About Popular Direct
Popular Direct is the online banking division of Popular Bank. Popular Bank was founded in 1893 in Puerto Rico and established its presence in the Continental U.S. in the Bronx in 1961. Popular Direct was established to offer a digital banking experience to customers nationwide.
Popular Direct Overview
Popular Direct is an online-only bank that offers a wide range of CDs with varying terms. All of its CDs offer competitive APYs and relatively low minimum opening deposits. The bank also offers a high-yield savings account with a highly competitive APY and a low minimum opening deposit. The bank is geared towards customers who want to accelerate the growth of their hard-earned money.
| No monthly service charges on any account. | Online-only bank. |
| Wide range of CDs with varying terms and above-average APYs. | No checking or money market accounts offered. |
| Highly competitive APY on its high-yield savings account. | No debit card available. |
| Account deposit/withdrawals must be made via ACH to an externally-linked account. |
Popular Direct Product Offerings
CDs
A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period, known as a term. Popular Direct offers CDs with terms varying from three months up to five years. All CDs offer highly competitive yields but require a minimum opening deposit of only $10,000. Here are some of their best CD offerings for the month! and 2025:
Savings Accounts
A savings account is a type of bank account that allows you to save your money while earning interest. Popular Direct offers a highly attractive savings account with a low minimum opening deposit. Here are the latest savings account details for September 2025:
Bank Fees
Monthly service charge: None
Early withdrawal penalty fee: 89, 120, 270 or 365 days of interest depending on the term
Paper statement fee: None
Non-network ATM fee: N.A
Popular Direct Features
Popular Direct's customer service is available via phone on weekdays from 7:30 a.m. to 12 a.m. EST and on weekends from 9 a.m. to 6 p.m. EST. The bank also offers its mobile app, which allows customers to view their account details and make transfer transactions to deposit and withdraw funds.
Popular Direct FAQs
Our Take
Popular Direct is the online banking division of Popular Bank, one of the largest banks in the country by assets. As with many online banks, it offers a highly competitive high-yield savings account and several CDs with competitive APYs as well. The one major drawback to its CD offerings is that they require a somewhat high $10,000 minimum opening deposit to take advantage of the higher yields. As the accounts are available online, the bank's offerings may be a good option for anyone looking to open an account with higher yields or for Popular Bank customers who want to take advantage of the yields and connection to the parent bank.
Methodology
Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.