Published on: March 21, 2024
By: Webster Bank
What happens when my CD is ready to rollover?
You have a few options when your CD is approaching maturity:
- Simply allow your CD to rollover. No action is required on your part. You can see current CD rates here: www.briodirectbanking.com/high-rate-cds/
- Roll your CD balances into a Brio Savings account.
- If you do not have a Brio Savings account, you will need to open an account at: BrioDirect (briodirectbanking.com) and then call us to transfer the funds.
- If you already have a Brio Savings account, please call us at 877.369.BRIO to transfer the funds.
- Transfer your funds to another financial institution or receive a check with your funds.
- Please call us at 877.369.BRIO to transfer the funds or receive a check to close out your CD.
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.