Popular Direct: Savings Accounts & Rates

Savings rates updated: 9/5/2025

Mission statement: Banksparency aims to make Popular Direct's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

Note: Interest rates below are reported as APY, or Annual Percentage Yield

We earn a commission if you open an account through some links on this page.

Savings Overview

Popular Direct Select Savings: 4.10% APY(Rank 40 out of 81 tracked HYSAs)

Minimum Deposit: $100 | Online Only

National Savings Interest Rate: 0.39% (as of 8/26/2025)

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: New York, New York

Founded: 2016

Affiliation: Products are offered by Popular Bank, the U.S. banking subsidiary of Popular, Inc. (NASDAQ: BPOP)

Access to Branches: None. You cannot make use of Popular Bank's branches.

Deposit Insurance: FDIC Cert # 34967

BBB Rating: A+

App Store Rating: 1.3/5

Google Play Rating: 1.3/5

Website: Visit Popular Direct

Our Take on Popular Direct

Highlights

Current APY of 4.10% is competitive and increased from 4.05% last month.
No maintenance fees or minimum balance requirements.
A+ BBB rating indicates high trustworthiness.
Online-only account offers convenience without branch visits.

Considerations

App Store and Google Play ratings are low at 1.3.
No physical branches available for in-person banking.
Minimum deposit of $100 may be a barrier for some.
Direct deposit is not required but may limit options.

Summary: Popular Direct offers a high-yield savings account with a competitive APY of 4.10%, which has recently increased. The account has no maintenance fees or minimum balance requirements, making it accessible for savers. However, it lacks physical branches and has low app ratings at 1.3. While there is a minimum deposit of $100, the account is online-only, which may not suit everyone.

Savings Account: In-Depth View

Savings Account Offered by Popular Direct

Feature	Popular Direct Select Savings
APY	4.10% (as of 9/5/2025)
APY Trend	+0.05% MoM
Minimum Deposit	$100
Minimum Balance for APY	$0.01
FDIC-insured	Yes
Online Only	Yes
Bundled Account	No
Direct Deposit Required	No
Compound Frequency	Daily
Maintenance Fee	$0
Eligibility	United States
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for Popular Direct

All calculations are based on APY.

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,609.3 (10.31%)
Total contributions: $13,000 (83.28%)
Initial deposit: $1,000 (6.41%)

Your total balance

$15,609.30

Effective APY: 4.10% (based on your deposit and contributions)

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

Metric	Popular Direct Select Savings
Latest APY	4.10 %
Trend	Falling
Slope (bps/mo)	-5.9
Rate Changes / Mo	0.80
Days Since Last Change	11
High (-9 m)	4.60 %
Low (-9 m)	4.05 %
Draw-down from High	-10.9 %
Volatility (CV)	0.044

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 9 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 (-9 m): Highest APY in the last 261 days.
Low (-9 m): Lowest APY in the last 261 days.
Draw-down from High: How far today sits below the 9-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.

Compare Popular Direct's Savings Account

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Presidential Bank - 4.00-4.50% APY
Prime Alliance Bank - 4.05% APY
Primis Bank - 4.20% APY
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ROGER - 4.12% APY
Salem Five Direct - 4.01% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.03% APY
SoFi Bank - 3.80% APY
Synchrony Bank - 3.80% APY
TAB Bank - 4.15% APY
TD Bank - 0.05-3.00% APY
The State Exchange Bank - 4.21% APY
TIMBR - 4.40% APY
UFB Direct - 4.01-4.21% APY
Upgrade - 4.02% APY
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Wells Fargo - 0.05-2.51% APY
Western Alliance Bank - 4.25% APY
Zynlo Bank - 4.35% APY

Feature	Popular Direct	Select a bank...
Product	Popular Direct Select Savings	N/A
APY	4.10% (as of 9/5/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	Yes	N/A
Compound Frequency	Daily	N/A
Minimum Deposit	$100	N/A
Minimum Balance for APY	$0.01	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A

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