BrioDirect Review: Earn 5.25% APY on a 1-year CD

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Note: BrioDirect currently isn’t offering savings, checking, or money market accounts. Only CDs are available right now.

How BrioDirect bank products compare

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BrioDirect: Overall Bank Rating

In our BrioDirect review, we rate checking accounts, savings accounts, CDs, and money market accounts by looking at features like minimum opening requirements, monthly service fees, and customer support available. Learn more about our methodology for rating bank accounts.

BrioDirect: Pros and Cons

BrioDirect High-Yield Savings Account


Annual Percentage Yield (APY)

4.50%


Minimum Deposit Amount

$500


Fees

no monthly service fee

BrioDirect BrioDirect High-Yield Savings Account

BrioDirect High-Yield Savings Account


Annual Percentage Yield (APY)

4.50%


Minimum Deposit Amount

$500


Fees

no monthly service fee


BrioDirect High-Yield Savings Account

Details


Fees

no monthly service fee


Annual Percentage Yield (APY)

4.50%


Minimum Deposit Amount

$500

Pros & Cons
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Highlights
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Additional Reading
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The BrioDirect High-Yield Savings Account is great if you have at least $500 to open an account. It also has no monthly service fee. 

Compare Today’s Savings Rates

BrioDirect BrioDirect Checking Account

BrioDirect Checking Account


Annual Percentage Yield (APY)

0.01% to 0.10%


Minimum Deposit Amount

$25

BrioDirect BrioDirect Checking Account

BrioDirect Checking Account


Annual Percentage Yield (APY)

0.01% to 0.10%


Minimum Deposit Amount

$25


BrioDirect Checking Account

Details


Annual Percentage Yield (APY)

0.01% to 0.10%


Minimum Deposit Amount

$25

Pros & Cons
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Highlights
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The BrioDirect Checking Account might be worth considering if you don’t want to deal with monthly service fees or ATM fees. BrioDirect has a decent-sized ATM network, and you get up to $20 in out-of-network ATM fee reimbursements each month. 

The BrioDirect Checking Account isn’t the best option if you overdraw from your account, though. BrioDirect charges a $35 overdraft fee if you have a negative balance that exceeds $5, and it doesn’t have any overdraft protection.

BrioDirect BrioDirect High-Yield CD


Annual Percentage Yield (APY)

0.05% to 5.25%


Minimum Deposit Amount

$500

BrioDirect BrioDirect High-Yield CD


Annual Percentage Yield (APY)

0.05% to 5.25%


Minimum Deposit Amount

$500


BrioDirect High-Yield CD

Details


Annual Percentage Yield (APY)

0.05% to 5.25%


Minimum Deposit Amount

$500

Pros & Cons
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Highlights
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Additional Reading
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You might like BrioDirect if you’re searching for a 1-year CD. There’s a special promotional rate of 5.25% APY for the 1-year term, which is higher than 1-year CD rates at other banks.

BrioDirect CDs also only require a $500 opening deposit. Other financial institutions may require at least $1,000 to get a CD.

BrioDirect BrioDirect High-Yield Money Market Account

BrioDirect High-Yield Money Market Account


Annual Percentage Yield (APY)

0.70%


Minimum Deposit Amount

$100

BrioDirect BrioDirect High-Yield Money Market Account

BrioDirect High-Yield Money Market Account


Annual Percentage Yield (APY)

0.70%


Minimum Deposit Amount

$100


BrioDirect High-Yield Money Market Account

Details


Annual Percentage Yield (APY)

0.70%


Minimum Deposit Amount

$100

Pros & Cons
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Highlights
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You’ll need a minimum of $100 to open the BrioDirect High-Yield Money Market Account. If you’re strictly searching for a competitive interest rate, the BrioDirect High-Yield Savings Account will likely be more appealing.

How BrioDirect Works

BrioDirect is an online-only division of Webster Bank. Customers have access to over 32,000 free ATMs through the MoneyPass ATM network. 

Customer service is available by phone from 8 a.m. to 8 p.m. ET on weekdays or 8:30 a.m. to 3 p.m. ET on Saturdays. 

BrioDirect has 4.7 out of 5 stars in the Apple store and 4.0 out of 5 stars in the Apple store.

BrioDirect accounts are FDIC insured through Webster Bank. You may safely keep up to $250,000 in an individual bank account. 

BrioDirect Trustworthiness and BBB Score

We use ratings from the Better Business Bureau so you can see how a bank addresses customer issues.

The BBB gave BrioDirect’s parent company Webster Bank a B- rating because it received numerous customer complaints filed against the bank and hasn’t resolved a complaint.

BBB ratings aren’t the be-all and end-all, though. To see if BrioDirect is a solid choice for you, talk to current customers or read online customer reviews. 

The bank hasn’t been involved in any recent public controversies. 

BrioDirect vs. CFG Bank

CFG Bank also has a competitive CD rate for a 1-year term. CFG Bank money market accounts and CDs can be opened online from anywhere in the US, but you’ll need to go to a branch in Baltimore, Maryland, to open one of the bank’s savings or checking accounts.

BrioDirect has more CD terms available than CFG Bank. However, CFG Bank pays higher interest rates on 18-month, 3-year, and 5-year terms. Keep in mind rates can fluctuate, so this may change in the future.

BrioDirect vs. Ally

Ally Bank has a variety of online bank accounts with zero monthly service fees. You can open a high-yield savings account, checking account, CD, or money market account at Ally. Meanwhile, BrioDirect has more limited options right now, since you can only get CDs.

If you want to open a CD, it’ll be a toss-up based on which term length you want. BrioDirect has an appealing 1-year term, while Ally has strong 18-month and 20-month terms.

You’ll probably prefer Ally to BrioDirect if traditional banking hours don’t work for you. Ally offers 24/7 customer support by phone and online chat. 

BrioDirect: Frequently Asked Questions

BrioDirect accounts may be opened online from anywhere in the US. You’ll need a US ID and a social security number to fill out the online application. 

To deposit money to your CD, you’ll need to initiate a transfer from an external bank account.

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