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BrioDirect High-Yield Savings Account: Earn Expired
5.30% APY
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:
Slickdeals may be compensated by BrioDirect
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.
Slickdeals may be compensated by BrioDirect
Original Post
Written by
Edited September 23, 2024
at 02:20 PM
BrioDirect is offering 5.30% APY with their High-Yield Savings account. No monthly fee.
Details:
*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
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 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
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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%.
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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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How does it compare to Wealthfront?
I've used them for several years. The only problem I ever had was making too many transactions within 30 days and was charged a $5 fee. Called and they waived it, no problem. Best interest rate around
Do you need your money in short term? Then put it in HYSA (this one or any other, whichever you're comfortable with). CDs are not really worth it at this time, I think. For long term (like several years at least), common wisdom is to invest in an index fund. For retirement savings, max out your IRA contributions. When we were saving for a downpayment on a house, I put money in the bank that had highest yield among reputable ones. Was pretty happy about this decision in 2008. All depends on your needs.
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https://www.laurelroad.
If you need to withdraw all your money at once you can not
https://portfolioslab.c
I won't keep money in SPAXX in Fidelity. I was just pointing out that the main limitation for why I never considered using Fidelity as my main checking account is because a fund such as SPAXX wasn't available for the core (at least for me). My funds will be in USFR, and if I need additional funds for an unforeseen reason, I will sell some, wait the T+1 for settlement, convert to SPAXX, and use the Fidelity Cash Management Account debit card or ACHs to withdrawal. I'm actually not sure yet if auto-deductions from USFR are possible if I don't have funds in SPAXX because I'm still mid-process of finalizing this set-up. But I also don't intend on needing to do this because I also have an HYSA with CFG Bank that's been at 5.25% for a long while and I've enjoyed my relationship with them. I understand some HYSAs have paid slightly better, but given the no state/local taxes aspect with USFR in the Fidelity CMA, I've transitioned 95% of my monthly expenditure cash into USFR.
I don't have a particular threshold. I've been consolidating all kinds of accounts throughout the past year and Vanguard just very recently put me over the edge to leave when it came to buy USFR through them (transferring out of VMFXX), I could only procure through their mobile app (not on desktop), the settlement date was 3x that of what it was with Fidelity, and I could only buy whole shares. I've also had much less enjoyable interactions with them over the phone and via messaging.
I opened this Vanguard Roth IRA 23 yrs ago when I was just getting started and it was time for me to move on. I'm not detracting from VMFXX...I just wanted to mention another option that I personally have found to work better for me (USFR), and why I think it does.
What is your view on SGOV? Isn't that better than USFR?
And why not use Fidelity Brokerage account? That has SPAXX as a core position. It acts as a bank as well and does everything except Zelle.
Flagstar is 5.55%.
No, the CMA core position is cash. It pays like 2.69% or something. SPAXX must be manually bought, however it will auto liquidate to cash on demand.
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And why not use Fidelity Brokerage account? That has SPAXX as a core position. It acts as a bank as well and does everything except Zelle.
When it comes to brokerages, I like Think or Swim too much to leave Schwab (previously was TD Ameritrade). I don't keep a cash balance in my brokerage account, so that's irrelevant to me.