BrioDirect Review: Savings
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Overall institution rating
4.5
BrioDirect is an online brand of Webster Bank, an FDIC-insured bank based in Stamford, Conn. It offers competitive rates on its savings account. However, it has a steep minimum opening deposit requirement.
Best for: Those who want a strong savings rate, are willing to deposit large opening balances and who aren’t likely to need in-person services.
- No monthly fees.
- Competitive rates on savings.
- Extended phone customer service hours.
- High minimum opening deposits for savings.
- No branch access.
Full review
Full review
BrioDirect
Savings
BrioDirect High-Yield Savings
4.7
/54.7
/5APY
5.00%
With $25 min. balance for APY
Bonus
N/A
APY
5.00%
With $25 min. balance for APY
Bonus
N/A
BrioDirect offers a high-yield savings account that earns a stellar annual percentage yield, or APY, and has no monthly fees. But you’ll need a minimum of $5,000 to open an account, and you’ll need to keep at least $25 in the account to earn the APY.
» Want to see more options? Check out NerdWallet’s best savings accounts
Customer experience
BrioDirect customer service is available by phone on weekdays from 8 a.m. to 8 p.m. Eastern time, and on Saturdays from 8:30 a.m. to 3 p.m. Eastern time. The online institution’s website design is straightforward, and information about fees and rates is relatively easy to find. You can use BrioDirect’s website or mobile apps to access your account and conduct banking tasks such as viewing account balances, transferring money and monitoring account activity.
Methodology
NerdWallet’s overall ratings for banks and credit unions are weighted averages of several categories: checking, savings, certificates of deposit or credit union share certificates, banking experience and overdraft fees. Factors we consider, depending on the category, include rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service and innovation. The stars represent ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.