LIVE
30Y FIXED6.85%↑ 0.02·15Y FIXED6.12%↓ 0.01·REFI 30Y6.78%↑ 0.01·HELOC9.20%0.00·JUMBO 30Y7.05%↑ 0.03·HYSA TOP4.85%↓ 0.05·12M CD5.10%0.00·24M CD4.85%↓ 0.02·5Y CD4.40%↑ 0.01·MMA TOP4.65%0.00·AUTO 60M NEW7.10%↓ 0.02·AUTO 60M USED8.45%↑ 0.04·PERSONAL EXC.8.20%0.00·10Y TREASURY4.32%↑ 0.01·30Y FIXED6.85%↑ 0.02·15Y FIXED6.12%↓ 0.01·REFI 30Y6.78%↑ 0.01·HELOC9.20%0.00·JUMBO 30Y7.05%↑ 0.03·HYSA TOP4.85%↓ 0.05·12M CD5.10%0.00·24M CD4.85%↓ 0.02·5Y CD4.40%↑ 0.01·MMA TOP4.65%0.00·AUTO 60M NEW7.10%↓ 0.02·AUTO 60M USED8.45%↑ 0.04·PERSONAL EXC.8.20%0.00·10Y TREASURY4.32%↑ 0.01·
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Savings Review

Bread Savings Review (2026)

Bread Savings offers 4.75% APY on a $100 minimum deposit with no monthly fees, plus one of the strongest online CD lineups available today. Here is a full breakdown.

By the Fintiex Rate Desk · Updated April 28, 2026
TL;DR
APY
4.75%
Min Deposit
$100
Monthly Fee
$0
Fintiex Score
8.7 / 10
Pros
  • + 4.75% APY, second highest in our tracked universe
  • + No monthly fees
  • + Strong CD lineup spanning 3 months to 5 years
  • + Decent mobile app on iOS and Android
  • + FDIC insured via Comenity Capital Bank
  • + Interest compounded daily, credited monthly
Cons
  • - $100 minimum deposit required (unlike Bask or Marcus)
  • - No checking account, no debit card
  • - Parent company Bread Financial is less recognized than Goldman or Ally

Overview

Bread Savings is a division of Comenity Capital Bank, which itself is a subsidiary of Bread Financial Holdings (formerly known as Alliance Data Systems). The bank is based in Salt Lake City, Utah, and is chartered as a state-chartered industrial bank regulated by the Utah Department of Financial Institutions and the FDIC. While the Bread Financial name may not carry the same recognition as Goldman Sachs or Ally, the underlying FDIC membership and regulatory standing are equivalent.

The high-yield savings account pays 4.75% APY with a modest $100 minimum deposit and no monthly fees. Interest accrues daily and posts to your account monthly. In addition to the savings account, Bread offers CDs at competitive rates across multiple terms, making it one of the only online banks where you can build a complete savings ladder under one login. Terms range from 3 months to 60 months, and CD rates are frequently at or near the top of national surveys.

The mobile app is functional and better than Bask's web-only interface, though it lacks the refined UX of Ally or Marcus. You can initiate transfers, check balances, view transaction history, and manage CD renewals from the app. Customer support is available by phone and email, with reasonable response times reported by users.

Rate History

Bread Savings has tracked the Federal Reserve rate cycle since its rebranding in 2022. The bank consistently ranks in the top five HYSA providers by APY across most comparison sites. Rates moved steadily upward through 2022 and 2023 alongside Fed hikes, and have stabilized in the 4.50-4.75% range since Q1 2025. The current 4.75% reflects no significant deviation from the Fed funds effective rate trend, and is expected to remain competitive through 2026 unless the Fed accelerates easing.

Fees and Limits

  • Monthly fee$0
  • Minimum opening deposit$100
  • Minimum balance for full APY$100
  • Outgoing wire fee$0
  • CD early withdrawal penaltyVaries by term

How to Open

Opening takes about five minutes at breadsavings.com. You will need a Social Security number, a government-issued ID, and an external bank account to fund the minimum $100 deposit. No hard credit inquiry is performed. Funding is ACH only, arriving in 1 to 3 business days.

  • Navigate to breadsavings.com and select Open an Account
  • Complete identity verification with SSN and ID
  • Link your external checking account via routing and account number
  • Transfer at least $100 to open and activate the full APY
  • Download the Bread Savings mobile app for ongoing management

App and Online Banking Experience

Bread Savings offers a dedicated mobile app on iOS and Android with solid core functionality: balance views, ACH transfer initiation, and CD management. The interface is clean but not exceptional. App Store ratings hover around 4.2 out of 5, with users generally praising reliability but noting the UI feels more utilitarian than polished. The web portal at breadsavings.com covers the same functionality for desktop users. For a savings-focused account where interaction frequency is low, the app is more than adequate.

FDIC Insurance and Safety

Bread Savings deposits are held by Comenity Capital Bank, Member FDIC. Standard coverage applies up to $250,000 per depositor, per ownership category. Bread Financial Holdings is publicly traded on the New York Stock Exchange under the ticker BFH and had total assets of roughly $18 billion as of late 2025. The industrial bank charter is a recognized and regulated structure with a long track record in the U.S. banking system.

Best for
  • Savers with a balance over $100 seeking a near-top APY
  • Anyone who wants to consolidate HYSA and CDs at the same bank
  • Rate-focused savers who want a mobile app but do not need full banking
Look elsewhere if
  • You cannot meet the $100 minimum (consider Bask or Marcus)
  • You need checking, ATM access, or a debit card
  • You want the absolute highest APY regardless of anything else (Bask is 10 bps higher)

How It Compares

Bank
APY
Min
CDs
Bask Bank
4.85%
$0
No
Bread Savings
4.75%
$100
Yes
Marcus
4.50%
$0
Yes

Frequently Asked Questions

Is Bread Savings safe?
Yes. Deposits are FDIC-insured through Comenity Capital Bank, a regulated industrial bank. Coverage is up to $250,000 per depositor, per ownership category.
What is the difference between Bread Savings and Bread Financial?
Bread Financial Holdings is the publicly traded parent company. Bread Savings is the consumer deposit product. Bread Financial also operates a credit card business under the Comenity brand.
Can I open a CD at Bread Savings?
Yes. Bread offers CDs across multiple terms from 3 months to 60 months. Rates are generally competitive and can be managed from the same login as your savings account.
How long does it take to transfer money out?
ACH transfers to a linked external bank typically settle in 1 to 3 business days. There is no instant transfer option.
What happens if I fall below the $100 minimum?
Bread Savings does not charge a fee if your balance dips below $100. However, the account terms specify $100 as the minimum deposit to open. Interest continues to accrue on any balance above $0.01.
Compare all HYSA rates See the full savings table