Webster Bank, National Association
For information concerning Brio Direct, a division of Webster Bank online bank, please click here.
Webster Bank, National Association is an FDIC insured institution headquartered at
1959 Summer St, Stamford, CT 6905.
It was founded in
1870 and has approximately $67 billion in
assets. Customers can open an account at one of its 184 branches.
Deposit Rates - March 25, 2023
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
Savings
|
0.02% | $2,500 | Compare |
| CD RATES | APY | MIN | |
|---|---|---|---|
|
6 Mo CD
|
0.10% | $10,000 | Compare |
|
6 Mo CD
|
0.10% | $100,000 | Compare |
|
12 Mo CD
|
0.20% | $10,000 | Compare |
|
12 Mo CD
|
0.20% | $100,000 | Compare |
|
18 Mo CD
|
0.20% | $10,000 | Compare |
|
18 Mo CD
|
0.20% | $100,000 | Compare |
|
24 Mo CD
|
0.20% | $10,000 | Compare |
|
24 Mo CD
|
0.20% | $100,000 | Compare |
|
30 Mo CD
|
0.35% | $10,000 | Compare |
|
30 Mo CD
|
0.35% | $100,000 | Compare |
|
36 Mo CD
|
0.35% | $10,000 | Compare |
|
36 Mo CD
|
0.35% | $100,000 | Compare |
|
48 Mo CD
|
0.35% | $10,000 | Compare |
|
48 Mo CD
|
0.35% | $100,000 | Compare |
|
60 Mo CD
|
0.75% | $10,000 | Compare |
|
60 Mo CD
|
0.75% | $100,000 | Compare |
| MM RATES | APY | MIN | |
|---|---|---|---|
|
Money Market
|
0.01% | $2,500 | Compare |
|
Money Market
|
0.02% | $10,000 | Compare |
|
Money Market
|
0.02% | $25,000 | Compare |
| FIXED IRA RATES | APY | MIN |
|---|---|---|
|
Fixed IRA
|
0.20% | $1 |
| INT CHECKING RATES | APY | MIN |
|---|---|---|
|
Int Ckg
|
0.01% | $2,500 |
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Featured 30-Year Fixed Mortgage Rates
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Overview 2023
General Bank Information
| FDIC Insured | Yes |
| FDIC Certificate | # 18221 |
| Date Established | 1870 |
| Assets | $ 67.47 billion |
| Loans | $ 47.25 billion |
| Deposits | $ 54.32 billion |
| Capital | $ 8.35 billion |
Summary Balance Sheet
| ASSETS | |
| Cash & Balances due from depository institutions | $ 611.59 million |
| Interest-bearing balances | $ 455.28 million |
| Total securities | $ 14.59 billion |
| Federal funds sold and reverse repurchase | $ 0.38 million |
| Net loans and leases | $ 47.25 billion |
| Loan loss allowance | $ 574.33 million |
| Trading account assets | $ 16.61 million |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 2.11 million |
| Goodwill and other intangibles | $ 2.69 billion |
| All other assets | $ 3.15 billion |
| Total Assets | $ 60.60 billion |
| LIABILITIES | |
| Total deposits | $ 54.32 billion |
| Interest-bearing deposits | $ 40.37 billion |
| Deposits held in domestic offices | $ 54.27 billion |
| % insured (estimated) | 59.97% |
| Federal funds purchased and repurchase agreements | $ 1,265.41 million |
| Trading liabilities | $ 409.90 million |
| Other borrowed funds | $ 2.66 billion |
| Subordinated debt | N.A. |
| All other liabilities | $ 974.09 millionn |
| Total Liabilities | $ 60.60 billion |
| Shareholders’ Equity | $ 6.87 billion |
Summary Income Statement
| INCOME AND EXPENSES | |
| Total Interest Income | $ 1,553.90 million |
| Total Interest Expense | $ 87.94 million |
| Net interest income | $ 1,465.96 million |
| Provision for loan and lease losses | $ 237.62 million |
| Total non interest income | $ 325.67 million |
| Total non interest expense | $ 993.94 million |
| Pre-tax Net Operating Income | $ 250.30 million |
Customer Reviews for Webster Bank, National Association (8)
Rated 1.38 stars out of 5 - based on 8 reviews
Branches
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Webster Bank, National Association Locations
Savings Comparison
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES
Tax Rate: 30%
All calculations are for demonstration purposes only.
