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How BrioDirect bank products compare

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Note: BrioDirect currently isn’t offering savings, checking, or money market accounts. Only CDs are available right now.

BrioDirect Review: Overall Bank Rating

BrioDirect Pros and Cons

About BrioDirect 

BrioDirect is an online-only division of Webster Bank. Customers have access to over 32,000 free ATMs through the MoneyPass ATM network. 

Customer service is available by phone from 8 a.m. to 8 p.m. ET on weekdays or 8:30 a.m. to 3 p.m. ET on Saturdays. 

BrioDirect has 4.7 out of 5 stars in the Apple store and 3.9 out of 5 stars in the Google Play store.

BrioDirect accounts are FDIC-insured through Webster Bank. You may safely keep up to $250,000 in an individual bank account. 

Is BrioDirect Trustworthy? 

We use ratings from the Better Business Bureau so you can see how a bank addresses customer issues.

The BBB gave BrioDirect’s parent company Webster Bank a B- rating because it received numerous customer complaints filed against the bank and hasn’t resolved a complaint.

BBB ratings aren’t the be-all and end-all, though. To see if BrioDirect is a solid choice for you, talk to current customers or read online customer reviews. 

The bank hasn’t been involved in any recent public controversies. 

BrioDirect FAQs

BrioDirect is a legitimate financial institution. Its bank accounts are provided by Webster Bank, which is an FDIC-insured financial institution. Up to $250,000 per depositor, per category is secure in a BrioDirect bank account.

BrioDirect is an online brand of Webster Bank. Currently, BrioDirect only offers CDs. 

BrioDirect may be a good choice if you’re comfortable with online-only banking and are specifically searching for a 1-year CD. It offers a competitive 1-year CD rate, and you only need $500 to open an account. Generally, financial institutions require at least $1,000 to open a CD. 

BrioDirect Reviews

BrioDirect High-Yield Savings Account

BrioDirect High-Yield Savings Account

Insider’s Rating

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star

4.25/5


Fees

no monthly service fee


Annual Percentage Yield (APY)

4.50%


Minimum Deposit Amount

$500

Pros

  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. High interest rate
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fees
Cons

  • con icon Two crossed lines that form an ‘X’. High minimum opening deposit


Product Details

  • Must maintain at least $1 in account to earn interest
  • Interest compounded daily and deposited monthly
  • FDIC insured

The BrioDirect High-Yield Savings Account is great if you have at least $500 to open an account. It also has no monthly service fee

Compare Today’s Savings Rates

BrioDirect Checking Account 

BrioDirect Checking Account

Insider’s Rating

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star

3.75/5


Fees

no monthly service fee


Annual Percentage Yield (APY)

0.01% to 0.10%


Minimum Deposit Amount

$25

Pros

  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. $25 minimum opening deposit
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fees
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. No out-of-network ATM fees
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Reimburses up to $20 each month in out-of-network ATM fees
Cons

  • con icon Two crossed lines that form an ‘X’. $35 overdraft fee
  • con icon Two crossed lines that form an ‘X’. No overdraft protection
  • con icon Two crossed lines that form an ‘X’. No checks


Product Details

  • Access to over 32,000 free ATMs through the MoneyPass ATM network
  • Receive reimbursements of up to $20 each month in out-of-network ATM fees
  • You may overdraw up to $5 from your account, and BrioDirect won’t charge a $35 overdraft fee; no overdraft protection is available
  • Earn 0.01% APY if you maintain a positive account balance of $24,999.99 or under
  • Earn 0.10% APY if you maintain an account balance of $25,000 or over
  • Interest compounded daily and deposited monthly
  • FDIC insured

The BrioDirect Checking Account might be worth considering if you don’t want to deal with monthly service fees or ATM fees. BrioDirect has a decent-sized ATM network, and you get up to $20 in out-of-network ATM fee reimbursements each month. 

