Bread Savings, a division of Comenity Capital Bank

For information concerning Comenity Capital Bank parent bank, please click here.

Online Rates - May 28, 2023

Your current location is: Ashburn, VA

SAVINGS RATES APY MIN
CD RATES APY MIN

Money that you deposit is held by Comenity Capital Bank. Comenity Capital Bank is an FDIC insured institution founded in 0000. It has approximately $14.89 billion in assets.

Overview 2023

General Information of the Parent Bank

FDIC Insured Yes
Insured Parent Bank Comenity Capital Bank
FDIC Certificate # 57570
Date Established 0000
Assets $14.89 billion
Loans $11.49 billion
Deposits $9.24 billion
Capital $2.04 billion


Customer Reviews for Bread Savings, a division of Comenity Capital Bank (12)

Rated 2.50 stars out of 5 - based on 12 reviews
  • I like the fact that the rate is now competitive, and nothing else about this bank.

    Review on the Parent Bank
  • Some serious amateur hour here. I have a small savings account that is connected to numerous external accounts. I thought I would throw a little into a 5-year CD because it is the top rate on this site, on Deposit accounts and on Best Cash. After logging on, they insist that I fund through Plaid, not letting me use an external account already tied in to my Bread account. When I tried to call and asked to use an external account, the topic was clear above the rep's pay grade.

    Review on the Parent Bank
  • I have no idea who runs this or who the target customer is, but they sure made me feel dumb to be associated with them when I called to try and sort out simple matters. Then, they basically told me that they didn't want my account if I am going to ask them not to send me info on their credit cards and home equity loans. Moved along to CFG and am much happier there.

    Review on the Parent Bank
  • I have to agree with the last 4 reviews. Appears to be a great rate but boy talk about jumping through hoops! I submitted an application on line for an account, two weeks later I was told I needed to send all of my personal information to an address different from the one I applied to. So I did, Then I waited two more weeks and called them (for the 5th time) and was told that I need to wait for an email to confirm it was it was OK to open up an account. Still no email or any explanation 3 weeks later when I called for the 6th time. Sorry to say, I'm moving on... too much frustration to give money to someone. ONE STAR MAX !!

    Review on the Parent Bank
  • my wife and I had $500,000 in a joint account opened in 2020 when it was the top rate (as comenity). we wanted to get the money out to put it into treasuries. i sent a nice note asking them to waive the $10,000 daily limit and after 4 days they wrote back saying my request was considered and denied. unfortunate way to treat customers.

    Review on the Parent Bank
  • Great that the bank raised rates, but they waited until 3 weeks after the Fed move. Had been at 2.15% until last week. So they are slow. Overall, very poor experience.

    Review on the Parent Bank
  • I opened an account here a few months ago when it was Comenity Direct and the rate was the best. It is not competitive at all as I write (still 2.15%; they missed the last 0.75% Federal Reserve change) and I want out. I cannot do it easily. $10,000 at a time will take me forever. The people are nice but this is frustrating. Plus, they are inundating me with cross selling mailings for personal loans and home equity. I would not have done this again.

    Review on the Parent Bank
  • This is nuts! The new system associated with the new brand doesn't allow you to transfer in or out more than $5,000. Other systems of this nature are easily defeated by initiating it from an outside bank, but this is rejected anything from an outside bank over that amount. Run away, don't walk. It isn't just nuts. It's Nutzo!

    Review on the Parent Bank
  • Excellent!

    Review on the Parent Bank
  • I got an email saying that they are changing their name to Bread. Bread strikes me as an awfully silly name. As long as the rates stay as competitive as they are and as the service stays as good as it is, I will live with it.

