For the first 70 days following your Popular Direct Ultimate Savings
account opening, the only account to which you may transfer funds out
of your Popular Direct Ultimate Savings account is your linked external
account. You may make this request through Popular Direct Online
Banking or by calling the Popular Direct Care Center. However, you may
not initiate a transfer request from your linked external account.
If you close your linked external account before you are eligible to
change it (60 days after its last change, including during account
opening), you will be unable to transfer funds out of your Popular
Direct Ultimate Savings account for the remainder of the 60-day waiting
period for linked external account changes.
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.
There is a $5,000 minimum opening account deposit.
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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1. The Annual Percentage Yield (APY) is effective as of and may be cancelled or withdrawn at any time and is subject to change without notice.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 deposit to open an account. If the balance on any day of the statement period is less than $500, a $4 fee will be assessed. Fees may reduce earnings.
The calculator is made available to you as a self-help tool for your independent use and it is not intended to provide investment advice. Popular Bank cannot and does not warrant or guarantee the applicability or accuracy regarding 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.
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Weblinking Practices. Note that such third-party's
those of Popular Bank or its affiliates. Neither Popular Bank nor
any of its affiliates assumes any responsibility, nor do they
control, endorse or guarantee any aspect of your use of any linked
third-party website. Hyperlinks to third-party websites are solely
for informational purposes and for use at your own risk.