Annual Percentage Yield (APY) offer is available only
for new Popular Direct Ultimate Savings account opened
effective as of Friday, November 1, 2019.
We make savings simple.
Our Popular Direct Ultimate Savings Account delivers high yields.Count on:
Competitive rate and easy access to your money via your desktop or mobile device
Interest that compounds daily
Peace of mind—deposits are insured by the FDIC Disclosure
All Popular Direct deposit products are offered by, and will be opened through, Popular Bank. Popular Bank is a Member FDIC institution and a New York state chartered bank. Processing services for all Popular Direct deposit products are provided by Popular Bank. All deposits with Popular Bank (including deposits through Popular Direct deposit products) are insured by the FDIC up to the applicable maximum amount allowed by law for each deposit ownership category. For more information about FDIC insurance coverage of deposits accounts, visit https://www.fdic.gov/deposit/deposits
Effective January 2, 2019, Automated Clearing House (ACH) debits that
originate from external financial institutions, other than from the deposit
account that you have successfully validated through the “External Transfers”
function in Popular Direct Online Banking (the “External Account”), will
not be permitted during the first 70 calendar days after opening your
Popular Direct Ultimate Savings Account. During such 70-day period you will
only be permitted to complete online transfers from the External Account or
from your other Popular Bank accounts.
Please note, your Popular Direct Ultimate Savings Account will continue to earn
interest during this time.
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.
The Annual Percentage Yield (APY) is effective as of Friday, November 1, 2019
and may be cancelled or withdrawn at any time and is subject to change without
notice. Popular Bank, in its sole discretion, reserves the right to change
or terminate this offer at any time. There is a $5,000 minimum opening
account deposit. A $4.00 monthly fee will be charged to the account if the
balance on any day of the statement period is less than $500.00. Fees could
reduce earnings on the account.
All Popular Direct deposit products are offered by, and will be opened through, Popular Bank. Popular Bank is a Member FDIC institution and a New York state chartered bank. Processing services for all Popular Direct deposit products are provided by Popular Bank. All deposits with Popular Bank (including deposits through Popular Direct deposit products) are insured by the FDIC up to the applicable maximum amount allowed by law for each deposit ownership category. All balances for Popular Direct and Popular Bank deposits would be combined for purposes of determining FDIC coverage eligibility. For more information about FDIC Insurance coverage of deposit accounts, visit https://www.fdic.gov/deposit/deposits
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