Banking » Compare Banks » Chase Savings vs PNC Standard Savings: Compare Side By Side
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Chase Savings vs PNC Standard Savings: Compare Side By Side

PNC offers much higher savings rate than Chase, but PNC states are very limited. Here's our full savings account comparison
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: April 15, 2024
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: April 15, 2024

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

When it comes to saving money, choosing the right bank and savings account is crucial. With so many options available in the market, it can be challenging to decide which one is the best fit for your financial goals.

In this article, we will compare Chase and PNC Bank's savings accounts side by side, highlighting their key features, benefits, and drawbacks, to help you make an informed decision on which one to choose for your savings needs.

Compare Savings Account Rates

PNC High Yield Savings
Chase Premier Savings
Savings Rate
4.65% The PNC High Yield Savings℠ account is only available to residents of Arizona, California, Colorado, New Mexico and Texas.
0.01%
Minimum Deposit
$0
$25
Fees
$0
$25 per month Can be waived if you carry $300 account balance at the start of the month, $25+ autosave or linking a Chase checking account
Promotion
None
None
CD Range
5.05%
3.00% – 4.75%

The table compares the PNC High Yield Savings account and the Chase Premier Savings account across several key features.

Overall, the PNC High Yield Savings account may be a better option for customers who prioritize a high savings rate and no minimum deposit or monthly fees. However, those who value having access to Chase's extensive network of branches and ATMs may opt for the Chase Premier Savings account.

  • Savings Rate: This is the most significant factor, and PNC wins without competition. The PNC High Yield Savings account offers a significantly higher savings rate compared to Chase Premier Savings account's rate of 0.01%. This may be a consideration for customers who do not have the minimum amount to open the account.
  • Fees: PNC High Yield Savings account has no monthly fees, while the Chase Premier Savings account charges $25 per month. This can be a significant factor to consider as customers would want to minimize fees that can eat into their savings, but you can waive the fee quite easily.
  • Promotion: Neither account has a current promotion. Customers may want to keep an eye out for future promotions that can potentially offer additional savings or benefits.
  • CD Rates: Both banks offer certificates of deposit (CDs) with varying rates. PNC's CD rates range from 5.05%, while Chase's CD rates range from 3.00% – 4.75%. Customers who are looking to find an alternative to a savings account may want to explore their options with CDs, especially if you're a Chase customer.

Keep in mind that the The PNC High Yield Savings℠ account is only available to residents of Arizona, California, Colorado, New Mexico and Texas.

Compare Savings Account Features

PNC High Yield Savings
Chase Premier Savings
Easy Transfers
Access to the Chase Network
Automatic Savings Plans
Automatic Savings Program
Mobile Check Deposit
Sapphire Banking Perks
Mobile and Online Banking
Daily Compound Interest

PNC High Yield savings account allows you to transfer funds into your account with no charges. 

You can easily link your new savings account with an external bank account and transfer funds as and when you like.

This account offers automatic savings plans that allow you to set up regular automatic transfers to your High Yield Savings account, making it easier to save money.

Depositing checks is easy and convenient with PNC's mobile app, allowing you to make deposits whenever and wherever you want.

Since the account is exclusively online, you can manage your account through the mobile or online banking platform. With 24/7 access, you can manage your account from anywhere at any time once you sign up for online account management or download the app to your device.

Additionally, PNC's mobile and online banking platform offers a user-friendly interface that makes it easy to manage your account and perform transactions.

With the Chase Premier Savings account, customers have access to an extensive network of approximately 4,900 branches and 16,000 ATMs across the United States. 

This makes it easy to access funds and manage your account, no matter where you are.

Chase Bank's automatic savings program is a useful tool for those who struggle with saving money. By setting savings goals within the Chase mobile app, customers can automate their savings plan and watch as their funds grow over time.

This feature can help make saving money more accessible and achievable for customers.

Customers who link their Premier Savings account to their Chase Sapphire Checking account can take advantage of exclusive perks, including early ticket sales and special event access.

These benefits make it an excellent option for those who enjoy entertainment and experiences.

With the Chase Premier Savings account, interest compounds daily, helping to maximize your earning potential on your account balance.

This means that customers can earn more money over time by keeping their funds in the account and watching their savings grow.

Finding the Best Savings Account Rates

If you are looking for alternative savings accounts to PNC and Chase, here's a comparison table of many other options in the market.

By examining the rates and minimum deposit requirements from different types of financial institutions, you can gain a better understanding of the savings account options available to you.

Bank/Institution
Savings APY
Min Deposit
Type
4.45%
$100
Online Bank
4.40%
$0
Online Bank
4.30%
$0
Online Bank
4.35%
$0
Online Bank
4.45%
$0
Traditional Bank
5.21%
$0
Online Banking
4.40%
$0
Online Banking
4.25%
$0
Online Bank
4.35%
$0
Online Bank
5.00%
$100
Online Banking
4.75%
$0
Online Bank
4.50%
$100
Online Bank
3.06% – 3.10%
$0
Credit Union
4.25%
$0
Online Bank
up to 4.60%
$1,000 – $5,000
Online Bank
Top Offers From Our Partners

UpgradeLogo

Savings Rate: 5.21% APY
Minimum Deposit:
$0
 
CIT-Bank-Logo
Savings Rate: 4.45% APY
Minimum Deposit:
$5,000
Quontic bank logo
Savings Rate: 4.50% APY
Minimum Deposit:
$100
 
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

Compare Chase Savings

There is no competition when it comes to savings rates – Discover wins Chase clearly. However, each of them has its own benefits and tools.

