Brio Direct Bank – 2.1% APY High Yield Savings Account

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

The Offer

Direct link to offer

  • Brio Direct is offering 2.46% APY on their high-yield savings account.

Avoiding Fees

This account has no monthly fees to worry about

Our Verdict

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.

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Schmekel
Schmekel

Brio has a new product as of this week – Money Market Savings.

With 25k minimum it pays 0.65% APY.

Beit-n-Switch
Beit-n-Switch

Now 0.45%

Chris
Chris

Rate is 0.65 now, I’m closing this account out, there’s no point in keeping it.

midas89
midas89

Rate dropped to 1.10% APY

midas89
midas89

Brio dropped to 1.55%

Bruce
Bruce

Brio is now 1.65%

midas89
midas89

Brio dropped to 1.85%

Schmekel
Schmekel

Brio Direct site showing 2.00% APY for their High Yield Savings account.
My account shows 1.98% which must be the rate, with an APY of 2.00%.

pjb4
pjb4

Why does bottom of page says this at Brio Link when we click?
“In the event of withdrawal before stated maturity, an early withdrawal penalty will be imposed.”

thoughts?
Thanks!

midas89
midas89

Since Brio’s latest rate drop is not on this page yet, here it is: Rate is currently 2.05% APY.