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Certificates of deposit.

Do you have funds that you won't need to use soon? Deposit your money in a CD for a fixed amount of time and we’ll guarantee you a fixed interest rate.

compare cd accounts Try our CD calculator

12-month CD.

4.40

% apy1

$10,000 minimum deposit

Apply Now

18-month CD.

4.20

% apy1

$10,000 minimum deposit

Apply Now

24-month CD.

4.15

% apy1

$10,000 minimum deposit

Apply Now

Certificate of Deposit Account Details and Disclosures
Calculate the best CD term for you

Find the best CD term for you.

Use this CD calculator to compare certificate of deposit accounts and see how much you could earn over each CD term we offer.2

Error: Please enter your starting balance.

$
.00
CALCULATE

How much you could earn:3

CD Term Interest Rate Annual Percentage Yield (APY) Principal Balance
% %

With our Popular Direct CDs you'll enjoy:

Competitive rates.

Discover how much
you can earn.

On the go access.

Access your account 24/7 from desktop or mobile.

A safety
net.

All deposits are
FDIC insured.

Round the clock support.

Our Customer Care team is always here to help.

Compare CD Accounts and Apply.

Compare CD rates and apply

Apply for a Popular Direct CD today.

Maximize your rewards, minimize the risk. Apply for a certificate of deposit account today to get started.

Error: Please select a CD term.

Account Details and Disclosures

Apply Now
CD Term Interest Rate Annual Percentage Yield (APY)1
% %
Sample Image Alt text

What is a certificate of deposit (CD)?

A certificate of deposit offers higher interest rates than savings accounts when held for a fixed period. Learn about CD rates and options from Popular Bank.

Read article

Certificate of deposit (CD) account FAQs

What should I know prior to opening a certificate of deposit?

A certificate of deposit (CD) is best suited to customers who are comfortable setting money aside for a predefined period of time. As compared to savings accounts, CDs generally have higher interest rates but cannot be transacted against. Breaking a CD usually incurs a penalty. Following a grace period after a CD matures, many financial institutions will automatically renew it for the same term length at the interest rate set at the time of renewal, so it is useful to leave instructions in advance of the renewal date if you would like something different to happen with that money.

What is your policy on auto-renewal of maturing CDs?

After a 10-day grace period following the date of maturity, Popular Direct CDs automatically renew for the same term length at the interest rate set at the time of maturity. If you have a CD with us, you will receive maturity and renewal notices through the mail. The maturity notice is intended as a reminder to set an action if you would prefer not to renew your CD, but you can set that action even before you receive the maturity notice.

How do I set an action to be carried out when my CD matures?

If you would like to renew your CD for the same term at the interest rate set at the time of maturity, this will occur automatically ten days after your CD matures. Whether you renew your CD or move its funds into a new term, the interest rate will be set when your old CD matures, not when the change is processed.

If you would like to move the funds in your CD to a new term, disburse the funds into another account, and/or transact against the account during the ten-day grace period after maturity, please contact the Customer Care Center via phone call or secure message. You may leave advance notice of what you would like done with your CD any time after your account is opened. However, once the grace period has elapsed, any changes to your renewed CD will be treated as transactions against your account and incur the relevant penalties.

What is CD laddering, and why might I want to consider doing it?

When you first start CD laddering, you split the money that you intend to invest into multiple CDs with staggered terms. As they mature, you move the money into longer-term CDs. This is generally favorable because it allows you to take advantage of the higher interest rates that longer-term CDs usually have while allowing you to access portions of your invested money more regularly than if you had all of that money in a single long-term CD.

If you’re new to investing, you may want to limit the number of CDs that you include in your ladder and gradually purchase longer-term CDs as you better understand how much money you feel comfortable setting aside.

Where can I apply for a CD?

You can view our current CD rates and apply for an account on our website. If you would like more details about applying, please view our application walkthrough.

Where can I read more about your CDs?

You can view our CD product guide for more information. You can also view our CDs Calculator to see how we can help you meet your saving goals.

How will changes to the CD interest rates affect my account?

CDs hold a fixed interest rate for their entire term. Once you open and fund a Popular Direct CD, that interest rate will be valid until your CD matures. Changes to our CD interest rates will not affect your account.

The CD interest rates that are offered on our website are subject to change at any time. This is driven by several factors, including when and how the Federal Reserve Bank changes its interest rates.

You may view current CD rates on our website.

Is the money that I deposit with Popular Direct insured by the FDIC?

The standard deposit insurance coverage limit is $250,000 per depositor, per FDIC-insured bank, per ownership category. 

Please visit FDIC.gov for more information about the types of deposit products that are covered by FDIC insurance and the amount of deposit insurance coverage that may be available under FDIC’s different ownership categories.

