Popular Direct: Savings Account & Rates

By Aviel Fahl

Updated: 1/21/2026

Mission: Banksparency aims to make Popular Direct's savings account transparent and comparable to the market.

Interest rates reported as APY

Savings Overview

Popular Direct Select Savings

3.90% APY

Rate Adjusted

-0.15%

Since 90 days ago

Min: $100 Online Only

Min. Deposit	$100
Min. Balance	$0.01
Maintenance Fee	$0

Rank #28 of 99 tracked.

Market Reality Check

This bank offers rates below the current top tier. The best rates we track are currently above 4.20% APY.

See Top Rates

National Avg: 0.39% (FDIC, 12/15/2025).
Banksparency tracks live rates daily.

Bank Overview

HQ LocationNew York, New York
Founded2016
AffiliationProducts are offered by Popular Bank, the U.S. banking subsidiary of Popular, Inc. (NASDAQ: BPOP)
Ratings & Trust
1.3iOS 1.3Android A+BBB BBB Accredited
Zelle® SupportNo Support
Standard ACH or Wire transfers only.
Deposit InsuranceFDIC Insured(Cert: 34967)

Visit Official Website

Featured Offers

Axos ONE - High Yield Savings & Checking

Over 95,000 fee-free ATMs
Get paid up to 2 days early with Direct Deposit
One convenient app for spending & saving

FDIC Insured

Savings4.31%APY

Checking0.51%APY

Go to Axos Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$0
Min. Balance in Savings Account	$0
How to qualify for APY	OPTION ADirect Deposit $1,500+ AND Maintain $1,500+ avg daily checking balance. OR OPTION BDeposit $5,000+ total/mo AND Maintain $5,000+ avg daily checking balance.
Mobile Ratings	iOS:4.7 Android:4.5

The 4.31% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000.

EASY TRANSFERS, LOW MINIMUMS

SponsoredVerified Jan 21, 2026

FDIC Insured

Quontic High Yield Savings

Apply in 3 minutes or less
No monthly service fees
Transfer with Zelle, Apple Pay, G-Pay, and more

FDIC Insured

Savings3.50%APY

Go to Quontic Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$0
Mobile Ratings	iOS:4.8 Android:4.9

PREMIUM ACCOUNT, GENEROUS BONUS

SponsoredVerified Jan 21, 2026

FDIC Insured

CIT Bank - Platinum Savings

Competitive APY - with a balance of $5,000+
Earn up to $300 bonus with qualifying deposit
Highly rated mobile apps

FDIC Insured

Savings3.75%APY

Up to$300Bonus

Go to CIT Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$5,000
Mobile Ratings	iOS:4.8 Android:4.6

This is a tiered savings account, where the 3.75% APY requires meeting the $5,000 balance requirement. Lower balances earn an APY of 0.25%.

Our Take on Popular Direct

The Good

Decent APY of 3.90%
No monthly maintenance fees

Considerations

No physical branch access (online only)
Poorly rated mobile apps on both platforms (iOS: 1.3, Android: 1.3)

Verdict

Popular Direct offers the Select Savings account with an attractive APY of 3.90%. This account has no monthly maintenance fees and does not require direct deposit or checking account linkage. However, it is an online-only service, meaning there is no access to physical branches. Additionally, users should be aware of the poorly rated mobile apps on both iOS and Android platforms, which have ratings of 1.3.

Top Market Contenders

EverBank

3.90% APY

vs. Popular Direct

Ally Bank

3.30% APY

vs. Popular Direct

SoFi Bank

4.00% APY

vs. Popular Direct

Popular Peer Comparisons

Marcus by Goldman Sachs vs Synchrony Bank Ally Bank vs Axos Bank Chase Bank vs SoFi Bank Chase Bank vs Santander Bank Bank of America vs Capital One Capital One vs SoFi Bank

Savings Account: In-Depth View

Savings Account Offered by Popular Direct

Feature	Popular Direct Select Savings
APY	3.90%Verified: 1/21/2026
APY Trend	Rate Adjusted -0.15% Since 90 days ago
Min. Deposit	$100
Min. Balance	$0.01
Monthly Fee	$0
Direct Deposit	None
Checking Bundle	No
Branch Access	None
Compounding	Daily
FDIC Insured	Yes
Eligibility	United States
Next Steps	-

Calculate Savings for Popular Direct

All calculations are based on APY.

Selected Product

Popular Direct Select Savings3.90% APY

Initial Deposit

Recurring Deposit

Frequency

Duration

Savings Breakdown

Interest Earned
+$1,526.90(9.8%)
Total Contributions
$13,000
Initial Deposit
$1,000

Projected Balance

$15,526.90

Effective APY

3.90%

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Popular Direct Savings Rates Over Time

Historical APY Insights

Last 12 Months

Metric	Popular Direct Select Savings
Latest APY	3.90%
Trend	Sideways
Slope (bps/mo)	-2.8
Rate Changes / Mo	0.82
Days Since Last Change	37
High (-12m)	4.60%
Low (-12m)	3.90%
Draw-down	-15.2%
Volatility (CV)	0.032

How to read these metrics▼

Trends & Velocity

Trend: The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
Slope (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
Rate Changes / Mo: "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.

Risk & Range

High/Low: The absolute ceiling and floor of the rate during the 365-day window.
Volatility Score: Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
Days Since Change: If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.

Compare with Popular Direct

Feature	Current View Popular Direct	Empty Slot
Product	Popular Direct Select Savings	-
APY	3.90%Verified: 1/21/2026	-
APY Trend	Rate Adjusted -0.15% Since 90 days ago	-
Min. Deposit	$100	-
Monthly Fee	$0	-
Direct Deposit	No	-
Checking Bundle	No	-
Branch Access	None	-
Eligibility	United States	-
Compounding	Daily	-
FDIC Insured	Yes	-
Next Steps	-	-

Bank-to-Bank Comparisons

Compare Popular Direct's APY of 3.90% with other banks

Bank Pair	Competitor APY	Min Deposit
Popular Direct vs Ally Bank	3.30%	$0
Popular Direct vs American Express	3.30%	$0
Popular Direct vs Axos Bank	4.31%	$0
Popular Direct vs Bank of America	0.01%	$100
Popular Direct vs Barclays	4.00%	$0
Popular Direct vs Capital One	3.30%	$0
Popular Direct vs Chase Bank	0.01%	$0
Popular Direct vs Chime	3.50%	$0
Popular Direct vs CIT Bank	3.75%	$100
Popular Direct vs Citibank	3.30%	$0
Popular Direct vs Discover Bank	3.30%	$0
Popular Direct vs EverBank	3.90%	$0
Popular Direct vs Marcus by Goldman Sachs	3.65%	$0
Popular Direct vs Newtek Bank	4.35%	$0.01
Popular Direct vs Openbank	4.20%	$500
Popular Direct vs Pibank	4.60%	$0
Popular Direct vs SoFi Bank	4.00%	$0
Popular Direct vs Synchrony Bank	3.65%	$0
Popular Direct vs Varo Bank	5.00%	$0
Popular Direct vs Wealthfront	3.90%	$0
Popular Direct vs Wells Fargo	0.05%	$25