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.
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 | ||
|---|---|---|
| Term | APY | Minimum Deposit |
| 1 year | 4.50% | $1,500 |
| 2 years | 4.50% | $1,500 |
| 3 years | 4.50% | $1,500 |
| 4 years | 4.50% | $1,500 |
| 5 years | 4.50% | $1,500 |
Visit savings.breadfinancial.com/products/certificates-of-deposit 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.
| 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 Details | Annuity | Rate | AM Best | Application |
|---|---|---|---|---|---|---|
| 1 Year | 
| Clear Spring | Preserve MYGA | 4.30% | A- | |
| 2 Years | 
| SILAC | Secure Savings Elite | 5.00% | B+ | |
| 3 Years | 
| Atlantic Coast Life | Safe Haven | 5.63% | B++ | |
| 4 Years | 
| Nassau | Simple Annuity | 5.25% | B++ | |
| 5 Years | 
| Ibexis | MYGA Plus | 5.80% Simple | A- | |
| 6 Years |
| Nassau | Simple Annuity | 5.50% | B++ | |
| 7 Years |  | Aspida | Synergy Choice | 5.60% | A- | |
| 8 Years | 
| American National | Palladium MYG | 5.30% | A | |
| 9 Years |
| American National | Palladium MYG | 5.30% | A | |
| 10 Years |
| American National | Palladium MYG | 5.30% | 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 Rates | Rate | Term | Minimum |
|---|---|---|---|
| Popular DIrect | 4.10% APY | 3 Months | $10,000 |
| Merchants Bank of Indiana | 3.67% APY | 3 Months | $1,000 |
| Umbrella Bank | 3.40% APY | 3 Months | $1,000 |
| United Texas Bank | 3.40% APY | 3 Months | $1,000 |
| SchoolsFirst Federal Credit Union | 2.50% APY | 3 Months | $20,000 |
| Synchrony Bank | 2.25% APY | 3 Months | $0 |
| Bethpage Federal Credit Union | 2.25% APY | 3 Months | $50 |
Best 1 Year CD Rates
| Best 1 Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Capital One | 5.00% APY | 11 Months | $0.00 |
| Ivy Bank | 4.85% APY | 12 Months | $1,000 |
| CFG Bank | 4.85% APY | 12 Months | $500 |
| Popular DIrect | 4.75% APY | 12 Months | $10,000 |
| Limelight Bank | 4.75% APY | 12 Months | $1,000 |
| First Internet Bank | 4.75% APY | 12 Months | $1,000 |
| PenFed Credit Union | 4.60% APY | 12 Months | $1,000 |
| Alliant Credit Union | 4.60% APY | 12 Months | $1,000 |
| Bread Savings Bank | 4.50% APY | 12 Months | $1,500 |
| Marcus by Goldman Sachs | 4.40% APY | 12 Months | $500 |
| Bethpage Federal Credit Union | 4.40% APY | 12 Months | $50 |
2 Year CD Rates
| Best 2-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Mountain America Credit Union | 4.75% APY | 24 Months | $500 |
| 3Rivers Federal Credit Union | 4.75% APY | 21 Months | $10,000 |
| Pentagon Federal Credit Union | 4.45% APY | 24 Months | $1,000 |
| First National Bank of America | 4.40% APY | 24 Months | $1,000 |
| Marcus by Goldman Sachs | 4.35% APY | 24 Months | $500 |
| Synchrony Bank | 4.30% APY | 24 Months | $0.01 |
3 Year CD Rates
| Best 3 Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Genisys Credit Union | 4.84% APY | 30 Months | $500 |
| 3Rivers Federal Credit Union | 4.75% APY | 33 Months | $10,000 |
| Crescent Bank | 4.65% APY | 30 Months | $1,000 |
| Alliant Credit Union | 4.60% APY | 36 Months | $1,000 |
| Randolph-Brooks Federal Credit Union | 4.60% APY | 36 Months | $20,000 |
| Bread Savings Bank | 4.50% APY | 36 Months | $1,500 |
| First National Bank of America | 4.40% APY | 36 Months | $1,000 |
| Discover Bank | 4.35% APY | 36 Months | $2,500 |
| Quontic Bank | 4.30% APY | 36 Months | $500.00 |
4 Year CD Rates
| Best 4 Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| NASA Federal Credit Union | 4.75% APY | 49 Months | $10,000 |
| Lafayette Federal Credit Union | 4.58% APY | 48 Months | $500 |
| BMO Harris | 4.40% APY | 45 Months | $5,000 |
| First National Bank of America | 4.35% APY | 48 Months | $1,000 |
| Bread Savings Bank | 4.25% APY | 48 Months | $1,500 |
| Marcus by Goldman Sachs | 4.00% APY | 48 Months | $500 |
5 Year CD Rates
| Best 5-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Lafayette Federal Credit Union | 4.63% APY | 60 Months | $500 |
| CFG Bank | 4.60% APY | 60 Months | $500 |
| Popular DIrect | 4.55% APY | 60 Months | $10,000 |
| GTE Financial | 4.54% APY | 60 Months | $500 |
| Quontic Bank | 4.45% APY | 60 Months | $500 |
| Discover | 4.40% APY | 60 Months | $2,500 |
| Synchrony Bank | 4.30% APY | 60 Months | $0.00 |
| Bread Savings Bank | 4.25% APY | 60 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
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.
