Review: Popular Community Bank CDs

Popular Community Bank’s CD rates are above average and stronger with a relationship bonus.

But for the most part, they don’t match the rates available nationally through its online bank, E-Loan (www.eloan.com).

We track E-Loan regularly for our CD Rates Leaderboard, and it even leads a term every now and again.

Popular Community Bank — known as Banco Popular until its 2012 rebranding — has 90 branches in California, Florida, Illinois, New Jersey and New York.

It advertises three terms through its website. These certificates require a $5,000 minimum deposit and are all above average:

6-month standard CD rate is 0.25% APY to 0.35% APY (relationship rate is 0.50% APY to 0.60% APY) versus an average rate of 0.17% APY. (Leaderboard leader is 0.89% APY.)

12-month standard CD rate is 0.25% APY to 0.60% APY (relationship rate is 0.50% APY to 0.85% APY) versus an average rate of 0.26% APY. (Leaderboard leader is 1.05% APY.)

60-month standard CD rate is 1.35% APY to 1.55% APY (relationship rate is 1.60% APY to 1.80% APY) versus an average rate of 0.83% APY. (Leaderboard leader is 2.02% APY.)

Popular Community Bank divides the five states it serves into six regions. The lowest rates above were in central Florida; the highest, New York.

E-Loan requires a $10,000 minimum deposit and beats all of its bricks-and-mortar counterpart’s standard and relationship rates, with the exception of the 60-month term in New Jersey and New York:

• 6-month CD rate is 0.71% APY.
• 12-month CD rate is 1.02% APY.
• 60-month CD rate is 1.61% APY.

You can learn more about Popular Community Bank at www.popularcommunitybank.com or call 800-377-0800.

Compare these returns with the best CD rates from scores of other banks in our extensive database.