High-Yield Money Market
Great rates mean the more you save, the more you earn.
Give your savings an extra boost with BrioDirect
Jump-start your savings with BrioDirect’s Money Market Savings Account.
- No monthly maintenance or wire-in fees
- Online and mobile banking convenience for easy, 24/7 access
- Make up to six no-fee withdrawals or transfers each month via online banking or ACH
- E-statements so you can track it all
- The safety and security of FDIC insurance
Open a BrioDirect High-Yield Money Market Today: It’s Simple!
It’s easy to open a BrioDirect high-yield money market account: Complete an online account application right now in minutes. All you need is your contact information, driver’s license, passport or state I.D. and Social Security number.
Frequently Asked Questions
Why should I choose a BrioDirect high-yield money market?
You’ll get a no-fee Money Market account with a tiered structure that rewards you for higher balances.
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?
You just need your contact information, driver’s license, passport or state I.D. and Social Security number.
Are there transaction limitations with the BrioDirect high-yield money market account?
Yes. Like all money market accounts, you may only make up to six (6) surcharge-free withdrawals or transfers from your account per statement cycle. (If you exceed that limit, a $10 fee applies.)
Does the BrioDirect high-yield money market charge account maintenance fees?
No. There is no minimum balance fee, monthly maintenance fee, wire-in fee.
Can I access my money market funds via debit card?
You can link your money market account to your BrioDirect checking account’s MasterCard® debit card for even greater convenience.
Does the BrioDirect high-yield money market offer checks?
No, this account does not offer checks.
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.
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.)
How do I transfer money into, or out of, my BrioDirect online checking or savings account?
You can transfer funds between your BrioDirect 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.
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.
What is APY?
The annual percentage yield (APY) means a percentage rate reflecting the total amount of interest paid on the account, based on the interest rate and the frequency of compounding for a 365-day period. Simply put, APY is the projected interest earned if the account is untouched for the year.
I already have a deposit account with Webster Bank. How does this impact my FDIC insurance coverage?
Accounts that are opened via 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 not only the BrioDirect online savings, CD, or checking accounts that you maintain, but also all other accounts you maintain at Webster Bank. If you have a question about your FDIC insurance coverage, please call 877.369.BRIO and speak to a client service representative.