Chase Savings vs Discover Online Savings Account: Compare Side By Side

Ally Savings offers much higher savings rate compared to Chase Savings Premier. What other features and benefits they offer?

Chase Savings vs Ally Bank Savings Account: Compare Side By Side

Capital One Savings provides a significantly higher savings rate when compared to Chase. Let's explore the features and additional benefits.

Chase Savings vs Capital One 360 Performance Savings: Compare Side By Side

Compare PNC Bank Savings

PNC offers higher savings rate than Discover, but the states are very limited. Here's our full savings account comparison: Discover Online Savings Account vs. PNC Standard Savings

Our Savings Accounts Comparison Methodology

The Smart Investor team has conducted a comprehensive comparison of savings accounts, analyzing each based on these critical categories to help you decide where to entrust your savings.

  • Savings Rates: The savings rates category delves into the interest rates offered by each account, assessing their competitiveness in the market. Higher interest rates mean greater returns on your savings over time, providing a crucial incentive for account holders to choose one account over another. Additionally, we explore any promotional rates or conditions that may affect the account's overall value.
  • Savings Features: We examine the features and benefits accompanying each savings account. From account minimums and fees to accessibility through online and mobile banking platforms, these features can significantly impact the convenience and utility of the account for account holders. We also consider perks like overdraft protection, automatic savings plans, and rewards programs.
  • Customer Experience: A positive customer experience is paramount in banking, and we evaluate each institution's performance in this area. This includes aspects such as the ease of account opening, quality of customer service, availability of support channels, and overall user satisfaction on platforms such as Trust Pilot and JD Power ranking.
  • Bank Reputation: The bank's reputation carries weight in the decision-making process. Factors such as financial stability, regulatory compliance, and public perception contribute to the overall trustworthiness and reliability of the institution.

Savings Accounts Reviews

Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
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Best Savings Accounts
Top Offers From Our Partners

UpgradeLogo

Savings Rate: 5.21% APY
Minimum Deposit:
$0
 
CIT-Bank-Logo
Savings Rate: 4.45% APY
Minimum Deposit:
$5,000
Quontic bank logo
Savings Rate: 4.50% APY
Minimum Deposit:
$100
 
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

Chase_logo

Promotion:
$300 New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account and make direct deposits totaling $500 or more within 90 days of coupon enrollment.. Expired on 7/24/2024
Chase Overdraft Assist
With Chase Overdraft AssistSM, you won’t be charged an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day

UpgradeLogo

Fees:
No monthly fees No monthly fees and no overdraft fees. Plus get reimbursed for ATM fees with an active account 
Rewards:
Up to 2% cash back Up to 2% cash back on common everyday expenses for active accounts with monthly $1,000 direct deposit, and up to 1% cash back for other purchases 
Promotion:
$300 Use Promo Code “AXOS300” for a $300 bonus when you apply for a Rewards Checking account
Up to 3.30% APY
to get the maximum rate (up to $50,000) you’ll need monthly direct deposits of $1,500 (0.40% APY), 10 transaction on your debit card (+0.30% APY), average daily balance of $2,500 on Axos Invest Managed Portfolio (+1.00% APY), average daily balance of $2,500 on Axos Invest Self Directed Trading Account(+1.00% APY) and make full monthly payment on loans (mortgage, personal and auto) with Axos account (+0.60% APY).

PNC bank logo

Promotion:
Up to $400 Open a new, select Virtual Wallet product and receive $500/$2,000/$5,000 or more in qualifying monthly direct deposits within 60 days to earn a $100/$200/$400 bonus.
Subject to state availability
PNC Virtual Wallet ® is available in AL, AZ, CA, CO, DC, DE, FL, GA, IL, IN, KY, MD, MI, NC, NJ, NY, NM, OH, PA, SC, TX, VA, WI, and WV. Virtual Wallet ® is offered in the state of MO with the exception of the Greater Kansas City area. Product availability may vary based on where you open your account and the Zip code of your primary address.

Promotion:
Up to $4,000 New customers may earn up to $4,000 when they open an eligible HSBC Premier checking account from January 8, 2024 through March 27, 2024 and complete qualifying activities:

• Receive a cash bonus of $1,500 when you deposit or invest $100,000 – $199,999.99

• Receive a cash bonus of $2,000 when you deposit or invest $200,000 – $299,999.99

• Receive a cash bonus of $2,500 when you deposit or invest $300,000 – 499,999.99

• Receive a cash bonus of $3,500 when you deposit or invest $500,000+

• Earn an extra $500 when you set up recurring monthly Direct Deposits totaling at least $5,000 for 3 months
Wealth Products & Advice
Get access to wealth products, insights and advice from an HSBC Financial Professional through HSBC Securities (USA) Inc
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

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