Bread Savings™ CD Rates 2025: Wide Range of Terms and Competitive Yields

The online bank Bread Savings™ has high yields on short- and long-term CDs, but the minimum deposit is somewhat steep.

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Written by Spencer Tierney
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Edited by Tony Armstrong
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Bread Savings™️ CD
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Bread Savings™ is an online-only bank division of Bread Financial, a company that has had an established presence in the financial sector for decades. The bank has an unusual name, but its CDs have a straightforward perk: Top-of-the-line rates for terms ranging from three months to five years.

Bread Savings™ CDs have a minimum deposit of $1,500, which is higher than the typical minimum of $1,000 that many online banks have.

» COMPARE: See the best CD rates

NerdWallet's take: Bread Savings™ offers high CD rates across the board, which not every online bank does. This trend can make a CD ladder strategy attractive. As rates trend downwards in 2025, now is a good time to open high-yield CDs.

Bread Savings™ CD rates

CD term

CD rate

3-month CD

3.80% APY

6-month CD

4.40% APY

9-month CD

3.80% APY

1-year CD

4.00% APY

18-month CD

3.80% APY

2-year CD

4.00% APY

3-year CD

4.00% APY

4-year CD

4.00% APY

5-year CD

4.00% APY

Bread Savings™ says: "All Bread Savings APYs are accurate as of 04/24/2025. APYs are subject to change at any time without notice. Offers apply to personal accounts only. Fees may reduce earnings. To open a CD, a minimum of $1,500 is required and must be deposited in a single transaction. A penalty will be imposed for early withdrawals on CDs. At maturity, your CD will automatically renew and earn the base interest rate in effect at that time. Rates are compared against competitor rates published by NerdWallet.com and the institutions themselves as of 04/24/2025. NerdWallet.com obtains the data from the various banks that it tracks and its accuracy cannot be guaranteed."

Frequently asked questions

The highest CD rate at Bread Savings™ is 4.40% APY for its six-month CD. Rates on newly issued CDs are subject to change over time.

Yes. As at most banks, funds saved in a CD at Bread Savings™ are insured by the Federal Deposit Insurance Corporation, up to $250,000 per account as the standard cap. If you’d like to confirm FDIC insurance on the BankFind tool, be aware that Bread Savings™ is the brand for Comenity Capital Bank, a Utah-based state chartered bank that’s part of Bread Financial.

Bread Savings™ says: "FDIC insurance up to $250,000 per depositor for each ownership category."

Rates on new CDs fluctuate, but today, Bread Savings™ is offering a rate of 4.00% APY for a 12-month CD, 4.00% for a 3-year CD and 4.00% for a 5-year CD. Read on for more rates and terms.

More details about Bread Savings CDs

Minimum deposit

$1,500. This minimum is higher than the typical minimum that many online banks have, which is $1,000 or less.

Range of CD terms

3 months to 5 years.

This is a wider range of terms than other online banks, given that three-month terms are less common.

Early withdrawal penalty

Varies by term:

  • 90 days' (3 months) worth of interest for CD terms less than 1 year.

  • 180 days' (6 months) worth of interest for CD terms from 1 to 3 years.

  • 1 year's worth of interest for CD terms of 4 years or longer.

*The penalty can include more than interest earned if the withdrawal occurs early enough.

These penalties are on the steeper end. Compare early withdrawal penalties by bank. Compare early withdrawal penalties by bank.

Bread Savings™ says: "For terms shorter than 1 year, the penalty is 90 days simple interest. For terms 12 months to 3 years, the penalty is 180 days simple interest. For terms 4 years and up, the penalty is 365 days simple interest."

Other fees

None, which is common for CDs.

Grace period

10 days after the CD's maturity date. Bread Savings™ CDs automatically renew, so this 10-day window is the only time to withdraw without getting hit by a penalty.

Main types of account ownership

  • Single (or individual) account.

  • Joint account.

  • Custodial account (on behalf of kids).

  • Trust, including payable on death accounts.

» Learn more about accounts on our Bread Savings bank review

What to consider when opening CDs

  • CD rates are fixed. If you open a Bread Savings CD today, its annual percentage yield will stay the same until the CD expires.

  • Be aware of two common rules with CDs: You can’t make partial withdrawals of the original CD amount or add more money after the initial funding of a CD.

  • You lose interest if you withdraw early. CDs are built to keep your money out of sight, out of mind. If you dip into a Bread Savings CD before it expires, there’s an early withdrawal penalty, which means losing some or all of the interest you earned.

  • Interest accrues in a CD during the term, so you can benefit from compound interest. Alternatively, you can request to receive interest during the term to another bank account at Bread Savings or another bank.

  • CDs auto-renew unless you opt out. To avoid renewal, withdraw during the grace period.

  • Compounding frequency doesn’t often help you compare rates. Like a savings account, a CD’s rate is primarily quoted as an annual percentage yield (APY), meaning the annual interest rate that factors in compounding. You can compare two interest rates with different compounding periods using APY. Alternatively, if you only know a CD’s interest rate, you need to know the compounding frequency — often daily or monthly — to estimate your return. Learn more about APY vs. interest rate.

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