SAVINGS ACCOUNTS

 

Designed to satisfy your particular needs, our savings accounts offer you products tailored to meet your specific objectives whether those may be your child’s future, the completion of a personal goal or the ability to meet any unexpected event.

 

Benefits:

•  We offer you an account for every need.
• Exempt of service charges unless the account balance is beneath the established minimum.
• Savings-Secured Loans calculated at a competitive established rate.
• Participation in our savings accounts’ special promotions, where you are rewarded for your account maintenance effort.
• Manage your balance and transfer between accounts through our electronic channels: Internet Banking and Telebanco Popular.
• Deposit in cash or checks.
• Earn monthly interest payments.

 

Popular Saving Accoun

Now our passbook savings account is Popular Saving Account: a different account, created to manage your long term savings goals, guaranteeing the growth of your deposits. With this account you will receive exclusive additional benefits by maintaining and increasing your account balance.

 

This account guarantees your security and tranquility.

 

Benefits:

·         Popular Saving Account offers you the best guarantee and security for both you and your family with life insurance and hospitalization and health coverage for mayor diseases. 

·         Savings-secured loans calculated at a competitive market rate.

·         Participation in our Popular Saving Account special promotions, where you are rewarded for your account maintenance effort.

·         Oversee your balance and transfer between accounts through our electronic channels: Internet Banking and Telebanco Popular.

·         Earn monthly interest payments.

 Requirements:

 

• Initial deposit of RD$3,000.00
• Copy of your Dominican I.D. (cédula) or passport.
• Certified letter of employment.
• Appropriately completed application form.

 

 Benefits and requirements of the Popular Saving Account:

 

Simply by maintaining or increasing your account balance you receive the following benefits free of charge.

 

 We offer:

 

Life Insurance

If your average account balance is between RD$25,000.00 and RD$49,999.99 you receive a complimentary life insurance policy that provides a coverage of RD$75,000.00 in case of sudden death,  total or permanent disability and loss of limb.

 

Health Insurance

 

Hospitalization Plan

If your average account balance is above RD$50,000.00 you receive a hospitalization reimbursement plan that provides a daily room coverage of RD$600.00 and RD$1,200.00 for intensive care.

 

Mayor Diseases

If your average account balance is above RD$250,000.00 you receive our Hospitalization Plan as well as coverage in case of mayor disease: Cancer, stroke or brain hemorrhage, heart attack, aortocoronary surgery and renal failure (also known as kidney failure or renal insufficiency).

 

Coverage Requirements:

 

You may access your funds when you wish, considering that you must maintain the average required account balance for at least 6 months to apply for this coverage. 

 

This coverage applies from the ages of 18 to 65 years for all of our savings account plans. If it is a joint account the coverage applies only to the main account holder.

 

For more information, contact us at Telebanco Popular by calling: (809) 544-5555 from Santo Domingo, or 1-809-200-5555 toll-free anywhere in the Dominican Republic.

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