Poppy Bank Premier Online Savings

Poppy Bank is a Santa Rosa, California community bank that offers an online Premier Savings account. The honest verdict: a 4.25% APY from a real brick-and-mortar bank, with a $1,000 daily balance needed to earn it and a rate Poppy itself calls promotional. Poppy states 4.25% APY for its Online Premier Savings, accurate as of September 28, 2026; we read the pages on October 14, 2026. Poppy calls the APY promotional, states no end date, and says the rate may change at any time. There is no minimum required to open, but a minimum daily balance of $1,000 must be maintained to obtain the advertised APY. A $5.00 monthly paper statement fee applies if you do not elect e-statements. The account is available when applying online, for individuals and joint holders, and is funded by ACH from an external bank during the application; it has no debit or ATM card, Zelle or mobile deposit. Deposits are held directly at Poppy Bank, Member FDIC, insured to $250,000 per depositor. Poppy's home page describes personal and business banking for California, and the pages we read do not state which states can open the online account, so confirm eligibility when you apply. The catches: the $1,000 minimum daily balance, a promotional rate with no stated end date, and the paper statement fee if you do not use e-statements.