Bread Financial high yield savings account
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FDIC Insured · No Fees · Competitive APY

BREAD SAVINGS
REVIEW 2026

Bread Savings (formerly Comenity Direct) is Bread Financial's online-only savings platform. No monthly fees. No minimum balance. FDIC-insured up to $250,000. Competitive APY on savings accounts and CDs.

Open a Bread Savings Account →
FDIC
Insured up to $250,000 per depositor
$0
Monthly Fees
No maintenance charges ever
$0
Minimum Balance
Open with any amount
100%
Online Management
No branches needed
Sources & References
Products Available

BREAD SAVINGS ACCOUNT OPTIONS

Bread Savings offers two main products: a high-yield savings account and certificates of deposit (CDs) with terms from 1 to 5 years.

Everyday Savings
High-Yield Savings Account
Access your money anytime · Competitive APY
✦ Competitive APY — consistently among top online banks
✦ No monthly maintenance fees
✦ No minimum opening deposit
✦ FDIC insured up to $250,000
✦ ACH transfers to/from external bank accounts
✦ Online account management 24/7
Locked-In Rate
Certificates of Deposit (CDs)
Fixed rate locked at opening · Terms 1–5 years
✦ Fixed APY guaranteed for the full term
✦ CD terms: 1, 2, 3, 4, and 5 years
✦ Higher rates than savings for longer terms
✦ FDIC insured up to $250,000
✦ Early withdrawal penalty applies if broken early
✦ Auto-renews at maturity (with grace period)
CD Rate Comparison

BREAD SAVINGS VS NATIONAL AVERAGE

Online-only banks like Bread Savings consistently outperform the national average. Here's how CD rates compare.

CD TermBread Savings APYNational Avg APYDifferenceMin Deposit
1 YearHighly Competitive~0.5%Significantly Higher$1,500
2 YearsHighly Competitive~0.5%Significantly Higher$1,500
3 YearsHighly Competitive~0.5%Significantly Higher$1,500
4 YearsHighly Competitive~0.5%Significantly Higher$1,500
5 YearsHighly Competitive~0.5%Significantly Higher$1,500

*APY rates change frequently. Visit breadfinancial.com for current rates. National averages sourced from FDIC data.

✓ Pros of Bread Savings
✓ Highly competitive APY vs national banks
✓ FDIC insured up to $250,000
✓ No monthly fees whatsoever
✓ No minimum balance requirement
✓ Simple online interface
✓ CD rates locked in at opening
✗ Cons of Bread Savings
✗ No physical branch locations
✗ No checking account or debit card
✗ No ATM access
✗ ACH transfers take 1–3 business days
✗ Early CD withdrawal penalty
✗ Limited to savings products only
Savings growth chart