Bread Savings CD Rates

Although Bread Savings has a bit of a bland name, it actually offers some pretty exciting CD options if you’re looking to maximize your earnings. Bread Savings CD rates are currently some of the highest being offered by any bank, as of publication. 

But as with any bank, there are limitations. Bread Savings CDs are a good choice if you have at least $1,500 you can part ways with temporarily, to be reunited with later (and with a good bit of interest, too).

The APYs listed below are up to date as of the date of publication of this article. We review CD rates every two weeks and update the information below accordingly.

Bread Savings CD Account Overview

CD TermAPYInterest RateMinimum Deposit
1 year5.20%5.07%$1,500
2 years5.00%4.88%$1,500
3 years4.50%4.40%$1,500
4 years4.35%4.26%$1,500
5 years4.25%4.16%$1,500

Bread Savings CDs: Key Features

APY Range4.25%–5.20%
Minimum Deposit$1,500
Term Range1–5 years
Early Withdrawal Penalty180 days’ interest for 1-, 2-, or 3-year CDs
365 days’ interest for 4- and 5-year CDs

Bread Savings offers a simple yet valuable range of CDs. Instead of giving you a case of analysis paralysis with lots of different offerings and conditions, Bread makes it easy to make a decision: You get a choice of five different CD options, at one-year intervals. As of publication, the rates offered on these CDs are especially good—even for the shorter-term options—compared with most other banks and credit unions. 

The only downside of these CDs is the relatively high minimum deposit requirement of $1,500 per CD. Many banks charge higher amounts, to be sure. But there’s also a plethora of other CDs available offering these same rates, but with no minimum deposit requirement. 

If Bread Savings changed this policy it would be more accessible to everyone, regardless of where you are on your savings journey. As it currently stands, only high-balance savers can access these CDs, especially if you’re hoping to open multiple CDs using a CD ladder strategy.

About Bread Savings

Bread Savings is an online-only financial institution specializing in high-yield savings accounts and CDs. If you’ve ever heard of Comenity Bank, the issuer of many popular retail store credit cards, you may be familiar with Bread Savings. A division of the company rebranded in March 2022, switching things up to offer more customer-friendly savings accounts into the mix—such as these high-yield CD accounts. 

Bread Savings does have a maximum deposit limit of $1,000,000 per CD, and $10,000,000 per customer. However, we don’t recommend keeping more than $250,000 in the account because unlike some other banks, Bread Savings doesn’t offer a CDARS or ICS program that spreads your larger balances out among banks in order to keep the same FDIC protection on a larger balance of money. 

Bread Savings isn’t a full-service bank with a checking account, so it’s also a good choice if you’re looking to keep your savings a bit more separated from your everyday bank accounts. 

Compare Savings Account Rates

Do CDs at Bread Savings Auto-Renew?

Yes. When your Bread Savings CD matures and its term ends, it’ll auto-renew for another term. When it renews, it’ll do so at the then-current rates, not necessarily at the rates you were earning during your prior term. You will have a 10-day grace period when you can withdraw the money penalty-free if you want to use it.

What Is the Minimum Deposit to Open a CD Account at Bread Savings?

Bread Savings requires a minimum $1,500 deposit for its CDs. This is slightly higher than average, especially considering that there are many options for CDs these days with no minimum deposit requirements. 

Can You Ladder CDs at Bread Savings?

Yes, you can create a CD ladder with CDs from Bread Savings. It even offers a handy CD ladder calculator on its website that can help you plan out a good CD ladder strategy given how much you have to invest, letting you know how much you can expect to earn in return.

Is There an Early Withdrawal Penalty for CDs at Bread Savings?

Yes, Bread charges early withdrawal penalties. If you withdraw your money early from a CD with a term shorter than one year, you’ll pay a penalty of 90 days worth of interest; for a one-, two-, or three-year CD, you’ll pay an early withdrawal penalty of 180 days’ worth of interest. And for terms of four years and up, you’ll pay an early withdrawal penalty of 365 days’ worth of interest. 

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