Openbank vs. Popular Direct
Comparing Openbank and Popular Direct for high-yield savings: Openbank's High-Yield Savings Account pays 4.09% APY while Popular Direct's Popular Direct Select Savings pays 3.90% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Openbank pays $19 more than Popular Direct annually ($409 vs $390).
Choose Openbank if getting the best rate matters most, or mobile app quality matters.
| Metric | OpenbankHigh-Yield Savings Account Feb 21, 2026 | Popular DirectPopular Direct Select Savings Feb 21, 2026 |
|---|---|---|
| APY | 4.09% | 3.90% |
Est. Earnings | $5,000+$205 $10,000+$409 $25,000+$1,023 | $5,000+$195 $10,000+$390 $25,000+$975 |
Min Deposit | $500 | $100 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsRate Changes Often | FDIC InsuredLow MinimumsDaily CompoundingRate Changes Often |
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
Executive Summary
Openbank offers a High-Yield Savings Account with a competitive APY of 4.09%, making it the higher-yield option compared to Popular Direct's Select Savings account, which has an APY of 3.90%. Both accounts are online-only and have no maintenance fees, with Openbank requiring a minimum deposit of $500, while Popular Direct has a lower minimum deposit of $100. Notably, both accounts do not require direct deposit, providing flexibility for customers. Overall, Openbank's account is the winner based on the higher APY.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Openbank?
- ✓Higher potential APY (4.09% 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. $409 vs $390/yr).
Better Returns at $25,000
OpenbankOpenbank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1023 vs $975/yr).
Shared Benefits
Over a 1-year period, Openbank's High-Yield Savings Account pays $19 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.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Openbank vs. Popular Direct Savings Calculator
You earn $19 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+$409.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,409.00
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.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $389 per year in interest.
Both Openbank and Popular Direct dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Openbank | Popular Direct |
|---|---|---|
| APY | 4.09% Verified: 2/21/2026 ↘︎ 0.11%90d Change | 3.90% Verified: 2/21/2026 ↘︎ 0.10%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 |
| Compound Frequency | Monthly | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | None. You cannot make use of Popular Bank's branches. |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A- | 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 | 4.09% | 3.90% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.7 | -1.9 |
Days Since Change | 16 | 68 |
12-Month High | 4.75% | 4.30% |
12-Month Low | 4.09% | 3.90% |
Adjustments / Mo | 0.33 | 0.58 |
Volatility Score | 0.027 | 0.020 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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More Comparisons
Compare Openbank's APY of 4.09% with other banks
Compare Popular Direct's APY of 3.90% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Popular Direct vs Ally Bank | 3.20% | $0 |
| Popular Direct vs American Express | 3.30% | $0 |
| Popular Direct vs Axos Bank | 4.21% | $0 |
| Popular Direct vs Bank of America | 0.01% | $100 |
| Popular Direct vs Barclays | 3.85% | $0 |
| Popular Direct vs Capital One | 3.30% | $0 |
| Popular Direct vs Chase Bank | 0.01% | $0 |
| Popular Direct vs Chime | 3.00% | $0 |
| Popular Direct vs CIT Bank | 3.75% | $100 |
| Popular Direct vs Citibank | 3.20% | $0 |
| Popular Direct vs Discover Bank | 3.30% | $0 |
| Popular Direct vs EverBank | 3.90% | $0 |
| Popular Direct vs Marcus by Goldman Sachs | 3.65% | $0 |
| Popular Direct vs Newtek Bank | 4.20% | $0.01 |
| Popular Direct vs Pibank | 4.60% | $0 |
| Popular Direct vs SoFi Bank | 4.00% | $0 |
| Popular Direct vs Synchrony Bank | 3.50% | $0 |
| Popular Direct vs Varo Bank | 5.00% | $0 |
| Popular Direct vs Wealthfront | 3.95% | $0 |
| Popular Direct vs Wells Fargo | 0.05% | $25 |