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Bread Savings Review 2026

Bread Savings (formerly Comenity Direct) offers competitive online savings accounts and CDs. Part of Bread Financial, a tech-forward financial services company.

Founded

2018

Headquarters

Columbus, OH

Total Assets

$20 billion

Branches

Online Only

BankingDeal Rating

Based on rates, fees, features, and customer satisfaction

4.1

out of 5.0

Rates & Fees

ProductRate / Fee
Savings APY4.15%
12-Month CD APY4.50%
Checking Monthly FeeN/A

Rates shown are for illustration. Verify current rates directly with Bread Savings.

Products Offered

Savings Accounts
CDs

Pros & Cons

Pros

  • Very competitive CD and savings rates
  • No monthly fees
  • Low minimum deposit for savings
  • Simple, straightforward accounts
  • FDIC insured

Cons

  • Very limited product range
  • No checking accounts
  • Newer brand with less recognition
  • No mobile app until recently

Our Verdict

Bread Savings is a solid choice for those who prefer online banking and want competitive rates without monthly fees. Very competitive CD and savings rates, making it a strong contender in the online banking space. With a savings APY of 4.15%, it offers competitive returns on your deposits.

Related Resources

How to Open a Savings Account
What Is a CD?
Compare Savings Accounts by State
Best Cash Back Credit Cards

Frequently Asked Questions

Is Bread Savings a good bank?

Bread Savings has a rating of 4.1/5 on our scale. Very competitive CD and savings rates. However, very limited product range. Whether it is right for you depends on your specific banking needs and priorities.

What is the savings account APY at Bread Savings?

Bread Savings currently offers a savings APY of 4.15%. This is a competitive rate compared to the national average. Rates are subject to change. Verify current rates directly with Bread Savings.

Does Bread Savings charge monthly fees?

Bread Savings offers checking accounts with no monthly maintenance fee.

What products does Bread Savings offer?

Bread Savings offers Savings Accounts, CDs. As an online-only bank, all services are available through their website and mobile app.

Where is Bread Savings headquartered?

Bread Savings is headquartered in Columbus, OH. Founded in 2018, Bread Financial has grown to manage $20 billion in total assets. It operates exclusively online with no physical branch locations.