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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.
Damn idk why mine isn't instant.
https://www.mybankingdi
might be dealbreaker for many.
Clients are eligible for standard outbound transfers up to $25,000 that are completed within 3 business days (provided that funds are available). For standard outbound transfers, the client must wait until an outstanding transfer(s) that exceeds $25,000 has settled before another transfer can be initiated, including any scheduled transfers. The monthly limit on outbound transactions is $100,000. You may be eligible to transfer additional amounts in excess of these limits by calling our contact center at 877.369.BRIO.
You cannot add/transfer funds to or from an account that you are not a listed owner on.
https://www.mybankingdi
maybe i can ask if they cant match
Federal money market funds are not FDIC insured but are invested in government instruments that are arguably just a secure if not more secure than FDIC.
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What would you recommend instead? Crypto? Or stuff money in a mattress?
When is that oh wise reader of the tea leaves?
Clients are eligible for standard outbound transfers up to $25,000 that are completed within 3 business days (provided that funds are available). For standard outbound transfers, the client must wait until an outstanding transfer(s) that exceeds $25,000 has settled before another transfer can be initiated, including any scheduled transfers. The monthly limit on outbound transactions is $100,000. You may be eligible to transfer additional amounts in excess of these limits by calling our contact center at 877.369.BRIO.
You cannot add/transfer funds to or from an account that you are not a listed owner on.
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.
.
Just to be clear, you can add beneficiaries, they just don't make it easy. Otherwise, I've had no issues with the bank as a whole.
I'd like to add that they have a customer service phone number which is answered by human beings who are not in a call center halfway around the world. That's always a plus in my book.
.
https://www.mybankingdi
how's your experience with my banking direct?
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Reviews: https://www.depositacco
BioDirect Ratings: 5 stars (12); 4 stars (4); 3 stars (4); 2 stars (6); 1 star (102)
About DepositAccounts: https://www.depositacco
Here are just a few titles of the 1 star reviews with the most recent first. The full details of their complaint are under the titles on the site.
Not Worth It - Reviews Are Right
Posted by: WilliamLEJA | Jun 7, 2024
Good Grief!
Posted by: Tesla | Jun 3, 2024
Had To Open Consumer Finance Complaint To Get CD Funds Back
Posted by: my2407 | May 31, 2024
Don't Expect Your Matured CD Proceeds Anytime Soon!
Posted by: userpak | May 29, 2024
Terrible Experience Getting Funds Released
Posted by: Eclaire | May 9, 2024
Do Not Do Business With Brio Direct
Posted by: Ev | May 8, 2024
Avoid This Bank At All Costs - Worst Bank Ever - Run!
Posted by: LadyNancy | May 6, 2024