BrioDirect Bank

BrioDirect is one of the the best internet banks to think about if you're looking for low deposit requirements and attractive deposit rates. It provides high-yield savings accounts, high-yield money market accounts, and high-yield CDs in a range of terms. Furthermore, there are no ongoing maintenance costs. It also provides a checking account with interest. Customers of all income levels can open a BrioDirect account.

A CD can be opened for just $500, a money market account for just $100, and a savings or checking account for just $25. Both the money market and savings accounts at BrioDirect provide competitive interest rates. CD rates are also good. Earnings can easily be eaten up by fees, but not with BrioDirect. Because there are no monthly fees associated with the high-yield money market account or savings account with BrioDirect, your savings can grow at a rapid rate.

Pros:

• The account pays a competitive yield.
• The $25 minimum requirement is attainable to almost anyone.
• There’s no monthly service fee.

Cons:

• There may be some higher-yielding options available at other online banks.
• Some accounts don’t require a minimum deposit when opening.
• You need to maintain a minimum collected balance of $25 in order to earn interest in this account.

Website: https://www.briodirectbanking.com/
Bankrate Score Rating: 4.8/5.0