Brio Direct, a division of Sterling National Bank

Deposit Rates APY Vs.Others
Savings 0.90% 1.20% →
1-Year CD 0.65% 1.10% →
2-Year CD N.A. 1.15% →
3-Year CD N.A. 1.26% →
4-Year CD N.A. 1.31% →
5-Year CD N.A. 1.56% →

2020 Overview

General Online Bank Information

Money that you deposit is held by Sterling National Bank. Sterling National Bank is an FDIC insured institution founded in 1895. It has approximately $30.26 billion in assets.

Deposits FDIC Insured Yes
Insured Bank Sterling National Bank
FDIC Certificate # 30337
Date Established 1895
Assets $30.26 billion
Loans $21.39 billion
Deposits $22.91 billion
Capital $4.54 billion

For a more detailed analysis of Sterling National Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 3, 2020

Online Savings and Money Market Rates
Online Savings and Money Market Rates APY MIN MAX
High Yield Savings
0.90% $25 - Learn More
Online CD Rates
Online CD Rates APY MIN MAX
9 Month CD
0.30% $500 - Learn More
12-Month CD
0.65% $500 - Learn More

Bank Offers

Brio Direct Lowers Online Savings Rate to 2.10% APY
Dec 12, 2019

Brio Direct, a division of Sterling National Bank, has lowered its online savings rate from 2.20% to 2.10% APY.   This is the most recent is a series or quick and successive rate drops at this bank.   While the rate is still very competitive, this bank is so poorly reviewed on BestCashCow that depositors may want to think twice before chasing their savings rate.

Brio Direct, a division of Sterling National Bank Articles

View all articles with Brio Direct, a division of Sterling National Bank →

Customer Reviews for Brio Direct, a division of Sterling National Bank (26)

  • April 03, 2020 |

    The single worst banking experience of my life. Less than a month after my first deposit, this bank froze my account and completely removed it from my online view. I cannot access the money whatsoever. They will not let me withdraw it. They will not let me close the account. For 4 days now I have had no access to the account and after hours and hours on the phone, not one person can even explain to me why they have restricted the account or what can be done to unfreeze it. I've been promised call backs that never came. I've had to file a complaint with the Office of the Comptroller of Currency. I've never seen anything like this. This bank needs to be shut down.

  • March 12, 2020 |

    Online Savings Rates

    Have no problem getting interest or having money taking out

  • March 01, 2020 |

    Ok, I read A LOT of reviews on Sterling (Brio) that made me wary of it, but with one of the highest interest rates out there I tried it to see how bad it really was.

    CONS 1st
    1) I started with an initial deposit of $25 which did take over a week to process. WORK AROUND: I use Ally as my other high-interest yield bank. I have been doing all deposits in and withdrawals out from the Ally website and the processing days are 1-3 days until it shows up either in my Brio or Ally account. ALWAYS use the external bank to do the transfer/withdrawal
    2) Nowhere does Brio give you your account number when you sign up/ nor is it on the statements. I had to call to get my account number, if you don't write it down you'll have to call again. Write it down!
    3) The interest rate has been dropping. Currently, it is 2.0%. There is not much control over this is the Fed cuts rates, but 2.0% is still an industry leader right now.

    All in all, it's working for me. I got a great interest credit last month. The biggest thing I recommend if you do use Brio is do EVERYTHING through your external bank that you link with Brio. It has its flaws sure but for me, it's easy enough for 2% interest.

  • February 24, 2020 |

    easy application process, at least as easy as other online high yield banks. I did not have to provide more documentation than other banks.
    Initial deposit did take a week to clear, but after setting up transfers with another bank, subsequent transfers were quick and easy.
    And the very best yields for the past 12 months.

  • February 06, 2020 |

    Online Savings Rates

    Worst high yield savings account I have ever seen. When you fund the account, they take your money and keep it for a week without giving you nay interest for those days!
    Avoid this bank!

Add Your Review

Rate it here →