Published on: March 21, 2024
By: Webster Bank
When will interest be credited to my Brio account?
For Savings Accounts: Interest is compounded daily and credited to your account each statement cycle. Please note that interest calculations and crediting are dependent upon your Brio Product. Please access the appropriate Product Disclosure for full details.
For CDs: Interest will be compounded on a daily basis and interest will be credited to your account at the end of each quarter (every 3 months) and at maturity.
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.