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The Bread Savings™ High-Yield Savings account, previously known as Comenity High-Yield Savings account, is free to open and has no monthly maintenance fees. You’ll get 4% APY on your entire account balance once you meet the $100 opening deposit requirement. But your deposits may not be available for immediate use within the first 30 days of account opening.
Minimum deposit to open
|Annual percentage yield (APY)||4.00%|
|Minimum deposit to open||$100|
|Minimum balance to earn interest||$0|
|Monthly transaction limit||6|
Kimberly Ellis is a personal finance writer at Finder, specializing in banking and financial literacy. After teaching in public and private schools, Kimberly zeroed in on personal financial education to help families and kids develop lifelong money skills. She hails from New York City, graduating summa cum laude from Queens College with a BA in elementary education and mathematics, as well as a New York State teaching certificate. She’s also an aspiring polyglot, always in a book and forever on the hunt for the perfect classic red lipstick.
The Bread Savings™ High-Yield Savings account is best for customers who want a competitive interest rate. You’ll earn a competitive 4% APY no matter your balance. ACH transfers are free, so you can move your money between external bank accounts.
It’s surprising that Bread Savings doesn’t have a live chat customer service option — a common communication method for digital banks. So you’ll need to be comfortable calling Bread Savings Direct if you want immediate help with your account. Alternatively, you can always shoot the customer service team a message through your secure banking portal or send a letter to its PO Box.
To open a Bread Savings™ High-Yield Savings account, you’ll need to meet these requirements:
The savings account application will ask for your:
Consider the following advantages of a Bread Savings™ High-Yield Savings account:
Although this free account has a competitive interest rate, it comes with three distinct drawbacks:
Use this table to compare other savings accounts by monthly fee and interest rate.
You have three ways to connect with Bread Savings customer service:
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.
Bread Savings™ High-Yield Savings is not currently available on Finder
Have you considered American Express® High Yield Savings Account?
Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.
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