Popular Direct: Savings Accounts & Rates

Savings rates updated: 10/21/2025

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 Yield

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

Savings Overview

Popular Direct Select Savings: 4.05% APY(Rank 34 out of 82 tracked HYSAs)

Minimum Deposit: $100 | Online Only

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.

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 4.05%, slightly down from 4.10% last month.
No maintenance fees or minimum balance requirements.
A+ BBB rating indicates strong trustworthiness.
Online-only account provides easy access.

Considerations

App Store and Google Play ratings are both low at 1.3.
No physical branches available for in-person service.
Minimum deposit requirement of $100 may deter some savers.
Direct deposit is not required but may limit some benefits.

Summary: Popular Direct offers a competitive APY of 4.05% for its Select Savings account, though it has slightly decreased from 4.10% over the past month. The account has no maintenance fees and a low minimum deposit of $100, but lacks physical branches and has low app ratings. Its A+ BBB rating reflects strong trustworthiness, making it a viable option for online savers seeking higher yields.

Savings Account: In-Depth View

Savings Account Offered by Popular Direct

Feature	Popular Direct Select Savings
APY	4.05% (as of 10/21/2025)
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.

Savings Product:

Popular Direct Select Savings (APY: 4.05%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,588.7 (10.19%)
Total contributions: $13,000 (83.39%)
Initial deposit: $1,000 (6.41%)

Your total balance

$15,588.70

Effective APY: 4.05% (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	4.05 %
Trend	Sideways
Slope (bps/mo)	-4.3
Rate Changes / Mo	0.78
Days Since Last Change	15
High (-10 m)	4.60 %
Low (-10 m)	4.05 %
Draw-down from High	-12.0 %
Volatility (CV)	0.041

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 10 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 (-10 m): Highest APY in the last 308 days.
Low (-10 m): Lowest APY in the last 308 days.
Draw-down from High: How far today sits below the 10-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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CIBC Bank USA - 3.92% APY
CIT Bank - 0.25-3.85% APY
Citibank - 3.40% APY
Citizens Access™ - 3.50% APY
Colorado Federal Savings Bank - 4.05% APY
ConnectOne Bank - 3.85% APY
Customers Bank - 3.98% APY
Discover Bank - 3.40% APY
Elevault - 4.34% APY
E*TRADE from Morgan Stanley - 3.75% APY
EverBank - 4.05% APY
Evergreen Bank Group - 4.25% APY
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Forbright Bank - 4.00% APY
FVCbank - 4.10% APY
GO2bank - 4.50% APY
High Plains Bank - 0.23-3.82% APY
Jenius Bank - 4.20% APY
LendingClub - 3.20-4.20% APY
Live Oak Bank - 4.00% APY
Marcus by Goldman Sachs - 3.65% APY
MutualOne Bank - 4.07% APY
My Banking Direct - 4.20% APY
MySavingsDirect - 3.75% APY
Neighbors Bank - 4.50% APY
Newtek Bank - 4.35% APY
OMB Bank - 1.00% APY
Openbank - 4.20% APY
Peak Bank - 4.20% APY
Pibank - 4.60% APY
PNC - 3.85% APY
Poppy Bank - 4.25% APY
Presidential Bank - 4.00-4.50% APY
Prime Alliance Bank - 3.90% APY
Primis Bank - 3.85% APY
Quontic Bank - 3.75% APY
RBMAX - 3.90% APY
Rising Bank - 4.10% APY
ROGER - 3.87% APY
Salem Five Direct - 3.81% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.01% APY
SmartyPig - 3.90% APY
SoFi Bank - 4.50% APY
Synchrony Bank - 3.80% APY
TAB Bank - 3.80% APY
TD Bank - 0.05-2.75% APY
The State Exchange Bank - 3.86% APY
TIMBR - 4.40% APY
UFB Direct - 3.76-3.96% APY
Upgrade - 3.42% APY
Valley Direct - 4.10% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-0.05% APY
Western Alliance Bank - 4.10% APY
Zynlo Bank - 4.20% APY

Feature	Popular Direct	Select a bank...
Product	Popular Direct Select Savings	N/A
APY	4.05% (as of 10/21/2025)	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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Presidential Bank

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