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Bread Savings CDs rates

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Bread Savings CDs
3.8
★★★★★
Finder score
1-year APY
5.25%
3-year APY
4.25%
5-year APY
4.15%

Summary

Earn a high APY, but with a $1,500 minimum deposit.

Bread Savings CDs, previously known as Comenity CDs, offer strong interest rates, with its 1-year CD offering a strong 5.25% APY. But as the shortest CD term available, it has a high opening deposit of $1,500.

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Overview of Bread Savings CDs rates

While most banks offer higher interest rates the longer you’re willing to lock your money away, Bread Savings CDs give you higher rates on its shorter terms. Your interest is calculated and compounded daily, meaning your money makes money every day. But you’ll need to deposit at least $1,500 to open an account.

CD TermAPYMinimum Deposit
1 year5.25%$1,500
2 years4.65%$1,500
3 years4.25%$1,500
4 years4.15%$1,500
5 years4.15%$1,500

More about Bread Savings CDs: Deposits, fees and details

What it isDetailsDoes it matter
Minimum deposit$1,500A $1,500 is higher than other banks, especially compared to CDs with $0 or $500 opening deposit requirements.
Term range1 to 5 yearsBread Financial offers five common term lengths, but other banks offer as many as 11-term options with CDs as short as 3 months and as high as 7 years
Grace period10 daysThis is similar to other banks.
CashoutBread Financial sends your Maturity Notice 20 days before the end of your CD term. During the grace period, you can withdraw your money through:
  • $0 ACH transfer
  • $15 bank check
  • $25 outgoing wire transfer
Bread Financial’s official check fee is higher than other banks, especially when many banks don’t charge a fee if you want to cash out via check.
RolloverIf you don’t contact Bread Financial during the 10-day grace period to cash out, your CD will automatically renew into a new CD.

If Bread Financial sends you a written notice that it’s not renewing your CD, and you don’t contact it during the 10-day grace period,your funds might get transferred to an Online Savings Account.

Automatic renewal is similar to other banks.

Early withdrawal penalties

Choose to withdraw your earned interest during the life of your CD account. But if you withdraw your principal, you’ll pay a penalty fee, which is kinder than other banks.

CD TermEarly withdrawal fee
1 year6 months’ worth of interest
2 years6 months’ worth of interest
3 years6 months’ worth of interest
4 years1 years’ worth of interest
5 years1 years’ worth of interest

How Bread Savings CDs and rates compare

Ranging from 4.15% to 5.25% APY, Bread Savings CDs rates are some of the best in the business. The interest rate on all five of its CDs is among the highest on the market, beating out competitors like Ally and Quontic.

But to offset its higher interest rate, Bread Savings requires $1,500 to open an account — a higher opening deposit than what you’ll find at other banks that offer deposits as low as $0 to $500.

Fortunately, its early withdrawal penalties are kinder than some of its competitors, so you could still access your cash in an emergency.

Not sure Bread Savings is the right choice? See our list of the best CD rates on the market.

Compare Bread Savings to competitor rates

Narrow down top CDs by APY and minimum deposits to find one that meets your financial needs. Select Compare to see how up to four products stack up against each other.

Name Product 6-month APY 1-year APY 5-year APY Minimum deposit to open
Crescent Bank CDs
Finder Rating: 4.8 / 5: ★★★★★
Crescent Bank CDs
N/A
4.90%
4.10%
$1,000
Earn competitive rates up to 4.90% APY (annual percentage yield) on terms ranging from 1 to 5 years. Pay $0 maintenance fees. Member FDIC.
Alliant Credit Union CDs
Finder Rating: 4.8 / 5: ★★★★★
Alliant Credit Union CDs
5.00%
5.15%
4.00%
$1,000
Lock in rates as high as 5.15% APY with a low $1,000 minimum deposit. Compounded monthly. FDIC insured.
Western Alliance Bank 12 months CDs through Raisin
Finder Rating: 4.7 / 5: ★★★★★
Western Alliance Bank 12 months CDs through Raisin
N/A
5.05%
N/A
$1
Get 5.05% APY on a 12 month CD, and earn an APY that’s higher than the national average. Pay no fees and just a $1 minimum deposit. FDIC insured.
Valley Direct Online CD
Finder Rating: 5 / 5: ★★★★★
Valley Direct Online CD
N/A
4.50%
N/A
$500
Earn 4.50% APY on a 12 month CD. FDIC insured per depositor, per account ownership category.
Quontic Bank CDs
Finder Rating: 5 / 5: ★★★★★
Quontic Bank CDs
5.05%
4.50%
4.30%
$500
Lock in a high rate. Minimum of $500 required to open. Open your account in 3 minutes or less. Member FDIC.
Ponce Bank CD through Raisin
Finder Rating: 4.9 / 5: ★★★★★
Ponce Bank CD through Raisin
4.00%
N/A
N/A
$1
Snag the highest APYs on the market for the shortest CD terms via Raisin. FDIC insured.
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CDs ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We rate CDs and share certificates on a scale ranging from one to five stars based on what matters most to you. We consider two factors equally when rating CDs: minimum deposits and annual percentage yields (APYs) relative to term length. If a bank requires a different minimum opening deposit depending on the chosen term, we rate the CD based on the average minimum deposit across all terms. And although some institutions offer CDs with terms ranging from one week to 20 years, we only consider term lengths the FDIC uses in its monthly updates on national rates.

Read the full methodology of how we rate CDs.

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