Bank of America vs. PNC
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Bank of AmericaAdvantage Savings Jan 6, 2026 | PNCPNC High Yield Savings Jan 6, 2026 |
|---|---|---|
| APY | 0.01% | 3.30% |
Est. Earnings | $5,000+$1 $10,000+$1 $25,000+$3 | $5,000+$165 $10,000+$330 $25,000+$825 |
Min Deposit | $100 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. | Eligibility restricted to select states. |
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing Bank of America vs. PNC
As of Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , compared to PNC's 3.30% APY for its PNC High Yield Savings account, with a minimum balance of $0.
PNC pays $329 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while PNC pays $330 - an APY advantage for PNC.
In addition, PNC also offers 0.03% APY for the Standard Savings account, with a minimum balance of $1.
Why Bank of America?
- ✓Available Nationwide
Why PNC?
- ✓Higher potential APY (3.30% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
- ✓Physical branch access (Multiple branches in AL, AZ, CA, CO, DE, DC, FL, GA, IL, IN, KS, KY, MD, MA, MI, MO, NJ, NM, NY, NC, OH, PA, SC, TN, TX, VA, WV, WI)
— Key Feature Differences —
Better Returns at $10,000
PNCPNC's PNC High Yield Savings earns more on smaller deposits (approx. $330 vs $1/yr).
Better Returns at $25,000
PNCPNC's PNC High Yield Savings pulls ahead with larger amounts (approx. $825 vs $3/yr).
Best for Simplicity
PNCPNC's PNC High Yield Savings offers 3.30% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, PNC's PNC High Yield Savings pays $329 more interest on a $10,000 balance than Bank of America's Advantage Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
PNC offers a clear advantage with its High Yield Savings account, boasting an impressive APY of 3.30%, significantly higher than Bank of America's Advantage Savings, which yields only 0.01%. PNC's account requires no minimum deposit or maintenance fees, and it provides better returns even at lower balances. However, eligibility for the High Yield Savings account is restricted to select states. In contrast, Bank of America's savings option has a minimum deposit of $100 and may incur an $8 monthly fee unless certain conditions are met. For those seeking higher returns without complex requirements, PNC is the preferred choice.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Top Market Contenders
Bank of America vs. PNC Savings Calculator
You earn $329 more with PNC than Bank of America on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Bank of America
Advantage Savings
Savings Breakdown
- Interest Earned+$1.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,001.00
PNC
PNC High Yield Savings
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Bank of America | PNC |
|---|---|---|
| APY | 0.01% Verified: 1/6/2026 Stable (90d) | 3.30% Verified: 1/6/2026 ↘︎ 0.55%90d Change |
| Product Name | Advantage Savings | PNC High Yield Savings |
| Minimum Deposit | $100 | $0 |
| Min. Balance for APY | N/A | $0 |
| Monthly Fee | $8 | $0 |
| Branch Access | Yes | Yes |
| Account Type | Online & Branches | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.6 | iOS4.9 Android4.6 |
| Zelle® Support | Available Limit: $3,500/dayFounding member; highest limits for established users. | Available Limit: $2,000/dayCentral to Virtual Wallet suite. |
| BBB Rating | A+ | A+ |
| Important Notes | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. | Eligibility restricted to select states. |
| Next Steps | Visit SiteVerify at Bank of America Non-sponsored link to official site | Visit SiteVerify at PNC Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Bank of America | PNC | |
|---|---|---|---|
| Advantage Savings | PNC High Yield Savings | Standard Savings | |
Current APY | 0.01% | 3.30% | 0.03% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | -5.5 | 0.2 |
Days Since Change | 21 | 20 | 250 |
10-Month High | 0.03% | 3.95% | 0.03% |
10-Month Low | 0.01% | 3.30% | 0.01% |
Adjustments / Mo | 0.19 | 0.39 | 0.10 |
Volatility Score | 0.129 | 0.057 | 0.286 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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