Did this coupon
work for you?
work for you?
Forum Thread
Popular Direct 12 Month CD @ 5.67% APY
Account Opening and Usage
MINIMUM TO OPEN: $10,000
TERMS: 30 days to 6 years
INTEREST RATE: Interest Rates set weekly based on market conditions and fixed for each CD term.
ANNUAL PERCENTAGE YIELD (APY): Annual Percentage Yield Rates set weekly based on market conditions and fixed for each CD term.
BALANCE COMPUTATION METHOD TO CALCULATE INTEREST: Daily Balance Method. This method applies a daily periodic rate to the balance in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
MINIMUM BALANCE REQUIREMENT TO AVOID A FEE: None
MINIMUM BALANCE TO EARN INTEREST: $0.01
INTEREST RATE TIERS: (Interest rate will be set according to the initial deposit amount and will remain fixed until maturity.) Same interest rate will be applicable to all balances.
STANDARD INTEREST CREDIT TIMING AND DISTRIBUTION: Interest compounded daily and credited to your account monthly on the last day of the month.
RENEWAL: Automatic Renewal at the same term and at the current applicable market rate for that product.
AUTOMATIC RENEWAL GRACE PERIOD: − 10 Calendar Days after maturity date.
TRANSACTION LIMITATIONS ON THE ACCOUNT:
− As part of the account opening process, you must make a deposit into your Popular Direct account from an External Account.
− You cannot change your External Account during the first 60 calendar days after linking it to your Popular Direct account.
− Additional deposits are not allowed during the term of the account, but may be made at maturity or during the 10-calendar days grace period.
− Withdrawals of either credited interest and/or principal prior to maturity will result in early withdrawal penalties (refer to the "Early Withdrawal Penalties" on table below).
Fees and Penalties
EARLY WITHDRAWAL PENALTIES:
For terms less than 91 days, the fee is 89 days simple interest.
For terms equal to or greater than 91 days but less than 12 months, the fee is 120 days simple interest.
For terms equal to or greater than 12 months but less than 36 months, the fee is 270 days simple interest.
For terms equal to or greater than 36 months but less than 60 months, the fee is 365 days simple interest.
For terms equal to or greater than 60 months, the fee is 730 days simple interest.
MONTHLY MAINTENANCE: $0
https://www.populardire
MINIMUM TO OPEN: $10,000
TERMS: 30 days to 6 years
INTEREST RATE: Interest Rates set weekly based on market conditions and fixed for each CD term.
ANNUAL PERCENTAGE YIELD (APY): Annual Percentage Yield Rates set weekly based on market conditions and fixed for each CD term.
BALANCE COMPUTATION METHOD TO CALCULATE INTEREST: Daily Balance Method. This method applies a daily periodic rate to the balance in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
MINIMUM BALANCE REQUIREMENT TO AVOID A FEE: None
MINIMUM BALANCE TO EARN INTEREST: $0.01
INTEREST RATE TIERS: (Interest rate will be set according to the initial deposit amount and will remain fixed until maturity.) Same interest rate will be applicable to all balances.
STANDARD INTEREST CREDIT TIMING AND DISTRIBUTION: Interest compounded daily and credited to your account monthly on the last day of the month.
RENEWAL: Automatic Renewal at the same term and at the current applicable market rate for that product.
AUTOMATIC RENEWAL GRACE PERIOD: − 10 Calendar Days after maturity date.
TRANSACTION LIMITATIONS ON THE ACCOUNT:
− As part of the account opening process, you must make a deposit into your Popular Direct account from an External Account.
− You cannot change your External Account during the first 60 calendar days after linking it to your Popular Direct account.
− Additional deposits are not allowed during the term of the account, but may be made at maturity or during the 10-calendar days grace period.
− Withdrawals of either credited interest and/or principal prior to maturity will result in early withdrawal penalties (refer to the "Early Withdrawal Penalties" on table below).
Fees and Penalties
EARLY WITHDRAWAL PENALTIES:
For terms less than 91 days, the fee is 89 days simple interest.
For terms equal to or greater than 91 days but less than 12 months, the fee is 120 days simple interest.
For terms equal to or greater than 12 months but less than 36 months, the fee is 270 days simple interest.
For terms equal to or greater than 36 months but less than 60 months, the fee is 365 days simple interest.
For terms equal to or greater than 60 months, the fee is 730 days simple interest.
MONTHLY MAINTENANCE: $0
https://www.populardire
Created 10-19-2023
at 05:00 PM
by GoddessParis
in
Finance
(4)
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Recommended Deal Alerts For You
What are Deal Alerts?
Want more deals like this?
Create a deal alert for Finance.
Add Deal Alert for Finance
0 Comments
Your comment cannot be blank.