Popular Direct
Related Posts
11/1 - How Low Can They Go? Down Again
10/21 - High Yield Savings Drops YET AGAIN
10/7 - 10/7/19 Rate Reduced To 2.3%
9/9 - Savings Rate Drop 9/9/19
8/30 - Ultimate Savings Slight Rate Drop 8/30/19
8/1 - Popular Direct Unveils Ultimate Savings Account, 2.55% APY
7/31 - Ultimate Savings Account 2.55% APY
1/31 - CD Rate Reductions
1/30 - 5 Year CD Rate Drops Again
1/22 - 1 Year CD Drops To 2.73% From 2.85%
1/22 - Popular Direct Rate Decline - 5 Year CD
12/3 - Popular Direct Nudges Its 1 Year CD To 2.85% APY
12/3 - Popular Direct Plus Savings Now 2.36%
11/21 - Popular Direct Ups 12 Month CD To 2.81% APY, Minimum $10K
10/26 - Popular Direct Savings Rate Increase To 2.26%
10/24 - Popular Direct Pushes 5-Year CD APY Upward
10/18 - 5 Year CD Raised
10/10 - Savings Raised To 2.10%, $5K Min
8/16 - Popular Direct Credits Accounts to Correct Effective Date Mistake
7/24 - Popular Direct Ups Plus Savings Rate
7/23 - Popular Direct Implements 60-Day Account Freeze On New Accounts
7/21 - 5 Year CD Rate Increase To 3.25% APY
5/26 - Bad News - A 60-Day Account Authorization Hold May Be Placed On All New Accounts
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
Locked In 3.5% CD In 2018
I feel blessed and quite pleased with myself that I was able to lock in some money with popular direct when the interest rates were high. Relatively High. I hear all of these people whining and complaining about popular direct. Some say they drop their savings account interest rates. Well guess what so did all the other online saving accounts drop their interest rates. I had other online savings accounts that dropped their rates further than this popular Direct. And as far as the customer service they've been excellent. Not sure what a few of your complaining about which seems completely without any Merit. Thank you popular Direct!
Very Good Experience So Far . .
I've registered here just so I could post this review. I have called customer service many times and have had friendly, helpful service. As far as rates - well - they WILL change daily and it will affect every savings account. I mean, that's the way daily interest is applied. The rate may change, but it's still king of te hill for a high rate all year on my daily savings account. I got tired of Well's Fargo giving me $0.92 on my savings. I've not been locked out, ever. Have been a customer for 15 months and have been more than satisfied with the bank and have recommended them several times. I would be interested knowing what they said about why the account was locked?
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!!
Access Down
CIT and Popular Direct access are both currently down. The fact that they use the exact same software is quite troubling.
Data as of Q2 2019
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34967 |
| Year Established | 1999 |
| Employees | 711 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.48% |
| Return on Equity - YTD | 2.64% |
| Annual Interest Income | $201.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $9.72B$9.47B |
| Loans | Q2 2019vs Q2 2018 | $6.90B$6.49B |
| Deposits | Q2 2019vs Q2 2018 | $7.08B$7.06B |
| Equity Capital | Q2 2019vs Q2 2018 | $1.78B$1.66B |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $67.5MM$75.9MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $94.1MM$131.9MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $2.6MM$3.3MM |
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.
Popular Direct Again Cuts Savings Rate
$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
How Low Can They Go? Down Again
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.
My balance is down to $400 since last week, until 6 months have passed and I can close the account without penalty.
High Yield Savings Drops YET AGAIN
$5,000
minimum deposit
Annual Percentage Yield (APY) offer is available only for new Popular Direct Ultimate Savings account opened effective as of Monday, October 21, 2019.
My money is being transferred out in AM
Savings Rate Drop 9/9/19
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 |
|---|---|---|---|---|
| 1.90% | - | - | Popular Direct Ultimate Savings Account |
Popular Direct CD Rates
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