Popular Direct: Savings Accounts & Rates
By Aviel Fahl
Savings rates updated: 11/16/2025
Mission statement: Banksparency aims to make Popular Direct's savings accounts transparent and comparable to those of other banks. .
Note: Interest rates below are reported as APY, or Annual Percentage YieldWe earn a commission if you open an account through some links on this page.
Savings Overview
Popular Direct Select Savings: 4.00% APY(Rank 37 out of 87 tracked HYSAs)
National Savings Interest Rate: 0.4% (as of 10/20/2025)
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.
BBB Rating: A+ (BBB Accredited)
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 4.00%, competitive for high-yield savings.
- No maintenance fees, making it cost-effective.
- Minimum deposit requirement of only $100.
- A+ BBB rating indicates strong trustworthiness.
Considerations
- App Store and Google Play ratings are both low at 1.3.
- No physical branches available for in-person service.
- APY decreased from 4.05% in the last 30 days.
- Direct deposit is not required, but may limit some users.
Savings Account: In-Depth View
Savings Account Offered by Popular Direct
| Feature | Popular Direct Select Savings |
|---|---|
| APY | 4.00% (as of 11/16/2025) |
| 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
Popular Direct Select Savings (APY: 4.00%)
Total savings breakdown:
- Interest earned: $1,568.1 (10.07%)
- Total contributions: $13,000 (83.50%)
- Initial deposit: $1,000 (6.42%)
Your total balance
$15,568.10
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 | 4.00 % |
| Trend | Sideways |
| Slope (bps/mo) | -3.7 |
| Rate Changes / Mo | 0.81 |
| Days Since Last Change | 13 |
| High (-11 m) | 4.60 % |
| Low (-11 m) | 4.00 % |
| Draw-down from High | -13.0 % |
| Volatility (CV) | 0.040 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 11 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 (-11 m)
- Highest APY in the last 334 days.
- Low (-11 m)
- Lowest APY in the last 334 days.
- Draw-down from High
- How far today sits below the 11-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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- TAB Bank - 3.80% APY
- TD Bank - 0.05-2.75% APY
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| Feature | Popular Direct | Select a bank... |
|---|---|---|
| Product | Popular Direct Select Savings | N/A |
| APY | 4.00% (as of 11/16/2025) | 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 |
Alternatives to Popular Direct
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Barclays
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