5.50% Money Market Account for 3 Months at Banco Popular California
Jul 19, 2006 - 7:14 PM by Ken Tumin
Banco Popular branches in California are offering 5.50% APY money market account for balances of $10K or more. The special rate is guaranteed not to drop for the first 3 months. This special is not shown on the bank's website. I confirmed this special rate today from the bank's customer service rep. Banco Popular branches in other states have other rates. According to the CSR, the rate at South Florida branches is 5.25% APY.
Balances under $10K earn 2.50%. A monthly fee of $15 results from balances under $5K. There's a $25 closing fee if closed within 6 months. According to the CSR, the bank only does a ChexSystem verification during the account application process, and no hard credit pulls are done.
Banco Popular also has some high yield CDs including a 5.50% APY 8-month CD and a 5.75% APY 16-month CD. Refer to this June 29th post for more info.
The bank has branches in California, Illinois, New Jersey, New York and Texas.
Credit for this find goes to this FW thread.
Balances under $10K earn 2.50%. A monthly fee of $15 results from balances under $5K. There's a $25 closing fee if closed within 6 months. According to the CSR, the bank only does a ChexSystem verification during the account application process, and no hard credit pulls are done.
Banco Popular also has some high yield CDs including a 5.50% APY 8-month CD and a 5.75% APY 16-month CD. Refer to this June 29th post for more info.
The bank has branches in California, Illinois, New Jersey, New York and Texas.
Credit for this find goes to this FW thread.
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