Reviewed by Neil | December 18, 2023 |
I submitted a CD application 18 months 5.50 APY over a week ago and my application was declined no reason was given, I have the funds in another bank for transfer, credit score over 800. I think the reason is because the interest is coming down and they are not willing to offer those rates. At the time of application, the rates were still being offer but it took Popular Direct over a week to review, remember I'm not borrowing money, I'm depositing money, what a joke
| Online Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Direct Savings
|
4.76% | $100 | - |
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|
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Month CD
|
4.40% | $10,000 | - |
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|
| One Year CD
|
4.10% | $10,000 | - |
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|
| 18-Month
|
3.85% | $10,000 | - |
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|
| 2 Year CD
|
3.80% | $10,000 | - |
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|
| 36 Month CD
|
3.50% | $10,000 | - |
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|
| 48 Month CD
|
3.50% | $10,000 | - |
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|
| 5 Year CD
|
3.45% | $10,000 | - |
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|
Popular Direct has lowered its online savings rate from 2.30% to 2.15%. The bank also lowered all of its online CD rates.
Popular Direct is encouraged to provide us with this information. When we receive this information from the online bank, we will provide it here.
Customer Reviews for Popular Direct (38)
Neil
December 18, 2023 |
I submitted a CD application 18 months 5.50 APY over a week ago and my application was declined no reason was given, I have the funds in another bank for transfer, credit score over 800. I think the reason is because the interest is coming down and they are not willing to offer those rates. At the time of application, the rates were still being offer but it took Popular Direct over a week to review, remember I'm not borrowing money, I'm depositing money, what a joke
Is this review helpful? Yes:4 / No: 0
Tad Wright
November 17, 2023 |
terrible bank - save yourself the aggrevation and even take a few pennies less if necessary
Is this review helpful? Yes:4 / No: 1
Frank M
July 3, 2023 |
1-year rate of 5.35% is good, but the early withdrawal penalties are absurd. Unless you know you won't need the money in less than 1-year (no loss of job, divorce, cancer, etc.), buying a 1-year CD with a 270 day early withdrawal penalty is a bad idea. I will gladly take a little less for a lower fee. Forbright at 5.30% is a much better idea here.
Is this review helpful? Yes:5 / No: 0
jacko
June 25, 2023 |
A complete waste of time
Is this review helpful? Yes:4 / No: 0
Good luck
June 18, 2023 |
impossible to get money back after cd maturity. couldn't even transfer it to their savings acct.
Is this review helpful? Yes:4 / No: 0
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