Popular Direct Review 2026
Popular Direct is the online banking division of Popular, Inc., one of the largest banking institutions in the Caribbean. It offers high-yield savings accounts and CDs to US customers.
Founded
1893
Headquarters
New York, NY
Total Assets
$70 billion
Branches
Online Only
BankingDeal Rating
Based on rates, fees, features, and customer satisfaction
4
out of 5.0
Rates & Fees
| Product | Rate / Fee |
|---|---|
| Savings APY | 4.10% |
| 12-Month CD APY | 4.55% |
| Checking Monthly Fee | N/A |
Rates shown are for illustration. Verify current rates directly with Popular Direct.
Products Offered
Pros & Cons
Pros
- +Among the highest CD rates available
- +Competitive savings rates
- +FDIC insured
- +Backed by established banking group
- +Simple product lineup
Cons
- -Very limited product range
- -No checking accounts
- -Minimum deposit requirements
- -Less well-known brand
Our Verdict
Popular Direct is a solid choice for those who prefer online banking and want competitive rates without monthly fees. Among the highest CD rates available, making it a strong contender in the online banking space. With a savings APY of 4.10%, it offers competitive returns on your deposits.
Related Resources
Frequently Asked Questions
Is Popular Direct a good bank?
Popular Direct has a rating of 4/5 on our scale. Among the highest CD rates available. However, very limited product range. Whether it is right for you depends on your specific banking needs and priorities.
What is the savings account APY at Popular Direct?
Popular Direct currently offers a savings APY of 4.10%. This is a competitive rate compared to the national average. Rates are subject to change. Verify current rates directly with Popular Direct.
Does Popular Direct charge monthly fees?
Popular Direct offers checking accounts with no monthly maintenance fee.
What products does Popular Direct offer?
Popular Direct offers Savings Accounts, CDs. As an online-only bank, all services are available through their website and mobile app.
Where is Popular Direct headquartered?
Popular Direct is headquartered in New York, NY. Founded in 1893, Popular Direct has grown to manage $70 billion in total assets. It operates exclusively online with no physical branch locations.