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Bread Savings CD Rates Review

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    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 DetailsRateAnnuity AM BestApplication
    2 YearsOceanview life and annuity logoOceanview Life5.25%Harbourview 2A-Apply
    3 YearsSecurity sentinel life logoSentinel Security5.90%Personal Choice/a>B++Apply
    4 YearsNassau logoNassau5.50%MyAnnuityB++Apply
    5 YearsIbexis annuity logoIbexis 6.15% SimpleMYGA PlusA-Apply
    6 YearsOxford life insurance company logoOxford Life5.60%Multi-SelectA-Apply
    7 YearsNassau logoNassau5.65%Platinum AssureB++Apply
    8 YearsEquitrust annuity logoEquiTrust5.50%Certainty SelectB++Apply
    9 YearsClear spring life and annuity logoClear Spring5.40%MYGA PreserveA-Apply
    10 YearsEquitrust annuity logoEquiTrust5.60%Certainty SelectB++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 RatesAPYTermMinimum
    Signature Federal Credit Union5.55%3 Months$500
    Ponce Bank5.40%3 Months$1
    Western Alliance Bank5.41%3 Months$1

    Best 1 Year CD Rates

    All In Credit Union5.85% APY12 Months$100,000
    My eBanc5.77% APY12 Months$100,000
    State Bank of Texas5.75% APY12 Months$50,000

    2 Year CD Rates

    Luana Savings Bank5.68% APY24 Months$100,000.00
    Maple Mark Bank5.40% APY24 Months$25,000.00
    Crescent Bank5.35% APY24 Months$1,000.00

    3 Year CD Rates

    Valley National Bank5.60%36 Months$500
    Bread Savings4.95%36 Months$1,500
    The State Exchange Bank4.70%36 Months$1

    4 Year CD Rates

    Bread Savings4.75%48 Months$1
    The State Exchange Bank4.50%48 Months$1
    Barclays4.45%48 Months$1

    5 Year CD Rates

    Farmers Insurance5.00%60 Months$1,000
    Schools First Credit Union4.75%60 Months$100,000
    Bread Savings4.75%60 Months$1,500

    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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