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Popular Direct CDs Review
Our take: 5.00% APY on 60 months and 4.60% on 12 months, but you need $10,000 to open and the 5 year penalty is 730 days of interest.
Pros
- 5.00% APY on 60 months
- 4.80% to 4.95% APY on 18 to 48 months
- From Popular Bank, a $15 billion bank
Cons
- $10,000 minimum deposit
- 730 day penalty on the 60 month CD
- 270 day penalty on 12 to 24 month CDs
Key facts
- Terms
- 3, 6, 12, 18, 24, 36, 48 and 60 months
- Early withdrawal penalty
- 89 days (under 91 days); 120 days (91 days to under 12 months); 270 days (12 to under 36 months); 365 days (36 to under 60 months); 730 days (60 months)
- Provider
- Popular Bank, Member FDIC
- Minimum to open
- $10,000
- Monthly fee
- No monthly fee
- Insurance
- FDIC insured up to $250,000 per depositor, per ownership category
- FDIC certificate
- 34967 (Popular Bank, New York, NY)
- Mobile app
- No Popular Direct app found in Google Play (Oct 20, 2026); scored 2.5
Source: Popular Direct website, checked Oct 28, 2026. Insurance details from the FDIC BankFind database.
Popular Direct CDs pay up to 5.00% APY (60 months) and 4.60% APY on 12 months, with a $10,000 minimum deposit. Popular Direct deposit products are offered by Popular Bank, Member FDIC (FDIC certificate 34967). Is it safe? See is Popular Direct legit? Rates effective as of Oct 26, 2026, checked on Oct 28, 2026.
Popular Direct CD rates today
| Term | APY |
|---|---|
| 3 months | 4.30% |
| 6 months | 4.35% |
| 12 months | 4.60% |
| 18 months | 4.80% |
| 24 months | 4.80% |
| 36 months | 4.85% |
| 48 months | 4.95% |
| 60 months | 5.00% |
From Popular Direct’s CD page, rates effective as of October 26, 2026. CD rates are fixed for the term once your CD is opened and funded.
Which Popular Direct CD term is best?
The 60 month CD pays the most, but it also carries the largest penalty: 730 days of simple interest. If you might need the money sooner, the 18 and 24 month CDs both pay 4.80% with a 270 day penalty.
Minimum deposit and early withdrawal penalties
You need $10,000 to open. Early withdrawal costs 120 days of simple interest on terms from 91 days to under 12 months 270 days on terms from 12 to under 36 months, 365 days on terms from 36 to under 60 months, and 730 days on 60 month terms. Terms under 91 days cost 89 days of simple interest.
How Popular Direct CDs work
- Fixed rate for the full term
- $10,000 minimum deposit
- You get the rate in effect when the CD is opened and funded
Is Popular Direct safe?
Yes. Popular Direct deposits are held at Popular Bank, FDIC certificate 34967, which we confirmed as active in the FDIC BankFind database, with about $15.0 billion in assets as of June 30, 2026. Deposits are insured in aggregate up to $250,000 per depositor, per ownership category.
Compare CD rates by term: 6 month · 9 month · 1 year · 18 month · 2 year · 3 year · 4 year · 5 year
How it compares
The best CD rate we track right now is Sallie Mae Bank CDs. Compare every CD on our CD rates page.
Who it is best for
- Savers with $10,000 or more who want a top 3, 4 or 5 year rate and are sure they will not need the money early
How Popular Direct compares
| Account | Rating | Best APY | 12 month APY |
|---|---|---|---|
| E*TRADE CDs (Morgan Stanley Private Bank) | 4.7 | 4.80% | 4.55% |
| Barclays Online CD | 4.7 | 4.75% | 4.50% |
| Synchrony Bank CDs | 4.7 | 4.75% | 4.30% |
| Capital One 360 CDs | 4.7 | 4.50% | 4.00% |
| Marcus by Goldman Sachs High Yield CD | 4.6 | 4.40% | 4.40% |
| Bread Savings CD | 4.4 | 4.85% | 4.45% |
| CFG Bank CDs | 4.4 | 4.82% | 4.65% |
| Happen Bank CD | 4.4 | 4.76% | 3.50% |
| American Express CDs | 4.4 | 4.40% | 3.65% |
| Always.bank CDs | 4.3 | 4.15% | 4.15% |
| Service Credit Union Share Certificates | 4.3 | 4.10% | 4.10% |
| Sallie Mae Bank CDs | 4.2 | 5.00% | 4.50% |
| Ivy Bank CDs | 4.2 | 4.25% | 4.05% |
| Popular Direct CDs | 4.0 | 5.00% | 4.60% |
| Peak Bank CDs | 4.0 | 3.69% | 3.69% |
Popular Direct CD FAQ
What are Popular Direct CD rates today?
5.00% APY on 60 months, 4.95% on 48 months, 4.85% on 36 months, 4.80% on 24 months, 4.80% on 18 months, 4.60% on 12 months, 4.35% on 6 months and 4.30% on 3 months, as of Oct 26, 2026.
What is the minimum deposit?
$10,000.
Who is behind Popular Direct?
Popular Direct deposit products are offered by Popular Bank, Member FDIC (FDIC certificate 34967), in New York.
What is the early withdrawal penalty?
89 days of simple interest on the 3 month CD, 120 days on the 6 month CD, 270 days on 12 to 24 month CDs, 365 days on 36 and 48 month CDs and 730 days on the 60 month CD.
Ready to open Popular Direct CDs?
Rates as of Oct 26, 2026. Confirm the current rate and terms on the provider’s site before you apply.
Popular Direct CDs rate history
Every change we found to this account’s rates in our checks of the bank’s website, newest first, with the date the bank gives for each rate. See every bank on our rate change tracker.
| Rate as of | Account | Term | Change | Direction |
|---|---|---|---|---|
| Oct 26, 2026 | CD | 18 months | 4.75% to 4.80% APY | Raised |