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BrioDirect High-Yield Savings Account: Earn Expired

5.30% APY
+71 Deal Score
125,978 Views
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
Created 05-02-2024 at 12:12 PM by EfficientGame645
in Finance BrioDirect Banking - Bank Advertiser
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Deal
Score
+71
125,978 Views
5.30% APY
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

191 Comments

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Featured Comments

be aware that they have a weekly withdrawal limit.
If you need to withdraw all your money at once you can not
I haven't used them personally, but a coworker of mine has and he said they're solid. Not just the rate, but ease of use, mobile app, customer service etc. was great. Wealthfront looks like a solid option as well, but it's technically not a HYSA. At least not in the traditional sense since it has checking account features built into it as well.
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.slickdeals.net/best-savings-accounts/
My only complaint with them is how they handle beneficiaries.

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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Joined Jan 2013
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> bubble2 3 Posts
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chickenfarmer
05-17-2024 at 09:24 PM.

Our community has rated this post as helpful. If you agree, why not thank chickenfarmer

05-17-2024 at 09:24 PM.
Just fyi they do a hard pull when you apply to open account opted out before completing process
4
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Joined Oct 2011
L3: Novice
> bubble2 140 Posts
22 Reputation
blackmarlin8
05-17-2024 at 09:32 PM.
05-17-2024 at 09:32 PM.
Quote from rahul1483 :
This vs T-Bill?
Better fund treading account and load USFR , it is as liquid as cash, doesnt loose any values and pays 5.35% dividend monthly

Avoid dealing with new unknown banks, unnecessary delays on funding and transactions , and easy tax filing using one less 1099.

https://finance.yahoo.com/quote/USFR/
Reply
Joined Jan 2021
L6: Expert
> bubble2 1,276 Posts
201 Reputation
Slacky
05-17-2024 at 11:33 PM.
05-17-2024 at 11:33 PM.
Quote from chickenfarmer :
Just fyi they do a hard pull when you apply to open account opted out before completing process

If true then forget it. Hard pull to let them hold MY money?!?
Reply
Joined Jan 2013
New User
> bubble2 3 Posts
10 Reputation
chickenfarmer
05-18-2024 at 04:16 AM.
05-18-2024 at 04:16 AM.
Quote from Slacky :
If true then forget it. Hard pull to let them hold MY money?!?

Yep it's at the end of the account opening process.
Reply
Joined Nov 2021
L3: Novice
> bubble2 109 Posts
22 Reputation
Clinteaston
05-18-2024 at 12:46 PM.
05-18-2024 at 12:46 PM.
Quote from rahul1483 :
This vs T-Bill?

HYSA are compounded daily in most cases. T-Bills are purchased at a discount for a set payment at maturity. If you reinvest your T-Bills for one year APY, then may equal this rate. Overall, the HYSA options don't lock your capital away and compounding interest pays a few bucks more.
1
Reply
Joined Jan 2020
L5: Journeyman
> bubble2 962 Posts
282 Reputation
AmusedScent305
05-18-2024 at 02:21 PM.
05-18-2024 at 02:21 PM.
Quote from rahul1483 :
This vs T-Bill?

It depends.

T-bills are exempt from state and local taxes, so if you live in a high tax state, an HYSA has to have a bit higher return than a T-bill to off-set the additional tax burden. They are less liquid, to be sure, but if this is money you would let sit for between 4 and 52 weeks a T-bill is a very safe investment where you are guaranteed the rate for the specified term. An HYSA rate can change at any time.

That said, if this is money you're just trying to earn interest on but may still need access to unexpectedly, you're better off with the HYSA or other interest bearing account at a bank.
Reply
Joined Sep 2008
L7: Teacher
> bubble2 2,722 Posts
679 Reputation
FatSmurf
05-18-2024 at 05:26 PM.
05-18-2024 at 05:26 PM.
Quote from Batmansplumber :
Won't fiat currency be useless when the whole economic structure collapses? Oh wait, I'm bringing logic to the table. Silly me.
That's why you should give me your money in exchange for FatBucks. When the economy collapses and dollars are worthless you can give your FatBucks back to me for canned beans.
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Joined Oct 2014
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> bubble2 60 Posts
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hi57o
05-19-2024 at 12:37 AM.
05-19-2024 at 12:37 AM.
Quote from FatSmurf :
That's why you should give me your money in exchange for FatBucks. When the economy collapses and dollars are worthless you can give your FatBucks back to me for canned beans.

I'm willing to invest 10k into FatBucks™, only on the condition they utilize blockchain technology.
2
1
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Joined Dec 2017
L1: Learner
> bubble2 7 Posts
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mayurdmehta
05-19-2024 at 11:14 AM.
05-19-2024 at 11:14 AM.
Quote from Oil_Burner :
UBS Bank has a promotional offer of 5.40% - https://www.ubs.com/us/en/wealth-...tml#table8

5.4 for more than $5mil deposit. People with that kind of money wont be reading your post
1
2
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Joined Aug 2007
L3: Novice
> bubble2 200 Posts
22 Reputation
kenoarto
05-19-2024 at 12:37 PM.
05-19-2024 at 12:37 PM.
anybody offering $100-200 bonus?
Reply
Joined Mar 2016
L4: Apprentice
> bubble2 414 Posts
30 Reputation
Jacky16
05-19-2024 at 01:00 PM.
05-19-2024 at 01:00 PM.
Why not just buy treasury bond on Fidelity/Vanguard etc instead of hopping banks
Reply
Joined Jan 2020
L5: Journeyman
> bubble2 962 Posts
282 Reputation
AmusedScent305
05-19-2024 at 05:09 PM.
05-19-2024 at 05:09 PM.
Quote from mayurdmehta :
5.4 for more than $5mil deposit. People with that kind of money wont be reading your post

Huh? The link shows they have 6 tiers. Anything under $250k also sees the 5.4% rate
Reply
Joined Sep 2014
L5: Journeyman
> bubble2 562 Posts
30 Reputation
junkpromo
05-21-2024 at 10:10 PM.
05-21-2024 at 10:10 PM.
Quote from Jacky16 :
Why not just buy treasury bond on Fidelity/Vanguard etc instead of hopping banks

What's the limit that you can buy? Tbill is only $10,000 per person
Reply
Joined Jan 2020
L5: Journeyman
> bubble2 962 Posts
282 Reputation
AmusedScent305
05-21-2024 at 11:28 PM.
05-21-2024 at 11:28 PM.
Quote from junkpromo :
What's the limit that you can buy? Tbill is only $10,000 per person

I think you're thinking of I-bonds for the $10k limit. I'm fairly certain you can buy up to $10,000,000 in T-bills and other marketable securities.
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Joined Sep 2014
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> bubble2 562 Posts
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junkpromo
05-22-2024 at 06:10 AM.
05-22-2024 at 06:10 AM.
Quote from AmusedScent305 :
I think you're thinking of I-bonds for the $10k limit. I'm fairly certain you can buy up to $10,000,000 in T-bills and other marketable securities.

You're right on the i-bonds! May we have the links to the t-bills and other market securities? I looked but am not sure. TIA!
Reply
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