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  Banco Popular de Puerto Rico Money Market Account

Banco Popular de Puerto Rico Money Market Account

in Money Market Accounts from Banco Popular de Puerto Rico

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Banco Popular de Puerto Rico Money Market Account

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in Money Market Accounts from Banco Popular de Puerto Rico

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Highlights
Highlights
APY 1.80% - 1.90%

Banco Popular de Puerto Rico Money Market Account Review

Banco Popular de Puerto Rico Money Market Account is offered by Banco Popular de Puerto Rico, a bank founded in 1893 and based in New York, NY. Banco Popular de Puerto Rico Money Market Account is offered in 3 states across the USA.

Are money market accounts from Banco Popular de Puerto Rico federally insured?

Yes, your Banco Popular de Puerto Rico money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the Banco Popular de Puerto Rico Money Market Account rates?

Banco Popular de Puerto Rico Money Market Account offers an APY starting at 1.80% and ranging up to 1.90% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY. However, to earn interest you must keep a minimum balance of $.01.

Banco Popular de Puerto Rico Money Market Account Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 1.80% - 1.90%

What are the Banco Popular de Puerto Rico Money Market Account fees?

This account charges a monthly maintenance fee of up to $15. You can avoid this fee by maintaining a balance of $10,000.

Banco Popular de Puerto Rico will charge you a $15 fee if you exceed your maximum number of monthly transactions.

Federal regulations limit the number of transactions you can make from your money market account to six per month.

Banco Popular de Puerto Rico Money Market Account Fees
Fees Amount
Monthly Fee up to $15
Paper Statement Fee N/A
Excess Transaction Fee $15

What is the minimum balance for Banco Popular de Puerto Rico Money Market Account?

No minimum initial deposit. Banco Popular de Puerto Rico does not require a minimum initial deposit to open an account.

Monthly maintenance minimum balance of $10,000. You can avoid the monthly fee if you keep a minimum balance $10,000.

Interest rate minimum balance of $0.01. You must keep the account balance above $0.01 to earn interest.

What features and perks does Banco Popular de Puerto Rico Money Market Account offer?

This account does not seem to offer any of the features and perks we track.

How to open an account with Banco Popular de Puerto Rico

  • Visit the Banco Popular de Puerto Rico website.
  • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
  • Check the information is accurate and submit your application.
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Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 3 states
  • Florida
  • New Jersey
  • New York

Feature Breakdown

APY Minimum Balance $0.01
Minimum Balance to Avoid Monthly Fee $10,000
Monthly Fee $0 - $15
APY 1.80% - 1.90%
Dividend Rate 1.78% - 1.88%
Dividend Compounding Frequency Monthly
Dividend Payout Frequency Monthly

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