The BrioDirect Checking Account isn’t the best option if you overdraw from your account, though. BrioDirect charges a $35 overdraft fee if you have a negative balance that exceeds $5, and it doesn’t have any overdraft protection.

BrioDirect High-Yield CD 

BrioDirect High-Yield CD

Insider’s Rating

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star

3.75/5


Annual Percentage Yield (APY)

0.05% to 5.35%


Minimum Deposit Amount

$500

Pros

  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Competitive interest rate, especially for 12-month, 18-month, and 2-year CDs
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. $500 opening deposit
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Variety of short-term CDs
Cons

  • con icon Two crossed lines that form an ‘X’. No terms over 5 years
  • con icon Two crossed lines that form an ‘X’. Standard-to-high early withdrawal penalties


Product Details

  • Term lengths ranging from 30 days to 5 years
  • Early withdrawal penalty of 30 days interest for 30-day terms; 90 days interest for terms of 12 months or less; 9 months interest for terms of 18 to 59 months; 12 months interest for terms of 60 months or more
  • Interest is compounded daily, and deposited quarterly or at maturity
  • FDIC insured

You might like BrioDirect if you’re searching for a 1-year CD. There’s a special promotional rate of 5.35% APY for the 1-year term, which is higher than 1-year CD rates at other banks.

BrioDirect CDs also only require a $500 opening deposit. Other financial institutions may require at least $1,000 to get a CD.

BrioDirect High-Yield Money Market Account

BrioDirect High-Yield Money Market Account

Insider’s Rating

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star

3.75/5


Fees

no monthly service fee


Annual Percentage Yield (APY)

0.70%


Minimum Deposit Amount

$100

Pros

  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Good interest rate
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. $100 minimum opening deposit
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fees
Cons

  • con icon Two crossed lines that form an ‘X’. No checks included
  • con icon Two crossed lines that form an ‘X’. No debit card included


Product Details

  • Earn 0.70% APY regardless of your account balance
  • Interest compounded daily and deposited monthly
  • FDIC insured

You’ll need a minimum of $100 to open the BrioDirect High-Yield Money Market Account. If you’re strictly searching for a competitive interest rate, the BrioDirect High-Yield Savings Account will likely be more appealing.

How BrioDirect Compares

BrioDirect vs. CFG Bank

Both BrioDirect and CFG Bank pay high CD rates on 1-year terms. However, CFG Bank pays higher interest rates on 18-month, 3-year, and 5-year terms. Keep in mind rates can fluctuate, so this may change in the future.

BrioDirect may be worthwhile if you’re looking for an online bank that has CD variety. BrioDirect has more CD terms available than CFG Bank, including terms as short as 30 days.

Also, consider which types of bank accounts you’d like to open. CFG Bank money market accounts, checking accounts, and CDs can be opened online from anywhere in the US, but you’ll need to go to a branch in Baltimore, Maryland, to open one of the bank’s standard savings accounts.

CFG Bank Review

BrioDirect vs. Ally

Ally Bank has a variety of online bank accounts with zero monthly service fees. You can open a high-yield savings account, checking account, CD, or money market account at Ally. Meanwhile, BrioDirect has more limited options right now, since you can only get CDs.

If you want to open a CD, it’ll be a toss-up based on which term length you want. BrioDirect has an appealing 1-year term, while Ally has strong 18-month and 9-month terms.

You’ll probably prefer Ally over BrioDirect if traditional banking hours don’t work for you. Ally offers 24/7 customer support by phone and online chat. 

Ally Bank Review

Why You Should Trust Us: How We Reviewed BrioDirect

In our BrioDirect review, we rate checking accounts, savings accounts, CDs, and money market accounts by looking at features like minimum opening requirements, monthly service fees, and customer support available.

We’ll also consider specific features for different types of bank accounts. For example, we look at early withdrawal penalties for CDs. Each account receives a rating between 0 and 5. Learn more about our  banking methodology and CD methodology.



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