In this guide

  • Review
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

Bread Savings CDs rates

  • Kimberly Ellis's headshot
Bread Savings CDs
3.8
★★★★★
Finder score

Bread Savings CDs isn't available on Finder right now.

1-year APY
4.30%
3-year APY
3.90%
5-year APY
3.85%

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 4.30% APY. But as the shortest CD term available, it has a high opening deposit of $1,500.

In this guide

  • Review
  • Your reviews
  • Ask a question

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 year4.30%$1,500
2 years4.00%$1,500
3 years3.90%$1,500
4 years3.90%$1,500
5 years3.85%$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 3.90% to 4.30% 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.

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.

1 - 6 of 13
Name Product USFSA-CDS 6-month APY 1-year APY 5-year APY Minimum deposit to open
Western Alliance Bank 12 months CDs through Raisin
Finder Rating: 4.7 / 5: ★★★★★
Raisin logo
N/A
3.00%
N/A
$1
Sallie Mae CDs through Raisin
Finder Rating: 4.7 / 5: ★★★★★
Raisin logo
N/A
N/A
N/A
$1
Alliant Credit Union CDs
Finder Rating: 4.8 / 5: ★★★★★
Alliant Credit Union logo
4.00%
4.10%
3.65%
$1,000
Valley Direct Online CD
Finder Rating: 5 / 5: ★★★★★
Valley Direct logo
N/A
4.00%
N/A
$500
Bask Bank CDs
Bask Bank logo
4.45%
4.25%
N/A
$1,000
Quontic Bank CDs
Finder Rating: 5 / 5: ★★★★★
Quontic Bank logo
4.25%
4.00%
3.00%
$500
loading

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.

Your reviews

Not enough reviews Write a review

Ask a question

Ask a question
Avatar

Kimberly Finder

Writer

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Go to site