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Bread Savings™ High-Yield Savings account review

A free savings account that earns 4% APY on your entire balance.’s rating: 4.3 / 5.0


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.

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Minimum deposit to open


Annual percentage yield (APY)4.00%
Minimum deposit to open$100
Minimum balance to earn interest$0
Interest compoundingDaily
Monthly transaction limit6

Review by

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.

Expert review

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.

5 steps to open a Bread Savings™ High-Yield Savings account

Bread Savings advertises that you can open an account in just a few minutes. To sign up:
  1. Go to the provider’s site and follow the steps to apply.
  2. Select the Bread Savings™ High-Yield Savings account and select Open in just minutes.
  3. Enter your basic information, including your name and email. Select Continue.
  4. Verify your email and confirm your identity by filling in your personal details, including your address and Social Security number.
  5. Input your bank information to transfer the opening deposit and follow the instructions to complete the application.


To open a Bread Savings™ High-Yield Savings account, you’ll need to meet these requirements:

  • At least 18 years old
  • US citizen or permanent resident

Required information

The savings account application will ask for your:

  • Full legal name
  • Email address
  • Phone number
  • Address
  • Social Security number
  • Bank account information
  • Government-issued ID

3 benefits of a Bread Savings™ High-Yield Savings account

Consider the following advantages of a Bread Savings™ High-Yield Savings account:

  1. No monthly maintenance fee. The Bread Savings™ High-Yield Savings account doesn’t have any recurring service fees.
  2. Fantastic interest rate. Enjoy 4% APY on your entire savings account balance. Your interest compounds daily and credits your account on a monthly basis.
  3. Free incoming wire transfers. While most banks charge for incoming wire transfers, Bread Savings Direct doesn’t.

4 things to look out for

Although this free account has a competitive interest rate, it comes with three distinct drawbacks:

  1. Minimum opening deposit. You’ll need to fund your Bread Savings™ High-Yield Savings account with at least $100.
  2. Limited customer service options. Since Bread Savings is a digital bank, your options for customer support are limited to phone, email and mail.
  3. New account rules. Although your deposits begin earning interest as soon as they’re received, funds may not be available for withdrawal within the first 30 days of opening your account. For example, both incoming ACH transfers and check deposits are generally available after 10 business days.
  4. Account maximums. Bread Savings imposes a $1 million maximum deposit limit for each account you have and a $10 million limit per customer.

Compare Bread Savings™ High-Yield Savings with other savings accounts

Use this table to compare other savings accounts by monthly fee and interest rate.

1 - 6 of 23
Name Product Annual Percentage Yield (APY) Minimum balance to earn interest Minimum deposit to open Offer Estimated total balance
American Express® High Yield Savings Account
Finder Rating: 4.6 / 5: ★★★★★
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.
CIT Bank Platinum Savings
Finder Rating: 3.8 / 5: ★★★★★
CIT Bank Platinum Savings



Earn 4.4% APY on balances of $5,000 or more. Open an account in five minutes or less. Easily manage your account with CIT’s mobile banking app. FDIC insured.
Patriot Bank High-Yield Money Market Deposit Account
Finder Rating: 4.9 / 5: ★★★★★
Patriot Bank High-Yield Money Market Deposit Account


Money market deposit accounts earn interest like savings accounts but also come with checks and debit cards. Earn 4.75% APY with Patriot Bank’s MMDA. Open an account online in under five minutes. $1 minimum deposit. FDIC insured.
Western Alliance Bank High Yield Savings Account through SaveBetter
Finder Rating: 4.9 / 5: ★★★★★
Western Alliance Bank High Yield Savings Account through SaveBetter


Get an impressive 4.75% APY, which is 13.5x higher than the national average. All with $0 fees and only a $1 minimum deposit required. FDIC insured.
U.S. Bank Elite Money Market
Finder Rating: 3.9 / 5: ★★★★★
U.S. Bank Elite Money Market




With a tiered interest rate, U.S. Bank Elite Money Market pays you more interest for higher balances. Earn 0.01% APY for balances under $25,000. Earn 3.50% APY for balances up to $499,999.99. Monthly fee is waived for a $10,000+ balance. Member FDIC.
Lemmata Savings Bank Money Market Account
Finder Rating: 4.6 / 5: ★★★★★
Lemmata Savings Bank Money Market Account


Get a competitive 4.55% APY with a $0 monthly fee. Open with as little as $1. FDIC insured.

How do I deposit or withdraw my money?

Bread Savings Direct focuses on digital banking and offers a handful of ways to access your money:

Funding options

  • ACH transfer
  • Incoming wire transfers
  • Check deposits via mobile check capture

Withdraw options

  • ACH transfer
  • Outgoing wire transfer for a $25 fee
  • Bread Savings check for a $15 fee

How to contact Bread Savings about my savings account?

You have three ways to connect with Bread Savings customer service:

  • Call 833-755-4354 weekdays from 7 a.m. to 11 p.m. CT and weekends plus most holidays from 9 a.m. to 5 p.m. CT.
  • Send a secure message through your online banking portal.
  • Write to Bread Savings Direct, PO Box 3900, Springfield MO 65808-3900.

Savings account ratings

★★★★★ — 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.

Read the full methodology of how we rate savings accounts.

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