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Bread Savings High Yield Savings Account Review
Our take: A high rate with no monthly rules or monthly fee, from the same bank as the Bread CDs we review.
Pros
- 4.05% APY with no monthly rules
- No monthly maintenance fee and free incoming wires
- Same bank as Bread CDs, so savings and CDs sit together
Cons
- $100 minimum, in a single deposit
- No ATM card or checking account
- Balance limit of $1 million
Key facts
- APY
- 4.05%
- Requirements
- None
- Minimum to open
- $100
- Minimum to earn APY
- None
- Monthly fee
- No monthly fee
- ATM access
- None, transfers only
- Current offer
- None right now
- Insurance
- FDIC insured through Comenity Capital Bank up to $250,000 per depositor, per ownership category
- FDIC certificate
- 57570 (Comenity Capital Bank, Draper, UT)
- Who can open
- Personal accounts only.
- Mobile app
- Bread Savings app: 4.7 on the App Store, 4.7 on Google Play (Oct 19, 2026)
Source: Bread Savings website, checked Oct 27, 2026. Insurance details from the FDIC BankFind database.
Bread Savings High Yield Savings pays 4.05% APY on the whole balance with $100 to open and no monthly maintenance fee. There are no direct deposit or monthly rules. Accounts are held at Comenity Capital Bank (FDIC certificate 57570), a Bread Financial company. Rate accurate as of Oct 27, 2026, checked on Oct 27, 2026.
Bread Savings savings rate and terms today
| Feature | Details |
|---|---|
| APY | 4.05% on the whole balance |
| Minimum to open | $100 (single deposit) |
| Maximum deposit | $1 million |
| Monthly fee | None |
| Interest | Compounded daily, credited monthly |
From Bread Savings’ high yield savings page. Bread says the rate is variable and may change after the account is opened.
Our take
Bread Savings pays a high standard rate with no monthly rules and no monthly fee. It is the same bank behind the Bread CDs we review, so you can keep savings and CDs in one place.
You need $100 to open, made in a single deposit, and there is no ATM card or checking account, so money moves by transfer.
What you need to open it
- Apply online at Bread Savings
- An opening deposit of at least $100 in a single transaction
Fees
Bread lists no monthly maintenance fee, free ACH transfers, free incoming wire transfers and unlimited mobile check deposits. It says it is upfront about fees for other account services.
How you move money
You manage the account online and in the Bread Savings app. Money moves by ACH transfer, wire or mobile check deposit. ACH deposits received before 5 p.m. CT on a business day start earning interest that day.
Is Bread Savings safe?
Yes. Comenity Capital Bank is FDIC certificate 57570, which we confirmed as active in the FDIC BankFind database, with about $13.9 billion in assets as of June 30, 2026. Deposits are insured up to $250,000 per depositor, per ownership category.
Who it is best for
- Savers who want a high rate with no monthly rules
- People who also want CDs at the same bank
Who should look elsewhere
- People who want ATM or debit access from savings
- Anyone starting with less than $100; compare Pibank Savings
How we rated it
It earns top marks on rate, fees and its app. It loses points on access, since money moves by transfer and there is no ATM card, and on minimums for the $100 opening deposit.
How Bread Savings compares
| Account | Rating | APY | Min to open | ATM card |
|---|---|---|---|---|
| Elevault High Yield Savings | 4.6 | 4.34% | $0 | No |
| EverBank Performance Savings Account | 4.6 | 4.20% | $0 | No |
| Happen Bank LevelUp Savings | 4.6 | 4.20% | $0 | Yes |
| Bread Savings High Yield Savings Account | 4.6 | 4.05% | $100 | No |
| Peak Bank Envision High Yield Savings | 4.5 | 4.27% | $100 | No |
| Newtek Bank Personal High Yield Savings Account | 4.5 | 4.20% | $100 | No |
| Openbank High Yield Savings Account | 4.5 | 4.00% | $500 | No |
| E*TRADE Premium Savings | 4.5 | 3.75% | $0 | No |
| Axos ONE Savings | 4.4 | 4.21% | $0 | Yes |
| Always.bank High Yield Savings Account | 4.4 | 4.10% | $0 | No |
| Barclays Tiered Savings | 4.4 | 3.50% | $0 | No |
| Capital One 360 Performance Savings | 4.4 | 3.20% | $0 | No |
| Valley Direct High Yield Savings | 4.3 | 3.30% | $1,000 | No |
| Ally Bank Savings Account | 4.3 | 3.20% | $0 | No |
| American Express High Yield Savings Account | 4.3 | 3.20% | $0 | No |
| Pibank Savings | 4.2 | 4.40% | $0 | No |
| Western Alliance Bank High Yield Savings Premier | 4.2 | 3.80% | $500 | No |
| Ivy Bank High Yield Savings Account | 4.1 | 4.00% | $2,500 | No |
| SoFi Checking and Savings | 4.1 | 3.30% | $0 | Yes |
| Alto Online Savings (BMO) | 4.0 | 3.00% | $0 | No |
Bread Savings savings FAQ
What is the Bread Savings high yield savings rate?
4.05% APY as of Oct 27, 2026. The rate is variable and may change after you open the account.
Is Bread Savings a real bank?
Bread Savings deposit products are provided by Comenity Capital Bank, an FDIC insured bank in Draper, Utah (FDIC certificate 57570), a Bread Financial company.
Is there a minimum deposit?
Yes. $100, made in a single transaction. You can deposit up to $1 million.
Are there fees?
Bread lists no monthly maintenance fee, free ACH transfers, free incoming wires and unlimited mobile check deposits.
Ready to open Bread Savings High Yield Savings Account?
Rates as of Oct 27, 2026. Confirm the current rate and terms on the provider’s site before you apply.