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Bread Savings CD Rates January 2023

Bread Savings CD Rates Vector

Bread Savings CD Rates Review

Bread savings bank logo

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.

Bread Savings (formerly Comenity Direct) offers a high-yield savings account and certificates of deposit but no checking accounts. Bread Savings is a product of Comenity Capital Bank, which is part of Bread Financial.

In their own words, “Bread Financial is a tech-forward financial services company that offers simple, personalized payment, lending, and saving solutions. We create opportunities for our customers and partners through digitally enabled choices that bring ease, empowerment, and financial flexibility.”

What are Bread Savings CD Rates Today?

As of January 9th, Bread Savings CD rates are 4.50% for their 1,2,3,4, and 5-year CDs which makes their 12-month and 2-year certificates as good as any bank in the country.

Bread Savings CD Boast the below features for all durations:

  • $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
Bread Savings CD Rates
TermAPYMinimum Deposit
1 year4.50%$1,500
2 years4.50%$1,500
3 years4.50%$1,500
4 years4.50%$1,500
5 years4.50%$1,500

Visit to view more Bread Savinigs CD Rates.

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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
1 Year Clear spring annuity logo Clear SpringPreserve MYGA4.30%A-
2 Years Silac insurance company logo SILACSecure Savings Elite5.00%B+
3 Years Atlantic coast life annuity logo Atlantic Coast LifeSafe Haven5.63%B++
4 Years Nassau logo NassauSimple Annuity5.25%B++
5 Years Ibexis annuity logo Ibexis MYGA Plus5.80% SimpleA-
6 Years Nassau logo NassauSimple Annuity5.50%B++
7 YearsAspida annuity logoAspidaSynergy Choice5.60%A-
8 Years American national annuity logo American NationalPalladium MYG5.30%A
9 Years American national annuity logo American NationalPalladium MYG5.30%A
10 Years American national annuity logo American NationalPalladium MYG5.30%A

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 RatesRateTermMinimum
Popular DIrect4.10% APY3 Months$10,000
Merchants Bank of Indiana3.67% APY3 Months$1,000
Umbrella Bank3.40% APY3 Months$1,000
United Texas Bank3.40% APY3 Months$1,000
SchoolsFirst Federal Credit Union2.50% APY3 Months$20,000
Synchrony Bank2.25% APY3 Months$0
Bethpage Federal Credit Union2.25% APY3 Months$50

Best 1 Year CD Rates

Best 1 Year CD RatesRateTermMinimum
Capital One5.00% APY11 Months$0.00
Ivy Bank4.85% APY12 Months$1,000
CFG Bank4.85% APY12 Months$500
Popular DIrect4.75% APY12 Months$10,000
Limelight Bank4.75% APY12 Months$1,000
First Internet Bank4.75% APY12 Months$1,000
PenFed Credit Union4.60% APY12 Months$1,000
Alliant Credit Union4.60% APY12 Months$1,000
Bread Savings Bank4.50% APY12 Months$1,500
Marcus by Goldman Sachs4.40% APY12 Months$500
Bethpage Federal Credit Union4.40% APY12 Months$50

2 Year CD Rates

Best 2-Year CD RatesRateTermMinimum
Mountain America Credit Union4.75% APY24 Months$500
3Rivers Federal Credit Union4.75% APY21 Months$10,000
Pentagon Federal Credit Union4.45% APY24 Months$1,000
First National Bank of America4.40% APY24 Months$1,000
Marcus by Goldman Sachs4.35% APY24 Months$500
Synchrony Bank4.30% APY24 Months$0.01

3 Year CD Rates

Best 3 Year CD RatesRateTermMinimum
Genisys Credit Union4.84% APY30 Months$500
3Rivers Federal Credit Union4.75% APY33 Months$10,000
Crescent Bank4.65% APY30 Months$1,000
Alliant Credit Union4.60% APY36 Months$1,000
Randolph-Brooks Federal Credit Union4.60% APY36 Months$20,000
Bread Savings Bank4.50% APY36 Months$1,500
First National Bank of America4.40% APY36 Months$1,000
Discover Bank4.35% APY36 Months$2,500
Quontic Bank4.30% APY36 Months$500.00

4 Year CD Rates

Best 4 Year CD RatesRateTermMinimum
NASA Federal Credit Union4.75% APY49 Months$10,000
Lafayette Federal Credit Union4.58% APY48 Months$500
BMO Harris4.40% APY45 Months$5,000
First National Bank of America4.35% APY48 Months$1,000
Bread Savings Bank4.25% APY48 Months$1,500
Marcus by Goldman Sachs4.00% APY48 Months$500

5 Year CD Rates

Best 5-Year CD RatesRateTermMinimum
Lafayette Federal Credit Union4.63% APY60 Months$500
CFG Bank4.60% APY60 Months$500
Popular DIrect4.55% APY60 Months$10,000
GTE Financial4.54% APY60 Months$500
Quontic Bank4.45% APY60 Months$500
Discover4.40% APY60 Months$2,500
Synchrony Bank4.30% APY60 Months$0.00
Bread Savings Bank4.25% APY60 Months$1,500

Key Take-Aways

A CD is very similar to a fixed annuity. If you are looking for a safe and steady way to grow your retirement a fixed annuity may warrant consideration. One thing to keep in mind is annuities have early withdrawal penalties that are usually more costly than a bank CD.

Bread Savings Contact Information

Bread Savings 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.

Shop More Bank CD Rates

Jason Caudill, MBA

Jason Caudill, MBA

Jason Caudill is President of My Annuity Store, Inc. and has distributed more than $1.5 Billion of annuities during his career. He believes a lack of access to educational materials and annuity products has hindered the widespread adoption of these strategies in the United States. Jason has been a student of annuities since the age of 21 when was an intern for New York Life Insurance Company. His mission is to help change the way annuities are bought and sold.

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