Featured Savings Rates
Featured Accounts

Popular Direct

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
3.05%5-year CD5 Year Popular Direct CD
2.35%18-month CD18 Month Popular Direct CD
2.65%2-year CD2 Year Popular Direct CD

Overview / Commentary
800-274-5696
85 Broad Street
New York, NY 10004

Related Posts

Bad News - A 60-Day Account Authorization Hold May Be Placed On All New Accounts - 5/26/2018

For Your Protection: Security Update As of March 15th, 2018, a 60-day account authorization hold may be placed on all new accounts, starting the date the account was opened. Your account will continue to earn interest during this time. If you need access to your funds sooner, please call our Care Center at 1.800.274.5696.

Popular Direct - Savings Rate Confusion - 5/17/2018

Another confusing move from the folks at Popular Direct with the newly posted 1.85% "Plus Savings" account. I'm hoping that based on my prior communications with PD that the "Exclusive Savings" account, paying 2.0%, will remain in play for account holders. I base that assumption on a fairly recent email from PD at the time the Exclusive savings account was initiated at 2%: " Your exclusive savings account will change by midnight tonight with the new rate showing, if you log into your account and see that your rate has not changed call us and we will resolve. This rate is for Exclusive Savings account holders, long as you have this product you will receive this rate."

Popular Direct Cuts Savings Rate To 1.85% Was 2.00% - 5/17/2018

1.85%APY - "New Account Rate" Popular Direct Plus Savings Account $5,000.00 Minimum Deposit To Open Account... $500.00 Minimum Balance Requirement to avoid $4.00 monthly service fee... EARLY ACCOUNT CLOSING FEE: $25.00 if account closed within 180 days...

View all posts from:


Good Bank With Annoying POD Policy

Posted by: Sperry8 | Apr 9, 2018

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.

Account Freeze

Posted by: bobretired | Jun 2, 2018

BE AWARE: they will freeze your account for 60 days ! No outgoing ACH transfers allowed

Come-On Savings Rate

Posted by: Markam | May 17, 2018

Offers of high rate to attract funds then quickly drops rates within a short time while most competitors are maintaining or raising their rates during time of rising market rate.
Be warned.

Will Lock Up Your Funds - Do Not Use!

Posted by: rateswatch | Jun 5, 2018

Having dealt with many internet based banks over the years, Popular Direct is officially the worst experience I have had with a bank. While their interface is poor, the lure of the 2% account convinced me to deposit $200k with them (wanted to remain below FDIC limits given the caliber of the bank). Everything was fine for the first 50 days or so, until I tried to withdraw some funds. I scheduled an ACH transfer without issue, but on the night of the scheduled transfer I received an email that the transfer had failed. I called their customer service line, only to be told that they put in place a retroactive 60 day account hold on all new accounts. Had this policy been in place when I signed up, I would have not opened an account. There was no email notification of this new policy, just a popup if you happen to try and log in to your account (which I did not see as I had scheduled the transfer before the policy was changed). Customer service told me I need to email them a copy of a canceled check to prove ownership of the recipient account for the transfer (despite this account being linked to my account the entire time, with the usual test deposit verification process). I email them the check, but am told it will take 1-3 business days to release the hold. There is no way to talk to this mysterious fraud department on the phone and the customer service agents cannot help you with this. I immediately closed my account, which they say they will process in 1-3 business days. As a last shot at me as a customer, they transfer the funds out to the original account I transferred in from, still without any notice. They also charge a $25 fee to close the account within 180 days of opening. Small price to pay to be rid of these idiots. I will be making complaints to the banking regulators as well given their deceptive practices. From now on, am sticking with reputable internet banks.

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Health

Health Grade Components

Overall
FDIC Certificate #34967
Year Established1999
Employees664
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.7%
Return on Equity - YTD3.88%
Annual Interest Income$92.3MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$9.23B$8.83B
LoansQ1 2018vs Q1 2017$6.27B$5.71B
DepositsQ1 2018vs Q1 2017$6.63B$6.31B
Equity CapitalQ1 2018vs Q1 2017$1.65B$1.84B
Loan Loss AllowanceQ1 2018vs Q1 2017$73.4MM$50.2MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$123.7MM$124.3MM
Real Estate OwnedQ1 2018vs Q1 2017$3.1MM$2.3MM
  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.

Bad News - A 60-Day Account Authorization Hold May Be Placed On All New Accounts

davidlogs   |  
For Your Protection: Security Update

As of March 15th, 2018, a 60-day account authorization hold may be placed on all new accounts, starting the date the account was opened. Your account will continue to earn interest during this time.

If you need access to your funds sooner, please call our Care Center at 1.800.274.5696.

Popular Direct - Savings Rate Confusion

iamaroc   |  
Another confusing move from the folks at Popular Direct with the newly posted 1.85% "Plus Savings" account. I'm hoping that based on my prior communications with PD that the "Exclusive Savings" account, paying 2.0%, will remain in play for account holders. I base that assumption on a fairly recent email from PD at the time the Exclusive savings account was initiated at 2%:

" Your exclusive savings account will change by midnight tonight with the new rate showing, if you log into your account and see that your rate has not changed call us and we will resolve. This rate is for Exclusive Savings account holders, long as you have this product you will receive this rate."

Popular Direct Cuts Savings Rate To 1.85% Was 2.00%

IvoryMale   |  
1.85%APY - "New Account Rate"
Popular Direct Plus Savings Account
$5,000.00 Minimum Deposit To Open Account...
$500.00 Minimum Balance Requirement to avoid $4.00 monthly service fee...
EARLY ACCOUNT CLOSING FEE: $25.00 if account closed within 180 days...

Popular Direct Offering 3.05% APY On 5 Year CD

iamaroc   |  
5 year CD is now 3.05% APY (up from 2.9%)

Popular Direct Increases 5 Year CD Rate

iamaroc   |  
Popular Direct has posted an increase to 2.9% APY (was 2.75) on the 5 year CD.

New 2.00% Savings Rate

kxlly   |  
Savings rate increased from 1.65% to 2.00%.

"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

Rates
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Popular Direct Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.85%$5k-Popular Direct Plus Savings Account

Popular Direct CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.05%$10k-5 Year Popular Direct CD
2.80%$10k-4 Year Popular Direct CD
2.75%$10k-3 Year Popular Direct CD
2.65%$10k-2 Year Popular Direct CD
2.35%$10k-18 Month Popular Direct CD
2.30%$10k-1 Year Popular Direct CD
2.05%$10k-6 Month Popular Direct CD
0.75%$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 feedback@depositaccounts.com 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.