BrioDirect

Deposits held and insured by Webster Bank

Overview / Commentary
877-573-0846
1 Jericho Plaza
Jericho, NY 11753
Deposits held and insured by Webster Bank

Related Posts

High Yield Savings Plus Rate 3.682% Or 3.74% APY - 11/6/2022

I just logged in to my brio direct plus account and under account information it shows 3.682% interest rate that equates to a 3.74% APY. The website has not been updated yet as it still shows 2.80% APY. That's a big .94% APY jump It appears that this deal was posted elsewhere on this site.

Briodirect Plus Savings Increased To 2.80% APY - 9/29/2022

BrioDirect Plus Savings now at 2.80% APY

Brio Direct 2.61% Is A New Account - 9/21/2022

The 2.61% rate does not apply to the Brio Direct Savings. A new account must be opened that is named Brio Direct Savings Plus.

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Great Experience So Far

Posted by: |

I've had accounts with BrioDirect for almost 2 years and it has been a great experience. They pay the highest interest rates of any bank I've been able to find and don't have the requirements that many other banks do. One complaint would be customer service, in that it is hard to speak with someone but I haven't had any reasons to so far, other than general questions. Another annoying item, but not a big deal, was when their rate went up to 3.75%, they made a new account I had to open instead of upgrading my current account. Besides these two item, I've had no issues and love/recommend this bank to anyone looking for high interest!

Brio Direct Is Very Serious About The "No More Than 6 Transfers Per Statement Cycle" Rule.

Posted by: |

On the 14th of October when Brio Direct paid interest for the "statement cycle", I also received a debit of $60 for excess withdrawals. OK, maybe I didn't read something in the TOS when I opened the account, but it's not on their website about their High Yield Savings accounts, even the CSR couldn't find it. The fee isn't based on a calendar month it's based on a statement period and that date can change month to month. Trial deposits count, transfers between Brio accounts count. Reg. D (6 transfers per month) has been suspended as a requirement to savings accounts, but the Fed left it open so banks can still charge a fee if they "want" to. Brio wants to. I got them to reverse the charge as a onetime curtesy, but if you're banking with Brio, you need to know about their fees.

ACCOUNT IS FROZEN

Posted by: |

Earlier this week I had a deposit of 50001 in savings account 50000 in the other account the bank had frozen my account and when I ask for details they told me that the review team would reach out to me I have not heard anything from the review team. When on the phone I asked the lady what the estimated time would be to hear from them she said there is no estimated time. It would be nice to know when the review team should reach out to me that's my only thing. I need access to these funds. I personally would not recommend anyone to bank with these people

Need To Open New Account To Get 3.75% Interest Rate

11/10/2022
Current advertised interest rate for BrioDirect high-yield savings is 3.75%. I checked the current interest on my existing BrioDirect high-yield savings account and it is 2.175%. I called them to check on it, and they told me I needed to open a new account with the 3.75% interest rate, that it didn't apply to my existing account.

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Health
A+

Data as of Q2 2022

Data displayed below is for insuring bank: Webster Bank
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #18221
Year Established1870
Employees4070
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.77%
Return on Equity - YTD6.15%
Annual Interest Income$933.7MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$67.47B$33.74B
LoansQ2 2022vs Q2 2021$45.08B$21.17B
DepositsQ2 2022vs Q2 2021$53.28B$29.17B
Equity CapitalQ2 2022vs Q2 2021$8.60B$3.42B
Loan Loss AllowanceQ2 2022vs Q2 2021$571.5MM$307.9MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$225.5MM$112.8MM
Real Estate OwnedQ2 2022vs Q2 2021$2.7MM$2.8MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not BrioDirect; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

BrioDirect Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.75%$1-BrioDirect Savings Plus

BrioDirect Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%--High-Yield Money Market

BrioDirect CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$500-Promo High-Yield 12 Month CD
2.45%$500-High-Rate 36 Month CD
2.30%$500-High-Yield 24 Month CD
1.35%$500-High-Yield 18 Month CD
0.45%$500-High-Rate 12 Month CD
0.45%$500-High-Rate 30 Month CD
0.45%$500-High-Rate 48 Month CD
0.45%$500-High-Rate 60 Month CD
0.30%$500-High-Rate 9 Month CD
0.25%$500-High-Rate 3 Month CD
0.15%$500-High-Rate 5 Month CD
0.05%$500-High-Rate 30 Day CD
Locations

BrioDirect is an Internet only bank and does not have branch locations. Its headquarters is located at 1 Jericho Plaza - Jericho, NY 11753

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.