Update: This popular deal is still available.
BrioDirect is offering
5.30% APY with their
High-Yield Savings account. No monthly fee.
Thanks to staff member
EfficientGame645 for finding this deal.
Details:- No monthly maintenance fee.
- $5,000 minimum to open.
- $25 minimum to earn APY
- Keep track of your savings with online and mobile banking
- Provided by Webster Bank, N.A. ("Webster Bank"), an insured FDIC institution.
*Annual Percentage Yield (APY) is accurate as of 9/17/2024. Rate is subject to certain terms and conditions. You must deposit at least $5,000 to open your account and maintain $25 to earn the disclosed APY. Rate and APY may change at any time. Fees may reduce earnings.
Slickdeals may be compensated by BrioDirect
Original Post
Written by
Edited September 23, 2024
at 02:20 PM
by
BrioDirect is offering
5.30% APY with their
High-Yield Savings account. No monthly fee.
Details:- No monthly maintenance fee.
- $5,000 minimum to open.
- $25 minimum to earn APY
- Keep track of your savings with online and mobile banking
- Provided by Webster Bank, N.A. ("Webster Bank"), an insured FDIC institution.
The APY dropped 0.05% on 6/4/24, 5.35% --> 5.30%
*Annual Percentage Yield (APY) is accurate as of 6/4/2024. Rate is subject to certain terms and conditions. You must deposit at least $5,000 to open your account and maintain $25 to earn the disclosed APY. Rate and APY may change at any time. Fees may reduce earnings.
Slickdeals may be compensated by BrioDirect
in
Finance
BrioDirect Banking - Bank Advertiser
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If you need to withdraw all your money at once you can not
BrioDirect is an online brand of Webster Bank (FDIC insured), which has been around for almost 90 years and has 177 branch stores across the country (in case that's a benefit to you). Wealthfront is online only and not technically a bank. They distribute your money to banks that are FDIC insured, so you're covered that way.
I think both are good options, so it comes down to your personal preferences. I would opt for the higher rate if there's no major differentiator between the two products (and your money is insured), but that's just me. Some people prefer to go with a known brand they trust and will sacrifice interest in return. American Express Savings, for example, are popular despite only offering 4.25%.
You can see a listof other popular option over on our personal finance site at https://money.slickdeal
You have to send them a "special" message formatted just the way they want it. They don't have an online form or a PDF to make it easier.
On top of that, I can't get them to acknowledge in a formal way that my beneficiaries have been properly assigned.
I don't think it's too much to ask that they send me either a message, or an email, or god forbid a USPS letter showing me the beneficiary info they have on file.
They just want you to take their word for it. As anyone who's dealt with an estate after a person has died will tell you, it's pretty important that you get these details done, and done correctly.
As far as they're concerned, I have to wait till I'm dead to find out they did it incorrectly.
I'm thinking seriously of walking away from them because of this.
Rant over.
.
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Accounts at institutions that are FDIC insured or credit unions insured by NCUA are covered up to $250,000 per depositor. If you have more than $250,000 to park, use multiple banks.
You have to send them a "special" message formatted just the way they want it. They don't have an online form or a PDF to make it easier.
On top of that, I can't get them to acknowledge in a formal way that my beneficiaries have been properly assigned.
I don't think it's too much to ask that they send me either a message, or an email, or god forbid a USPS letter showing me the beneficiary info they have on file.
They just want you to take their word for it. As anyone who's dealt with an estate after a person has died will tell you, it's pretty important that you get these details done, and done correctly.
As far as they're concerned, I have to wait till I'm dead to find out they did it incorrectly.
I'm thinking seriously of walking away from them because of this.
Rant over.
.
Rant supported
Won't fiat currency be useless when the whole economic structure collapses? Oh wait, I'm bringing logic to the table. Silly me.
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and
poppybank.com [poppy.bank] at 5.5% APY
Both are FDIC insured and don't have to jump through hoops to get that rate.
Just opened one with BMO ALTO which is 5% no minimum
If you need to withdraw all your money at once you can not
Sign up for a Slickdeals account to remove this ad.
Our community has rated this post as helpful. If you agree, why not thank AmusedScent305
and
poppybank.com [poppy.bank] at 5.5% APY
Both are FDIC insured and don't have to jump through hoops to get that rate.
The only "hoops" on these two that I see it that MBD requires $500 to open, but after that is 5.55% for any balance over $1, and the Poppy requires $1000 to open but you must also maintain $1000 ADB plus enroll in e-statements to avoid a $5/month fee for paper statements. Both are pretty low threshold, but MBD offers a checking account that gives ATM access outside of California, too.
Poppy does guarantee the rate for 90 days after opening, but can/will change without notice after that. MBD doesn't guarantee the rate for any specific length of time, but per the other thread on them they've offered the highest rates for a while to entice customers because they've had some liquidity issues.
Slickdeals isn't getting a kickback they want to share?
What happened to Slickdeals Rewards/cashback offers? It's exactly these type of offers that usually are high returns on CashBack/point sites.
What happened to Slickdeals Rewards/cashback offers? It's exactly these type of offers that usually are high returns on CashBack/point sites.
Quick skim of Swag has
SoFi, Acorn, Chime, Ily, Axos, stash, One, Discover, etc ...
I didn't see Brio (yet?)
Are you saying Brio prohibits SD from rewarding SD members for signups? Or is this a general explanation for SD not sharing any kickbacks?
SoFi, Acorn, Chime, Ily, Axos, stash, One, Discover, etc ...
I didn't see Brio (yet?)
Are you saying Brio prohibits SD from rewarding SD members for signups? Or is this a general explanation for SD not sharing any kickbacks?
BrioDirect is an online brand of Webster Bank (FDIC insured), which has been around for almost 90 years and has 177 branch stores across the country (in case that's a benefit to you). Wealthfront is online only and not technically a bank. They distribute your money to banks that are FDIC insured, so you're covered that way.
I think both are good options, so it comes down to your personal preferences. I would opt for the higher rate if there's no major differentiator between the two products (and your money is insured), but that's just me. Some people prefer to go with a known brand they trust and will sacrifice interest in return. American Express Savings, for example, are popular despite only offering 4.25%.
You can see a listof other popular option over on our personal finance site at.
https://money.slickdeal
American Express has dropped their rates twice in the past few months. BrioDirect appears on par with TBills, but if compounded daily, is a better bet.
Sign up for a Slickdeals account to remove this ad.
You have to send them a "special" message formatted just the way they want it. They don't have an online form or a PDF to make it easier.
On top of that, I can't get them to acknowledge in a formal way that my beneficiaries have been properly assigned.
I don't think it's too much to ask that they send me either a message, or an email, or god forbid a USPS letter showing me the beneficiary info they have on file.
They just want you to take their word for it. As anyone who's dealt with an estate after a person has died will tell you, it's pretty important that you get these details done, and done correctly.
As far as they're concerned, I have to wait till I'm dead to find out they did it incorrectly.
I'm thinking seriously of walking away from them because of this.
Rant over.
.
Synchrony bank does it online... albeit they have MUCH LOWER HIGH YIELD SAVINGS INTREST RATES...