Briodirect certificate of deposit review

Do you want to see a complete review of the Briodirect certificate of deposit? From Responsible Economy we have carried out an analysis of all its features: interest rate, terms, fees and everything you need to know. You will also be able to see a comparison of the best certificates of deposit in the United States in 2023 and an explanatory video. Welcome!

Explicative video

We have made a video summarizing in a very simple way all the features of the Briodirect Certificate of deposit. If you like our content, don’t hesitate to support us with a subscription and thus receive videos every day:

YouTube video
Briodirect Certificate of deposit

Features

In this section we show you in detail each of the characteristics:

Interest rate

The interest rate of the certificates of deposit varies according to the terms chosen. Here is a table with the different terms and interest rates:

Maturity Ranges Rates up to
12 months5.25% APY
24 Months2.30% APY
36 Months2.45% APY
Briodirect certificate of deposit interest rate
Briodirect certificate of deposit rates

Briodirect offers a competitive certificate of deposit because you can get an interest rate of 5.25% APY.

Fees

Always look at the annual or monthly maintenance fees. This certificate of deposit has no maintenance fees and is free to open.

Minimum deposit

This certificate of deposit requires a minimum of $500.

Best certificate of deposit in 2023

We have made a ranking with the best certificates of deposit that we can open in the United States in 2023:

Logo capital One CDs
  • 5% APY
  • Minimum deposit: $0
  • Term: 11 months
  • Member FDIC
Marcus by Goldman Sachs
  • 4,40% APY
  • Minimum deposit: $5000
  • Term: 12 months
  • Member FDIC
CIT Bank Logo
  • 4,65% APY
  • Minimum deposit: $1000
  • Term: 13 months
  • Member FDIC
synchrony-bank-logo
  • 4,60% APY
  • Minimum deposit: $0
  • Term: 14 months
  • Member FDIC
Alliant Logo
  • 4,60% APY
  • Minimum deposit: $1000
  • Term: 12 months
  • Member FDIC
Bask bank logo
  • 4,55% APY
  • Minimum deposit: $1000
  • Term: 12 months
  • Member FDIC
Barclays Logo
  • 4,50% APY
  • Minimum deposit: $0
  • Term: 12 months
  • Member FDIC
BMO logo
  • 4,50% APY
  • Minimum deposit: $1000
  • Term: 12 months
  • Member FDIC

Pros and cons

After seeing all the features of the Briodirect certificate of deposit and which are the best CDs in the United States, we have made a table with all the advantages and disadvantages:

ProsCons
No feesMinimum deposit $500
5.25% APY
Pros and cons Briodirect certificate of deposit

Requirements

To open this certificate of deposit you must meet the following requirements:

  • Live in the United States
  • Must be over 18 years old
  • Have a Social Security
  • American account number

Conclusion

After our review, our conclusion is that Briodirect offers a competitive certificate of deposit because you can get up to an interest rate of up to 5.25% APY, it has no commissions and you can request a term of up to 36 months. On the other hand, the minimum deposit is $500.

Frequent questions

Now we answer all the questions you may have about the Briodirect certificate of deposit:

More information about Briodirect

Here is a table with information of interest about Briodirect:

InformationDescription
Websitehttps://www.briodirectbanking.com/
Twitterhttps://twitter.com/briodirect
Facebookhttps://www.facebook.com/BrioDirect
Interest information about Briodirect

Finally, we show you related content about certificates of deposit:

Updated the day 15 May, 2023 by Alfredo Barandiarán

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