The product CD 6-month Account from Bread Savings, a division of Bread Financial with 4.20% APY and $1,500 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $30,179. The interest earned would be $10,179 and the tax amount on the interest earned would be approximately $3,054.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.
| Rate: 0.22% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 44 | 31 |
| 2 | 20,044 | 44 | 31 |
| 3 | 20,088 | 44 | 31 |
| 4 | 20,133 | 44 | 31 |
| 5 | 20,177 | 45 | 31 |
| 6 | 20,222 | 45 | 31 |
| 7 | 20,267 | 45 | 31 |
| 8 | 20,311 | 45 | 31 |
| 9 | 20,356 | 45 | 31 |
| 10 | 20,401 | 45 | 32 |
| TOTAL: | $446 | $312 |
| Rate: 4.20% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 840 | 588 |
| 2 | 20,840 | 875 | 613 |
| 3 | 21,715 | 912 | 638 |
| 4 | 22,627 | 950 | 665 |
| 5 | 23,578 | 990 | 693 |
| 6 | 24,568 | 1,032 | 722 |
| 7 | 25,600 | 1,075 | 753 |
| 8 | 26,675 | 1,120 | 784 |
| 9 | 27,795 | 1,167 | 817 |
| 10 | 28,963 | 1,216 | 852 |
| TOTAL: | $10,179 | $7,125 |
The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.
| Date | APY |
|---|---|
| October 13, 2025 | 4.20% |
| September 29, 2025 | 4.30% |
| September 23, 2025 | 4.40% |
| July 13, 2025 | 4.45% |
| May 22, 2025 | 4.35% |
| May 1, 2025 | 4.40% |
| January 25, 2025 | 4.50% |
| December 4, 2024 | 4.65% |
| November 22, 2024 | 4.70% |
| October 16, 2024 | 4.75% |
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.35% |
$1,000 |
Learn More | |
|
Last change: ↑2.35% on September 16. |
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|
|
4.34% |
$500 |
Learn More | |
|
Last change: ↑1.66% on April 4. |
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|
|
4.34% |
$500 |
Learn More | |
|
Last change: ↑0.66% on February 4. |
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|
|
4.30% |
$50,000 |
Learn More | |
|
Last change: ↓0.15% on September 23. |
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|
|
4.25% |
$25,000 |
Learn More | |
|
Last change: ↓0.16% on September 18. |
||||
Customer Reviews for Bread Savings, a division of Bread Financial (50)
m abram
July 4, 2025 |
Bread's current 6-month CD is 4.45%, not 4.35%.
Is this review helpful? Yes:1 / No: 0
lrcbob
July 26, 2024 |
Multiple roadblocks trying to set up a savings account with Bread Financial, even though I already have a CD with them. My application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, and credits scores that have never been outside the 800s. I took my business elsewhere.
Is this review helpful? Yes:4 / No: 0
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:4 / 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:7 / 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:2 / No: 5
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