Summary: BrioDirect is the online division of Webster Bank. It was created to offer competitive high-yield savings products in a digital-only format. All accounts are FDIC insured under Webster Bank, up to the standard limits.
BrioDirect offers the following two products:
BrioDirect’s high-yield savings account offers a highly competitive 3.75% APY. The drawback is that this online savings account requires a minimum opening deposit of $5,000. However, once the account is open, you only need to maintain a minimum of $25 in your account to earn the highest advertised rate. There is also no monthly maintenance fee associated with this account.
Read more: The 10 best high-yield savings accounts available today
BrioDirect previously offered CDs in varying terms with a minimum opening deposit of $500. However, CDs are not currently available to open.
Here are some of the bank fees you may encounter as a BrioDirect customer:
Before banking with BrioDirect, there are some pros and cons to consider:
Pros:
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No monthly maintenance fees: BrioDirect does not charge a monthly maintenance fee for its deposit accounts.
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Competitive savings account rate: The high-yield savings account from BrioDirect currently offers above 3.75% APY — nearly 10 times the national average rate for savings accounts.
Cons:
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High minimum opening deposit: To open a high-yield savings account with BrioDirect, you must deposit at least $5,000. Account holders must also maintain a balance of at least $25 to earn the highest advertised rate.
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Limited account options: BrioDirect currently only offers a high-yield savings account. If you’re looking for a checking account, money market account, or CD, you’ll need to explore other options.
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To speak with a BrioDirect customer service representative, you can contact the client service telephone center at (877) 369-BRIO (2746), Monday through Friday from 8 a.m. ET to 8 p.m. ET and Saturday from 8:30 a.m. to 3 p.m. ET.
You can also contact BrioDirect using the following mailing address:
Webster Bank
Attn: BrioDirect Deposit Operations
1 Jericho Plaza
Jericho, NY 11753
BrioDirect also offers online banking services via the Webster Bank mobile app, which is available for download on the App Store and Google Play. The app has a rating of 4.7 and 4.3 stars, respectively. The app allows you to review account balances and transactions, deposit checks, send money via Zelle, transfer money between accounts, and more.
Yes. BrioDirect is a brand under Webster Bank, which is an FDIC-insured institution.
Wire transfers must be sent to Webster Bank; its routing number is 221970443.
BrioDirect is an online-only bank, which means it does not operate any physical branch locations. However, you can manage your BrioDirect account by logging in to your account online or via the mobile app.
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