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BrioDirect High-Yield Savings Account: Earn Expired

5.30% APY
+70 Deal Score
132,189 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
+70
132,189 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 Jun 2005
L4: Apprentice
> bubble2 304 Posts
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amartins02
06-19-2024 at 02:49 PM.

Our community has rated this post as helpful. If you agree, why not thank amartins02

06-19-2024 at 02:49 PM.
Guys check out Fierce Bank. It's 5.25% so it's not far off. I like them to hold cash because they show you the built up interest daily.

Also when you withdraw it shows up on your other bank account at the end of the same day.

Bonus is the transfers show up as a direct deposit. That's great because it'll qualify for bank bonuses that require direct deposits to fulfill bonus requirements.
1
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Joined May 2014
L4: Apprentice
> bubble2 482 Posts
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oSnapMillerTime
06-19-2024 at 05:49 PM.
06-19-2024 at 05:49 PM.
If you travel at all, Betterment is a good option. 5% cash reserve. Checking pays back ATM fees both foreign and domestic.
Reply
Joined Dec 2005
L9: Master
> bubble2 4,075 Posts
115 Reputation
ms2000
06-22-2024 at 02:02 PM.
06-22-2024 at 02:02 PM.
Quote from Oil_Burner View quoted comment :
UBS Bank has a promotional offer of 5.40% - https://www.ubs.com/us/en/wealth-...tml#table8
Says "Promotional rate ends on October 14, 2024"
Will the rate goes down?

Was UBS affected and govt rescued it?

What is the good option - especially those who has not decreased the rate for a while?
Reply
Joined Dec 2005
L9: Master
> bubble2 4,075 Posts
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ms2000
06-22-2024 at 02:03 PM.
06-22-2024 at 02:03 PM.
Quote from amartins02 View quoted comment :
Guys check out Fierce Bank. It's 5.25% so it's not far off. I like them to hold cash because they show you the built up interest daily.

Also when you withdraw it shows up on your other bank account at the end of the same day.

Bonus is the transfers show up as a direct deposit. That's great because it'll qualify for bank bonuses that require direct deposits to fulfill bonus requirements.
Could u guys create a wiki page?
Reply
Joined Nov 2012
L2: Beginner
> bubble2 87 Posts
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PlayaFalcon
06-25-2024 at 02:04 PM.
06-25-2024 at 02:04 PM.
Isn't Treasury bills better? Slightly higher rate. No state tax.
Reply
Joined Feb 2019
L2: Beginner
> bubble2 50 Posts
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MatthewN18
06-26-2024 at 07:16 PM.
06-26-2024 at 07:16 PM.
I've been with CIT bank, I believe their rate is 5% now. I recently had to withdrawal some money and was happy to learn they do domestic wires for free as long as you have a minimum of $25k in your account. To me transferring money out is a big deal since essentially with all these savings accounts, time is money.
Can anyone explain what the domestic transfer fees are at this bank and what your experience was?
Reply
Joined Jun 2007
L6: Expert
> bubble2 1,016 Posts
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Drummer_Dude
06-27-2024 at 01:29 PM.
06-27-2024 at 01:29 PM.
Quote from amartins02 View quoted comment :
Guys check out Fierce Bank. It's 5.25% so it's not far off. I like them to hold cash because they show you the built up interest daily.

Also when you withdraw it shows up on your other bank account at the end of the same day.

Bonus is the transfers show up as a direct deposit. That's great because it'll qualify for bank bonuses that require direct deposits to fulfill bonus requirements.
Looks interesting but are they legit? Anyone else use them? Banking Products: FDIC INSURED THROUGH CROSS RIVER BANK, MEMBER FDIC

https://www.getfierce.com/about/
Reply
Last edited by Drummer_Dude June 27, 2024 at 01:31 PM.

