Popular Community Bank CD rates

As many account holders get frustrated with declining savings rates, Popular Community Bank is reinforcing the reasons for its name. Its above-average 1-year CD rates make the bank one of the coolest kids in the banking industry. While 1.15% may not sound overwhelmingly high, getting every extra point of interest possible is crucial in today’s sluggish market.

Popular Community Bank operates about 100 branch locations in California, Illinois, Florida, New Jersey and New York, but you can take advantage of the bank’s competitive online CD rates from wherever you call home.

About your options

If you want to open a certificate of deposit at the bank, you’ll need some start-up cash. Customers must invest at least $10,000 to open a 12-month CD at Popular Community Bank, but there are no fees associated with the account.

Compared with the other CDs PCB offers, the 1-year terms are the most generous. Shorter terms earns .3% or less, and the bank’s 18-month CD actually has lower interest rates, too, which is out of the ordinary. Locking your money away for a year and a half only earns an .85% APY. Customers can also consider 5-year CDs with the institution, which earn a 1.6% APY. All in all, the 1-year CD delivers a strong interest rate combined with a minimal time commitment.

About the bank

Popular Community Bank is insured by the FIDC and carries a long track record of service dating back to 1893. The bank has been operating in America for the last 50 years. In addition to account holders in the United States, Popular Bank also serves customers in Puerto Rico, Latin America and the Caribbean.

For more information on opening an online CD at Popular Community Bank, you can read more and apply at the bank’s website.