Popular Direct
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 3.05% | 5-year CD | 5 Year Popular Direct CD |
| 2.35% | 18-month CD | 18 Month Popular Direct CD 2.35% - Ally Bank High Yield 18-Month CD |
| 2.65% | 2-year CD | 2 Year Popular Direct CD 2.50% - Capital One 24 Month 360 CD |
Related Posts
5/17 - Popular Direct - Savings Rate Confusion
5/17 - Popular Direct Cuts Savings Rate To 1.85% Was 2.00%
5/16 - Popular Direct's 5-Year CD Leads Internet Banks
5/15 - Popular Direct Offering 3.05% APY On 5 Year CD
4/16 - Popular Direct Increases 5 Year CD Rate
4/2 - Popular Direct Ups Exclusive Savings Account Rate
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.
Account Freeze
BE AWARE: they will freeze your account for 60 days ! No outgoing ACH transfers allowed
Come-On Savings Rate
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!
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.
Data as of Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34967 |
| Year Established | 1999 |
| Employees | 664 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.7% |
| Return on Equity - YTD | 3.88% |
| Annual Interest Income | $92.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $9.23B$8.83B |
| Loans | Q1 2018vs Q1 2017 | $6.27B$5.71B |
| Deposits | Q1 2018vs Q1 2017 | $6.63B$6.31B |
| Equity Capital | Q1 2018vs Q1 2017 | $1.65B$1.84B |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $73.4MM$50.2MM |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $123.7MM$124.3MM |
| Real Estate Owned | Q1 2018vs Q1 2017 | $3.1MM$2.3MM |
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
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
" 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%
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 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
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.85% | $5k | - | Popular Direct Plus Savings Account |
Popular Direct CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
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