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: Competitive 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 Saving 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 2026, 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 | 4.00% APY |
| 9-month CD | 4.15% APY |
| 1-year CD | 4.00% APY |
| 18-month CD | 4.00% 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 disclosureBread Savings says: "All Bread Savings APYs are accurate as of 05/21/2026. 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 05/21/2026. NerdWallet.com obtains the data from the various banks that it tracks and its accuracy cannot be guaranteed." | |
Frequently Asked Questions
Is Bread Savings FDIC insured?
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."
What are Bread Savings CD rates today?
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:
*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 disclosureBread 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. Compare grace periods by bank. |
| Main types of account ownership |
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» 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.
» Unsure about CDs? Consider the best high-yield savings accounts instead
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