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.
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 | Insurer | Company | Annuity | Rate | AM Best | Free withdrawals | Application |
|---|---|---|---|---|---|---|---|
| 2 Years | 
| CL Life | CL Sundance | 5.25% | B++ | Interest Only | Apply |
| 3 Years | 
| Mountain Life | Alpine Horizon | 6.00% | B+ | None | Apply |
| 4 Years |
| Mountain Life | Alpine Horizon | 6.05% | B+ | 10% | Apply |
| 5 Years | 
| Knighthead Life | Staysail Annuity | 6.30% Simple | A- | None | Apply |
| 6 Years | 
| Equitrust | Certainty Select | 5.60% | B++ | Interest Only | Apply |
| 7 Years |
| Knighthead Life | Staysail Annuity | 6.50% Simple | A- | None | Apply |
| 8 Years |
| EquiTrust | Certainty Select | 5.65% | B++ | Interest Only | Apply |
| 9 Years | 
| Clear Spring Life | Preserve MYGA | 5.35% | A- | None Yr 1 10% Yrs. 2-9 | Apply |
| 10 Years | 
| Revol One | DirectGrowth MYGA | 6.00% | B++ | None | 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.
