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 highly competitive savings rates and are comfortable solely banking online. In addition to its savings account, Bread offers a variety of high-yield certificates of deposit (CDs). However, those in search of checking or in-person service will need to look elsewhere.
Highlights:
High APY Low FeesHighlights:
CDs
Savings
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.
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.
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.
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.
Bread Savings pros and cons
Pros
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Consistently offers high yields.
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No monthly service fees.
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Extended phone support hours.
Cons
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No ATM access or cash deposits.
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Limited product offerings.
Bread Savings bank products
Bread Savings High-Yield Savings Account
Pros
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Highly competitive yield.
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Minimum opening deposit of only $100.
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No monthly maintenance fee.
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Free incoming wire transfers.
Cons
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No ATM access.
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No ability to deposit cash.
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A paper statement will cost you $5.
Bread Saving’s high-yield savings account is a solid option, with a consistently top-notch annual percentage yield (APY) and no monthly fee. The account offers mobile check deposit, although you’ll need to look elsewhere if you want ATM access.
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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High rates on all terms.
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Wide range of terms from three months to five years.
Cons
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No specialty CDs available, such as no-penalty and bump-up CDs.
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Other banks require lower minimum deposits.
All nine of Bread Savings’ CDs earn highly competitive rates and require a $1,500 deposit. With its wide range of terms, it’s a good spot to open up a CD ladder, as long as you can meet the minimum. If you can’t, you can find other banks that offer similar rates with lower minimums.
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.
Customer experience
Customer support
Bread Savings doesn’t have branches, but customer service representatives are available by telephone weekdays, 7 a.m. and 9 p.m. Central, and weekends from 9 a.m. and 5 p.m. You can also send a secure message to customer service after logging in to your account.
Digital experience
Highly rated mobile app. Bread Savings’ app includes basic features such as mobile check deposit and the ability to transfer funds. It comes highly rated on the Apple app and Google Play stores. That noted, a Bankrate staff member reported that although opening the account and making the opening deposit was easy, making additional deposits was difficult — requiring them to log into various bank accounts multiple times.
Customer-friendly website. Bread Savings’ CD and savings account pages make it easy to find rates, minimum deposit requirements and any information about fees — while including useful FAQs at the bottom of each page. These pages also make it easy to find a link to additional account terms and conditions.
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.
How Bread Savings compares to other banks
Compare different account types offered by Bread Savings. Annual percentage yields (APYs) shown were updated between Feb. 20, 2026 and Feb. 26, 2026.
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Selected bank
Bread Savings savings account
Bankrate score
4.8
Bankrate Savings rating = 4.8/5 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 Feb. 20, 2026 and Feb. 26, 2026.
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| 4.00% | 4.00% | |
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Minimum balance for APY
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| $1.00 | $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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| $2,000 | $2,000 | |
| 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 like a $5 fee for paper statements. | LendingClub Bank offers a LevelUp Savings account that rewards you with a top yield when you make deposits totaling at least $250 per month. 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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Bankrate does not currently track additional product details for this bank.
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Bankrate does not currently track additional product details for this bank.
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Bankrate does not currently track additional product details for this bank.
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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.
