Popular Direct

Deposits held and insured by Popular Bank

Overview / Commentary
800-274-5696
85 Broad Street
New York, NY 10004
Deposits held and insured by Popular Bank

Related Posts

Popular Direct Again Cuts Savings Rate - 11/1/2019

1.90%APY $5,000 minimum deposit Annual Percentage Yield (APY) offer is available only for new Popular Direct Ultimate Savings account opened effective as of Friday, November 1, 2019. There are many better options out there

How Low Can They Go? Down Again - 11/1/2019

Popular Direct 1.90%APY $5,000 minimum deposit Annual Percentage Yield (APY) offer is available only for new Popular Direct Ultimate Savings account opened effective as of Friday, November 1, 2019. My balance is down to $400 since last week, until 6 months have passed and I can close the account without penalty.

High Yield Savings Drops YET AGAIN - 10/21/2019

2.15% APY $5,000 minimum deposit Annual Percentage Yield (APY) offer is available only for new Popular Direct Ultimate Savings account opened effective as of Monday, October 21, 2019. My money is being transferred out in AM

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Locked In 3.5% CD In 2018

I feel blessed and quite pleased with myself that I was able to lock in some money with popular direct when the interest rates were high. Relatively High. I hear all of these people whining and complaining about popular direct. Some say they drop their savings account interest rates. Well guess what so did all the other online saving accounts drop their interest rates. I had other online savings accounts that dropped their rates further than this popular Direct. And as far as the customer service they've been excellent. Not sure what a few of your complaining about which seems completely without any Merit. Thank you popular Direct!

Very Good Experience So Far . .

Posted by: CWren | Sep 24, 2019

I've registered here just so I could post this review. I have called customer service many times and have had friendly, helpful service. As far as rates - well - they WILL change daily and it will affect every savings account. I mean, that's the way daily interest is applied. The rate may change, but it's still king of te hill for a high rate all year on my daily savings account. I got tired of Well's Fargo giving me $0.92 on my savings. I've not been locked out, ever. Have been a customer for 15 months and have been more than satisfied with the bank and have recommended them several times. I would be interested knowing what they said about why the account was locked?

Never Trust Popular Direct

Popular Direct advertised 2.55% savings interest and we open a savings account and deposited close to $250K. Over the next 15 days, Popular Bank dropped the interest rate to 2.37%. We moved all our monie out since there are other banks which pays higher interest. Popular Bank wants to charge $4.00 a month per account and another $25 early termination fee. They are not gracious in waiving anything due to their shortcoming. NEVER BANK WITH POPULAR DIRECT!!

Access Down

Posted by: Buckeyes | Aug 16, 2019

CIT and Popular Direct access are both currently down. The fact that they use the exact same software is quite troubling.

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Health
A

Data as of Q2 2019

Data displayed below is for insuring bank: Popular Bank
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #34967
Year Established1999
Employees711
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.48%
Return on Equity - YTD2.64%
Annual Interest Income$201.2MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$9.72B$9.47B
LoansQ2 2019vs Q2 2018$6.90B$6.49B
DepositsQ2 2019vs Q2 2018$7.08B$7.06B
Equity CapitalQ2 2019vs Q2 2018$1.78B$1.66B
Loan Loss AllowanceQ2 2019vs Q2 2018$67.5MM$75.9MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$94.1MM$131.9MM
Real Estate OwnedQ2 2019vs Q2 2018$2.6MM$3.3MM
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Popular Direct Again Cuts Savings Rate

leemd   |  
1.90%APY
$5,000 minimum deposit

Annual Percentage Yield (APY) offer is available only for new Popular Direct Ultimate Savings account opened effective as of Friday, November 1, 2019.

There are many better options out there

How Low Can They Go? Down Again

leemd   |  
Popular Direct
1.90%APY
$5,000 minimum deposit
Annual Percentage Yield (APY) offer is available only for new Popular Direct Ultimate Savings account opened effective as of Friday, November 1, 2019.

My balance is down to $400 since last week, until 6 months have passed and I can close the account without penalty.

High Yield Savings Drops YET AGAIN

leemd   |  
2.15% APY
$5,000
minimum deposit
Annual Percentage Yield (APY) offer is available only for new Popular Direct Ultimate Savings account opened effective as of Monday, October 21, 2019.

My money is being transferred out in AM

10/7/19 Rate Reduced To 2.3%

Mikey1   |  
Now 2.3%, decreased with no advance notice

Savings Rate Drop 9/9/19

Mikey1   |  
Now 2.4% annual. Thought drops would be spread out on a monthly basis, this one much sooner. Hate to speculate, but the bare minimum may be all that’s left riding out the 180 days.

Ultimate Savings Slight Rate Drop 8/30/19

Mikey1   |  
Rate is now 2.50%. More to come?

Rates
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Always verify rates and promotions with the bank or credit union. We are not Popular Direct; we are a rate comparison website and cannot provide official rates or promotions.

Popular Direct Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.90%--Popular Direct Ultimate Savings Account

Popular Direct CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.15%$10k-5 Year Popular Direct CD
2.10%$10k-4 Year Popular Direct CD
2.05%$10k-3 Year Popular Direct CD
2.00%$10k-2 Year Popular Direct CD
1.90%$10k-18 Month Popular Direct CD
1.85%$10k-1 Year Popular Direct CD
1.75%$10k-6 Month Popular Direct CD
1.50%$10k-3 Month Popular Direct CD
Locations

Popular Direct is an Internet only bank and does not have branch locations. Its headquarters is located at 85 Broad Street - New York, NY 10004

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.