Bread Savings™ High-Yield Savings Account Review
Bread Savings™ High-Yield Savings isn't available on Finder right now.
- Annual Percentage Yield (APY)
-
4.40%
- Fee
- $0
- Minimum deposit to open
- $100
Our verdict
A no-fee savings account that earns 4.4% APY on your entire balance.
The Bread Savings™ High-Yield Savings account, previously known as Comenity High-Yield Savings account, has no monthly maintenance fees. Earn up to 4.4% APY on your entire account balance. There's a $100 opening deposit requirement, but other than that, it's a no-frills, digital savings account with a good rate.
Best for: Those who like digital accounts with high APYs.
Pros
-
Competitive 4.40% APY on your entire balance
-
Free incoming wire transfers
Cons
-
$100 minimum opening deposit
What we like about Bread Savings
There aren’t a lot of frills with this account, but sometimes, no messy tiers or complicated terms is just what you need.
The Bread high-yield savings account (HYSA) is best for customers who want a competitive interest rate and prefer online banking. You’ll earn a whopping 4.4% APY no matter your balance, and there’s no monthly fee to eat into your earnings.
ACH transfers are also free, so you can move your money between external bank accounts. And incoming wire transfers also won’t cost a dime.
Where it falls short
There are a few things you’ll need to know at opening if you go with Bread Savings.
First, you’ll need to meet an opening deposit requirement of at least $100.
Second, new accounts are subject to special rules where funds from incoming ACH transfers aren’t available until 30 business days. This isn’t uncommon, but compared to Ally Bank’s savings account, it’s higher. Ally limits new users only on deposited checks, which are made available between two to five business days.
And like most digital savings accounts, the primary way to access your cash is by transferring funds to an external bank account. ACH transfers are free but generally take one to three business days to clear. Additionally, Bread’s customer service is primarily through the phone or by sending a message through your secure banking portal. Although live chat is a common communication method for digital banks, Bread still doesn’t offer a chat option.
Compare Bread Savings to other savings accounts
Narrow down top savings accounts by APY, minimum opening deposit and more to find the best for your budget and financial goals. Select Compare for up to four products to see their benefits side by side.
What is the Finder Score?
The Finder Score crunches over 250 savings accounts from hundreds of financial institutions. It takes into account the product's interest rate, fees, opening deposit and features - this gives you a simple score out of 10.
To provide a Score, Finder’s banking experts analyze hundreds of savings accounts against FDIC-reported national averages as a baseline. Accounts with rates well over the national average are scored the highest, while accounts with rates well below are scored low.
Customer reviews and ratings
| BBB accredited | Yes |
|---|---|
| BBB rating | A+ |
| BBB customer reviews | 1.04 out of 5 stars, based on 1838 customer reviews |
| Trustpilot score | 1.6 out of 5 stars, based on 76 customer reviews |
| Customer reviews verified as of | 19 March 2025 |
Bread Financial, under Comenity Bank, is accredited with the Better Business Bureau (BBB) and holds a great rating. Reviews and complaints often involve Bread Financial’s credit cards, alleging that it failed to post payments to accounts, dropped the ball on fraud cases and continuously billed for interest and late fees on closed accounts.
Most complaints filed with the Consumer Financial Protection Bureau cite issues withdrawing money from savings accounts that have been restricted due to suspicious activity. And despite submitting the requested documentation, customers still had problems accessing their money.
On the other hand, some Redditors have had good experiences with Bread’s High-Yield Savings account, stating that signing up was quick, the account is easy to use and citing an overall positive experience.
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.
Bread Savings™ High-Yield Savings is not currently available on Finder
Have you considered SoFi Checking and Savings?
Earn up to 3.80% APY on savings by meeting deposit requirements or by paying the SoFi Plus subscription fee every 30 days, and 0.50% APY on checking balances. Members without deposit requirements will earn 0.50% APY on savings. Turn on automatic savings or use the Roundups feature to help you reach your savings goals faster. Get up to $2M of additional FDIC insurance through a network of participating banks.
- Up to 3.80% APY on savings by meeting deposit requirements or by paying the SoFi Plus subscription fee every 30 days
- $0 monthly or overdraft fees
- Get up to a $300 bonus with direct deposits of $5,000 or more
- Member FDIC
Your reviews
Kimberly Finder
Writer
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