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Re: PNC Bank CD Rates
Certificate of Deposits (CD) are the simplest way to save if one does not require immediate access to money. It usually pay a higher interest rate than a traditional savings or money market account and, generally, the longer the term that invest for, the higher the interest rate. PNC Bank's CD has a 1 year APY of 0.18% and requires a minimum deposit of $1,000. The 1 year CD has a significantly below-average yield compared to the national average of 0.35%. The CD rates from PNC Bank receive an overall Smart Rating of 76 out of 100 based on the interest rates (APY), funding options, and account features. Most of the institutions evaluated receive a Smart Rating around 60. Rates PNC Bank offers a 6 month CD that currently offers a below market average return of 0.08% on investment. The 5 year CD provides a below market average return of 0.70%. Current CD Rates as on 19th October 2015 Term Length APY Tier Min Tier Max 3 Months 0.06% $10,000 $24,999 6 Months 0.08% $10,000 $24,999 12 Months 0.18% $10,000 $24,999 24 Months 0.30% $10,000 $24,999 36 Months 0.35% $10,000 $24,999 48 Months 0.55% $10,000 $24,999 60 Months 0.70% $10,000 $24,999 |
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