PNC is one of the biggest banks in the country, with $427 billion in deposits and over 2,000 branches.

PNC may be popular, but the PNC Standard Savings account is one of the absolute worst places to stash your money. It only pays an APY of up to 0.03%, while the best savings accounts pay 3.70% to 4.50% -- that's at least 123 times more interest.

If you have a PNC Standard Savings account, you could be missing out on hundreds of dollars in interest per year. Here's how -- and how you could easily start earning more interest today.

How much is your PNC savings account costing you?

The median balance of Americans' "transaction accounts" (savings, checking, and similar accounts) was $8,000 as of 2022, according to the Federal Reserve.

Our Picks for the Best High-Yield Savings Accounts of 2025

Product	APY	Min. to Earn
American Express® High Yield Savings Member FDIC. APY 3.70% Rate info 3.70% annual percentage yield as of March 9, 2025. Terms apply. Min. to earn $0 Open Account for American Express® High Yield Savings On American Express's Secure Website. Member FDIC.	3.70% Rate info 3.70% annual percentage yield as of March 9, 2025. Terms apply.	$0	Open Account for American Express® High Yield Savings On American Express's Secure Website.
CIT Platinum Savings Member FDIC. APY 4.30% APY for balances of $5,000 or more Rate info 4.30% APY for balances of $5,000 or more; otherwise, 0.25% APY Min. to earn $100 to open account, $5,000+ for max APY Open Account for CIT Platinum Savings On CIT's Secure Website. Member FDIC.	4.30% APY for balances of $5,000 or more Rate info 4.30% APY for balances of $5,000 or more; otherwise, 0.25% APY	$100 to open account, $5,000+ for max APY	Open Account for CIT Platinum Savings On CIT's Secure Website.
Capital One 360 Performance Savings Member FDIC. APY 3.70% Rate info See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Feb. 6, 2025. Rates are subject to change at any time before or after account opening. Min. to earn $0 Open Account for Capital One 360 Performance Savings On Capital One's Secure Website. Member FDIC.	3.70% Rate info See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Feb. 6, 2025. Rates are subject to change at any time before or after account opening.	$0	Open Account for Capital One 360 Performance Savings On Capital One's Secure Website.

If you had $8,000 in a PNC Standard Savings account, you'd earn a maximum of $2.40 in a year.

If you instead kept that $8,000 in a high-yield savings account paying 4.00%, you'd earn $320 in a year.

After five years, the difference is enough to make you laugh (or cry):

• Earnings in a PNC Standard Savings account: up to $12
• Earnings in a high-yield savings account with a 4.00% APY: $1,733

SoFi Checking and Savings customers can earn up to 3.80%² APY, and new customers can earn a bonus of up to $300 with qualifying direct deposits.¹ Click here to open a SoFi Checking and Savings account today.

Here's where to put your money instead

Fortunately, it's easy to switch to a new savings account and start earning a lot more interest. If you're a PNC Standard Savings customer, here are two good options.

Switch to a PNC High Yield Savings® account if you can

The PNC High Yield Savings® account pays a competitive APY of 3.95% with no monthly fees or account minimums. It's only available to residents of the following states: AK, AR, CT, HI, ID, IA, KS, LA, MA, ME, MN, MS, MT, NE, NV, NH, ND, OK, OR, RI, SD, UT, TN, VT, WA, WY.

If you live in one of those states and have a PNC Standard Savings account, then you could check PNC's website or call customer service to see if you can switch to a PNC High Yield Savings® account.

Open a high-yield savings account at another bank

Switching bank accounts is easier than ever. These days, the best banks have user-friendly websites and mobile apps. You can open a high-yield savings account in minutes.

The highest-earning savings accounts are offered by online-only banks, so you may lose access to a local bank branch when you switch. However, the best high-yield savings accounts also have no monthly fees, and they're FDIC insured. Your money is just as safe with them.

Ready to start earning over 100 times the interest paid by the PNC Standard Savings account? Click here to see our list of the best high-yield savings accounts and open a new account today.

If you can't open a PNC High Yield Savings® account, do not settle for the PNC Standard Savings account. Switch banks and start earning a competitive interest rate ASAP. You'll be earning more money with very little work -- and that's the kind of opportunity you should never pass up!