Find new Popular Direct promotions and offers for their Savings here.
Available nationwide, Popular Direct is offering up to 0.75% APY when you open an Ultimate Savings Account with an opening deposit of $5,000.
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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.
I’ll review Popular Direct Bank below.
Popular Direct Ultimate Savings Rate
To take advantage of the current promotional rate, simply meet the deposit requirement and you will be able to receive the 0.75% APY!
- Account Type: Ultimate Savings Account
- Interest Rate: 0.75% APY
- Minimum Balance: $0.01
- Maximum Balance: None
- Availability: Nationwide
- Credit Inquiry: Soft Pull
- ChexSystems: None
- Opening Deposit: $5,000
- Credit Card Funding: None
- Monthly Fee: $4 service fee if the daily balance is below $500
- Early Termination Fee: $25 if account is closed within 180 days of opening
American Express Personal Savings Account - You earn 0.60% interest rate along with no minimum deposits or monthly fees. Amex Personal Savings has been my favorite Hub account for the past 5 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why:
*No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account.
*1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two.
*No loss of interest during transfers - On the day you initiate your transaction on the Personal Savings website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express Personal Savings include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend.
|Chase SavingsSM||$150 Cash||Review|
|Axos Bank High Yield Savings||0.81% APY||Review|
|Axos Bank High Yield Money Market||0.70% APY||Review|
|American Express High Yield Savings||0.60% APY||Review|
|CIT Bank Money Market||0.60% APY||Review|
|Discover Bank Online Savings||0.60% APY||Review|
|CIT Bank Savings Builder||0.55% APY||Review|
Popular Direct Bank ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
- 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 Ultimate Savings Account with an opening deposit of $5,000.
- 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 $500 to avoid the $4 monthly fee.
- Earn 0.75% 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
Popular Direct is offering a great rate of 0.75% APY placing them at the top of the list out of the personal savings accounts available nationwide. This Ultimate 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.
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 Ultimate Savings Account.