Bread Savings review (2026): Home to high-interest online savings and CD accounts

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Summary: Bread Savings, formerly known as Comenity Direct, is a division of Bread Financial — a financial services company that offers personal and business banking products.

The high-yield savings account from Bread currently offers a competitive 4% APY (interest is compounded daily and credited monthly) with no monthly fees. The minimum opening deposit is $100. Bread Savings offers free ACH transfers, free online statements, free incoming wire transfers, and unlimited deposits via mobile check capture and ACH transfer.

Bread Savings offers CDs with terms ranging from three months to five years, and rates up to 4.15% APY. The minimum opening deposit for CDs is $1,500. There are no monthly maintenance fees. Interest is compounded daily and credited monthly.

Bread Savings does not charge many fees. However, you may be charged the following fees for specific services:

There are a few key pros and cons you should be aware of before banking with Bread Savings:

Competitive CD and savings account rates: Bread offers competitive deposit interest rates that are much higher than national averages.

No monthly maintenance fees: Unlike many of its competitors, Bread Savings does not charge monthly fees for account maintenance .

No physical branches or ATMs: Bread Savings operates solely online and does not have any brick-and-mortar locations or ATMs for customers to visit.

Limited product offerings: Currently, Bread Savings only offers two product types: high-yield savings accounts and CDs. Those looking for other deposit products, such as free checking or money market accounts , should consider other banks.

Customer service and mobile banking experience

Bread Savings representatives are available via telephone on weekdays from 7 a.m. to 9 p.m. CT and weekends and most holidays from 9 a.m. to 5 p.m. CT by calling 1-833-755-4354. Representatives can also be reached via secure message and mail.

Bread Savings also has a mobile app available for download on the App Store and Google Play, with a rating of 4.7 and 4.6 stars, respectively. Customers can use the app to check account balances, transfer money, make deposits with mobile check capture , and more.

Bread Savings has made a commitment to reduce its environmental impact by implementing work-from-home programs and more sustainable commuter transport options such as electric vehicles, ride-sharing, and cycling to work.

Additionally, Bread Savings prioritizes reusing and repurposing electronics and managing energy, water, and paper consumption within its facilities, as well as encouraging eco-friendly supplies, equipment, and systems.

Yes, deposits made into your Bread Savings account are FDIC-insured up to the federal limit of $250,000 per depositor, per institution, per ownership category.

Bread Savings' routing number is 124085325.

Yes, Bread Savings is a division of Comenity Capital Bank, a reputable and FDIC-insured financial institution.

Right now, Bread Savings is offering 4% APY on its high-yield savings account. This is one of the highest savings account rates available today.

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