Available nationwide, Popular Direct is offers 4.60% APY on your funds by when you fund a Popular Direct Savings Account with at least $5,000. You can determine if its deposit accounts are suitable for your banking needs with the guide below.
Update 11/23/24: The rate has decreased to 4.60% APY (from 4.65%). We recommend the Western Alliance Bank savings account to earn one of the top rates available.
Headquartered in New York, Popular Direct is an online-only bank that offers competitive rates on their savings accounts and CDs if you can meet the minimum deposit requirements.
About Popular Direct
Bank Popular Direct solely operates online. It is a division of Popular Bank, a full-service bank that was established more than 120 years ago. Popular Direct, which debuted in 2016, provides online savings accounts and certificates of deposit with high yields.
Popular Direct High-Rise Savings Account
Here is your opportunity to earn a competitive rate on your funds. Open the account with a minimum opening deposit of $5,000 to start earning interest today!
- Account Type: High-Rise Savings Account
- Rate Offer: 4.60% APY Rate
- Availability: Nationwide, Online
- Minimum Balance: $5,000
- Maximum Balance: None
- Credit Inquiry: Soft Pull
- Credit Funding: Unknown
- Monthly Fee: $4 service fee if the daily balance is below $500
- Early Termination Fee: $25 if account is closed within 180 days of opening
(FDIC Insured)
Popular Direct Bank ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | ? | ? | ? |
| Pull | ? | ? | $30,000 | ? |
Editor’s Note: Help us with the table above in the comment section if you have experience with Popular Direct Bank’s ACH capabilities.
Account Rates
| Balance Requirement | APY Rate |
| $5,000+ | 4.60% |
Popular Direct Savings Account Benefits
- Earn a competitive rate higher than the national average
- Interest is compounded daily
- Have peace of mind with FDIC insured deposits
- Mobile banking for depositing checks on the go and receiving account alerts
- Transferring money is made simple and secure
- Online banking available on all digital devices
Author’s Verdict
If you’re looking for a savings account with a great return rate, consider Popular Direct! With just a $5,000 minimum deposit, you will earn a solid rate. If you know of any account similar to this or better, please let us know by commenting below!
In addition to the current rate from Popular Direct, you can also take advantage of a range of great promotions from banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
If you happen to know whether this account incurs a hard/soft pull, please let us know. Let us know about your thoughts and experience with this account! Be sure to check back on BankDealGuy for more bank rates!
