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BrioDirect Review 2022

Published January 2022 by Karen Bennett

AT A GLANCE
4.8

Bankrate Score

bank-logo

ATM fee refunds

High APYs

No monthly fees

BrioDirect is best for people looking for an online bank that offers a competitive yield on a savings account, money market account and CDs.

  • Savings
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    5.0
  • MMAs
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    4.9
  • Checking
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    4.6
  • CDs
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    4.5
  • MORE HIGH-YIELD OPTIONS
    MORE HIGH-YIELD OPTIONS
    Valley Direct

    Member FDIC

    Savings account

    0.55 % APY

    $ 1

    Min. balance for APY

    Goldman Sachs Bank USA

    Member FDIC

    Savings account

    0.50 % APY

    $ 0

    Min. balance for APY

    American Express National Bank

    Member FDIC

    Savings account

    0.50 % APY

    $ 1

    Min. balance for APY

    Overall

    4.8

    Bankrate Score

    BrioDirect is an online bank that offers multiple CDs, a money market account, a checking account and a savings account.

    What we like

    • BrioDirect offers competitive yields on its deposit products.

    • All deposit accounts have low minimum deposit requirements to open.

    • Checking customers get up to $20 in ATM fee reimbursements each statement cycle.

    What we don't

    • There’s no check-writing for the bank's money market or checking accounts.

    Savings accounts

    5.0

    Bankrate Score

    OTHER SAVINGS OFFERS YOU MAY LIKE
    Valley Direct

    Member FDIC

    Savings account

    0.55 % APY

    $ 1

    Min. balance for APY

    BrioDirect’s high-yield savings account pays a very competitive yield compared to what’s available at other institutions. Only $25 is required to open the account and earn interest, and it doesn’t charge a monthly service fee.

    What we like

    • The account pays a very competitive yield.

    • The $25 minimum requirement is attainable to almost anyone.

    • There’s no monthly service fee.

    What we don't

    • There may be some higher-yielding options available at other online banks.

    • Some accounts don’t require a minimum deposit when opening.

    • You need to maintain a minimum collected balance of $25 in order to earn interest in this account.

    Money market accounts

    4.9

    Bankrate Score

    BrioDirect’s money market account pays one of the top APYs nationwide. And the minimum balance required to open the account and earn interest is only $100; many banks require at least $25,000. There’s also no monthly fee tied to this account.

    One minor con for this account, though: It doesn’t offer check-writing. Customers who want to write checks from their money market account will need to shop around.

    What we like

    • The account pays one of the top APYs nationwide.

    • The minimum deposit to open the account is only $100.

    • There’s no monthly service fee.

    What we don't

    • This account doesn’t offer check-writing.

    Checking accounts

    4.6

    Bankrate Score

    OTHER CHECKING OFFERS YOU MAY LIKE
    Quontic Bank

    Member FDIC

    Checking account

    1.01 % APY

    $ 100

    To open

    $ 0

    To avoid fees

    BrioDirect’s checking account doesn’t charge a monthly maintenance or minimum balance fee. Customers will only need $25 to open the account, as well. The account even pays a little bit of interest, though it’s modest. Those with balances of at least $25,000 will earn a higher rate as well.

    Customers get surcharge-free access to more than 32,000 ATMs, and the bank will reimburse up to $20 for ATM surcharges each statement cycle.

    The BrioDirect checking account doesn’t offer check-writing, however.

    What we like

    • There are no monthly fees or minimum balance fees.

    • Customers can access 32,000 fee-free ATMs.

    • BrioDirect reimburses ATM surcharges up to a limit.

    What we don't

    • This account doesn’t offer check-writing.

    CD rates

    4.5

    Bankrate Score

    OTHER CD OFFERS YOU MAY LIKE
    Goldman Sachs Bank USA

    Member FDIC

    CD

    0.55 % APY

    9mo

    Term

    $ 500

    Min. deposit

    BrioDirect offers a wide range of CDs with terms from 30 days to five years. All BrioDirect CDs require just $500 to open. The majority of the CDs pay competitive yields, though savers searching for the absolute best yields can find better APYs if they shop around.

    BrioDirect makes it very easy to find the bank’s early withdrawal penalties, which range from 30 days to 12 months of interest, depending on the CD term length.

    What we like

    • BrioDirect offers a competitive yield on most of its CDs.

    • All CDs require only $500 to open.

    • Consumers don’t have to hunt to find early withdrawal penalty info.

    What we don't

    • While APYs are competitive, consumers can find slightly higher yields elsewhere.

    Bank experience

    BrioDirect customer service is available on weekdays from 8 a.m. to 8 p.m. Eastern and on Saturdays from 8:30 a.m. to 3 p.m.

    Customers can access their account through the BrioDirect app. The app receives a high rating for its iOS app, though the Google app rating is a little lower. Customers can also send and receive money with Zelle and Popmoney.

    BrioDirect offers surcharge-free access to more than 32,000 ATMs through the MoneyPass network.

    About BrioDirect

    BrioDirect is an online sub-brand of Sterling National Bank, which has a history dating back to Provident Savings, a Federal Savings and Loan Association in 1895.

    BrioDirect offers a savings account, money market account and a range of CDs.

    Karen Bennett Twitter Created with Sketch. @

    Karen Bennett Twitter Created with Sketch. @

    Karen Bennett is a consumer banking reporter at Bankrate. She uses her finance writing background to help readers learn more about savings and checking accounts, CDs, and other financial matters. Karen brings decades of writing and reporting experience to the table, including the roles of credit cards writer for travel website Million Mile Secrets and money and career writer for The Cheat Sheet. Her work has also appeared in USA Today, Illinois Legal Times, and several Chicago, Milwaukee, and Washington, D.C. newspapers. In addition, she’s worked in the areas of marketing and business development, and she was product manager for a consumer money-saving website. When she’s not writing Bankrate articles, she can often be found cheering her kids on at soccer games, cooking and reading up on saving for retirement and other personal finance topics.