Bread Savings CD Rates Review

In this guide, we’ll review Bread Savings CD rates and compare them to the best CD rates, savings accounts, money market, and annuity rates offered by the top Banks in the United States.

In their own words, “Bread Financial is a tech-forward financial services company that offers simple, personalized payment, lending, and saving solutions.

Bread Savings CD Rates

Term	1-year CD	2-year CD	3-year CD	4-year CD	5-year CD
APY	5.20%	5.00%	4.50%	4.35%	4.25%
Interest rate	5.07%	4.88%	4.40%	4.26%	4.16%

Visit savings.breadfinancial.com/products/certificates-of-deposit to view more Bread Savinigs CD Rates.

¹ Rates are compared against competitor rates published by Bankrate.com and the institutions themselves as of 04/25/2023. Bankrate.com obtains the data from the various banks that it tracks and its accuracy cannot be guaranteed.

² ANNUAL PERCENTAGE YIELD (APY): All Bread Savings APYs are accurate as of 05/18/2023. APYs are subject to change at any time without notice. Offers apply to personal accounts only. Fees may reduce earnings. For high-yield savings accounts, a minimum of $100 is required and must be deposited in a single transaction. For high-yield savings accounts, the rate may change after the account is opened. To open a CD, a minimum of $1,500 is required and must be deposited in a single transaction. A penalty will be imposed for early withdrawals on CDs. At maturity, your CD will automatically renew and earn the base interest rate in effect at that time.

³ Refers to deposits by ACH that are received before 5 p.m. CT on a Business Day (Monday through Friday, excluding federal holidays). Deposits begin earning interest from the moment they are received but may not be immediately available for withdrawal. Deposits received after 5 p.m. CT or on a non-Business Day are received on the next Business Day.

⁴ FDIC insurance up to $250,000 per depositor for each ownership category.

⁵ For terms shorter than 1 year, the penalty is 90 days simple interest. For terms 12 months to 3 years, the penalty is 180 days simple interest. For terms 4 years and up, the penalty is 365 days simple interest.

Features of Bread Savings CDs

$1,500 minimum opening balance
FDIC insured
Earn interest on up to $10 million
Interest accrued and compounded daily
No hidden fees so you can save more
An early withdrawal penalty applies
Auto-renew at maturity or cash out without penalty within the 10-day grace period

CDs vs Fixed Annuity

A fixed annuity, often called a CD Type Annuity, is essentially a CD that is issued by an insurance company rather than a bank. The table below compares and contrasts some of the key differences and similarities between the two.

FEATURES	FIXED ANNUITY	CD
Issued By	Insurance Companies	Banks
Investment Amount	$2,000 - $1,000,000	Essentially Any Amount
Investment Term	2 years - 10 years	3 months - 5 years
Interest Rates (APY)	Varies by product.	Varies by bank, term and investment amount.
Liquidity	Usually, 10% annually or interest earned.	Almost always accumulated interest.
Guarantees	Backed by Insurer & State Guaranty Associations.	Backed by the FDIC.
Death Benefit	May avoid probate.	Probate process required.

Today's Best "CD-Type" Annuity Rates

Term	Rate	Company	Annuity	AM Best	Free withdrawals	Application
2 Years	5.10%	CL Life	CL Sundance	B++	Interest Only	Apply
3 Years	5.50%	CL Life	CL Sundance	B++	Interest Only	Apply
4 Years	5.30%	Americo Financial	Platinum Assure	A	5%	Apply
5 Years	6.05%	DirectGrowth MYGA	DirectGrowth MYGA	B++	none	Apply
6 Years	5.50%	Americo Financial	Platinum Assure	A	5%	Apply
7 Years	6.80% Simple	Knighthead Life	Staysail Annuity	A-	None	Apply
8 Years	5.35%	EquiTrust	Certainty Select	B++	Interest Only	Apply
9 Years	5.40%	Clear Spring LIfe	Preserve MYGA	A-	Int. only Yr 1 10% Yrs. 2-9	Apply
10 Years	5.65%	Farmers Life	Safeguard Plus	B++	Interest Only	Apply

Bread Savings CD Rates vs Todays Top Certificate Rates

Use the tables below to compare Bread Savings CD rates to the top CD interest rates available today.

3 Month CD Rates

Best 3-Month CD Rates	APY	Term	Minimum
Signature Federal Credit Union	5.55%	3 Months	$500
Ponce Bank	5.40%	3 Months	$1
Western Alliance Bank	5.41%	3 Months	$1

Best 1 Year CD Rates

Bank	Rate	Term	Minimum
All In Credit Union	5.85% APY	12 Months	$100,000
My eBanc	5.77% APY	12 Months	$100,000
State Bank of Texas	5.75% APY	12 Months	$50,000

2 Year CD Rates

Bank	Rate	Term	Minimum
Luana Savings Bank	5.68% APY	24 Months	$100,000.00
Maple Mark Bank	5.40% APY	24 Months	$25,000.00
Crescent Bank	5.35% APY	24 Months	$1,000.00

3 Year CD Rates

Bank	APY	Term	Minimum
Valley National Bank	5.60%	36 Months	$500
Bread Savings	4.95%	36 Months	$1,500
The State Exchange Bank	4.70%	36 Months	$1

4 Year CD Rates

Bank	APY	Term	Minimum
Bread Savings	4.75%	48 Months	$1
The State Exchange Bank	4.50%	48 Months	$1
Barclays	4.45%	48 Months	$1

5 Year CD Rates

Bank	APY	Term	Minimum
Farmers Insurance	5.00%	60 Months	$1,000
Schools First Credit Union	4.75%	60 Months	$100,000
Bread Savings	4.75%	60 Months	$1,500

Bread Savings Contact Information

Phone Number

1-833-755-4354

Weekdays 7 a.m. – 9 p.m. CT
Weekends & most holidays 9 a.m. – 5 p.m. CT

Frequently Asked Questions

What is Bread Savings Phone Number?

You can contact Bread Savings customer service by calling 1-833-755-4354

Weekdays 7 a.m. – 9 p.m. CT
Weekends & most holidays 9 a.m. – 5 p.m. CT

Does Bread Savings have any physical locations?

Bread Savings does not have any brick and mortar locations. Their low overhead is what allows them to offer highly competitive cd and savings account rates.

Are Annuities FDIC Insured?

While not FDIC insured, State Guaranty Associations provide a safety net for their state’s annuity policyholders. These Guaranty Associations guarantee policyholders continue to receive coverage (up to the limits spelled out by state law) even if their insurer is declared insolvent. Source: “Learn to Invest, Investment Types, Annuities, Fixed Annuities.” Financial Industry Regulatory Authority (FINRA). Visit FINRA’s Fixed Annuities Webpage

Can You Loose money in a fixed annuity?

You can not lose money in a fixed annuity. However, guarantees are backed by the claims-paying ability of the issuing insurance company so it is important to consider an insurer’s financial rating when shopping for an annuity.

What is the minimum amount to open a Bread Savings CD Account?

A Bread Savings high-yield savings account requires a $100 minimum opening balance. A certificate of deposit requires a $1,500 minimum opening balance.

Bread Savings CD Rates Review

Bread Savings CD Rates Review

Bread Savings CD Rates