PNC Bank CD Rates June 2011

June 30th, 2011 Brock Hailes Leave a comment Go to comments

PNC Bank CDs remain a popular choice for savers even with the historically low interest rates being offered by the nation’s largest banks. PNC Bank is the sixth largest U.S bank. In the month of June, 2011 PNC Bank CD rates were falling behind the national average CD rates with the exception of the limited bank promotional CD rates.

PNC Bank CDs are available with a wide array of terms and an assortment of different CD types. The standard PNC Bank CDs comes with terms that range from as short as 7 days to as long as 10 years. PNC Bank also markets callable CDs, variable rate CDs, ready access CDs and step up CDs.

The PNC Bank callable CDs can be called in by the bank after a term of 1 year on the 3 year term CD and 2 years on the PNC Bank 5 year term callable CD. The variable rate CD changes at predetermined times based on an index. PNC Bank currently offers an 18 month variable rate CD that has arte tied to the 3-month Treasury Bills with a CD interest rate that may change quarterly.

The PNC ready access CD is a CD that allows the early withdrawal of principal without penalty. The ready access CD which is similar to a liquid CD has a term of 3 months to 12 months and allows for early withdrawal after 7 days.

The PNC Bank step up CD has CD rate that increases to fixed rates at predetermined levels. The CD interest rate increases are set every 6 after the account is opened. The account holder of the PNC Bank step up CD also has the ability to withdraw funds every 6 months without an early withdrawal penalty.

One of the best PNC Bank CDs right now is a 9 month promotional CD with a rate of 0.40%.

Additional standard foxed rate CDs offered by PNC Bank include the following rates and terms:

PNC 1 month CD rate 0.10%
PNC 3 month CD rate 0.15%
PNC 6 month CD rate 0.20%
PNC 12 month CD rate 0.45%
PNC 18 month CD rate 0.50%
PNC 24 month CD rate 0.45%
PNC 36 month CD rate 0.65%
PNC 48 month CD rate 1.00%
PNC 60 month CD rate 1.20%
PNC 84 month CD rate 1.70%
PNC 120 month CD rate 1.95%

The PNC CD Annual Percentage Yields are accurate as of June 2011; CD rates are subject to change. Early withdrawal penalties may apply.

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