Popular Bank Savings Account
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| 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
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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.| 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.
Contact
- Headquarters
-
85 Broad Street
New York, NY 10004 USA - (787) 724-3650
- Visit Site
- Email Support
Other Services by Banco Popular de Puerto Rico
Availability
- Florida
- New Jersey
- New York
Feature Breakdown
| Minimum Balance to Avoid Monthly Fee | Starting at $25 |
| Minimum Opening Deposit | Starting at $25 |
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