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Joined Sep 2014
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CTRL-ALT-DEALS
06-27-2024 at 05:32 PM.
06-27-2024 at 05:32 PM.
This vs UFB Direct?
Reply
Joined Jun 2005
L4: Apprentice
> bubble2 304 Posts
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amartins02
07-03-2024 at 07:34 AM.
07-03-2024 at 07:34 AM.
Quote from Drummer_Dude View quoted comment :
Looks interesting but are they legit? Anyone else use them? Banking Products: FDIC INSURED THROUGH CROSS RIVER BANK, MEMBER FDIC

https://www.getfierce.com/about/
Yea I have used them for a bit. Also recommended to others without issue.
Reply
Joined Nov 2006
L5: Journeyman
> bubble2 960 Posts
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tbone209
07-04-2024 at 05:51 AM.
07-04-2024 at 05:51 AM.
Quote from Slacky View quoted comment :
If true then forget it. Hard pull to let them hold MY money?!?
i opened an account they didn't
Reply
Joined Aug 2006
L5: Journeyman
> bubble2 766 Posts
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iansp
07-04-2024 at 07:17 AM.
07-04-2024 at 07:17 AM.
Quote from AmusedScent305 View quoted comment :
Yes, new customer only. Can't have had an account with them for 1-2 years or whatever they set their limit to now.

Tried Chase after 2 years and they rejected my application!
Reply
Joined Jan 2020
L2: Beginner
> bubble2 175 Posts
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MeatBallSubmarine
07-04-2024 at 07:50 PM.
07-04-2024 at 07:50 PM.
How's this compared to Vio Bank which is also offering 5.3%
Reply
Joined Jul 2019
L9: Master
> bubble2 4,134 Posts
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Gb1908
07-05-2024 at 09:19 AM.
07-05-2024 at 09:19 AM.
Have cd due in August.. think there will be rate cuts by then and have to go back to the crack den stock market?
Reply
Joined Jan 2008
L4: Apprentice
> bubble2 423 Posts
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mrclemson
07-07-2024 at 07:41 PM.
07-07-2024 at 07:41 PM.
Quote from rahul1483 View quoted comment :
This vs T-Bill?
For high incomers, another option is to buy BOXX, it doesn't pay dividend until you sell. So if you plan to park the cash for over a year, it becomes long term investment, and the tax rate comes down to 15%.
Quote from rahul1483 View quoted comment :
This vs T-Bill?
Reply

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Joined Nov 2011
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NikoZ
07-15-2024 at 06:18 PM.
07-15-2024 at 06:18 PM.
Quote from Drummer_Dude View quoted comment :
Looks interesting but are they legit? Anyone else use them? Banking Products: FDIC INSURED THROUGH CROSS RIVER BANK, MEMBER FDIC

https://www.getfierce.com/about/

I opened an account earlier this month, Fierce's app is awesome and very user friendly.

It's a cash account with 5.25% daily compounding interest FDIC insured.

Pros:
You get a Mastercard debit card and can use any allpointnetwork ATM fee free. Use the allpointnetwork locator to find them they are everywhere.

Initial funding took a few days but so far so good. You can also buy crypto and stocks or even open an IRA on the app with the money in your cash account. Takes about 3 days to withdraw back to the original funding account and 10 days to use the money or transfer to any other account.

They are also releasing a credit card that gets 1.5% cash back on all purchases and is automatically deposited to your cash checking account at the end of each month.

Seems promising so far and the app devs are def legit. The only catch is you need to use the app there is no access by website.

You can assign a beneficiary and also there is a 25 dollar bonus if you setup direct deposit.

Since it's not a savings account it doesn't have weird transfer limits that I'm aware of but will dig deeper to see if anything notable to mention here.

Built in budgeting tool and allows you to link all your external accounts to get a big picture view of money in / money out.

Cons:
App only access (but the app is very modern and one of the nicest I've seen)

No actually checking (who actually writes checks anymore?)

No joint account option
Reply
Last edited by NikoZ July 15, 2024 at 06:32 PM.
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