Question:

What does the 2 in the exponent field indicate in this rate chart?

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https://www.pnc.com/webapp/unsec/depositRates/find.app

I was interested in a CD account with PNC and upon reviewing thier rate chart I noted that they listed thier Annual Percetage Yield as APY2. Intially,I thought this meant that the rate was squared, am I correct?

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  1. The 2 refers to a footnote.  Scroll down to the bottom and look at note 2.  It gives you more info on the CD.

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