Save smart. Start today with a Popular Savings account.

Take the first step toward your financial goals with our Popular Savings account. This essential savings account can help you grow your money while keeping it accessible for life’s planned and unexpected moments. 

Whether you’re saving for your dream vacation or your next big milestone, we’re ready to help you reach your goals. Our Popular Savings account lets you earn more interest the higher your balance. Explore our current savings rates and apply today.

Popular Savings rates for South Florida.

Popular Savings allows you to save money and earn more interest the higher your balance. View our current savings rates.

Minimum balance to earn interest Interest rate Annual Percentage Yield (APY)1
$0.01 - $2,499.99 0.300% 0.30%
$2,500 - $9,999.99 0.300% 0.30%
$10,000 - $24,999.99 0.349% 0.35%
$25,000 - $49,999.99 0.399% 0.40%
$50,000+ 0.499% 0.50%

Avoid the monthly service fee by maintaining a minimum balance.

You can avoid the $4 monthly service fee if you maintain a $500 average monthly balance.4

save more on fees

Open a Popular Savings account in a few easy steps.

Apply for a savings account with our simple application process.

1. Tell us a little about you.
We’ll need some personal information to get your account started.

2. Let us know how you'll use your account.
This helps us understand how you expect to use your account.

3. Make your initial deposit.
A minimum $25 deposit is required to open a new Popular Savings account.

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steps to open a Popular Savings account

Frequently asked questions about Popular Savings accounts.

  • A savings account is a deposit account designed to hold money you don’t plan to spend immediately, and allows you to earn interest on those funds. Unlike a checking account, it’s not meant for everyday spending. A savings account can help you save for specific purposes or goals, such as a vacation, a big purchase, or an emergency.

  • A savings account allows you to earn interest on your money. With a Popular Savings account, you can earn more the higher your balance. A savings account is also a safe way to set aside money for your future needs. Popular Bank is a Member FDIC institution. Your money is FDIC insured up to the maximum amount as permitted by law.5

  • To open a new Popular Savings account, you will need a valid state or federal photo ID, Social Security Number, full mailing address, and date of birth. 

    Please note: Additional information or documentation may be requested.

  • The minimum deposit needed to open a Popular Savings account is $25.

  • Yes, you can open a Popular Savings account online if you are over the age 18.

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  • No, you will not get a debit card when you open a Popular Savings account, but you will be able to request an ATM card.

  • An ATM card can be used to withdraw cash and make basic banking transactions at ATMs.

  • A debit card can be used anywhere that accepts card payments, whereas an ATM card is limited to only ATM transactions.

  • Yes, Popular Savings account holders can access their accounts online with Popular Online Banking or on mobile with our Popular Mobile Banking app.6

  • You can avoid the monthly service fee on your Popular Savings account if you maintain a $500 average monthly balance.4

  • With a Popular Savings account, you are permitted to make up to six transfers and withdrawals or any combination thereof per statement cycle or similar period (of at least 4 weeks) without a fee. Any additional transfers and/or withdrawals will incur the Excessive Transactions fee.2 Please review the Schedule of Fees for your state for more information.

  • Yes, the Popular Savings account is an interest-earning account. A Popular Savings account allows you to earn more interest the higher your balance.

Savings Insights

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