% APY


0.03% to 0.05% APY


0.10% to 0.40% APY

Minimum deposit


Minimum deposit

$1,000 or $10,000

Minimum deposit


Open a CDOpen a CDOpen a CD

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. If you choose a PNC Promotional CD, then you may earn a little more than you’d earn with any Bank of America CD.

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.

This post was reviewed and updated on February 3, 2021.

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