Bread Savings, A Division Of Bread Financial
Online Savings Account - 5.15% 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

Fee and Feature Guide

Savings Account
Interest Rate
APY 5.15%
Minimum deposit amount $100.00
Maximum deposit amount N/A
Balance Requirements
Minimum Opening Deposit $100.00
Minimum Balance to Avoid Fees $0.00
Minimum Required Balance $100.00
Monthly Maintenance Fee N/A
Foreign ATM Fees N/A
Insufficient Funds Fee N/A
Incoming Wires N/A
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
September 29, 2023 5.15%
August 20, 2023 5.00%

Customer Reviews for Bread Savings, a division of Bread Financial (48)

  • 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.

  • May 19, 2023 |

    Online CDs 24 Month Rates

    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.

  • May 1, 2023 |

    Online Savings Rates

    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.

  • March 27, 2023 |

    Online Savings Rates

    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.

  • March 2, 2023 |

    Online Savings Rates

    Worst bank to deal with. Can't be trusted. Stay 2 miles away.

Add Your Review

or use your BestCashCow account