Is Bread Savings Legit? Safety, Rates and What to Know
Bread Savings accounts are held at Comenity Capital Bank, an FDIC insured bank owned by Bread Financial. Here is how your money is protected, what Bread pays and the trade offs to know.
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Yes. Bread Savings accounts are held at Comenity Capital Bank, an FDIC insured bank in Draper, Utah (certificate 57570). Deposits are insured up to $250,000 per depositor, per ownership category. Bread pays 4.85% APY on its 18 month CD, the highest CD rate we track at our latest check, and 4.05% APY on its high yield savings account (as of Oct 17, 2026).
Bread Savings often tops CD rate tables, but the name is better known for store credit cards than for banking. Here is who stands behind your money and what to check before you open an account.
Who is Bread Savings?
Bread Savings is the online savings brand of Bread Financial, a publicly traded company based in Columbus, Ohio, best known for the store and co branded credit cards it issues. Bread Savings accounts are held at its bank, Comenity Capital Bank. FDIC records show Comenity Capital Bank was established on December 1, 2003, with about $13.9 billion in total assets as of June 30, 2026. We confirmed its certificate, 57570, in the FDIC BankFind database on Oct 17, 2026.
Is my money FDIC insured at Bread Savings?
Yes. Bread says deposits are FDIC insured through Comenity Capital Bank up to $250,000 per depositor for each ownership category. Your Bread savings, CDs and IRAs at the bank count toward that limit together, so add them up before you deposit a large sum. See how to insure more than $250,000.
What does Bread Savings pay?
| Account | APY |
|---|---|
| High yield savings | 4.05% |
| 3 month CD | 3.95% |
| 6 month CD | 4.05% |
| 9 month CD | 4.40% |
| 1 year CD | 4.45% |
| 18 month CD | 4.85% |
| 2 year CD | 4.55% |
| 3 year CD | 4.60% |
| 4 year CD | 4.65% |
| 5 year CD | 4.70% |
Rates from the Bread Savings website: full CD list as of Oct 15, 2026; savings, 9 month and 18 month rates reconfirmed Oct 17, 2026. Savings rates are variable; CD rates are fixed once you open.
Bread raised its 18 month to 5 year CD rates on Oct 15, 2026. Compare every term on our best CD rates page, or see Barclays vs. Bread and Marcus vs. Bread.
Account terms
- Minimum deposit: $100 for high yield savings and $1,500 for a CD. CDs can hold up to $1 million.
- Interest: compounds daily and is credited monthly on CDs.
- Early withdrawal penalty: 90 days of simple interest on CDs under 12 months, 180 days on 12 months to 3 years and 365 days on 4 years and up. The penalty can reduce your principal.
- At maturity: CDs renew automatically at the base rate then in effect, with a 10 day grace period to make changes.
- Products: high yield savings, CDs and IRA versions of both. Bread Savings does not offer a checking account.
What to watch for
- Steep long term penalties. Breaking a $10,000, 5 year CD at 4.70% costs about $470 in interest.
- The $1,500 CD minimum. Barclays has no minimum and Marcus needs $500.
- No checking. You move money by transfer from another bank.
- Rates change. Bread changed its CD rates several times in October 2026; your rate is fixed only once you open and fund the CD.
How to check you are dealing with the real Bread Savings
- Go to breadfinancial.com and choose Savings, instead of clicking links in texts or emails.
- Search FDIC BankFind for certificate 57570 and confirm the name Comenity Capital Bank.
- Bread lists its Bread Savings routing number as 124085325.
- Never share a password or one time code with someone who contacts you.
Our verdict
Bread Savings is legitimate: its accounts are held at an FDIC insured bank owned by a publicly traded company. Its CDs pay some of the best rates we track, especially on 18 months, and its savings rate is solid. The trade offs are the $1,500 CD minimum, penalties that can cut into principal and no checking account. Read our full Bread Savings CD review.
Frequently asked questions
Is Bread Savings a real bank?
Bread Savings is the savings brand of Bread Financial. Accounts are held at Comenity Capital Bank, an FDIC insured bank in Draper, Utah (certificate 57570).
Is Bread Savings FDIC insured?
Yes, through Comenity Capital Bank, up to $250,000 per depositor, per ownership category.
What are Bread Savings CD rates?
Up to 4.85% APY on the 18 month CD and 4.45% on 1 year, as of Oct 28, 2026. See the full table above.
What is the minimum deposit at Bread Savings?
$100 for the high yield savings account and $1,500 for a CD.
Who owns Bread Savings?
Bread Financial, a publicly traded company based in Columbus, Ohio. Its bank, Comenity Capital Bank, holds Bread Savings deposits.
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