Poppy Bank
Last Updated: 6/20/2025
Note: Interest rates below are reported as APY, or Annual Percentage YieldQuick Views
Poppy Premier Online Savings: 4.25% APY(Rank 28 out of 74 tracked HYSAs)
Minimum Deposit: $1,000 | Online Only
Poppy Premier Personal Savings: 0.50% APY(Rank 80 out of 87 savings accounts)
Minimum Deposit: $1,000
Poppy Personal Savings: 0.10% APY(Rank 82 out of 87 savings accounts)
Minimum Deposit: $1,000
National Savings Interest Rate: 0.42% (as of 5/19/2025)
Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.
(Source: FDIC)Bank Overview
Location: Santa Rosa, California
Founded: 2005
Affiliation: Formerly First Community Bank.
Access to Branches: Branches in California
BBB Rating: B+ (Not BBB Accredited)
App Store Rating: 4.4/5
Google Play Rating: 3.5/5
Website: Visit Poppy Bank
Our Take on Poppy Bank
Highlights
- Poppy Premier Online Savings offers a competitive APY of 4.25%.
- No monthly maintenance fees with electronic statements.
- Branches available in California for in-person banking.
- App Store rating of 4.4 indicates user satisfaction.
Considerations
- BBB rating of B+; not BBB accredited.
- Lower APY options available at 0.1% and 0.5%.
- Minimum deposit and balance requirement of $1,000.
- Direct deposit not required, but may limit access to some users.
Summary: Poppy Bank offers a strong high-yield savings option with its Premier Online Savings account at 4.25% APY, while other accounts lag behind. Monthly maintenance fees can be avoided with electronic statements. However, the bank's B+ BBB rating and lack of accreditation may concern some savers. With branches in California and decent app ratings, Poppy Bank caters well to local customers, but the $1,000 minimum deposit may deter others.
Savings Accounts
Savings Accounts Offered by Poppy Bank
| Feature | Poppy Personal Savings | Poppy Premier Online Savings | Poppy Premier Personal Savings |
|---|---|---|---|
| APY | 0.10% (as of 6/20/2025) | 4.25% (as of 6/20/2025) | 0.50% (as of 6/20/2025) |
| APY Trend | Stable for the last month | Stable for the last month | Stable for the last month |
| Minimum Deposit | $1,000 | $1,000 | $1,000 |
| Minimum Balance for APY | $1,000 | $1,000 | $1,000 |
| FDIC-insured | Yes | Yes | Yes |
| Online Only | No | Yes | No |
| Bundled Account | No | No | No |
| Direct Deposit Required | No | No | No |
| Compound Frequency | Daily | Daily | Daily |
| Maintenance Fee | $0, if electronic statements selected, otherwise $5 | $0, if electronic statements selected, otherwise $5 | $0, if electronic statements selected, otherwise $5 |
| Eligibility | United States | United States | United States |
No deposit agreement summary available for this bank. | |||
Calculate Savings for Poppy Bank
All calculations are based on APY.
Deposit Frequency:
Total savings breakdown:
- Interest earned: $43 (4.12%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (95.88%)
Your total balance
$1,043.00
Effective APY: 4.25% (based on your deposit and contributions)
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Poppy Bank Savings Rates Over Time
Historical APY Insights
| Metric | Poppy Premier Personal Savings | Poppy Premier Online Savings | Poppy Personal Savings |
|---|---|---|---|
| Latest APY | 0.50 % | 4.25 % | 0.10 % |
| Trend | Sideways | Falling | Sideways |
| Slope (bps/mo) | 0.0 | -6.8 | -0.0 |
| Rate Changes / Mo | 0.00 | 0.40 | 0.00 |
| Days Since Last Change | 149 | 39 | 149 |
| High (-5 m) | 0.50 % | 4.50 % | 0.10 % |
| Low (-5 m) | 0.50 % | 4.25 % | 0.10 % |
| Draw-down from High | 0.0 % | -5.6 % | 0.0 % |
| Volatility (CV) | 0.000 | 0.024 | 0.000 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 5 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-5 m)
- Highest APY in the last 150 days.
- Low (-5 m)
- Lowest APY in the last 150 days.
- Draw-down from High
- How far today sits below the 5-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
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| Feature | Poppy Bank | Select a bank... |
|---|---|---|
| Product | N/A | |
| APY | 4.25% (as of 6/20/2025) | N/A |
| Bundled Account | No | N/A |
| FDIC-insured | Yes | N/A |
| Online Only | Yes | N/A |
| Compound Frequency | Daily | N/A |
| Minimum Deposit | $1,000 | N/A |
| Minimum Balance for APY | $1,000 | N/A |
| Maintenance Fee | $0, if electronic statements selected, otherwise $5 | N/A |
| Direct Deposit Required | No | N/A |