Brix Direct, a division of Cross River Bank:
Online Certificate of Deposit - 0.20% APY
• Minimum deposit to open account and minimum balance to obtain APY is $50,000 for all customers.
• Interested will be compounded daily and will be credited to the account monthly
• For CDs with terms of 3, 6, 9 months or 1-year the fee will be equal 91 days interest on the amount withdrawn subject to penalty. For CDs with terms of greater than 1 year, the fee will be equal 182 days interest on the amount withdrawn subject to penalty. (In certain circumstances the law permits or may require the waiver of the early withdrawal penalty).
Fee and Feature Guide
| Certificate of Deposit | |
|---|---|
| Interest Rate | |
| APY | 0.20% |
| Term Length | 12 Month |
| Minimum deposit amount | $50,000.00 |
| Maximum deposit amount | N/A |
| Balance Requirements | |
| Minimum Opening Deposit | $50,000.00 |
| Minimum Balance to Avoid Fees | $0.00 |
| Minimum Required Balance | $0.00 |
| Fees | |
| Early withdrawal penalty | 91 days interest |
| Monthly Maintenance Fee | N/A |
| Foreign ATM Fees | N/A |
| Insufficient Funds Fee | N/A |
| Incoming Wires | N/A |
| Statements | |
| Paper Statements | Yes |
| Online Statements | Yes |
| Online and Telephone Banking | |
| Online Banking | Yes |
| Telephone Banking | Yes |
| Mobile Banking | Yes |
| Deposit Checks with Mobile Device | Yes |
| Free Bill Pay | Yes |
| Online Bill Payments Required | Yes |
| Account Opening | |
| Open Online | Yes |
| Insured by | F.D.I.C. |
Customer Reviews for Brix Direct, a division of Cross River Bank
Savvysaver
April 28, 2020
Party's over, folks. One year CD, minimum $50k now yields just 1.41%.
Is this review helpful? Yes:1 / No: 0
Frank
April 27, 2020
I tried for 3 days to open an account.
I called the help center it took at least a day to get a retutn call.
The first two calls were not informative.
I got a call on Sunday and my question was answered.
Brix direct cannot take an ach from Fidelity invt, one of the largest money managers on the planet. They should make that clear in their instructions.
Is this review helpful? Yes:1 / No: 0
Savvysaver
April 26, 2020 |
Update: Received "Day 1" and "Day 2" emails from Brix/CR (a little strange) - now some undesirable elements are laid bare. Seems, at the present anyway, one would need to print a beneficiary form (paper!), complete it (ink!) and mail it in (USPS!) Same for linking an external bank for ACH transfers - one might imagine such a link would exist for the required funding bank, seems it does not. Sincerely hope the absurdity of this will come to light and elicit some changes. For now taking the good with the bad.
Is this review helpful? Yes:2 / No: 1
Savvysaver
April 24, 2020 |
Opened a one year, 2.28 APY CD yesterday. No trouble whatsoever. Seamless, intuitive website. Pages loaded quickly, layout clean and concise. Couldn't be happier!
Is this review helpful? Yes:1 / No: 0
exWFB108
April 24, 2020 |
They just went live with BrixDirect this month and had some issues early on. I just used their website and opened and funded a new 12 mo. CD in a matter of minutes. Once opened, it took only a few minutes to add a joint owner. So far, the best of the online banks I have experienced.
Is this review helpful? Yes:0 / No: 0
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