Openbank vs. Popular Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | OpenbankHigh-Yield Savings Account Jan 16, 2026 | Popular DirectPopular Direct Select Savings Jan 16, 2026 |
|---|---|---|
| APY | 4.20% | 3.90% |
Est. Earnings | $5,000+$210 $10,000+$420 $25,000+$1,050 | $5,000+$195 $10,000+$390 $25,000+$975 |
Min Deposit | $500 | $100 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow Minimums | FDIC InsuredLow Minimums |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Comparison Analysis
Comparing Openbank vs. Popular Direct
As of Openbank offers an APY of 4.20% for its High-Yield Savings Account, with a minimum balance of $0, compared to Popular Direct's 3.90% APY for its Popular Direct Select Savings account, with a minimum balance of $0.01.
Openbank pays $30 more than Popular Direct on a $10,000 balance after one year. Openbank pays $420, while Popular Direct pays $390 - an APY advantage for Openbank.
Why Openbank?
- ✓Higher potential APY (4.20% vs 3.90%) on all balances
Why Popular Direct?
No distinct advantages found vs Openbank.
— Key Feature Differences —
Better Returns at $10,000
OpenbankOpenbank's High-Yield Savings Account earns more on smaller deposits (approx. $420 vs $390/yr).
Better Returns at $25,000
OpenbankOpenbank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1050 vs $975/yr).
Best for Simplicity
OpenbankOpenbank's High-Yield Savings Account offers 4.20% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Openbank's High-Yield Savings Account pays $30 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
Openbank offers a High-Yield Savings Account with a competitive APY of 4.20%, making it the superior choice compared to Popular Direct's Select Savings account, which has an APY of 3.90%. Openbank's account requires a minimum deposit of $500 and has no maintenance fees or direct deposit requirements, providing flexibility for savers. In contrast, Popular Direct requires a lower minimum deposit of $100 but offers a lower yield. Both accounts are online-only and FDIC insured, appealing to those looking for high returns without the need for physical branch access.
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
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Openbank vs. Popular Direct Savings Calculator
You earn $30 more with Openbank 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.
Openbank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$420.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,420.00
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 | Openbank | Popular Direct |
|---|---|---|
| APY | 4.20% Verified: 1/16/2026 Stable (90d) | 3.90% Verified: 1/16/2026 ↘︎ 0.15%90d Change |
| Product Name | High-Yield Savings Account | Popular Direct Select Savings |
| Minimum Deposit | $500 | $100 |
| Min. Balance for APY | $0 | $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 | iOS3.1 Android2.8 | iOS1.3 Android1.3 |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | Not Rated | A+ |
| Next Steps | Visit SiteVerify at Openbank 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 | Openbank | Popular Direct |
|---|---|---|
| High-Yield Savings Account | Popular Direct Select Savings | |
Current APY | 4.20% | 3.90% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.8 | -1.6 |
Days Since Change | 178 | 32 |
11-Month High | 4.75% | 4.30% |
11-Month Low | 4.20% | 3.90% |
Adjustments / Mo | 0.28 | 0.65 |
Volatility Score | 0.026 | 0.017 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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