Some positive increases are being advertised for CD's and savings rates at PD. Savings rate of 0.75% APY (up from 0.50%) is the most notable, numerous CD's have also jumped to the more competitive in the market at this time.

Popular Direct Nationally Available 2-Year CD Is A Rate Leader - 3/29/2022

Popular Direct (internet bank) has raised the rates on its 2-, 3-, and 5-year CDs to very competitive levels. $10k minimum opening deposit.

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2022
2021
2020
Earlier

5/10 - Popular Direct Rate Increases
3/29 - Popular Direct Nationally Available 2-Year CD Is A Rate Leader

6/3 - Drop In Savings Rate At Popular Direct

10/15 - Rate Drop To .65 On High Tier Ultimate Savings
8/1 - Popular Direct Lowers Savings To .75% APY
3/16 - Popular Direct Slashes CD Rates; Savings Rate Steady For The Moment
3/13 - Popular Direct Lowers Rates .1% To 1.80% APY

Reviews (97)

Just Read The Account Conditions Before Investing

Posted by: Gingerdusty | Jan 3, 2020

I have investments in a CD and Ultimate Savings Account with Popular and all has gone well. But then again, I read the conditions of the Ultimate Savings Account and understood how it worked before I plunked my money down.

So many of the complaining customers act so outraged when the bank treats their account exactly like they said they would - - in writing.

Yesterday I did a transfer from Popular to my external account and it was there this morning.

Yes, rates in a savings account can go down. That's the nature of a savings account. If you don't want that to happen, buy a CD.

The representatives on the phone have always been responsive and polite to me, likely because I'm polite with them. Try it.

No Problems With Frozen Account Or Transferring Money

Posted by: susancar | Jun 21, 2018

Reading all these negative reviews about this bank ~ I panicked and tried to transfer $5,000 out a couple days ago. Just checked today and had no problems what so ever. I have had an account of some form with Popular Bank for a couple years now; I just keep opening up a new account when they offer better rates and transfer all but $500 until the old account has been opened 180 days to avoid the early withdraw fee... THAT is a pain, but I must say I have never encountered any issues and whenever I call customer service, I am satisfied with the service that I get. Their website isn't as sophisticated as others, but I keep getting the great interest rate which makes me stay.

Watch Out!

Posted by: Nutgraf | Sep 2, 2016

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.

Deceptive Practices

Posted by: lisar888 | May 3, 2022

I opened an "ultimate savings" account several years ago which had the highest rate at the time. I just found out that they changed the rate on that account and started advertising a "high yield savings" as their highest rate which matched the other banks. On their website there is no mention of the "ultimate savings" account that I had and I assumed they only had one type of savings account which was the one I saw advertised whenever I went to their site and on other websites. I finally realized when I saw my bank statement. How many other people don't realize they have the account with a slightly different name earning less interest? Very deceptive in my opinion. Like bait and switch. Closed my account.

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Health

Data as of Q1 2022

Data displayed below is for insuring bank: Popular Bank

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	34967
Year Established	1999
Employees	680
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.03%
Return on Equity - YTD	5.75%
Annual Interest Income	$95.6MM

Assets and Liabilities
Assets	Q1 2022vs Q1 2021	$10.58B$10.56B
Loans	Q1 2022vs Q1 2021	$8.47B$7.68B
Deposits	Q1 2022vs Q1 2021	$8.14B$8.10B
Equity Capital	Q1 2022vs Q1 2021	$1.85B$1.84B
Loan Loss Allowance	Q1 2022vs Q1 2021	$101.2MM$119.1MM
Unbacked Noncurrent Loans	Q1 2022vs Q1 2021	$31.6MM$34.7MM
Real Estate Owned	Q1 2022vs Q1 2021	$1.5MM$1.5MM

Popular Direct

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