2. Popular Direct

Popular Direct

Popular Accounts at this Bank

APYACCOUNT TYPEHOW THEY COMPARE
2.88%2-year CD
2.55% - Bank OZK 24 Month Online CD - TN Only
2.78%18-month CD
1.60% - National Average
2.36%Savings
0.05% - Bank OZK Personal Savings
View all Popular Direct rates »

Overview / Commentary
www.populardirect.com
800-274-5696
85 Broad Street
New York, NY 10004

Related Posts

CD Rate Reductions - 1/31/2019

PD has reduced all of their 18 month and longer term CD's this week. Still near the top of available internet rates but the EWP as reported previously remains higher than average.

5 Year CD Rate Drops Again - 1/30/2019

5 year CD drops again, now 3.5% APY (was 3.55%)

1 Year CD Drops To 2.73% From 2.85% - 1/22/2019

This rate change appears today.

View all posts from:


Reviews (72)

Slick And Fast

Posted by: Gingerdusty | Aug 30, 2018

I worked for a couple of weeks trying to buy a CD from an institution that was paying .05% higher than Popular Direct and finally gave up. I went to the Popular Direct website and within 24 hours, I had filled out the application, confirmed the two micro deposits with my linked bank and the CD was purchased. Really well done website. These folks have their act together. Yes, it's a minuscule 0.05% less in the two year CD rate but the absence of brain damage is worth it!

10

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.

17

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.

64

Don't Send Money To This Bank Until You Read This

Posted by: vamai | Nov 5, 2018

Be very careful with Popular Direct's money market account. A few months ago they froze all accounts. Please look at all the complaints in the depositaccounts.com web site. Also look at the complaints filed in Consumer Financial Protection Bureau. Why should you care? Well the money you send them could be tied up for 60 days or more before you can get it back. (this is not a 2 month cd by the way - it is supposed to be a money market account) Mine was tied up for 90 days. This was the message on their web site……
Your security is important to us. That’s why, as of March 15, 2018, there will be a 60-day freeze on withdrawals for new accounts, starting with the date of account opening. Please note, your account will continue to earn interest during this time. Once the 60-day authorization period is complete, you may withdraw funds as needed…..


That may not be a problem for most people but if you are like me, I thought the concept of getting your money back on demand is a sacred policy of all banks. Think about that if you went to a local bank and they refused to give you your money back. It’s your money and you should not get an answer like “come back in 60 days”.

Do yourself a favor and investigate Popular Direct before you send them any money. They might just lower the rate that they are advertising right after you send them your money and worse of all, they have the right to freeze your assets (it’s in the fine print that they can do that).

24
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Health
A

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #34967
Year Established1999
Employees710
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD4.1%
Annual Interest Income$390.4MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$9.38B$9.17B
LoansQ4 2018vs Q4 2017$6.56B$6.14B
DepositsQ4 2018vs Q4 2017$6.98B$6.69B
Equity CapitalQ4 2018vs Q4 2017$1.71B$1.66B
Loan Loss AllowanceQ4 2018vs Q4 2017$62.2MM$72.1MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$113.6MM$133.1MM
Real Estate OwnedQ4 2018vs Q4 2017$2.6MM$2.0MM
  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.

CD Rate Reductions

Percussed   |  
PD has reduced all of their 18 month and longer term CD's this week. Still near the top of available internet rates but the EWP as reported previously remains higher than average.
4

5 Year CD Rate Drops Again

Percussed   |  
5 year CD drops again, now 3.5% APY (was 3.55%)
4

1 Year CD Drops To 2.73% From 2.85%

SYC   |  
This rate change appears today.
3

Popular Direct Rate Decline - 5 Year CD

Percussed   |  
Still near the top of online offerings but Popular Direct has reduced their 5 year CD offering to 3.55% APY (was 3.6)
4

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
2.36%$5k-Popular Direct Plus Savings Account

Popular Direct CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.20%$10k-5 Year Popular Direct CD
3.10%$10k-4 Year Popular Direct CD
3.05%$10k-3 Year Popular Direct CD
2.88%$10k-2 Year Popular Direct CD
2.78%$10k-18 Month Popular Direct CD
2.63%$10k-1 Year Popular Direct CD
2.45%$10k-6 Month Popular Direct CD
2.15%$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.