Opening PNCs Virtual Wallet accounts earn competitive interest rates. This includes three specific accounts: the Spend, Reserve, and Growth accounts. The Spend account is your checking account for everyday spending. The Reserve account is a short-term savings account. It offers overdraft protection for the Spend account. The Growth account is for longer-term goals, like a down payment, car, or vacation. Virtual Wallet accounts offer interest rates that are competitive with other online accounts. You must link these accounts together to earn competitive rates.

Some Growth savings accounts offer slightly higher rates with Relationship Rates. You must qualify to earn the Relationship Rates. To qualify, you must have a set amount directly deposited into the Spend account. Making five debit transactions also qualifies you. The amounts of direct deposits vary from $500 to $5,000 depending on the account. If you qualify, your money will earn even higher interest rates.

PNC offers accounts for college students. With proof you are enrolled in college, the monthly fee is waived. This account offers a debit card and online and mobile banking. The same features of Virtual Wallet are available for the college account. Parents can sign up to receive alert texts when balances are low or overdrawn. Some colleges offer other perks with the account. For example, one college allows you to use your student ID card as a PNC ATM card.

PNC offers small and commercial business accounts. Checking, savings, and money market accounts are available. CDs, credit cards, and online services for your business are available. Bill pay, remote check deposits, and online payroll are services offered.

PNC standard account interest rates are low. To earn the competitive rates on Virtual Wallet accounts, you must meet the set requirement. If you open a standard account or do not meet the requirements, interest rates are low. To earn the competitive rates, be sure you open the right accounts and meet the requirements.

Most PNC accounts have a monthly fee. The fees range from $5 to $25 depending on the account. There are ways to waive the fees. Having a set amount in the account or in qualifying PNC accounts will waive the fees. Direct deposits of a set amount or if you are 62 years or older will waive some fees. As of March 2019, PNC loan and investment balances are not included to waive monthly fees.

The amounts required to have in PNC accounts to waive the monthly fees are high. The money market account requires $5,000 to avoid the monthly fee. Virtual Wallet accounts require $500 to $5,000 to waive the fee or $10,000 to $25,000 across all PNC deposit accounts. After March 2019, loans and investment balances will no longer count toward the total amount to waive fees. Their standard savings account only requires $300 to waive monthly fees.

Customers must open PNC CDs at a branch location. Most PNC CDs required $1,000 to open. The CDs with terms of seven to 89 days require $5,000 to open. PNC has branch locations in 19 states and the District of Columbia.

Read the full PNC review.

Checking, savings, and money market accounts do not have required opening amounts. However, to earn the best rates, you must be a Platinum member. A Platinum member has at least $25,000 in Citizen Bank accounts. The basic checking and savings accounts do not require you to be a Platinum member.

Citizens Bank offers a variety of accounts. These accounts include:

• Four personal checking accounts
• Three personal money market accounts
• Four personal savings accounts
• CD terms of 11, 14, and 24-month CDs
• IRA accounts
• Personal credit cards, lending, retirement, and investment options
• Business savings, checking, and money market accounts
• Business CDs
• Credit cards, lending, and investment options for businesses

Checking and money market accounts include $5 Overdraft Pass. If you overdraw your account for $5 or less, there will not be a fee. To avoid other overdraft fees, deposit money into your account as soon as possible. There is no limit to how many overdrafts qualify for the pass.

If you live where Citizens Bank account are available, you can open most personal accounts online. The application is entirely online. To open the College Saver savings account, you need to visit a branch location. Business and IRA account must also be opened in a branch.

Accounts are not available everywhere. Citizens Bank currently operates in 11 states. If you do not live in one of these states, you cannot open an account. Those states are:

• Connecticut
• Delaware
• Massachusetts
• Michigan
• New Hampshire
• New Jersey
• New York
• Ohio
• Pennsylvania
• Rhode Island
• Vermont

Citizen Bank accounts have fees. The fees range from $3.99 to $25 each month. There are ways to waive the fees. Those included making deposits and having set account balances. The balances range from $2,500 to $25,000, depending on the account. You can waive some money market and savings account fees by opening a Platinum checking account.

There are only three standard CD terms offered through Citizens Bank. They offer 11, 14, and 24-month CDs. The 14-month CD is an online-only account. Each term requires $1,000 to open. Business and IRA CDs are also available.

Most Citizens Bank accounts have low rates. The interest rates compare to typical brick-and-mortar bank rates. The CDs offer slightly higher rates if you also open a Citizens Bank checking account. Even those higher rates are not competitive with other online accounts.

Read the full Citizens Bank review.