MutualOne Bank vs. Popular Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | MutualOne BankMo Premium Savings Jan 7, 2026 | Popular DirectPopular Direct Select Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.07% | 3.90% |
Est. Earnings | $5,000+$0 $10,000+$0 $25,000+$1,018 | $5,000+$195 $10,000+$390 $25,000+$975 |
Min Deposit | $20,000 | $100 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® 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 MutualOne Bank vs. Popular Direct
As of MutualOne Bank offers an APY of 4.07% for its Mo Premium Savings account, with a minimum balance of $20,000, compared to Popular Direct's 3.90% APY for its Popular Direct Select Savings account, with a minimum balance of $0.01.
MutualOne Bank pays $17 more than Popular Direct on a $10,000 balance after one year. MutualOne Bank pays $407, while Popular Direct pays $390 - an APY advantage for MutualOne Bank.
In addition, MutualOne Bank also offers 0.40% APY for the Online Savings account, with a minimum balance of 0.
Why MutualOne Bank?
- ✓Higher potential APY (4.07% vs 3.90%)
- ✓Physical branch access (Full-service banking offices in Framingham, MA, and Natick, MA)
- ✓Higher rated iOS app (4.9 vs 1.3)
- ✓Higher rated Android app (4.4 vs 1.3)
- ✓Fast transfers via Zelle®
Why Popular Direct?
No distinct advantages found vs MutualOne Bank.
— Key Feature Differences —
Better Returns at $10,000
Popular DirectPopular Direct's Popular Direct Select Savings earns more on smaller deposits (approx. $390 vs $0/yr).
Better Returns at $25,000
MutualOne BankMutualOne Bank's Mo Premium Savings pulls ahead with larger amounts (approx. $1018 vs $975/yr).
Best Mobile App Experience
MutualOne BankMutualOne Bank offers an iOS app rated 4.9 (vs. 1.3) and Android app rated 4.4 (vs. 1.3)
Shared Benefits
Over a 1-year period, MutualOne Bank's Mo Premium Savings pays $17 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
MutualOne Bank offers a competitive Mo Premium Savings account with an APY of 4.07%, making it the highest-yielding option between the two banks. This account requires a minimum deposit of $20,000 and has no maintenance fees. In contrast, Popular Direct's Select Savings account provides a lower APY of 3.90% but allows for a much lower minimum deposit of $100. Both banks offer online-only savings accounts with no direct deposit requirements. For those looking to maximize their savings, MutualOne Bank's Mo Premium Savings is the superior choice.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
MutualOne Bank vs. Popular Direct Savings Calculator
You earn $34 more with MutualOne Bank than Popular Direct on a $20,000 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.
MutualOne Bank
Mo Premium Savings
Savings Breakdown
- Interest Earned+$814.00(3.9%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,814.00
Popular Direct
Popular Direct Select Savings
Savings Breakdown
- Interest Earned+$780.00(3.8%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,780.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | MutualOne Bank | Popular Direct |
|---|---|---|
| APY | 4.07% Verified: 1/7/2026 Stable (90d) | 3.90% Verified: 1/7/2026 ↘︎ 0.15%90d Change |
| Product Name | Mo Premium Savings | Popular Direct Select Savings |
| Minimum Deposit | $20,000 | $100 |
| Min. Balance for APY | $20,000 | $0.01 |
| Monthly Fee | $0 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android4.4 | iOS1.3 Android1.3 |
| Zelle® Support | Available Verified via website and app descriptions. | Not Supported |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at MutualOne 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 | MutualOne Bank | Popular Direct | |
|---|---|---|---|
| Online Savings | Mo Premium Savings | Popular Direct Select Savings | |
Current APY | 0.40% | 4.07% | 3.90% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | -0.0 | -5.6 |
Days Since Change | 114 | 114 | 23 |
4-Month High | 0.40% | 4.07% | 4.10% |
4-Month Low | 0.40% | 4.07% | 3.90% |
Adjustments / Mo | 0.00 | 0.00 | 0.77 |
Volatility Score | 0.000 | 0.000 | 0.016 |
How to read these metrics(Click to expand)
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