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Poppy Bank Premier Online Savings

Editor reviewed

4.00% APY nationwide from a California community bank, $1,000 minimum

Rates verified July 23, 2026
High-Yield Savings
Open account
Tracked since2026
0 reviews tracked

The Bottom Line

APY

4%

Biggest pro

High sustained rate

Biggest con

$1,000 minimum

At a glance

Rates verified July 23, 2026
APY
4%
APY note
Reviews cite 4.00-4.25% across July 2026; exact live rate unconfirmed
Minimum deposit
$1,000
Monthly fee
None
FDIC
Direct, Member FDIC, $250k
Institution
Poppy Bank (Santa Rosa, CA)
ATM access
No

How this rate compares

10.5x

the FDIC national savings average of 0.38% (August 17, 2026). On a $10,000 balance that is about $362 more in a year.

Last verified July 23, 2026

We re-verify against the issuer's own page when we refresh this listing, and we stamp that date. We do not claim a daily check.

APYs are variable and can change at any time. The FDIC national average is a floor for what an ordinary savings account pays, not a competitor. Named comparisons use each product's last issuer-page check.

Is it worth it?

$400 a year on a $10,000 balance

At 4% APY, $10,000 earns about $400 in the first year, versus roughly $38 at the 0.38% FDIC national average (August 17, 2026). That is about $362 more for moving the same money. APY is variable and shown as of the date above.

What is Poppy Bank Premier Online Savings?

Editorial review
Poppy Bank is a Santa Rosa, California community bank quietly paying fintech-leader rates nationwide. The honest verdict: a high sustained rate from a real brick-and-mortar bank, wrapped in a clunky online experience. The account pays approximately 4.00% APY as of July 2026, with reviews citing 4.00 to 4.25% across the month, so the exact live figure needs confirming at poppy.bank. Opening requires $1,000, which is also the minimum balance for the rate, and there is no monthly fee. Deposits are held directly at Poppy Bank, Member FDIC, insured to $250,000 per depositor. The bank is available nationwide with physical branches in Northern California. The catches: the $1,000 minimum, an online experience that lags the fintechs, and rate reporting that varies by source.
how we evaluateSourcepoppy.bank ↗

Pros and cons

Pros

  • High sustained rate
  • Real branches if you are in NorCal
  • No monthly fee

Cons

  • $1,000 minimum
  • Clunky online experience vs fintechs
  • Rate reporting varies by source

Key details

Approximately 4.00% APYBrick-and-mortar bank with online-leader ratesNationwide availabilityNorthern California branch networkNo monthly fee

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Best High-Yield Savings

Poppy Bank Premier Online Savings FAQ

What is the current APY on Poppy Bank Premier Online Savings?

Approximately 4.00% APY as of July 2026. Reviews cite 4.00 to 4.25% across the month, so confirm the live rate at poppy.bank before relying on an exact number.

Is Poppy Bank Premier Online Savings FDIC insured?

Yes. Deposits are held directly at Poppy Bank, Member FDIC, insured up to $250,000 per depositor.

What are the minimums and fees?

$1,000 minimum deposit to open, which is also the minimum balance for the rate. There is no monthly fee.

Source: poppy.bank

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