Why should I choose a BrioDirect high-yield savings account?

We offer great rates, as well as convenient access and FDIC insurance so you can be confident your money is working hard—simply and securely.

Is opening a BrioDirect account simple?

Yes! You can complete a BrioDirect account application online in minutes.

What do I need to open my account?

All you need is a smart phone, your contact information, driver’s license, passport or state I.D. and Social Security number.

How do I make my initial deposit?

The easiest way is through an automated clearinghouse (ACH) payment from an existing checking or savings account. You can also fund via Check or Wire, click here to learn more.

Have a question about how ACH works? Please call 877.369.BRIO and speak to a client service representative.

If you fund your account via check please note: Once your check is received, it will be processed, and deposited into your account within 1 – 2 business days. You will see the deposit in your Current Balance until the check has cleared. The current balance is the total amount of funds in your account. The available balance is the current balance less any outstanding holds or debits that have not yet been posted to your account. Please see the Funds Availability policy for additional details.

How do I manage my BrioDirect savings account?

We offer online banking and mobile banking so you can manage your BrioDirect account anytime from virtually anywhere. You also can easily track your transactions via complimentary e-statements.

How do I transfer money into, or out of, my BrioDirect savings account?

You can transfer funds between your BrioDirect savings account and another bank using our External Transfers feature.

Is my money safe and secure with BrioDirect?

BrioDirect is the online brand of Webster Bank, a FDIC insured institution. Your deposit account is provided by Webster Bank, and you will be a Webster Bank client when you open your account.

I already have a deposit account with Webster Bank. How does this impact my FDIC insurance coverage?

Accounts that are opened via www.briodirectbanking.com and marketed by BrioDirect are Webster Bank accounts. Deposits in these accounts are made with Webster Bank. For purposes of determining how much FDIC insurance is applicable to your accounts, you need to consider all accounts maintained with Webster Bank, N.A., such as CD, checking, savings, BrioDirect online accounts and cash held in health benefits accounts with HSA Bank.

Does the high-yield savings account have monthly maintenance fees?

The account has no monthly maintenance fee.

Does the rate on the high-yield savings account change?

Yes, this is a variable-rate product, which means the rate on this account can move either up or down. Rates and APYs are subject to change without notice. However, we strive to provide our client with competitive rates!

How is it decided if the rate goes up or down?

We regularly monitor market conditions. We take many factors into consideration, including but not limited to, current market conditions and the federal funds rate.

How does the Federal Funds Rate impact BrioDirect’s rate?

We consider changes to the federal funds rate when determining the rates we offer. Rates everywhere may be impacted when the federal funds rate changes.