With the Popular Direct High-Rise Savings account, earn a competitive 4.30% APY on your money to grow your savings. Put your money to work today!
Update 2/21/25: The rate has decreased to 4.30% APY (from 4.60%).
Popular Direct High-Rise Savings Review
Popular Bank offers Popular Direct products. Now, the U.S. banking subsidiary of Popular, INC. full-service financial services provider in the United States, Puerto Rico and the Caribbean. Additionally, they have a lasting history of 122 years and 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.
I’ll review Popular Direct Select Savings below.
Popular Direct High-Rise Savings Rate
To earn Popular Direct’s competitive rate, simply have an opening deposit of $5,000. That’s all it takes and you’ll get to enjoy earning the rate.
- Eligible account: High-Rise Savings
- Credit inquiry: Unknown
- Where it’s available: Nationwide
- Opening Deposit: $5,000 minimum
- Monthly fee: None
- Early Termination Fee: $25 early closing fee if account is closed 180 after opening the account.
(FDIC Insured)
How to Earn Rate
- Open a Popular Direct’s High-Rise Savings account to earn the 4.30% APY rate.
- Next, make the minimum opening deposit of at least $5,000.
| Balance Requirement | APY Rate |
| $0.01+ | 4.30% APY |
Popular Direct Account Features
- Competitive rate and easy access to your money via your desktop or mobile device
- Interest that compounds daily
- Peace of mind—deposits are insured by the FDIC DISCLOSURE
Is Popular Direct Right for You?
If you currently have an existing banking relationship and would like to complement it with an online bank, Popular Direct may be a good choice for you. Other reasons include:
- You’re at least 18 years of age or older
- Currently have a checking account at another bank / credit union
- You want to diversify where your money is deposited
- You have a larger balance to meet the minimum opening deposit to open the account
- If you’re looking to earn a competitive interest rate on your money
- You do not need immediate access to your money
- You’re able to deposit / transfer money electronically
- You want 24/7 customer service via telephone
 |
 |
Conclusion
Now, Popular Direct is offering a great APY Rate for their High-Rise Savings account.
Plus, with the rate from Popular Direct, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Lastly, let us know about your experience with this bank and comment below.
Check back often to see the latest info on Popular Direct Select Savings Account.
See disclosures here.
Do not ever send money to this bank. They are possibly having financial problems or more likely are oblivious to the consumer.
My account has now been locked up for more than 60 days since I opened it on April 12, 2018. I have complied with all their requests for verification of my accounts. I have talked to the supervisor at the call center that the bank has for inquiries. I have repeatedly asked that they send my money back. I am willing to share more details if you need them and would be happy to talk to you in person.
I am not worried that the money in my account is lost. However, their action is abhorrent, especially since they dropped their rate from 2.0% to 1.85% at the same time that they froze the accounts. Sounds like they may be profiting from this bad behavior because one can’t move their money to higher paying accounts at other banks. They should compensate the owners of the accounts and pay a significant fine. The banks that offer these accounts and that follow good business practices should be outraged by this behavior by one of their competitors.
If anyone has any ideas on how to contact the state or federal regulators please advise.
I don’t recommend Popular Direct savings. I opened an account with them a few years ago with a high promo rate, which later dropped and is presently 1.39% compared to my 1.6% rate with Ally. I am looking into closing my account with Popular Direct as I dislike these teaser rates. Popular Direct also has several requirements and minimums, while Ally has none.
Can you open trust Acct for these Accts too?
No. You can not open accounts in the name of a Trust but you can add a Trust as a POD or Beneficiary to your savings account.