Popular Direct
Online Savings Account - 4.05% APY
• $5,000 minimum deposit
• 24/7 account access and customer support
• FDIC insured
Fee and Feature Guide
|
Savings Account |
| Interest Rate |
|
| APY |
4.05% |
| Minimum deposit amount |
$100.00 |
| Maximum deposit amount |
N/A |
| Balance Requirements |
|
| Minimum Opening Deposit |
$5,000.00
|
| Minimum Balance to Avoid Fees |
$0.00 |
| Minimum Required Balance |
$0.00 |
| Minimum To Earn |
$0.00 |
| Fees |
|
| Monthly Maintenance Fee |
N/A |
| Foreign ATM Fees |
N/A |
| Insufficient Funds Fee |
$35.00 |
| Incoming Wires |
N/A
|
| Statements |
|
| Paper Statements |
Yes |
| Online Statements |
Yes |
| Online and Telephone Banking |
|
| Online Banking |
Yes |
| Telephone Banking |
Yes |
| Mobile Banking |
Yes |
| Deposit Checks with Mobile Device |
Yes |
| Free Bill Pay |
Yes |
| Online Bill Payments Required |
Yes |
| Account Opening |
|
| Open Online |
Yes |
| Insured by |
F.D.I.C.
|
Cons
- Rate is extended for new customers only. Customers who opened accounts with the "High Rise" or "Ultimate" Savings names are earning a much lower rate.
- Customers complain of web glitches in the application and the user experiences.
- Transfers inbound and outbound may be restricted.
Recent Rate Changes
|
Date
|
APY
|
|
April 4, 2025 |
4.05%
|
|
March 24, 2025 |
4.10%
|
|
March 12, 2025 |
4.20%
|
|
February 25, 2025 |
4.30%
|
|
February 3, 2025 |
4.40%
|
|
January 25, 2025 |
4.50%
|
|
November 18, 2024 |
4.60%
|
|
October 29, 2024 |
4.76%
|
|
October 1, 2024 |
4.90%
|
|
September 18, 2024 |
5.01%
|
|
August 5, 2024 |
5.05%
|
|
June 13, 2024 |
5.15%
|
|
January 9, 2024 |
5.20%
|
|
December 27, 2023 |
5.25%
|
|
October 12, 2023 |
5.40%
|
|
September 26, 2023 |
5.25%
|
|
August 20, 2023 |
5.15%
|
Customer Reviews for Popular Direct (38)
Neil
December 18, 2023 |
I submitted a CD application 18 months 5.50 APY over a week ago and my application was declined no reason was given, I have the funds in another bank for transfer, credit score over 800. I think the reason is because the interest is coming down and they are not willing to offer those rates. At the time of application, the rates were still being offer but it took Popular Direct over a week to review, remember I'm not borrowing money, I'm depositing money, what a joke
Is this review helpful? Yes:4 / No: 0
Tad Wright
November 17, 2023 |
terrible bank - save yourself the aggrevation and even take a few pennies less if necessary
Is this review helpful? Yes:4 / No: 1
Frank M
July 3, 2023 |
1-year rate of 5.35% is good, but the early withdrawal penalties are absurd. Unless you know you won't need the money in less than 1-year (no loss of job, divorce, cancer, etc.), buying a 1-year CD with a 270 day early withdrawal penalty is a bad idea. I will gladly take a little less for a lower fee. Forbright at 5.30% is a much better idea here.
Is this review helpful? Yes:7 / No: 0
jacko
June 25, 2023 |
A complete waste of time
Is this review helpful? Yes:4 / No: 0
Good luck
June 18, 2023 |
impossible to get money back after cd maturity. couldn't even transfer it to their savings acct.
Is this review helpful? Yes:4 / No: 0
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