    Review on the Parent Bank

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Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    ONLINE CD
    Online Bank
    -
    $50,000
    12 Month
    5.20%
    11.02x (National Avg. - 0.47%)
    $1,500
    -
    SCENARIO
    Year Rate
    5.20%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,600 1,820
    2 52,600 2,735 1,915
    3 55,335 2,877 2,014
    4 58,213 3,027 2,119
    5 61,240 3,184 2,229
    6 64,424 3,350 2,345
    7 67,774 3,524 2,467
    8 71,298 3,708 2,595
    9 75,006 3,900 2,730
    10 78,906 4,103 2,872
    11 83,009 4,316 3,022
    12 87,326 4,541 3,179
    13 91,867 4,777 3,344
    14 96,644 5,025 3,518
    15 101,669 5,287 3,701
    16 106,956 5,562 3,893
    17 112,518 5,851 4,096
    18 118,369 6,155 4,309
    19 124,524 6,475 4,533
    20 130,999 6,812 4,768
    TOTAL $87,811 $61,468
  • 2
    LOCAL CD
    Online Bank
    -
    $50,000
    60 Month
    4.00%
    4.67x (National Avg. - 0.86%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.00%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,000 1,400
    2 52,000 2,080 1,456
    3 54,080 2,163 1,514
    4 56,243 2,250 1,575
    5 58,493 2,340 1,638
    6 60,833 2,433 1,703
    7 63,266 2,531 1,771
    8 65,797 2,632 1,842
    9 68,428 2,737 1,916
    10 71,166 2,847 1,993
    11 74,012 2,960 2,072
    12 76,973 3,079 2,155
    13 80,052 3,202 2,241
    14 83,254 3,330 2,331
    15 86,584 3,463 2,424
    16 90,047 3,602 2,521
    17 93,649 3,746 2,622
    18 97,395 3,896 2,727
    19 101,291 4,052 2,836
    20 105,342 4,214 2,950
    TOTAL $59,556 $41,689
  • 3
    LOCAL CD
    Online Bank
    -
    $50,000
    24 Month
    4.30%
    7.26x (National Avg. - 0.59%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.30%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,150 1,505
    2 52,150 2,242 1,570
    3 54,392 2,339 1,637
    4 56,731 2,439 1,708
    5 59,171 2,544 1,781
    6 61,715 2,654 1,858
    7 64,369 2,768 1,938
    8 67,137 2,887 2,021
    9 70,024 3,011 2,108
    10 73,035 3,140 2,198
    11 76,175 3,276 2,293
    12 79,451 3,416 2,391
    13 82,867 3,563 2,494
    14 86,430 3,717 2,602
    15 90,147 3,876 2,713
    16 94,023 4,043 2,830
    17 98,066 4,217 2,952
    18 102,283 4,398 3,079
    19 106,681 4,587 3,211
    20 111,268 4,785 3,349
    TOTAL $66,053 $46,237
  • 4
    LOCAL CD
    Online Bank
    -
    $50,000
    12 Month
    4.75%
    10.06x (National Avg. - 0.47%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.75%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,375 1,663
    2 52,375 2,488 1,741
    3 54,863 2,606 1,824
    4 57,469 2,730 1,911
    5 60,199 2,859 2,002
    6 63,058 2,995 2,097
    7 66,053 3,138 2,196
    8 69,191 3,287 2,301
    9 72,477 3,443 2,410
    10 75,920 3,606 2,524
    11 79,526 3,777 2,644
    12 83,304 3,957 2,770
    13 87,261 4,145 2,901
    14 91,406 4,342 3,039
    15 95,747 4,548 3,184
    16 100,295 4,764 3,335
    17 105,059 4,990 3,493
    18 110,050 5,227 3,659
    19 115,277 5,476 3,833
    20 120,753 5,736 4,015
    TOTAL $76,488 $53,542
  • 5
    LOCAL CD
    Bank
    -
    $50,000
    12 Month
    5.20%
    11.02x (National Avg. - 0.47%)
    $1,000
    -
    SCENARIO
    Year Rate
    5.20%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,600 1,820
    2 52,600 2,735 1,915
    3 55,335 2,877 2,014
    4 58,213 3,027 2,119
    5 61,240 3,184 2,229
    6 64,424 3,350 2,345
    7 67,774 3,524 2,467
    8 71,298 3,708 2,595
    9 75,006 3,900 2,730
    10 78,906 4,103 2,872
    11 83,009 4,316 3,022
    12 87,326 4,541 3,179
    13 91,867 4,777 3,344
    14 96,644 5,025 3,518
    15 101,669 5,287 3,701
    16 106,956 5,562 3,893
    17 112,518 5,851 4,096
    18 118,369 6,155 4,309
    19 124,524 6,475 4,533
    20 130,999 6,812 4,768
    TOTAL $87,811 $61,468