My Banking Direct vs. PNC
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | My Banking DirectHigh Yield Savings Account Jan 7, 2026 | PNCPNC High Yield Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.02% | 3.30% |
Est. Earnings | $5,000+$201 $10,000+$402 $25,000+$1,005 | $5,000+$165 $10,000+$330 $25,000+$825 |
Min Deposit | $500 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | Eligibility restricted to select states. |
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppZelle® 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 My Banking Direct vs. PNC
As of My Banking Direct offers an APY of 4.02% for its High Yield Savings Account, with a minimum balance of $1, compared to PNC's 3.30% APY for its PNC High Yield Savings account, with a minimum balance of $0.
My Banking Direct pays $72 more than PNC on a $10,000 balance after one year. My Banking Direct pays $402, while PNC pays $330 - an APY advantage for My Banking Direct.
In addition, PNC also offers 0.03% APY for the Standard Savings account, with a minimum balance of $1.
Why My Banking Direct?
- ✓Higher potential APY (4.02% vs 3.30%) on all balances
- ✓Available Nationwide
Why PNC?
- ✓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
My Banking DirectMy Banking Direct's High Yield Savings Account earns more on smaller deposits (approx. $402 vs $330/yr).
Better Returns at $25,000
My Banking DirectMy Banking Direct's High Yield Savings Account pulls ahead with larger amounts (approx. $1005 vs $825/yr).
Best for Simplicity
My Banking DirectMy Banking Direct's High Yield Savings Account offers 4.02% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
PNCPNC offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.6 (vs. 4.3)
Shared Benefits
Over a 1-year period, My Banking Direct's High Yield Savings Account pays $72 more interest on a $10,000 balance than PNC's PNC High Yield Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
My Banking Direct offers a High Yield Savings Account with a competitive APY of 4.02%, providing better returns compared to PNC's highest yield of 3.30% from its High Yield Savings account. My Banking Direct's account requires a minimum deposit of $500 but has no direct deposit requirement or maintenance fees, making it a straightforward option for savers. In contrast, PNC's offerings include a Standard Savings account with a minimal APY of 0.03% and a High Yield Savings account available in select states, which may improve rates with linked accounts. Overall, My Banking Direct is the superior choice based on APY.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
My Banking Direct vs. PNC Savings Calculator
You earn $72 more with My Banking Direct than PNC 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.
My Banking Direct
High Yield Savings Account
Savings Breakdown
- Interest Earned+$402.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,402.00
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 | My Banking Direct | PNC |
|---|---|---|
| APY | 4.02% Verified: 1/7/2026 ↘︎ 0.18%90d Change | 3.30% Verified: 1/7/2026 ↘︎ 0.55%90d Change |
| Product Name | High Yield Savings Account | PNC High Yield Savings |
| Minimum Deposit | $500 | $0 |
| Min. Balance for APY | $1 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android4.3 | iOS4.9 Android4.6 |
| Zelle® Support | Available Uses Flagstar/NYCB parent infrastructure. | Available Limit: $2,000/dayCentral to Virtual Wallet suite. |
| BBB Rating | F | A+ |
| Important Notes | - | Eligibility restricted to select states. |
| Next Steps | Visit SiteVerify at My Banking Direct Non-sponsored link to official site | Visit SiteVerify at PNC Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | My Banking Direct | PNC | |
|---|---|---|---|
| High Yield Savings Account | PNC High Yield Savings | Standard Savings | |
Current APY | 4.02% | 3.30% | 0.03% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -4.2 | -5.6 | 0.2 |
Days Since Change | 53 | 21 | 251 |
10-Month High | 4.40% | 3.95% | 0.03% |
10-Month Low | 4.02% | 3.30% | 0.01% |
Adjustments / Mo | 0.39 | 0.39 | 0.10 |
Volatility Score | 0.033 | 0.057 | 0.289 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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