Bread Savings Bank Review 2025
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Edited by
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At a glance
Overview
Bread Savings (formerly Comenity Direct) may be a good fit for consumers who are looking for higher-than-average savings rates and comfortable solely banking online. Bread offers competitive yields on its savings account and a variety of certificates of deposit (CDs).
Highlights:
High APY Low FeesHighlights:
CDs
Savings
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These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.2/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate CD rating = 4.5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Overall
Bread Savings offers accounts with relatively low minimum opening balance requirements and few fees, making it easy to open and maintain an account. Consumers in search of checking and money market accounts or who need access to a branch will want to look elsewhere.
Pros
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Bread Savings consistently offers high yields on its deposit products compared to the national average.
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There's no monthly fee charged for its high-yield savings account.
Cons
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Customers can’t deposit cash.
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There are no physical bank branches or ATM access.
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The bank has limited product offerings compared to other online and traditional banks.
Bread Savings bank products
Bread Savings High-Yield Savings Account
Pros
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Bread Bank’s savings account offers a highly competitive yield in line with the best HYSA rates.
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Customers need to deposit only $100 to open the Bread Savings high-yield savings account.
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There's no monthly maintenance fee.
Cons
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The Bread Savings High-Yield savings account doesn’t have ATM access.
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You can’t deposit cash into a Bread Savings account.
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No physical branches.
Rate history for Bread Savings's Savings account
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
Bread Savings CD
Pros
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Bread Savings CD rates are significantly above average.
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A solid range of CD terms — from three months to five years — are offered.
Cons
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Specialty CDs such as no-penalty and bump-up CDs aren’t available as they are at some other banks.
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Bread Bank requires a $1,500 minimum deposit to open, which is higher than the $1,000 minimums you’ll see from the best CD rates.
Rate history for Bread Savings's CD accounts
See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.
How Bread Savings compares to other banks
Compare different account types offered by Bread Savings. Annual percentage yields (APYs) shown were updated between July 10, 2025 and July 16, 2025.
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Selected bank
Bread Savings savings account
Bankrate score
4.9
Bankrate Savings rating = 4.9/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
Most comparable
LendingClub Bank savings account
Bankrate score
5.0
Bankrate Savings rating = 5.0/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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Bankrate score
Bankrate Savings rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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APY
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between July 10, 2025 and July 16, 2025.
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| 4.25% | 4.20% | |
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Minimum balance for APY
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| $0.00 | $0.00 | |
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Estimated earnings
Interest earned calculation based on a $50,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
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| $2,125 | $2,100 | |
| Bread offers a high-yield savings account that’s true to its name. The account can be opened with just $100. Though there are no monthly maintenance fees, customers should note the miscellaneous fees associated with the account. | LendingClub Bank offers a LevelUp Savings account that rewards you with a top yield when you make deposits totaling at least $250 per statement cycle. The account has no monthly service fees and no minimum balance required to earn interest, though your savings rate can vary if you don't meet the $250 requirement in a given month. | |
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APY offering:
4.25%
5/5
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
Minimum balance for APY:
$0.00
5/5
The lowest deposit amount an account must have before it can earn interest.
Monthly service fee:
$0.00
5/5
A monthly charge a financial institution deducts from an account if certain requirements are not met.
Minimum balance to avoid fee:
$0.00
5/5
The lowest balance an account must maintain in order to avoid a fee.
Access to funds:
Good
4/5
A procedure that allows an individual or organization to access and manage the funds of another account holder.
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APY offering:
4.20%
5/5
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
Minimum balance for APY:
$0.00
5/5
The lowest deposit amount an account must have before it can earn interest.
Monthly service fee:
$0.00
5/5
A monthly charge a financial institution deducts from an account if certain requirements are not met.
Minimum balance to avoid fee:
$0.00
5/5
The lowest balance an account must maintain in order to avoid a fee.
Access to funds:
Great
5/5
A procedure that allows an individual or organization to access and manage the funds of another account holder.
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Bankrate does not currently track additional product details for this bank.
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Bank fees
| Fee | Charged? |
|---|---|
| Check requests | $15 |
| Outgoing wire transfer | $25 |
| Monthly maintenance fee | None |
| Incoming wire transfer | None |
| Paper statements | $5 per paper statement request |
Customer experience
Customer support
Bread Savings doesn’t have branches, but customer service representatives are available via online chat or telephone weekdays, 7 a.m. and 9 p.m. Central, and weekends from 9 a.m. and 5 p.m.
Digital experience
Bread Savings’ mobile app is highly rated on the Apple App and Google Play stores. The app includes basic features such as mobile check deposits and the ability to transfer funds.
Bankrate staff insight
"What initially drew me to Bread Financial and what I consider the best feature of the account is the interest rate on the high yield savings account. It's slightly higher than the rate on my existing HYSA with no minimum balance," said a Bankrate staff member with the account. "Plus, as someone who lives in a rural area, I appreciate that the bank has strong digital tools. The mobile app experience lines up well with the website UX, so it's easy to jump from one to the other seamlessly."
Disclosure: To enhance our product reviews, Bankrate employees often open accounts and provide feedback. They may have been compensated for their time and account maintenance, but this does not affect the integrity of their review.
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Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
Bread Savings customer reviews
Bread Savings has 50 reviews
Dive into community reviews below and see what others think about Bread Savings.
In July 2024, Bankrate collaborated with a third-party vendor to survey 1,200 bank account holders nationwide. Bankrate and our vendor collected and summarized account holder responses to five rating questions on a 5-point scale as well as open-ended reviews of the banking experience. Responses are based on individual account holder product details, and therefore cannot be verified for accuracy. Reviewers received an incentive for their feedback. Their ratings are unedited and have not been reviewed or approved by the associated bank or credit union, nor do these responses reflect Bankrate's own expert review of these banking products.
