BrioDirect Review 2022

BrioDirect Review 2022

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We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
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The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.

Editorial disclosure

All reviews are prepared by our staff. Opinions expressed are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including any rates, terms and fees associated with financial products, presented in the review is accurate as of the date of publication. BrioDirect

BrioDirect Review 2022

Karen Bennett is a consumer banking reporter at Bankrate. She uses her finance writing background to help readers learn more about savings and checking accounts, CDs, and other financial matters. Updated November 10, 2022 Bankrate logo

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On This Page

At a glance

4.8 Bankrate Score CDs Checking Savings MMA About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Overview

BrioDirect is best for consumers looking for an online bank that offers a competitive yield on a savings account, money market account and CDs.

Highlights

ATM Fee Refunds High APY No Monthly Fees Compare offers Advertiser Disclosure

Advertiser Disclosure

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.

How We Make Money

The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer details

Capital One

Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer details

Capital One

Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.60 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer details

Bask Bank

Member FDIC Savings Account Details 3.60 % APY Min balance for APY 0 Monthly Acct Fees. No Balance Cap to Earn APY.

Overall

BrioDirect is an online bank that offers multiple CDs, a money market account, a checking account and a savings account.

Pros

BrioDirect offers competitive yields on its deposit products. All deposit accounts have low minimum deposit requirements to open. Checking customers get up to $20 in ATM fee reimbursements each statement cycle.

Cons

The bank's money market or checking accounts don’t offer check writing.

BrioDirect bank products

Savings CD Money Market Checking 5.0 Bankrate Score

BrioDirect savings overview

BrioDirect’s high-yield savings account pays a competitive yield compared to what’s available at other institutions. Only $25 is required to open the account and earn interest, and it doesn’t charge a monthly service fee.

Pros

The account pays a competitive yield. The $25 minimum requirement is attainable to almost anyone. There’s no monthly service fee.

Cons

There may be some higher-yielding options available at other online banks. Some accounts don’t require a minimum deposit when opening. You need to maintain a minimum collected balance of $25 in order to earn interest in this account. Compare Offer Advertiser Disclosure

Advertiser Disclosure

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.

How We Make Money

The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min balance for APY Offer details Offer details

Capital One

Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. 4.5 Bankrate Score

BrioDirect CD overview

BrioDirect offers a wide range of CDs with terms from 30 days to five years. All BrioDirect CDs require just $500 to open. The majority of the CDs pay competitive yields, though savers searching for the best yields can find better APYs by shopping around.

BrioDirect makes it easy to find the bank’s early withdrawal penalties, which range from 30 days to one year of interest, depending on the CD term length.

Pros

BrioDirect offers a competitive yield on most of its CDs. All CDs require only $500 to open. Consumers don’t have to hunt to find early withdrawal penalty information.

Cons

While APYs are competitive, consumers can find slightly higher yields elsewhere. Compare Offer Advertiser Disclosure

Advertiser Disclosure

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.

How We Make Money

The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC CD 4.10 % APY Info Bankrate CD rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. deposit Term Offer details Offer details

Capital One

Member FDIC CD Details 4.10 % APY Min. deposit Term Get peace of mind with fixed rates and guaranteed returns. 4.9 Bankrate Score

BrioDirect money market overview

BrioDirect’s money market account pays one of the top APYs nationwide. And the minimum balance required to open the account and earn interest is only $100; many banks require at least $25,000. There’s also no monthly fee tied to this account.

One minor con for this account, though: It doesn’t offer check writing. Customers who want to write checks from a money market account will want to shop around.

Pros

The account pays one of the top APYs nationwide. The minimum deposit to open the account is only $100. There’s no monthly service fee.

Cons

This account doesn’t offer check writing. 4.6 Bankrate Score

BrioDirect checking overview

BrioDirect’s checking account doesn’t charge a monthly maintenance or minimum balance fee. Customers will only need $25 to open the account, as well. The account even pays a bit of interest, though it’s modest. Those with balances of at least $25,000 will earn a higher rate as well.

Customers get surcharge-free access to more than 32,000 ATMs, and the bank will reimburse up to $20 for ATM surcharges each statement cycle.

The BrioDirect checking account, however, doesn’t offer check writing.

Pros

There are no monthly fees or minimum balance fees. Customers can access 32,000 fee-free ATMs. BrioDirect reimburses ATM surcharges up to a limit.

Cons

This account doesn’t offer check writing. Compare Offer Advertiser Disclosure

Advertiser Disclosure

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.

How We Make Money

The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Checking Account 2.50 % APY Info Bankrate Checking rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. To open To avoid fees Offer details Offer details

SoFi

Member FDIC Checking Account Details 2.50 % APY To open To avoid fees

Bank experience

BrioDirect customer service is available on weekdays from 8 a.m. to 8 p.m. Eastern and on Saturdays from 8:30 a.m. to 3 p.m. With the BrioDirect app,customers can access their accounts and send and receive money with Zelle. The iOS version of the app is more highly rated than the Android version. BrioDirect offers surcharge-free access to more than 32,000 ATMs through the MoneyPass network.

About BrioDirect

BrioDirect is an online subsidiary of Webster Bank. BrioDirect offers a savings account, money market account and a range of CDs.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .
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