Popular Direct
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.90% | 5-year CD | 5 Year Popular Direct CD 2.50% - Ally Bank High Yield 5 Year CD |
| 2.00% | Savings | Popular Direct Exclusive Savings - New Account Rate |
| 2.30% | 18-month CD | 18 Month Popular Direct CD |
Related Posts
4/2 - Popular Direct Has 2.00% APY Exclusive Savings Account
4/2 - New 2.00% Savings Rate
3/7 - Popular Direct - 2.75% 5 Year CD Rate
2/28 - Popular Direct's Exclusive Savings Account Rate Jumps
2/27 - Popular Direct Offering New 1.65% Savings Rate
2/20 - Popular Direct's 18-Month CD Rate Climbs
2/3 - Popular Increases 18 Mo CD To 2.15% APY
1/17 - Popular Direct Ups Long-Term CD Rates And Adds New Savings Account
1/17 - Popular Direct Raises APY To 1.50% (was 1.4%)
9/25 - Popular Direct Boosts Plus Savings Account Rate
9/23 - Popular Direct Plus Savings, 1.40% APY
8/4 - Savings Rate Is Now 1.21% APY
7/3 - Popular Direct's Short-Term CDs Enjoy Top Rates
6/30 - One Year CD Rate Of 1.55%
6/27 - Popular Direct Raises 2-Year CD Rate
6/7 - Popular Direct Parent Bank Rescued By Santander
5/12 - 2-Year And 5-Year CD Rate Hikes At Popular Direct
3/27 - Popular Direct (Internet Bank) Ups 3-Year CD Rate
1/21 - Popular Direct Savings Rate Lowered From 1.26% To 1.15% Effective 1/4/2017
1/6 - Popular Direct’s 5-Year CD - Rate Leader for Internet Banks
1/5 - Popular Direct CD Issue with Listed Rates and APYs
Good Bank With Annoying POD Policy
Been a member of this bank since they opened and have had both CDs and savings accounts. Easy to open & maintain although they do have some annoying policies.
First is that they sometimes make you open add'l accounts to gain access to their high rates. At least this one is an easy fix since they have an easy to open online account process.
Second annoying process is that of adding PODs/Beneficiaries. You must provide all beneficiaries SS#'s. Imagine calling around to extended family and asking for this info. Dob should be good enough.
Even with the annoying policies I remain a happy member. But it sure would be nice if they fixed em.
High Yield Savings
I recently moved about $25,000.00 in Savings to this bank. I've had a substantial amount of money in my savings at my local bank for a few years. The interest rate has gone up slightly, but is still a paltry 0.3%. I did some research online to find a bank that was giving a better return on my money, yet still allowed for easy access should I need it. Popular Direct was offering a 2.00% APY on Savings account with at least $5,000.00, so I decided to give it a try. The account setup process was quick and painless and the website was easy to navigate. In addition, it allowed me to set up a direct link to my current account so I can move money to my local bank should the need arise. It's only been a short time, so it is still unclear if there will be any hiccups, but thus far I have been satisfied.
Watch Out!
Take a look at the very fine print on the account agreement before you do business with this bank. When you close your account, they DO NOT accrue interest to the closing date. That can get expensive if you don't pay attention.
BEWARE ALREADY HUGE PROBLEMS YOU DO NOT NEED!!
This bank is incompetent. I opened a account when i saw the 2% that day. The application went thru however after the problems began. I was locked out of my account during the first 15 minutes and talked with them on the phone. They claimed the problem be fixed within 24 hours. I instructed do not INITIATE THE ACH UNTIL i can succesfully open the site. They took the money anyway. I had to force them today to get my trial deposits info from my external bank and they refused. I then spent 5 times until i forced them with repeorting them to comptroller of the currency usa. I then made the external withdraw out of there bank as they were going to hold my 5000 for5 days..
DONT OPEN WITH THEM,,,IMCOMPETENT AND VERY UNPROFESSIONAL. CUSTOMER SERVICE CANNOT MAKE ANY DECISIONS, ALL MUST BE REVIEWED BY ANOTHER STAFF WITH 3-5 DAY TURN AROUND IF LUCKY.
NOBODY NEEDS THIS!!!
Data as of Q4 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34967 |
| Year Established | 1999 |
| Employees | 684 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.71% |
| Return on Equity - YTD | -8.53% |
| Annual Interest Income | $343.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $9.17B$8.63B |
| Loans | Q4 2017vs Q4 2016 | $6.14B$5.56B |
| Deposits | Q4 2017vs Q4 2016 | $6.69B$6.06B |
| Equity Capital | Q4 2017vs Q4 2016 | $1.66B$1.83B |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $72.1MM$42.3MM |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $133.1MM$121.1MM |
| Real Estate Owned | Q4 2017vs Q4 2016 | $2.0MM$3.0MM |
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 Increases 5 Year CD Rate
New 2.00% Savings Rate
"Annual Percentage Yield (APY) offer is available only for new Popular Direct Exclusive Savings account opened effective as of 4/2/2018."
https://www.populardirect.com/products/savings/popular-direct-exclusive-savings
Popular Direct - 2.75% 5 Year CD Rate
Popular Direct Offering New 1.65% Savings Rate
Popular Increases 18 Mo CD To 2.15% APY
https://www.populardirect.com/products/cds#18-month
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.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Popular Direct Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | - | - | Popular Direct Exclusive Savings - New Account Rate |
Popular Direct CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.90% | $10k | - | 5 Year Popular Direct CD | |
| 2.50% | $10k | - | 4 Year Popular Direct CD | |
| 2.40% | $10k | - | 3 Year Popular Direct CD | |
| 2.35% | $10k | - | 2 Year Popular Direct CD | |
| 2.30% | $10k | - | 18 Month Popular Direct CD | |
| 1.80% | $10k | - | 1 Year Popular Direct CD | |
| 1.00% | $10k | - | 6 Month Popular Direct CD | |
| 0.75% | $10k | - | 3 Month Popular Direct CD |
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