Bread Savings, A Division Of Bread Financial:
Online Certificate of Deposit - 4.65% APY
• $100 minimum opening balance
• Maximum deposit balance limit of $10 million per Account holder
• No hidden fees
• Free monthly maintenance
• Free ACH transfers
• Free online statements
• Free incoming wire transfers
• Unlimited deposits via mobile check capture and ACH transfer
• $25 per outgoing wire transfer
• $15 per official check request
• $5 per paper statement request
• Auto-renew at maturity or cash out without penalty within the 10-day grace period
Fee and Feature Guide
| Certificate of Deposit | |
|---|---|
| Interest Rate | |
| APY | 4.65% |
| Term Length | 24 Month |
| Minimum deposit amount | $1,500.00 |
| Maximum deposit amount | N/A |
| Balance Requirements | |
| Minimum Opening Deposit | $1,500.00 |
| Minimum Balance to Avoid Fees | $0.00 |
| Minimum Required Balance | $0.00 |
| Fees | |
| Early withdrawal penalty | 180 days interest |
| Monthly Maintenance Fee | N/A |
| Foreign ATM Fees | N/A |
| Insufficient Funds Fee | N/A |
| Incoming Wires | N/A |
| Statements | |
| Paper Statements | Yes |
| Online Statements | Yes |
| Online and Telephone Banking | |
| Online Banking | Yes |
| Telephone Banking | Yes |
| Mobile Banking | Yes |
| Deposit Checks with Mobile Device | Yes |
| Free Bill Pay | Yes |
| Online Bill Payments Required | Yes |
| Account Opening | |
| Open Online | Yes |
| Insured by | F.D.I.C. |
Recent Rate Changes
| Date | APY |
|---|---|
| February 2, 2024 | 4.65% |
| January 19, 2024 | 4.75% |
| January 5, 2024 | 4.80% |
| December 22, 2023 | 4.90% |
| December 8, 2023 | 4.95% |
| December 1, 2023 | 5.00% |
| October 27, 2023 | 5.25% |
| September 29, 2023 | 5.15% |
| August 20, 2023 | 5.00% |
Customer Reviews for Bread Savings, a division of Bread Financial (48)
Rad
August 13, 2023 |
Yup Bread has 5k daily and 30k monthly limit on ach transfers. It's low but there are other banks who have similar ach limits if not lower like Valley Direct Bank and BMO Alto. The part that bothers me is that Bread doesn't list it anywhere on there website but they are not the only ones, so it's not fair to pick on Bread. The main reason is due to security, but the downside is that customers who went to transfer more out are limited and will be blocked.
Heard of success stories of others requesting for a ach increase upto 100k daily but that is not always guaranteed. I guess most people just make the low ach limits work somehow? Either through planning ahead and making multiple transfers or getting an increase or just going with another bank with higher ach limits.
For me, ach limits has never been a problem because I hardly ever transfer out.
Is this review helpful? Yes:3 / No: 0
Mikeb1
May 19, 2023 |
Was very easy to set up. Worked well did not reject my application like many others. It took me less than 10 minutes and it was all set up.
Is this review helpful? Yes:6 / No: 0
TwilioDan
May 1, 2023 |
This is a terrible bank. Not sure how they took to the name "Bread". Carnage would be better. The woman on the phone had a nice voice though.
Is this review helpful? Yes:1 / No: 5
RogW57
March 27, 2023 |
Rate may look competitive but you'll fall into the black hole of awful service and constant cross selling the moment you open an account.
Is this review helpful? Yes:4 / No: 2
SHG
March 2, 2023 |
Worst bank to deal with. Can't be trusted. Stay 2 miles away.
Is this review helpful? Yes:4 / No: 4
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