Available nationwide, Popular Direct is offering 4.60% APY when you open a High-Rise Savings Account with an opening deposit of $5,000.
Update 11/23/24: The rate has decreased to 4.60% APY (from 4.65%). We recommend the Western Alliance Bank savings account, Valley Direct Online Savings, or the M1 High-Yield Cash Account to earn one of the top rates available.
About Popular Direct
Grounded by 122 years of strong values of its parent company, Popular Bank strives to create a lasting legacy in the US market. Popular Bank maintains a laser focus on customer service, tremendous dedication to its communities and commitment to deliver shareholder value.
| Balance Requirement | APY Rate |
| $100+ | 4.60% |
Popular Direct High-Rise Savings Rate
- Account Type: High-Rise Savings Account
- Interest Rate: 4.60% APY
- Minimum Balance: $100
- Maximum Balance: None
- Availability: Nationwide
- Credit Inquiry: Soft Pull
- ChexSystems: None
- Opening Deposit: $100
- Monthly Fee: $4 service fee if the daily balance is below $100
- Early Termination Fee: $25 if account is closed within 180 days of opening
(FDIC Insured)
Popular Direct Bank ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | ? | $999,999 | ? |
| Pull | ? | ? | $999,999 | ? |
- Withdrawals only allowed via an external account, internal transfer to another Popular Direct account, or ACH.
- $5 fee for each additional debit exceeding the limit of six per statement cycle.
- Deposits only allowed via an external account, internal transfers to another Popular Direct account, ACH, or Popular Direct mobile app.
Editor’s Note: Help us with the table above in the comment section if you have experience with ACH capabilities.
How to Earn Popular Direct Savings Bank Rate
- Open a Popular Direct High-Rise Savings Account with an opening deposit of $100.
- Input your info – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account – Transfer funds electronically from an internal account here or an external account at another bank.
- Make sure to keep at least $100 to avoid the $4 monthly fee.
- Earn 4.60% APY as long as you keep the account funded.
Why You Should Sign Up For This Account
- Earn a competitive rate higher than the national average
- Interest is compounded daily
- Have peace of mind with FDIC insured deposits
- Mobile banking for depositing checks on the go and receiving account alerts
- Transferring money is made simple and secure
- Online banking available on all digital devices
Bottom Line
Popular Direct is offering a great rate placing them at the top of the list out of the personal savings accounts available nationwide. This High-Rise Savings Account makes it simple to earn high-yield savings with low balance requirements. Keep in mind to keep the account active otherwise a $5 monthly dormancy fee will occur if there has been no activity for 12 months.
For those interested in bank promotions, definitely take a look at our list of HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank bonuses.
If you have had any experiences with this bank, please let us know in the comment section below. Feel free to share your experiences with this bank by commenting below. For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on Popular Direct Bank High-Rise Savings Account.
is the $4 monthly fee for under $100 still valid? I haven’t heard of that nor found it anywhere.
I opened an account. Not sure why everyone is crying about the 60 day no withdrawal? Honestly, who f***** cares? Did you not put your money in this account to collect interest? If you need to have access so quickly, maybe you should deposit it at your local Chase branch for .01% interest. High interest accounts are for people who have $20k+ that don’t need to get to it immediately…. F***** broke ass posers!!!
Wow. Just wow. Incredibly sketchy bank. Hard to imagine this bank can even exist. I made a large deposit after they raised the interest rate to 2.0%. At that time, there was no policy or statement informing me of a 60 day hold on the account. They placed a retroactive hold AFTER they had the money, informing me weeks later. Probably illegal. Now, I am unable to access even a penny of my money. I made a huge mistake trusting this bank.
They claim that this hold will be lifted 60 days after the initial funding of the account unless I send the fraud department ownership of my other account. Which I have done, playing along with their game. Definitely resembles a complete scam of some kind.
They are also liars. In early June, I spoke with a supervisor and they said I had the option of closing the account. I said yes I definitely want to move forward with that. They said it would be done in 2-3 business days with funds transferred to original funding account. 2 weeks later, no action or activity on the account. I call in and they say I need to wait the 60 days.
Sketchy, dishonest, probably illegal. This bank should be shut down or probably at the minimum face penalties/legal action. If anyone reading has any info about legal action, class action suits, etc, please respond or private message.
I opened a 2.00% savings account with $150k. I was promised access to this money via ACH. Initially the money was held for 4 days (a reasonable policy) but then was placed on Fraud Alert because they wanted to insure I owned the account the money came from. I was told to e-mail a bank statement or canceled check to frauddept@popular.com. Realized that they wanted this done via normal e-mail, unsecured, through the internet (they didn’t have any internal encrypted document capability for client information). Against my better judgement I did. I was told this would release their fraud hold in 24 hours. 5 days later and still can’t access my funds. Daily calls get promises but nothing changes. They won’t transfer to a supervisor, won’t give out or transfer me to the Fraud Dept, won’t give me a supervisor phone number. After almost 3 weeks of this I decided to close my account. This apparently will take 2 days to process the request and 3-5 to send the ACH back. Of course, no interest for the whole time. Stay away. They are poorly run and have no way for a client to move up a chain to complain. Customer Service is very nice but they are given no ability to actually resolve anything.
Their iOS app supports mobile check deposit.
horrible experience, no mobile deposit, no bank deposit by mail, no walk in branches, ACH ONLY and no companion checking account. Its nearly impossible to get money into this bank. whats the point of having a high savings rate if they put up overwhelming road blocks. So i said i wanted to close the account, and they said there is a $25 fee.
thnks
what does this mean?
BEWARE OPT out policy is by mail only. Marketing for E- Loan, Popular insurance co etc. I closed my account after receiving their onerous opt out.
They do no pull