BrioDirect

Last Updated: 6/20/2025

Note: Interest rates below are reported as APY, or Annual Percentage Yield

Quick Views

High-Yield Savings Account: 4.30% APY(Rank 17 out of 74 tracked HYSAs)

Minimum Deposit: $5,000 | Online Only

National Savings Interest Rate: 0.42% (as of 5/19/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

Location: Jericho, New York

Founded: 2007

Affiliation: BrioDirect is the online brand of Webster Bank, N.A. (its holding company Webster Financial Corporation has been assigned this ticker symbol NYSE:WBS), and opening an account with BrioDirect will make you a Webster Bank client.

Access to Branches: None. You cannot make use of Webster Bank's branches.

BBB Rating: B- (Not BBB Accredited)

App Store Rating: 4.6/5

Google Play Rating: 4.4/5

Website: Visit BrioDirect

Our Take on BrioDirect

Highlights

High-Yield Savings Account offers a competitive APY of 4.30%.
No maintenance fees for the High-Yield Savings Account.
Account can be opened online with a minimum deposit of $5,000.
App Store rating is 4.6 and Google Play rating is 4.4.

Considerations

B- rating from BBB and not BBB Accredited.
Requires a minimum balance of $25 to avoid fees.
No physical branches available for in-person banking.
Direct deposit is not required but may limit options.

Summary: BrioDirect offers a High-Yield Savings Account with a competitive APY of 4.30%, requiring a $5,000 minimum deposit and no maintenance fees. However, it has a B- BBB rating and lacks physical branches, which may deter some savers. The account is online-only, and while direct deposit is not mandatory, it might restrict account features. Overall, it's a solid choice for those comfortable with online banking.

Savings Account

Savings Account Offered by BrioDirect

Feature	High-Yield Savings Account
APY	4.30% (as of 6/20/2025)
APY Trend	Stable for the last month
Minimum Deposit	$5,000
Minimum Balance for APY	$25
FDIC-insured	Yes
Online Only	Yes
Bundled Account	No
Direct Deposit Required	No
Compound Frequency	Daily
Maintenance Fee	$0
Eligibility	United States
No deposit agreement summary available for this bank.

Calculate Savings for BrioDirect

All calculations are based on APY.

Savings Product:

High-Yield Savings Account (APY: 4.30%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $215 (4.12%)
Total contributions: $0 (0.00%)
Initial deposit: $5,000 (95.88%)

Your total balance

$5,215.00

Effective APY: 4.30% (based on your deposit and contributions)

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

BrioDirect Savings Rates Over Time

Historical APY Insights

Metric	High-Yield Savings Account
Latest APY	4.30 %
Trend	Falling
Slope (bps/mo)	-7.7
Rate Changes / Mo	0.97
Days Since Last Change	33
High (-6 m)	4.85 %
Low (-6 m)	4.30 %
Draw-down from High	-11.3 %
Volatility (CV)	0.030

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 6 months (regression slope).
Slope (bps/mo): Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo: Typical number of APY moves per month.
Days Since Last Change: Recency of the latest APY adjustment.
High (-6 m): Highest APY in the last 186 days.
Low (-6 m): Lowest APY in the last 186 days.
Draw-down from High: How far today sits below the 6-month peak.
Volatility (CV): Coefficient of variation = stdev ÷ mean.

Why Track Savings-Account APYs?

See how quickly a bank reacts to Fed moves or competition.
Gauge “twitchiness” - frequent moves can annoy savers.
Spot if you're buying near a peak (draw-down) or riding a rise.
Slope (bps/mo) shows speed of change.
Volatility (CV) scales jumps by average level.

Compare BrioDirect's Savings Account

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Feature	BrioDirect	Select a bank...
Product	High-Yield Savings Account	N/A
APY	4.30% (as of 6/20/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	Yes	N/A
Compound Frequency	Daily	N/A
Minimum Deposit	$5,000	N/A
Minimum Balance for APY	$25	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A