This article was updated on: September 26, 2023
Published on: January 23, 2023
By: Webster Bank
What are the current rates of BrioDirect’s products?
| PRODUCT | APY |
|---|---|
| 30 Day CD | 0.05%1 |
| 3 Month CD | 0.25%1 |
| 5 Month CD | 0.15%1 |
| 9 Month CD | 0.30%1 |
| 12 Month CD* | 5.00%1 |
| Promo High-Yield 12 Month CD† | 5.00%1 |
| 18 Month CD | 1.35%1 |
| 24 Month CD | 2.30%1 |
| 30 Month CD | 0.45%1 |
| 36 Month CD | 2.45%1 |
| 48 Month CD | 0.45%1 |
| 60 Month CD | 0.45%1 |
| Money Market* | 0.70%2 |
| Savings | 5.35%3 |
| Savings Plus* | 5.35%4 |
| Checking Account* | up to 0.20%5 |
*We are not currently offering this product
1Annual Percentage Yield (APY) is accurate as of 5/2/2024. Rate is subject to certain terms and conditions. You must deposit at least $500 to open the CD and earn the disclosed APY. In the event of withdrawal before stated maturity, an early withdrawal penalty will be imposed. Offer can be revoked at any time.
**Eligibility Requirements for Promo High-Yield 12-Month CD of 5.00% APY:
- The Promo High-Yield 12-Month CD is only available for new accounts opened on or after 5/2/2024.
- This Certificate of Deposit will renew automatically at maturity. Webster Bank will allow a 10-day grace period after the maturity date to deposit or withdraw funds without penalty. If no changes are made to the account, the account will renew to a 12-month certificate of deposit at the standard, non-promotional rate in effect at the time of renewal.
2The Annual Percentage Yield (APY) and the corresponding tiers for BrioDirect Money Market are as follows: 0.70% ($0.01-$24,999) and 0.70% ($25,000-$99,999) and 0.70% ($100,000 and above). These APYs are accurate as of 5/2/2024. Rates are subject to certain terms and conditions. The rates and APYs are variable and may change at any time. Fees may reduce earnings.
3Annual Percentage Yield (APY) is accurate as of 5/2/2024. 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.
4Annual Percentage Yield (APY) is accurate as of 5/2/2024. Rate is subject to certain terms and conditions. Rate and APY may change at any time. Fees may reduce earnings.
5The Annual Percentage Yield (APY) and the corresponding tiers for BrioDirect checking are as follows: .15% ($0.01-$24,999) and .20% ($25,000 and above). These APYs are accurate as of 5/2/2024. Rates are subject to certain terms and conditions. These rates are variable and may change after the account is open. Fees may reduce earnings.
All deposit products are provided by Webster Bank, N.A. ("Webster Bank"), an insured FDIC institution. BrioDirect is a sub-brand of Webster Bank. Webster Bank operates under the trade name BrioDirect. This trade name is used by, and refers to, Webster Bank, a single FDIC-insured bank.
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.