BrioDirect High-Yield Savings and CDs Review

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Updated on Friday, May 29, 2020

BrioDirect is an online brand of Sterling National Bank, a brick-and-mortar bank based out of New York. By being online-only, BrioDirect is able to reduce its costs and potentially offer better deals for its customers. BrioDirect does not offer all the Sterling bank account types though, and only has two products: a high-yield savings account and CDs. Both accounts pay out respectable interest rates — especially compared with the returns at large national banks.

Our BrioDirect bank review covers the product details, along with the pros and cons, so you can decide if BrioDirect is the right place for your money.

BrioDirect High-Yield Savings account


Minimum opening deposit

Monthly fee


Between a competitive interest rate, a low opening deposit requirement and minimal fees, the BrioDirect savings account is an excellent choice. However, it’s not the most accessible account, as it doesn’t come with a debit card and you can only take out money through bank transfers.


The Brio Direct savings account pays an excellent interest rate, competitive with the best online savings accounts on the market today. This high rate applies to all balances, large and small. You won’t earn more by depositing more but the upside is that even small accounts can earn a high rate. The only requirement is that you need to keep a balance of at least $25 in your account to earn interest.

Fees and minimums

The minimum opening deposit requirement for a Brio Direct high yield savings account is just $25. This account does not charge a monthly maintenance fee. If your balance falls below $25, you stop earning interest but there is no charge.

If you overdraft the account, BrioDirect charges $35 per overdraft/insufficient funds transaction. Since this is a savings account, you are limited to six withdrawals per statement cycle under the rules of Federal Regulation D. If you make more than six transactions, you will be charged $10 per excess transaction.

Transfers and limits

To deposit money into a BrioDirect Savings account, you can set up an ACH transfer from another bank account, send a check or make a wire transfer. Once your account is open, you can withdraw funds to another bank account by using the Sterling National Bank online banking portal or by calling the bank’s customer service hotline.

Since this is a savings account, you will face a $10 charge per excess transaction beyond the six withdrawals allowed per statement cycle mentioned above.

FDIC insurance

Considering BrioDirect is part of Sterling National Bank, you may be wondering whether Sterling Bank is FDIC-insured and if that applies to BrioDirect. The answer is yes, accounts at both organizations are insured by the FDIC to protect your deposits.

One point to keep in mind is that the FDIC maximum insurance limit applies to your combined account balances from both organizations. Now, since the FDIC limit is $250,000 per individual at an institution, this won’t be a problem unless you plan on having a six-figure balance. But if you do, make sure that your account balance combined at both organizations does not go over the FDIC limit.

Account accessibility

BrioDirect’s saving account offers online access through its website and mobile app. With these tools, you can check your balance and transfer funds to other accounts, like to a Sterling Bank savings account. However, Brio Direct Bank does not offer a debit card for ATM access. If you want to make a cash withdrawal, you’ll need to transfer money to another account first.

You also cannot service your account in person at a Sterling National Bank branch. For help, you need to either handle things online or by calling the customer service line.

BrioDirect High-Yield CDs

BrioDirect has a solid variety of short- and long-term CDs. The Brio CD rates are mostly competitive, especially compared with those at national banks, but they don’t quite match the very best online offers.

Rates and terms



30 day0.05%
3 month0.25%
5 month0.15%
9 month0.30%
12 month0.45%
18 month0.45%
24 month0.45%
30 month0.45%
36 month0.45%
48 month0.45%
60 month0.45%

The BrioDirect CDs come in terms ranging as short as 30 days to as long as five years. They are all traditional, fixed-rate CDs. They do not offer specialty products, like a bump-up CD that lets you increase the interest rate partway through the term.

The Brio Bank CD rates are mostly decent, except for their 30-day term, which is very low. However, while the Brio CD rates are respectable, you could potentially find even better rates with some of the best online CDs on the market today.

Minimum opening deposit

You must deposit at least $500 to open one of the BrioDirect CDs. It’s the same minimum opening deposit for any of the CD terms. If you make an early withdrawal and your balance falls below $500 for more than 20 days, the bank could close your account.

Early withdrawal penalties

You can withdraw your interest out of a BrioDirect CD before the end of the term without owing a penalty, though it will reduce your total earnings below the quoted APY. If you try to withdraw any of your deposit before your CD matures, BrioDirect will charge an early withdrawal penalty. The penalty depends on your CD term:

CD term


Terms of 30 days or less30 days’ interest
Terms of 12 months or less90 days’ interest
Terms of 18 months or more but less than 60 months9 months’ interest
Terms of 60 months or more12 months’ interest

BrioDirect will charge the interest penalty even if it’s more than what you’ve earned. In other words, the bank could deduct the penalty from your initial deposit.

FDIC insurance

The BrioDirect CDs are also covered by FDIC insurance. However, since BrioDirect is part of Sterling National Bank, the limit applies to your deposit accounts at both institutions. FDIC insurance goes up to $250,000 per individual per bank. So long as your total balance in CDs and other deposit accounts at both organizations is below $250,000, you’re fully covered by FDIC insurance.

BrioDirect pros and cons


  • Competitive interest rates: The Brio Direct high yield savings rate is one of the highest on the market today, and is competitive even with the best online accounts. While the bank’s CD rates aren’t quite as high, they are still respectable for most terms.
  • Low deposit requirements: It only takes $25 to open a BrioDirect Savings account and $500 to open a CD, which is lower than the typical large lender. The bank’s accounts can be a good choice for customers with smaller balances.
  • Minimal fees on the savings account: The BrioDirect savings account does not charge a monthly maintenance fee. If your balance falls below $25, all that happens is you stop earning interest.


  • Lack of ATM access: The BrioDirect savings account does not come with a debit card. To withdraw cash, you’ll have to transfer funds to another account first, so your money is not immediately accessible.
  • Costly CD early withdrawal penalties: All the BrioDirect CDs charge early withdrawal penalties and they can be fairly steep, up to a full year of interest. BrioDirect does not let you withdraw any of your deposit without charging the penalty so make sure you can commit to the full term before signing on.
  • No in-person customer support: Since BrioDirect is an online bank, you can only get support through the website or over the phone. Even though BrioDirect is part of Sterling National Bank, you can’t visit a branch for in-person support.

How to open a BrioDirect Bank account

To open a BrioDirect Bank account, you apply through the bank’s website. You’ll need to provide your name, contact information, Social Security number and a form of ID like your passport, driver’s license or State ID. Since this is an online account, you can apply from anywhere in the United States.

You’ll need to make your opening deposit to complete the process of opening your account. BrioDirect suggests that you make the initial deposit by ACH transfer from an existing checking or savings account, but you can also deposit funds through wire transfer or by check. The bank’s website states it should only take a few minutes. Then, BrioDirect reviews the information to finish setting up your account.

Who is BrioDirect best for?

If you are comfortable with an online-only bank, BrioDirect could be an excellent choice. The bank’s high yield savings account is particularly impressive since there’s no monthly fee and the interest rate is competitive with nearly any account out there.

BrioDirect could also be a good fit for existing Sterling National Bank customers as they could manage both accounts through the same organization. If you’re on the fence about being a joint customer, this Sterling National Bank review can explain what the bank offers along with BrioDirect.

On the other hand, BrioDirect is not suitable for someone who needs fast and regular access to their money. Its savings account does not come with a debit card so to take money out, you need to make a transfer to another bank account, which takes time.

BrioDirect is also not a top choice for CDs. While its offers are decent, someone researching online could likely find a better offer. Finally, as an online-only bank, BrioDirect is not a good choice for someone who wants face-to-face customer service.