SuperMoney
  Popular Bank Savings Account
Popular Bank Savings Account
in Savings Accounts from Banco Popular de Puerto Rico · Member FDIC
Unaffiliated

Popular Bank Savings Account

Unaffiliated
in Savings Accounts from Banco Popular de Puerto Rico · Member FDIC
Not enough votes for recommendation

Not enough votes for recommendation

Explore a similar product
Try this top product in Savings Accounts.
PNC Bank High Yield Savings Account
PNC Bank High Yield Savings Account

Rating not yet determined  

4 reviews
Highlights
Monthly Fee $0 - $4
APY (Annual Percentage Yield) 0.02% - 0.05%
Minimum Balance to Earn APY N/A

Popular Bank Savings Account Review

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

Key Takeaways

  • Low interest rate. The maximum annual percentage yield for this account is only 0.05%.
  • $0 monthly account fees available. This account charges a monthly service fee of up to $4, but the fee is waived if you keep a minimum balance of $25.
  • No ATM fees. Popular Bank Savings Account does not charge fees on ATM transactions.

Popular Bank savings account Pros & Cons

Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • No signup bonus.
  • Does not come with a debit card
  • Only available in 3 states.
  • Higher than average wire transfer fees.
  • Monthly service charge.

Popular Bank savings account FAQ

Are savings accounts from Banco Popular de Puerto Rico federally insured?

Yes, your Banco Popular de Puerto Rico savings 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.

Does Banco Popular de Puerto Rico offer a signup bonus?

Popular Bank savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Popular Bank savings account?

The minimum deposit to open a Popular Bank savings account is $25.
Popular Bank Savings Account Minimums
Description
Minimum Balance to Avoid Monthly Fee Starting at $25
Minimum Opening Deposit Starting at $25

What APY does Popular Bank Savings Account offer?

Popular Bank savings account offers a variable APY starting at 0.02% and ranging up to 0.05% (APY stands for annual percentage yield, rates may change).

What fees does Popular Bank savings account charge?

Popular Bank savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $25.

  • Outgoing domestic bank transfers come with a $30 fee.
  • Incoming domestic bank transfers come with a $15 fee.
  • Outgoing international bank transfers come with a $40 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Incoming international bank transfers come with a $15 fee.
  • Popular Bank savings account charges a $25 fee for an early account closure. Contact Popular Bank savings account for more details on what is considered an early closure.
  • An overdraft on your account will trigger a $10 fee per item.
  • Popular Bank savings account charges $5 every time you request a paper statement.

Does Popular Bank savings account charge overdraft fees?

Yes, Popular Bank savings account charges a $10 overdraft fee.

Popular Bank savings account offers overdraft protection at a cost of $10 per transaction. This overdraft protection fee is charged every time the bank arranges a transfer from another one of your accounts, typically a savings account, to cover the overdraft.

What features and perks does Popular Bank savings account offer?

This savings account includes the following features:

  • Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
  • Fraud monitoring - Popular Bank savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Popular Bank savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Popular Bank savings account?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Popular Bank savings account?

The customer support email for Popular Bank savings account is popularnet@popular.com.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 3 states
  • Florida
  • New Jersey
  • New York

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $25
Minimum Opening Deposit Starting at $25
Monthly Fee $0 - $4
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $40
Paper Statement Fee $5
Overdraft Protection Fee (per transfer) $10
Overdraft Item Fee $10
Returned Deposit Fee (Domestic) $10
Early Account Closure $25
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
Bauer Financial A+/A Rating
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Automatic Transfers
  • Bauer Financial A+/A Rating
  • Branch Access
APY (Annual Percentage Yield) 0.02% - 0.05%

Be the first to rate

 

Would you recommend Popular Bank Savings Account to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Other Savings Accounts