APY GUY: Maximize Your Savings & Earnings

Comenity Direct

Bread Savings CD Rates – Now up to 4.25% APY!


Bread Savings, formerly Comenity Direct, has some very competitive CD rates on all 5 of their regular term certificates of deposit.

You may remember Comenity Direct. They regularly topped the charts with the highest yields on both fixed rate CDs and their variable rate online savings account. Today, Bread Savings has maintained the competitiveness of these offers.

See rates and account details below.

Bread Savings CD Rates + Account Details

A Bread Savings certificate of deposit requires a minimum deposit of $1,500 and is federally insured by the FDIC up to $250,000 per depositor.

CD Rates

TermAPY
1 year3.60%
2 year3.75%
3 year4.00%
4 year4.15%
5 year4.25%

To put these yields into perspective, the current national average for a 12 month CD and a 60 month CD sit at just 0.60% APY and 0.74% APY, respectively, according to recent FDIC data.

Bread Savings does not offer any specialty CDs or CDs with durations under 1 year at this time.

They also impose a maximum deposit limit of $1 million per account and $10 million limit per customer.

Compounding Interest

The interest you earn with a Bread Savings CD both accrues and compounds daily. It is then credited and posted back to the account monthly.

Fees

There are no monthly maintenance fees or hidden fees associated with a Bread Savings CD. The only fees you may encounter with your deposit account would be from an outgoing wire transfer or an official check request. Those fees are as follows:

  • $25 per outgoing wire transfer
  • $15 per official check request

If you’d prefer to get paper statements rather than viewing them online, you will also incur a $5 paper statement fee.

Early Withdrawal Fees

If you need to access your funds prior to the maturity of your CD, you stand to lose a portion of your interest but you will not lose any of your principal. Early withdrawal fees are as follows:

  • 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.

Grace Period

Prior to the maturity of your CD, Bread Savings will notify you letting you know the term is almost over. When it is, you will be given a 10 day grace period in which you may withdraw any or all of these funds. If nothing is done within the 10 day window, Bread Savings will automatically renew your CD with the same term and the going APY at that time.