My Banking Direct vs. Popular Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | My Banking DirectHigh Yield Savings Account Jan 7, 2026 | Popular DirectPopular Direct Select Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.02% | 3.90% |
Est. Earnings | $5,000+$201 $10,000+$402 $25,000+$1,005 | $5,000+$195 $10,000+$390 $25,000+$975 |
Min Deposit | $500 | $100 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsGreat 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 My Banking Direct vs. Popular Direct
As of My Banking Direct offers an APY of 4.02% for its High Yield Savings Account, with a minimum balance of $1, compared to Popular Direct's 3.90% APY for its Popular Direct Select Savings account, with a minimum balance of $0.01.
My Banking Direct pays $12 more than Popular Direct on a $10,000 balance after one year. My Banking Direct pays $402, while Popular Direct pays $390 - an APY advantage for My Banking Direct.
Why My Banking Direct?
- ✓Higher potential APY (4.02% vs 3.90%) on all balances
- ✓Higher rated iOS app (4.7 vs 1.3)
- ✓Higher rated Android app (4.3 vs 1.3)
- ✓Fast transfers via Zelle®
Why Popular Direct?
No distinct advantages found vs My Banking Direct.
— Key Feature Differences —
Better Returns at $10,000
My Banking DirectMy Banking Direct's High Yield Savings Account earns more on smaller deposits (approx. $402 vs $390/yr).
Better Returns at $25,000
My Banking DirectMy Banking Direct's High Yield Savings Account pulls ahead with larger amounts (approx. $1005 vs $975/yr).
Best Mobile App Experience
My Banking DirectMy Banking Direct offers an iOS app rated 4.7 (vs. 1.3) and Android app rated 4.3 (vs. 1.3)
Shared Benefits
Over a 1-year period, My Banking Direct's High Yield Savings Account pays $12 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
My Banking Direct offers a High Yield Savings Account with a competitive APY of 4.02%, making it the clear winner compared to Popular Direct's Select Savings, which has an APY of 3.90%. Both accounts are online-only and have no maintenance fees, but My Banking Direct requires a minimum deposit of $500, while Popular Direct has a lower minimum deposit of $100. Neither account requires direct deposit. For those seeking higher returns, My Banking Direct's account is the more advantageous option.
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
My Banking Direct vs. Popular Direct Savings Calculator
You earn $12 more with My Banking Direct 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.
My Banking Direct
High Yield Savings Account
Savings Breakdown
- Interest Earned+$402.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,402.00
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 | My Banking Direct | Popular Direct |
|---|---|---|
| APY | 4.02% Verified: 1/7/2026 ↘︎ 0.18%90d Change | 3.90% Verified: 1/7/2026 ↘︎ 0.15%90d Change |
| Product Name | High Yield Savings Account | Popular Direct Select Savings |
| Minimum Deposit | $500 | $100 |
| Min. Balance for APY | $1 | $0.01 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android4.3 | iOS1.3 Android1.3 |
| Zelle® Support | Available Uses Flagstar/NYCB parent infrastructure. | Not Supported |
| BBB Rating | F | A+ |
| Next Steps | Visit SiteVerify at My Banking Direct 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 | My Banking Direct | Popular Direct |
|---|---|---|
| High Yield Savings Account | Popular Direct Select Savings | |
Current APY | 4.02% | 3.90% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.9 | -3.1 |
Days Since Change | 53 | 23 |
12-Month High | 4.55% | 4.60% |
12-Month Low | 4.02% | 3.90% |
Adjustments / Mo | 0.49 | 0.82 |
Volatility Score | 0.035 | 0.036 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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