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Bread Financial Savings
savings.breadfinancial.comSummary
Bread Financial Savings provides high-yield savings accounts and certificates of deposit (CDs) with competitive interest rates. They offer both standard and retirement-focused savings options, emphasizing no monthly maintenance fees and FDIC insurance. Accounts can be managed online and through a mobile app.
Feature Matches1/12
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Must Have
0 of 5
Instant P2P Transfers
Prepaid Debit Card (Cash App Card)
Early Direct Deposit
Commission-Free Stock Trading
Bitcoin Trading
Other
1 of 7
High-Yield Savings
Fraud Monitoring & Security
Round-Up Savings
Pay Over Time (Afterpay)
Instant Discounts & Offers
Customizable Card Designs
ATM Access & Fee Reimbursement
PricingTiered
See allTiered
High-Yield Savings Account
$100.00 one time
- 4.25% APY
- Interest compounded daily, credited monthly
- Flexible access to your money
- No monthly maintenance fee
- Free incoming wire transfers
- Unlimited mobile check deposits
- Unlimited ACH transfers
- Online and mobile access
- Excellent customer support
- Minimum $100 opening deposit required
- $5 for each paper statement request
- $15 for each official check request
- $25 for each outgoing wire transfer fee
Retirement High-Yield Savings Account (IRA HYSA)
$100.00 one time
- 4.25% APY
- Interest compounded daily, credited monthly
- Tax advantages (Traditional or Roth IRA)
- No monthly maintenance fee
- Free incoming wire transfers
- Unlimited mobile check deposits
- Unlimited ACH transfers
- FDIC insured separately from non-retirement accounts
- Online and mobile access
- Excellent customer support
- Minimum $100 opening deposit required
- Subject to IRA contribution/withdrawal rules and tax consequences
- $5 for each paper statement request
- $15 for each official check request
- $25 for each outgoing wire transfer fee
3-month Certificate of Deposit (CD)
$1,500.00 one time
- 3.80% APY (fixed rate)
- Interest compounded daily, credited monthly
- No monthly maintenance fee
- Free incoming wire transfers
- Unlimited mobile check deposits
- Unlimited ACH transfers
- Automatic renewal with 10-day grace period at maturity
- Online and mobile access
- Excellent customer support
- Minimum $1,500 opening deposit required
- Penalty for early withdrawals (90 days simple interest)
- $5 for each paper statement request
- $15 for each official check request
- $25 for each outgoing wire transfer fee
6-month Certificate of Deposit (CD)
$1,500.00 one time
Popular- 4.45% APY (fixed rate)
- Interest compounded daily, credited monthly
- No monthly maintenance fee
- Free incoming wire transfers
- Unlimited mobile check deposits
- Unlimited ACH transfers
- Automatic renewal with 10-day grace period at maturity
- Online and mobile access
- Excellent customer support
- Minimum $1,500 opening deposit required
- Penalty for early withdrawals (90 days simple interest)
- $5 for each paper statement request
- $15 for each official check request
- $25 for each outgoing wire transfer fee
9-month Certificate of Deposit (CD)
$1,500.00 one time
- 3.80% APY (fixed rate)
- Interest compounded daily, credited monthly
- No monthly maintenance fee
- Free incoming wire transfers
- Unlimited mobile check deposits
- Unlimited ACH transfers
- Automatic renewal with 10-day grace period at maturity
- Online and mobile access
- Excellent customer support
- Minimum $1,500 opening deposit required
- Penalty for early withdrawals (90 days simple interest)
- $5 for each paper statement request
- $15 for each official check request
- $25 for each outgoing wire transfer fee
1-Year Certificate of Deposit (CD)
$1,500.00 one time
- 4.00% APY (fixed rate)
- Interest compounded daily, credited monthly
- No monthly maintenance fee
- Free incoming wire transfers
- Unlimited mobile check deposits
- Unlimited ACH transfers
- Automatic renewal with 10-day grace period at maturity
- Online and mobile access
- Excellent customer support
- Minimum $1,500 opening deposit required
- Penalty for early withdrawals (180 days simple interest)
- $5 for each paper statement request
- $15 for each official check request
- $25 for each outgoing wire transfer fee
18-month Certificate of Deposit (CD)
$1,500.00 one time
- 3.80% APY (fixed rate)
- Interest compounded daily, credited monthly
- No monthly maintenance fee
- Free incoming wire transfers
- Unlimited mobile check deposits
- Unlimited ACH transfers
- Automatic renewal with 10-day grace period at maturity
- Online and mobile access
- Excellent customer support
- Minimum $1,500 opening deposit required
- Penalty for early withdrawals (180 days simple interest)
- $5 for each paper statement request
- $15 for each official check request
- $25 for each outgoing wire transfer fee
2-year Certificate of Deposit (CD)
$1,500.00 one time
- 4.00% APY (fixed rate)
- Interest compounded daily, credited monthly
- No monthly maintenance fee
- Free incoming wire transfers
- Unlimited mobile check deposits
- Unlimited ACH transfers
- Automatic renewal with 10-day grace period at maturity
- Online and mobile access
- Excellent customer support
- Minimum $1,500 opening deposit required
- Penalty for early withdrawals (180 days simple interest)
- $5 for each paper statement request
- $15 for each official check request
- $25 for each outgoing wire transfer fee
3-year Certificate of Deposit (CD)
$1,500.00 one time
- 4.00% APY (fixed rate)
- Interest compounded daily, credited monthly
- No monthly maintenance fee
- Free incoming wire transfers
- Unlimited mobile check deposits
- Unlimited ACH transfers
- Automatic renewal with 10-day grace period at maturity
- Online and mobile access
- Excellent customer support
- Minimum $1,500 opening deposit required
- Penalty for early withdrawals (180 days simple interest)
- $5 for each paper statement request
- $15 for each official check request
- $25 for each outgoing wire transfer fee
4-year Certificate of Deposit (CD)
$1,500.00 one time
- 3.85% APY (fixed rate)
- Interest compounded daily, credited monthly
- No monthly maintenance fee
- Free incoming wire transfers
- Unlimited mobile check deposits
- Unlimited ACH transfers
- Automatic renewal with 10-day grace period at maturity
- Online and mobile access
- Excellent customer support
- Minimum $1,500 opening deposit required
- Penalty for early withdrawals (365 days simple interest)
- $5 for each paper statement request
- $15 for each official check request
- $25 for each outgoing wire transfer fee
5-year Certificate of Deposit (CD)
$1,500.00 one time
- 3.85% APY (fixed rate)
- Interest compounded daily, credited monthly
- No monthly maintenance fee
- Free incoming wire transfers
- Unlimited mobile check deposits
- Unlimited ACH transfers
- Automatic renewal with 10-day grace period at maturity
- Online and mobile access
- Excellent customer support
- Minimum $1,500 opening deposit required
- Penalty for early withdrawals (365 days simple interest)
- $5 for each paper statement request
- $15 for each official check request
- $25 for each outgoing wire transfer fee
Rationale
Bread Financial Savings offers high-yield savings accounts and certificates of deposit, which aligns with the 'High-Yield Savings' feature. However, it does not offer peer-to-peer transfers, a prepaid debit card, early direct deposit, stock trading, or bitcoin trading, which are all must-have features of the Cash App concept. Therefore, it is not a strong match for the overall concept.
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