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PNC Bank High Yield Savings Account 2.20% APY up to $5mil with $0 minimum

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PNC has one of the only High Yield Savings Accounts with a decent rate that doesn't require 10+ debit card transactions to receive the "relational" rate. For some reason they bury the requirements within the application, but here they are:

In order to qualify for a Relationship Rate on Premiere Money Market, you must have a linked checking account (for the Performance Checking Relationship Rate, you must have a linked Performance Checking or Virtual Wallet® with Performance Spend; for the Performance Select Checking Relationship Rate, you must have a linked Performance Select Checking or Virtual Wallet with Performance Select) and meet one of the following requirements:

1- Make a combination of 5 or more PIN and/or signature point-of-sale transactions (excluding cash advances) posted during the previous calendar month to your Checking account using your Visa® Debit Card or to your linked Visa Credit Card.

2- Have $2,000 in qualifying direct deposits ($1,000 for WorkPlace or Military Banking customers) in a linked Virtual Wallet with Performance Spend or Performance Checking during the previous calendar month.
3- Have $5,000 in qualifying direct deposits in a linked Virtual Wallet with Performance Select or Performance Select Checking during the previous calendar month.
Starting with the calendar month following when you open your Premiere Money Market account and monthly thereafter, whether the account earns the variable Standard or Relationship Rate for the entire calendar month will be determined on the first of the month based upon the number of qualifying transactions or direct deposit requirement from the previous calendar month.

This is one of the highest rates I can find, especially without requiring debit card transactions, which is a waste in my opinion since you should be earning cash back on your credit card instead.shake head

https://www.pnc.com/en/personal-b...vings.html
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Created 09-15-2018 at 10:20 AM by pitbull86
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Joined May 2017
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#2
pnc gets poor customer reviews
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#3
We're sorry, but this product currently is not available in your area.
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Joined Mar 2009
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#4
There are 6 offers right now for 2.25% APY that don't require the debit transactions. https://www.doctorofcredit.com/hi...gs-to-get/
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Joined Nov 2013
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#5
If I had 5 millions, I won't save it to a saving account.
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Joined Nov 2014
The Shwartz be with you!
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#6
This heavily weighted toward Direct Deposit, and competition a minimum amount maintained. And PIN'd transactions overlap aplenty with debit transactions.
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#7
too much trouble. just use american express saving (1.8%) with none of the fuzzz
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#8
"For some reason they bury the requirements within the application"

lol...
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#9
I don't use a debit card for anything other than the atm. ever. if you are in the position to worry about risk-reduced returns, debit cards aren't even on your radar - and you earn at least 2% on every purchase using your credit card. Good to hear that they don't require debit card use.
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#10
Quote from kgorilla
:
There are 6 offers right now for 2.25% APY that don't require the debit transactions. https://www.doctorofcredit.com/hi...gs-to-get/
Which is the best offer without DD or needing to jump through hoops performing certain actions each month?
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Joined Aug 2011
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#11
I personally just park money at CIBC Bank in their Agility Savings Account. 2.1% APY and no fees for anything. No laundry list of tasks either.
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#12
Quote from namlook
:
Which is the best offer without DD or needing to jump through hoops performing certain actions each month?

I personally just park money at CIBC Bank in their Agility Savings Account. 2.1% APY and no fees for anything. No laundry list of tasks either.
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Joined Nov 2010
"Buy Low-Live High"
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#13
Quote from kgorilla
:
There are 6 offers right now for 2.25% APY that don't require the debit transactions. https://www.doctorofcredit.com/hi...gs-to-get/

Repped. Dr. of Credit is awesome
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Joined Jul 2011
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#14
Unless you have an extremely large amount of money or are maxed out on new account signup bonuses with Chase, Capital One, etc, you are better off opening new accounts to get large signup bonuses of at least $200 per account.
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#15
Imagine someone with 5 million following through with those requirements
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