Bread Savings CD Rates August 2023

Bread Savings CD Rates Vector

Table of Contents

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

Term1-year CD2-year CD3-year CD4-year CD5-year CD
Interest rate5.07%4.88%4.40%4.26%4.16%

Visit to view more Bread Savinigs CD Rates.

1 Rates are compared against competitor rates published by in a new Window) and the institutions themselves as of 04/25/2023. in a new Window) 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.

Issued ByInsurance CompaniesBanks
Investment Amount$2,000 - $1,000,000Essentially Any Amount
Investment Term2 years - 10 years3 months - 5 years
Interest Rates (APY)Varies by product.Varies by bank, term and investment amount.
LiquidityUsually, 10% annually or interest earned.Almost always accumulated interest.
GuaranteesBacked by Insurer & State Guaranty Associations.Backed by the FDIC.
Death BenefitMay avoid probate.Probate process required.

Today's Best "CD-Type" Annuity Rates

TermInsurerCompany DetailsAnnuity RateAM BestApplication
2 Years Oceanview life and annuity logo OceanviewHarbourview 4.90%A-Apply
3 Years Farmers life insurance company logo Farmers LifeSafeguard Plus5.50%B++Apply
4 Years Americo annuity logo AMERICOPlatinum Assure5.20%AApply
5 Years Ibexis annuity logo Ibexis MYGA Plus5.90% SimpleA-Apply
6 Years Equitrust annuity logo EquiTrustCertainty Select5.65%B++Apply
7 Years Americo annuity logo AMERICOPlatinum Assure5.55%AApply
8 Years Equitrust annuity logo EquiTrustCertainty Select5.70%B++Apply
9 Years American national annuity logo American NationalPalladium MYG5.10%AApply
10 Years Equitrust annuity logo EquiTrustCertainty Select6.00%B++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

TotalDirect Bank5.16% APY3 Months$25,000.00
Ponce Bank N.A.5.15% APY3 Months$50,000.00
Brilliant Bank5.10% APY3 Months$1,000.00
Alliant Credit Union4.50% APY3 Months$1,000.00
Popular Direct4.50% APY3 Months$10,000.00

Best 1 Year CD Rates

Evergreen Bank Group5.50% APY13 Months10000
NexBank5.40% APY12 Months25000
BrioDirect5.35% APY12 Months500
Bread Savings5.25% APY12 Months1000
Barclays4.80% APY12 Months0

2 Year CD Rates

U.S. Senate Federal Credit Union5.28% APY24 Months1000
Summit Credit Union5.25% APY22 Months5000
Idabel National Bank5.05% APY24 Months1000
Bread Savings5.00% APY24 Months1500
PenFed Credit Union4.45% APY24 Months1000

3 Year CD Rates

U.S. Senate Federal Credit Union5.23% APY36 Months1000
Quorum Federal Credit Union4.85% APY36 Months1000
Popular Direct4.55% APY36 Months10000
Bread Savings4.50% APY36 Months1500
Barclays4.30% APY36 Months0

4 Year CD Rates

Best 4-Year CD RatesRateTermMinimum
NASA Federal Credit Union4.85% APY49 Months10000
GTE Financial4.85% APY48 Months500
First National Bank of America4.50% APY48 Months1000
Bread Savings4.35% APY48 Months1500

5 Year CD Rates

Lafayette Federal Credit Union4.68% APY60 Months500
Department of Commerce Federal Credit Union4.67% APY60-84 Months25000
GTE Financial4.54% APY60 Months500
Popular Direct4.53% APY60 Months10000
Bread Savings4.25% APY60 Months1500

Bread Savings Contact Information

Phone Number


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

Frequently Asked Questions

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

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.

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

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.

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

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