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4.00% Money Market Promo with Yield Guaranteed to June 30th at Banco Popular

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Popular Community Bank
Banco Popular is advertising a promotion for its Relationship Money Market Account. You can get 4.00% APY guaranteed until 6/30/08 for balances over $10,000 . This promotion doesn't seem to be listed at Banco Popular's website. It was advertised in Tuesday's Southern California newspaper, The Press-Enterprise. The ad is available online here. A reader also mentioned seeing it advertised in a paper yesterday. The ad has the phone number 1-888-317-9062.

The small print of the ad states that the 4% APY includes a bonus rate of 0.50% valid only for retail checking account customers who maintain a collected balance of $1,000 or more and maintain a Consumer Relationship Money Market Account with a collected balance of $10,000 or more. There's a 2.25% APY for balances below $10,000. A $100 minimum opening deposit is required.

Banco Popular had similar promotions last year (see post), but rates were up to 5.15%. Typically these promotions are limited to certain states.

Branches are located in California, Illinois, New Jersey, New York and Texas. Banco Popular is FDIC insured (Certificate # 34967).

Thanks to the reader who mentioned this promotion in the comments.

  Tags: money market accounts, California, Popular Community Bank, savings account

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