About Popular Direct
Popular Direct is an online bank that was launched in July 2016 in an effort to use digital platforms to simplify the process of opening and maintaining a bank account. As it did when it was first established, the institution offers certificates of deposit (CDs) and a saving account. Both types of accounts are opened through Banco Popular North America, a community bank and subsidiary of a leading financial services firm with federally insured deposits.
Banco Popular North America’s parent company, Popular Inc., was founded in 1893. It serves customers in the United States, Puerto Rico, Latin America and the Caribbean.
Popular Direct is best for anyone itching for a new savings account or CD paying more interest than the average brick-and-mortar bank. If you don’t have thousands of dollars that you’re ready to park in an account, however, or you want the ability to choose from multiple kinds of deposit products, you’ll be happier at another bank.