$25 minimum to open
Get started with a minimum opening deposit of $25.
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.
Get started with a minimum opening deposit of $25.
Withdraw funds surcharge-free2 at any Popular Bank ATM and over 55,000 Allpoint® ATMs worldwide.3
Get easy, 24/7 access to your account with Online and Mobile Banking.6
Popular Bank is a member FDIC institution.5
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% |
You can avoid the $4 monthly service fee if you maintain a $500 average monthly balance.4
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.
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.
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.
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1Annual Percentage Yield (APY) for a Popular Savings Account is effective as of October 16, 2024 and is subject to change without notice.
2For savings accounts, you are permitted to make no more than six transfers and withdrawals or any combination thereof per statement cycle or similar period (of at least 4 weeks) by means of a preauthorized, automatic or telephonic transfer. The limitation on transfers and withdrawals does not include transfers and withdrawals made at one of our ATMs, branch teller windows or by mail (This does not apply to savings accounts that are being used as collateral for loans, lines of credit, or credit cards, for which no transactions are allowed). These limitations are applied according to the date when the transaction is posted to the account and not the date when the transfer is authorized. If these limits are exceeded, we may, at our option, reclassify your account to Popular Everyday Checking. A $5 fee will apply for Popular Savings accounts and a $15 fee will apply for Popular Saver Money Market accounts for every preauthorized debit in excess of six per statement cycle (or similar period of at least 4 weeks).
3Popular Bank and its affiliates are not affiliated with ATM National, LLC. Allpoint is a registered Trademark of ATM National, LLC.
4The average monthly balance is the sum of the daily account end of day balance, after all debits and credits have been processed, divided by the number of days within the statement cycle.
5Popular Bank is a Member FDIC institution. Your deposits are insured up to $250,000 per depositor. 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.
6Standard mobile carrier charges and fees may apply.
7Popular Bank, in its sole discretion, reserves the right to change or terminate these rates at any time. A penalty will be imposed for early withdrawal. Fees may reduce earnings on the account. CDs will automatically renew at the end of the grace period following maturity with the rate applicable at that time for the same term and corresponding tier for the deposit amount at the time of renewal. Interest rates and Annual Percentage Yield (APY) may change at any time at the Bank's discretion without prior notice before any CD account is opened online. CDs cannot be opened online before the application process is finalized and approved. Once your application is approved, your account will receive the current interest rate and APY in effect on the date it is opened and funded. The APY assumes that interest and principal will remain on deposit until maturity.
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.