What happens if I withdraw principal or interest from my CD before it matures?

Depending on the term length of your CD, you will be assessed certain penalties as outlined within the CD product guide.

  • For terms less than 91 days, the fee is 89 days simple interest.
  • For terms equal to or greater than 91 days but less than 12 months, the fee is 120 days simple interest.
  • For terms equal to or greater than 12 months but less than 36 months, the fee is 270 days simple interest.
  • For terms equal to or greater than 36 months but less than 60 months, the fee is 365 days simple interest.
  • For terms equal to or greater than 60 months, the fee is 730 days simple interest.

What is the minimum deposit to open a CD?

For CDs, Popular Direct requires a minimum deposit of at least $10,000.

Direct Insights.

Helpful articles about money, life, and innovation.

What is a certificate of deposit (CD)?

A certificate of deposit offers higher interest rates than savings accounts when held for a fixed period. Learn about CD rates and options from Popular Bank.

Read Article

Benefits of saving for medium-term goals.

It’s a good idea to get in the habit of creating targeted savings goals. Short-term and long-term goals may be discussed more frequently when creating goals, but medium-term goals are…

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What is a smishing scam? How to protect yourself.

Robotext scams are on the rise. A robotext scam is also known as a smishing scam. You should be aware of these scams and know how to protect yourself against them.

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Disclosures

1 The Annual Percentage Yield (APY) for a Certificate of Deposit (CD) account is effective as of Monday, June 09, 2025 and subject to change without notice. There is a $10,000 minimum opening account deposit and balance requirement. APY assumes principal and interest remain on deposit until maturity. A penalty will be imposed for early withdrawal. Fees may reduce earnings on the account. The interest rates and Annual Percentage Yields (APYs) may change at any time at the Bank's discretion without prior notice, before any CD is opened online. CDs cannot be opened online before the application process is finalized and funded. Your account will receive the current interest rate and APY in effect on the date it is opened and funded.

2 The calculator is made available to you as a self-help tool for your independent use and is not intended to provide investment advice. Popular Bank cannot and does not warrant or guarantee the applicability or accuracy in regard to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

3 This estimated amount includes the initial deposit and the interest earned at the end of the CD term, is based on the interest rate and assumes principal and interest remain on deposit until maturity. A penalty will be imposed for early withdrawal. Interest earned may vary and fees may reduce aggregate balance on the account.

Important information about procedures for opening a new account: To help the government fight the funding of terrorism and money laundering activities, U.S. Federal law requires financial institutions to obtain, verify, and record information that identifies each person (individual or business) who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask for your driver’s license or other identifying information.

All Popular Direct deposit products are offered by, and will be opened through, Popular Bank. All balances for Popular Direct and Popular Bank deposits would be combined for purposes of determining FDIC coverage eligibility. Deposit products and services are offered by Popular Bank. Popular Bank is a Member FDIC institution. Your deposits are insured, in aggregate, up to $250,000 per depositor, per insured institution, based upon an account ownership type by the FDIC. You may qualify for more than $250,000 in coverage if you hold deposits in different account ownership categories. For more information, please refer to: FDIC.gov.

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Please note: We may email you requesting proof of ownership of the linked external account. If requested, proof must be sent to us by Online Banking Secure Message, and received on or before the 10th calendar day from the account opening date or your account will be closed and funds returned to your linked external account.

Please note: For the first 70 days following account opening, the only account to which you may transfer funds from is your linked external account. You can make a request through Popular Direct Online Banking or by calling the Customer Care Center at 1-800-274-5696. If you close your linked external account before you are eligible to change it (60 days after its last change), you will be unable to transfer funds out of your account for the remainder of the 60-day waiting period.

We may email you requesting proof of ownership of the linked external account. If requested, proof must be sent to us by Online Banking Secure Message, and received on or before the 10th calendar day from the account opening date or your account will be closed and funds returned to your linked external account.


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CD Account Opening Restrictions Savings Account Opening Restrictions ×


Please note: We may email you requesting proof of ownership of the linked external account. If requested, proof must be sent to us by Online Banking Secure Message, and received on or before the 10th calendar day from the account opening date or your account will be closed and funds returned to your linked external account.

Please note: For the first 70 days following account opening, the only account to which you may transfer funds from is your linked external account. You can make a request through Popular Direct Online Banking or by calling the Customer Care Center at 1-800-274-5696. If you close your linked external account before you are eligible to change it (60 days after its last change), you will be unable to transfer funds out of your account for the remainder of the 60-day waiting period.

We may email you requesting proof of ownership of the linked external account. If requested, proof must be sent to us by Online Banking Secure Message, and received on or before the 10th calendar day from the account opening date or your account will be closed and funds returned to your linked external account.


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