Our Promise to Readers
At GOBankingRates, we prioritize delivering unbiased reviews and insights. Our team uses data-driven approaches to evaluate financial products, ensuring that our ratings remain independent of advertisers. Explore more about our editorial guidelines and our review methodology.
20 Years
Supporting Your Financial Growth
Review by Experts
Ensuring Accurate Information
Trusted by
Millions Nationwide
In today’s dynamic financial landscape, understanding the latest PNC Bank CD Rates for May 2025 is crucial for anyone looking to enhance their savings strategy. By doing thorough research, you can find the perfect CD to align with your financial ambitions and secure your long-term goals.
May 2025 Update: Exploring PNC Bank CD Rates
PNC Bank’s CD offerings present attractive options with three APY tiers based on your deposit amount. While the rates are fixed during the CD’s term, a larger investment ensures a higher yield. Let’s delve into what PNC’s standard fixed-rate CDs offer:
- Balances from $1 to $999.99: Discover competitive APYs.
- $1,000 to $24,999.99 deposits: Benefit from increased APYs.
- For $25,000 or more: Maximize your yield potential.
Below, we offer a comprehensive view of PNC Bank CD details:
| Features | Key Details |
|---|---|
| Minimum Deposit | – $1,000 for fixed-rate CDs – $250 for IRA CDs – Renewal options from $1 |
| Term Lengths | From 7 days up to 10 years |
| Monthly Compounding | Interest is compounded monthly. |
| Early Withdrawal Penalties | – Varies based on term length. Ranges from earned interest loss to six months’ interest. |
| Grace Period | – 1 day for terms ≤ 31 days – 10 days for longer terms |
Getting to Know PNC’s Standard CDs
PNC Bank’s CD terms, spanning from 7 days to a decade, provide a tiered APY structure. With fixed rates across all terms, the interest rates increase significantly based on your investment, offering potential for financial growth. If retirement savings are your focus, PNC also features Fixed Rate IRA CDs for tax-efficient planning. The following table lists the APYs according to your deposit amount for varying term lengths.
| CD Term Length | APY |
|---|---|
| 1-month CD | From basic to high-end rates. |
| 3-month CD | Unlocks valuable yields. |
| 6-month CD | An opportunity for enhanced returns. |
| 12-month CD | Annual savings amplified. |
Exploring PNC Promotional CD Rates
PNC’s promotional CDs offer enticing terms ranging from four to 61 months. Upon conclusion, these convert to a similar but shorter Standard CD term, with prevailing rates. It’s important to recognize these promotions may vary by location, so staying informed on current offers can be beneficial.
| CD Term Length | APY |
|---|---|
| 4-month CD | Optimal short-term gains. |
| 7-month CD | Mid-range strategies enhanced. |
Types of CDs Offered at PNC Bank
PNC Bank caters to diverse saving needs with these CD types:
Standard CDs
These offer term flexibility—from a few months to multiple years—providing savers with variable goals an opportunity to earn solid interest based on their term choice.
Jumbo CDs
Desirable for significant investments, Jumbo CDs require a minimum of $100,000, promising higher interest rates suitable for individuals or businesses with larger deposits.
Ready Access CDs
For those prioritizing liquidity, these CDs permit penalty-free withdrawals before term-end, balancing income and accessibility.
Fixed-Rate CDs
These CDs assure stable returns throughout the term, ideal for long-term planners seeking market immunity.
Considering Pros and Cons of PNC Bank CDs
Pros:- Lucrative promotional APYs
- Varied term options available
- Accessible online and in-branch
- $1,000 starting deposit could pose challenges
- Rates might roll over with lower APYs
- Physical branch visit required for CD setup
Comparing PNC Bank CD Rates to Other Investments
Exploring alternatives before committing to a CD can optimize your financial strategy:
Opt for High-Yield Savings
For flexibility, these accounts offer easy money access with competitive interest.
Look into Treasury Investments
Government-backed securities ensure safety and steady returns.
Explore Money Market Accounts
A blend of liquidity and interest, offering a viable CD alternative.
Consider a CD Laddering Strategy
Regular maturing CDs ensure accessible funds while averting market effects.
Potential Earnings from a PNC Bank CD
Your earning potential with a PNC CD is determined by:
- Initial deposit size
- Chosen term length
- APY applicable
Let’s evaluate potential earnings based on PNC CD terms and deposits:
| Deposit Amount | Term Length | APY | Estimated Interest Earned |
|---|---|---|---|
| $1,000 | 7 months | From high-end rates | $23.57 |
Opening a PNC Bank CD: Steps You Can Follow
Getting started is easy, whether you’re a seasoned customer or newcomer:
- Select a CD matching your financial goals.
- Schedule a branch visit to submit your application.
- Fund your CD with the initial deposit.
Comparing PNC CD Rates With Competitors
Gain insights by evaluating PNC’s offerings against other banks.
No monthly fees
Subject to early withdrawal penalties
Minimum Requirements
Is a PNC Bank CD the Right Choice for You?
Ideal For:- Current PNC customers
- Those valuing short-term high yield options
- Individuals seeking fixed, predictable earnings
- You prefer online-only banking
- The $1,000 minimum is restrictive
- Higher market APYs are preferable
Securing the Best CD Rate at PNC Bank
For optimal yields, focus on promotional rates and significantly higher balances. Be mindful of automatic rollovers that may reduce your returns.
Sarah Sharkey contributed research to this article.
Information is accurate as of May 21, 2025, and subject to change. For region-specific details, visit the bank’s official website.
Disclaimer: This content isn’t endorsed by entities covered.
For more financial guidance: Click Here For More Personal Finance tips and strategies.
Discover more from Make Money Online and Work From Anywhere
Subscribe to get the latest posts sent to your email.
