Have a question? Find the answer here.
Does the rate on the High-Yield Online 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.
What are fixed rate products?
Fixed rate products allow clients to lock in a particular rate upon opening the account, for a set amount of time. BrioDirect High-Yield CDs are fixed-rate products. Early withdrawal penalties apply. We have many terms available! Pick a term that works best for your savings goals. View Terms
Are my deposits FDIC insured?
Yes, your deposits are FDIC insured by Sterling National Bank in accordance with FDIC standards. You can visit www.FDIC.gov for more information.
Why should I choose a BrioDirect high-yield CD?
We offer great rates, which can make a BrioDirect CD an excellent way to achieve your savings goals.
How do I transfer money into, or out of, my BrioDirect online savings account?
You can transfer funds between your BrioDirect savings account and another bank using our External Transfers feature, or call 877-369-BRIO and one of our knowledgeable client service representatives will be happy to assist you.
How do I manage my 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. (There is a $5 fee for paper statements, however.)
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 there a penalty if I take my money out of a CD?
Yes, if you take money out of a CD before the end of its term, you will be subject to an early withdrawal penalty. Please view product disclosures for details.
Is my money safe and secure with BrioDirect?
BrioDirect is the online brand of Sterling National Bank. Founded in 1888, Sterling is rated one of “America’s 100 Best Banks” by Forbes and an FDIC insured institution. Your deposit account is provided by Sterling National Bank, and you will be a Sterling National Bank client when you open your account.
I already have a deposit account with Sterling National Bank. How does this impact my FDIC insurance coverage?
Accounts that are opened via briodirectbanking.com and marketed by BrioDirect are Sterling National Bank accounts. Deposits in these accounts are made with Sterling National Bank. For purposes of determining how much FDIC insurance is applicable to your accounts, you need to consider not only the BrioDirect online savings or CD accounts that you maintain, but also all other accounts you maintain at Sterling National Bank. If you have a question about your FDIC insurance coverage, please call 877-369-BRIO and speak to a client service representative.
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.
What do I need to open my account?
You just need your contact information, driver’s license, passport or state I.D. and Social Security number.
Is opening a BrioDirect account simple?
Yes! You can complete a BrioDirect account application online in minutes.
Does the High-Yield Online Savings Account have fees?
The account has no monthly fee.
What are the external transfer limits
Standard outbound limits: Clients are eligible for standard outbound transfers up to $75,000 that are completed within 3 business days (provided that funds are available). These transfers must be submitted by 10PM ET/1AM PT for current day processing. Transfers submitted after this time are processed on the following business day. For standard outbound transfers, the client must wait until an outstanding transfer(s) that exceeds $75,000 has settled before another transfer can be made and the monthly limit on outbound transactions is $250,000. You may be eligible to transfer additional amounts in excess of these limits by calling our contact center at 877-369-BRIO.
Note: There may be additional limits for security reasons on the frequency and dollar amount of transfers you can make. For transfers to an account held at another financial institution, the name on the recipient’s account must match the name on your savings account. In the event that we determine that there are risks associated with a transfer we may delay or cancel the transfer and notify you, or direct you to contact us to provide additional information. Transfer limitations may be modified by Sterling National Bank at any time without notice.