- 1LOCAL CDBankCONNECTICUT$50,0006 Month0.10%0.35x (National Avg. - 0.29%)$10,000-SCENARIO
Year Rate
0.10%Annual
InterestAnnual Interest
(After Tax)1 50,000 50 35 2 50,050 50 35 3 50,100 50 35 4 50,150 50 35 5 50,200 50 35 6 50,251 50 35 7 50,301 50 35 8 50,351 50 35 9 50,401 50 35 10 50,452 50 35 11 50,502 51 35 12 50,553 51 35 13 50,603 51 35 14 50,654 51 35 15 50,705 51 35 16 50,755 51 36 17 50,806 51 36 18 50,857 51 36 19 50,908 51 36 20 50,959 51 36 TOTAL $1,010 $707 - 2LOCAL CDOnline Bank-$50,00060 Month4.10%5.06x (National Avg. - 0.81%)$2,500-SCENARIO
Year Rate
4.10%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,050 1,435 2 52,050 2,134 1,494 3 54,184 2,222 1,555 4 56,406 2,313 1,619 5 58,718 2,407 1,685 6 61,126 2,506 1,754 7 63,632 2,609 1,826 8 66,241 2,716 1,901 9 68,957 2,827 1,979 10 71,784 2,943 2,060 11 74,727 3,064 2,145 12 77,791 3,189 2,233 13 80,980 3,320 2,324 14 84,300 3,456 2,419 15 87,757 3,598 2,519 16 91,355 3,746 2,622 17 95,100 3,899 2,729 18 98,999 4,059 2,841 19 103,058 4,225 2,958 20 107,284 4,399 3,079 TOTAL $61,682 $43,178 - 3LOCAL CDOnline Bank-$50,00024 Month4.30%7.76x (National Avg. - 0.55%)$2,500-SCENARIO
Year Rate
4.30%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,150 1,505 2 52,150 2,242 1,570 3 54,392 2,339 1,637 4 56,731 2,439 1,708 5 59,171 2,544 1,781 6 61,715 2,654 1,858 7 64,369 2,768 1,938 8 67,137 2,887 2,021 9 70,024 3,011 2,108 10 73,035 3,140 2,198 11 76,175 3,276 2,293 12 79,451 3,416 2,391 13 82,867 3,563 2,494 14 86,430 3,717 2,602 15 90,147 3,876 2,713 16 94,023 4,043 2,830 17 98,066 4,217 2,952 18 102,283 4,398 3,079 19 106,681 4,587 3,211 20 111,268 4,785 3,349 TOTAL $66,053 $46,237 - 4LOCAL CDOnline Bank-$50,00012 Month4.50%10.25x (National Avg. - 0.44%)$2,500-SCENARIO
Year Rate
4.50%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,250 1,575 2 52,250 2,351 1,646 3 54,601 2,457 1,720 4 57,058 2,568 1,797 5 59,626 2,683 1,878 6 62,309 2,804 1,963 7 65,113 2,930 2,051 8 68,043 3,062 2,143 9 71,105 3,200 2,240 10 74,305 3,344 2,341 11 77,648 3,494 2,446 12 81,143 3,651 2,556 13 84,794 3,816 2,671 14 88,610 3,987 2,791 15 92,597 4,167 2,917 16 96,764 4,354 3,048 17 101,119 4,550 3,185 18 105,669 4,755 3,329 19 110,424 4,969 3,478 20 115,393 5,193 3,635 TOTAL $70,586 $49,410
5Bme
December 12, 2022 |
Provides a level of service and nonsense which would never be acceptable from a brick-and-mortar bank so it doesn't work for an online bank either.
JP
December 2, 2022 |
One to avoid the entire way around.
Karrie693
November 22, 2022 |
I moved all my money out as saving rates are for new customers only. Website is terrible,
JoeyinNJ
November 14, 2022 |
First the good: CSR is immediate and the young ladies who answer the phone are incredibly nice. Then the bad: Just about everything else- changing rates only for new customers, 6 day transfer delays (easily defeated through external transfers, but why?), website that looks like a 1st graders project, etc. I love the rate, even though they are not always competitive, but I've decided that I cannot trust my money to them. (and I can beat these rates in US Treasuries anyway).
1Will1984
November 12, 2022 |
I've been an account holder since the spring. I went through the period where they changed the name and only gave the new rate to new customers or those opening a new account. I only caught it because of ratesandinfo and would have been still earning 2.15% had it not been for this site (I imagine many are still only catching it now). I had to call once for some info or something and CSR was helpful. So that is all fine. What really gets me though is the transfer delays and the crappy website. With this, I have this alternating feeling that I have either dealing with some well-intentioned jokers in a back room in Queens or some con artists in downtown Brooklyn. I don't really want to stick around to find out for an extra 0.15%.
cerxes
October 23, 2022 |
Do not open an account with this bank. They are still charging exorbitant fees for more than 6 withdrawals per statement cycle, even though those rules have been suspended by the US treasury. Brio's cycle is from the 15th of the month. Everything counts, including trial deposits. Got me for $60 and then when I called and complained they offered to split the difference. Find a different online bank!
JennyNYC
October 18, 2022 |
Hello! I opened an account at this bank a few months ago when it was the best rate around. I was pissed when they raised rates for new customers and left me at 2.15% but that was corrected with a call. Then yesterday, we were speaking about these online accounts in the office and my cubicle-mate told me that Brio Direct used to be called Sterling National. Sterling National is the bank that ripped off cab drivers and convinced them to pay $1 1/2 million for medallions in New York, Chicago and maybe some other cities. The entire thing was a scam that left these poor folks indebted to the bank for the last 7-8 years, until the City of New York (us, the taxpayers) came to bail everyone out earlier this year. Needless to say, I am closing my account. The moral of my story is know who you are facilitating and what kind of awful behavior they are engaged in. I won't bank with Chase and Citi and Goldman Sachs due to their oil and gas lending but now I can add these guys to list.
yapper
October 13, 2022 |
Hold time are just outrageous. I don't know where it ends. Been on hold for hours. In fact, I am still on hold and it is the middle of the day!