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finder.com’s rating: 4.4 / 5.0
★★★★★
As the digital brand of Sterling National Bank, BrioDirect offers an FDIC-insured high-yield savings account. With this savings account, you won’t need to worry about keeping a minimum balance to earn the 1% APY. But it has limited deposit and withdrawal options.
1.00%
APY
$0
Fee
$25
Minimum deposit to open
Annual percentage yield (APY) | 1.00% |
---|---|
Fee | $0 |
Minimum deposit to open | $25 |
Minimum balance to earn interest | $25 |
Interest compounding | Daily |
Monthly transaction limit | 6 |
Fee per transaction over the limit | $10 |
Review by
Michael Benninger is a staff banking writer at Finder. He is a former credit analyst and longtime freelancer whose articles have been published by Intuit, Business Insider and the Los Angeles Times. Michael is passionate about all facets of personal finance and has written hundreds of articles about money management during the past decade.
But if you’re hoping to deposit or withdraw cash from your account on an ongoing basis, BrioDirect isn’t right for you. If having instant access to cash is important to you, you’ll want to look for a savings account that comes with an ATM card like Alliant’s High-Rate Savings account or a money market account that works like a checking and savings account.
Open a savings account with BrioDirect in five steps:
To open a savings account with BrioDirect, you’ll need to satisfy the following eligibility criteria:
The application process requires you to enter personal and financial information, including:
This account is FDIC insured and has no monthly fees. It also offers the following perks:
The BrioDirect High-Yield Savings account has its drawbacks:
There are three ways to transfer funds into and out of your account:
Besides high-yield savings accounts, BrioDirect offers two other ways to help you build your wealth.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.