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 Slashes CD Rates; Savings Rate Steady For The Moment - 3/16/2020

Per Popular direct website, while the savings rate remains at 1.80% APY for the moment, CD rates have been severely cut -- 1, 3, and 4 yrs. at 1.05% APY and 5 year at 1.15% APY. Full rate table below (all rates APY): 3 Month 0.80% 6 Month 0.85% 1 Year 1.05% 18 Month 0.90% 2 Year 0.95% 3 Year 1.05% 4 Year 1.05% 5 Year 1.15%

Popular Direct Lowers Rates .1% To 1.80% APY - 3/13/2020

https://www.populardirect.com/products/savings/popular-direct-ultimate-savings/

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

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Just Read The Account Conditions Before Investing

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.

Savings Rate Dropped To 2.5%

Have not had any problems with Popular Direct. Rate just lowered from 2.55 to 2.5 FYI.

Like So Many Others, This Bank Put A Freeze On My Account

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With NO ADVANCE NOTICE. That caused me to "bounce" a transfer and it left a bad taste in my mouth so I transferred out & closed the account as soon as my 6 months were up.

They currently have a top rate but with a history of new accounts while leaving old customers with lower rates.

Because of that, I would avoid this bank.

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!!

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Health
A+

Data as of Q4 2019

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

Health Grade Components

Overall
FDIC Certificate #34967
Year Established1999
Employees734
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.57%
Return on Equity - YTD3.12%
Annual Interest Income$407.8MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$10.06B$9.38B
LoansQ4 2019vs Q4 2018$7.18B$6.56B
DepositsQ4 2019vs Q4 2018$7.63B$6.98B
Equity CapitalQ4 2019vs Q4 2018$1.82B$1.71B
Loan Loss AllowanceQ4 2019vs Q4 2018$45.1MM$62.2MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$45.8MM$113.6MM
Real Estate OwnedQ4 2019vs Q4 2018$2.1MM$2.6MM
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
1.05%--Popular Direct Ultimate Savings Account

Popular Direct CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%$10k-5 Year Popular Direct CD
0.85%$10k-4 Year Popular Direct CD
0.65%$10k-3 Year Popular Direct CD
0.50%$10k-2 Year Popular Direct CD
0.45%$10k-18 Month Popular Direct CD
0.40%$10k-1 Year Popular Direct CD
0.25%$10k-6 Month Popular Direct CD
0.20%$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.