Update 1/5/2020: Rate has been reduced to 2.1% APY from 2.3% APY (not 100% sure when this change occurred).
Update 10/10/19: Rate has been reduced from 2.46% to 2.3% APY.
Offer at a glance
- Interest Rate: 2.3%
- Minimum Balance: $25
- Maximum Balance: $250,000 (FDIC limit)
- Availability: Nationwide
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Insured: FDIC
- Brio Direct is offering 2.46% APY on their high-yield savings account.
This account has no monthly fees to worry about
This is the current highest basic savings account rate. I think this is a new offering, so not sure if the rate will remain competitive or not (always a concern when rate chasing). We also don’t know if it’s a hard or soft pull to open.