Carver Bank vs. Popular Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Carver BankHigh Yield Savings Jan 7, 2026 | Popular DirectPopular Direct Select Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.00% | 3.90% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $5,000+$195 $10,000+$390 $25,000+$975 |
Min Deposit | $5,000 | $100 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredLow Minimums |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing Carver Bank vs. Popular Direct
As of Carver Bank offers an APY of 4.00% for its High Yield Savings account, with a minimum balance of $5,000, compared to Popular Direct's 3.90% APY for its Popular Direct Select Savings account, with a minimum balance of $0.01.
Carver Bank pays $10 more than Popular Direct on a $10,000 balance after one year. Carver Bank pays $400, while Popular Direct pays $390 - an APY advantage for Carver Bank.
Why Carver Bank?
- ✓Higher rated iOS app (4.7 vs 1.3)
- ✓Higher rated Android app (4.5 vs 1.3)
- ✓Fast transfers via Zelle®
Why Popular Direct?
No distinct advantages found vs Carver Bank.
— Key Feature Differences —
Best Mobile App Experience
Carver BankCarver Bank offers an iOS app rated 4.7 (vs. 1.3) and Android app rated 4.5 (vs. 1.3)
Shared Benefits
Over a 1-year period, Carver Bank's High Yield Savings pays $10 more interest on a $10,000 balance than Popular Direct's Popular Direct Select Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Carver Bank offers a High Yield Savings account with a competitive APY of 4.00%, requiring a minimum deposit and balance of $5,000, and has no maintenance fees if the minimum balance is maintained. This account is online-only and does not require direct deposit. In contrast, Popular Direct provides a Select Savings account with a slightly lower APY of 3.90%, with a much lower minimum deposit of $100 and a minimum balance of just $0.01, also with no maintenance fees. Both banks are FDIC insured and offer accounts that compound interest daily. Carver Bank stands out with its higher yield and superior mobile app experience.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Non-sponsored link to official site
Top Market Contenders
Carver Bank vs. Popular Direct Savings Calculator
You earn $10 more with Carver Bank than Popular Direct on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Carver Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
Popular Direct
Popular Direct Select Savings
Savings Breakdown
- Interest Earned+$390.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,390.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Carver Bank | Popular Direct |
|---|---|---|
| APY | 4.00% Verified: 1/7/2026 Stable (90d) | 3.90% Verified: 1/7/2026 ↘︎ 0.15%90d Change |
| Product Name | High Yield Savings | Popular Direct Select Savings |
| Minimum Deposit | $5,000 | $100 |
| Min. Balance for APY | $5,000 | $0.01 |
| Monthly Fee | $0, of minimum balance requirement met. Otherwise $6. | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android4.5 | iOS1.3 Android1.3 |
| Zelle® Support | Available Full native integration in digital banking. | Not Supported |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Carver Bank Non-sponsored link to official site | Visit SiteVerify at Popular Direct Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Carver Bank | Popular Direct |
|---|---|---|
| High Yield Savings | Popular Direct Select Savings | |
Current APY | 4.00% | 3.90% |
Trend | Stable | Stable |
Velocity (bps/mo) | -1.0 | -2.3 |
Days Since Change | 309 | 23 |
11-Month High | 4.25% | 4.50% |
11-Month Low | 4.00% | 3.90% |
Adjustments / Mo | 0.09 | 0.79 |
Volatility Score | 0.017 | 0.027 |
How to read these metrics(Click to expand)
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