Best Online Savings Account for APY in 2025?

Our take: BrioDirect is a one-product bank. (It offers only a high-yield savings account.) It’s best for savers who value high returns over bells and whistles. With BrioDirect’s HYSA, you’ll earn one of the best APYs available with no monthly fees. But you’ll need $5,000 to open and can only move money online. If you’re fine with all of that, it’s a simple way to make your savings actually work for you. If not, check out our list of the best high-yield savings accounts.

High-Yield Savings Account

• Has one of the highest-earning savings accounts available
• No monthly fees
• Easy to open online

• Only has one product (a HYSA)
• You need at least $5,000 to bank with BrioDirect
• Must manage account through parent company’s mobile app

Type of bank	Online-only (no physical branches)
Products	High-yield savings account
FDIC insurance	Yes, up to $250,000 per depositor
Minimum deposit	$5,000 to open; $25 to earn interest
Mobile app	Webster Bank Mobile App
BBB rating	B- (not accredited)

Our take: Is BrioDirect a good bank?

BrioDirect earns 4.2 out of 5 stars from LendEDU and our Best High-APY Savings designation for one simple reason: It pays an excellent rate without burying you in fees. The 4.20% APY keeps pace with top competitors, and your money’s FDIC-insured through its parent company, Webster Bank N.A.

That said, BrioDirect is a single-product bank. There’s no checking account, CDs, or credit cards. Just one droolworthy high-yield savings account.

Table of Contents

BrioDirect’s products and services

Here’s a rundown of BrioDirect’s high-yield savings account.

BrioDirect High Yield Savings

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What to know

• Strong 4.20% APY that’s among the best online
• No monthly maintenance fees
• Backed by Webster Bank’s FDIC insurance
• Easy online application (takes just minutes)
• Only need a $25 minimum balance to earn interest

• $5,000 minimum opening deposit
• No checking account or ATM card

BrioDirect keeps things simple with one product. But trust us when we say this product is a good one. The 4.20% APY on its high-yield savings account consistently ranks near the top of the market, and there are no monthly fees or balance penalties to worry about. The main trade-off is accessibility: the only way to access your money is to transfer it to another account first.

APY	4.20%
Minimum opening deposit	$5,000
Monthly fees	None
ATM card availability?	Not available
Monthly withdrawal limits?	No
Interest compounding	Daily
Ways to deposit money	ACH transfer, mailed check, or wire transfer

How much could $10,000 make in a high-yield savings account with BrioDirect Bank?

Here’s roughly what your balance could look like over different time frames if BrioDirect’s savings rate stayed at 4.20% and you didn’t make additional deposits:

For perspective, a $10,000 balance in a typical big-bank savings account earning just 0.40% (the FDIC average) would grow to only about $10,040 after one year and $10,202 after five years. With BrioDirect, you’d earn nearly 10 times more interest in the same period simply by choosing a higher-rate account.

BrioDirect mobile app

BrioDirect doesn’t have its own app. Instead, customers use the Webster Bank Mobile App, since Brio is powered by Webster Bank.

The app earns 4.7/5 stars on the Apple App Store and 4.3/5 stars on Google Play (in October 2025).

Inside the app, you can:

• Check your balance
• Remote-deposit checks
• Transfer money between accounts or to another bank

Is BrioDirect safe and legit?

Yes, BrioDirect is a safe and legitimate place to bank. Its parent company (Webster Bank N.A.) is a well-established FDIC-insured institution that’s been around since 1935.

Similar to other major banks, your balance is protected up to $250,000 per depositor, per ownership category. Plus, Webster Bank uses encryption and multi-factor authentication to keep your account secure.

BrioDirect customer reviews and ratings

If you’re considering opening an account, you might wonder how BrioDirect reviews stack up. Here’s a rundown.

Customer reviews for BrioDirect are a bit mixed, which may have you on the fence. But here’s some context.

Its parent company, Webster Bank, has a few BBB complaints (mostly about slow service). But that’s a tiny fraction of its customer base.

Meanwhile, the Webster Bank Mobile App, which Brio users rely on, gets high marks in the app stores. Most reviews call it “easy,” “fast,” and “reliable,” which matches what you can expect day to day.

How to open a BrioDirect account

You can open a BrioDirect High-Yield Savings Account using these steps:

1. Go to BrioDirectBanking.com and select “Apply Now.”
2. Gather your info. You’ll need a valid photo ID (driver’s license, passport, or state ID), your Social Security number, and basic contact details.
3. Make your opening deposit. The minimum is $5,000, which you can fund via ACH transfer, check, or wire.
4. Maintain at least $25 in your account to keep earning the advertised APY.
5. Once approved, download the Webster Bank Mobile App to manage your account on the go.

If you need help with your BrioDirect account, you can contact customer service by calling 877-369-2746 any weekday from 8 a.m. to 8 p.m. Eastern and Saturdays from 8:30 a.m. to 3 p.m.

BrioDirect alternatives

BrioDirect offers one of the best savings rates you’ll find right now, but here’s how it compares to several of our team’s other picks for the best savings accounts.

BrioDirect vs. Capital One

BrioDirect’s APY easily beats Capital One’s rate (for its Online Savings account). But Capital One lets you open an account with $0. Capital One also has checking accounts, kids’ and teen savings options, and even physical cafés if you like in-person service.

BrioDirect vs. Barclays

Barclays’ online savings account earns a solid APY, but it’s lower than Brio’s. Both are online-only banks with no monthly fees or minimum balances, though Barclays also has online CDs.

BrioDirect vs. SoFi

SoFi is more of an all-in-one digital bank. Its savings account earns 4.50% APY (for six months with eligible direct deposit, then 3.80%), and it also comes with checking, debit cards, and bonuses up to $300 for new users.

BrioDirect’s 4.20% rate holds its own, especially since it doesn’t require direct deposit. But SoFi may make more sense if you want everything under one roof.

How we rated BrioDirect

We designed LendEDU’s editorial rating system to help readers find companies that offer the best bank accounts. Our system awards higher ratings to companies with affordable solutions, positive customer reviews, and online transparency of benefits and terms.

We compared BrioDirect to several banks, using hundreds of data points from company websites, public disclosures, customer reviews, and direct communication with company representatives. We weighted, scored, and combined each factor to produce a final editorial rating. This rating is expressed on a scale from 1 to 5, with 5 being the highest possible score. Our take is represented in our rating and best-for designation, recapped below.