Bread Savings Review: A High-Yield Haven for Savers

Bread Savings: Stellar APYs, no fees, online simplicity.

Bread Savings Review: A High-Yield Haven for Savers

Bread Savings, previously known as Comenity Direct, specializes in providing a high-yield savings account and a range of certificates of deposit (CDs), focusing on maximizing returns for savers without the complications of managing multiple bank products.


  • High-Yield Savings Account: Offers a competitive 5.15% Annual Percentage Yield (APY), with a modest $100 minimum deposit to open and no monthly maintenance fees.
  • Certificates of Deposit: Features attractive APYs across various terms with a $1,500 minimum deposit requirement. The APYs for CDs range from 5.25% for a 1-year term to 4.15% for a 5-year term, catering to both short-term and long-term savings goals.
  • Online-Only Platform: Operates exclusively online, eliminating the need for physical branches and enabling efficient account management from anywhere.
  • Customer Service: Provides access to customer support seven days a week, ensuring assistance is always within reach for account holders.


  • Competitive Interest Rates: Both savings and CD accounts offer rates that are among the best in the market, enhancing the growth potential of your savings.
  • Ease of Use: The simplicity of a streamlined product offering, combined with an online platform, makes managing savings straightforward and accessible.
  • No Monthly Fees: Elimination of monthly fees for both savings and CDs maximizes earnings and reduces unnecessary costs.
  • Flexible CD Terms: A wide range of CD terms allows savers to choose the best fit for their financial timeline and goals.

Product Summary:

Bread Savings is an attractive option for savers who earn high-interest rates without the complexity or fees associated with more extensive banking services. While it lacks a checking account and physical branches, Bread Savings makes up for these with its strong APYs and user-friendly online platform. It is ideal for savers who prioritize growth over frequent withdrawals and are comfortable with digital banking. The requirement to manage funds through transfers to linked accounts underscores its role as a complementary savings tool rather than a one-stop banking solution.

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