Bread Savings Certificate of Deposit (18 Month CD)

Bread Savings is the online deposits brand of Bread Financial, and the accounts are issued by Comenity Capital Bank. The old breadsavings.com address now redirects to breadfinancial.com, so if you bookmarked the standalone site you will land somewhere unfamiliar. The business itself is open and taking new customers. There is no monthly maintenance fee. The 18 month CD at 4.75% APY is the headline across the nine terms Bread offers, as of October 14, 2026. The full curve: 3 months at 3.95%, 6 months at 4.05%, 9 months at 4.40%, 1 year at 4.45%, 18 months at 4.75%, 2 years at 4.45%, 3 years at 4.50%, 4 years at 4.55% and 5 years at 4.60%. Two things stand out. The 18 month term pays 0.30 points more than the 1 year and 2 year terms, and the longer terms stay in a narrow band: the 2 to 5 year CDs pay 4.45% to 4.60%. The 9 month at 4.40% is the pick if you want a shorter commitment. The entry cost is the main tradeoff. Bread requires a $1,500 minimum opening deposit in a single transaction, and balances are capped at $1 million per account. Interest compounds daily and is credited monthly. The penalty tiers are 90 days of simple interest on terms under 12 months, 180 days on terms from 12 months to three years, and 365 days on terms of four years and up. The 18 month CD therefore costs 180 days of interest to break. There is a 10 day grace period starting the day after maturity in which you can withdraw principal penalty free, and the CD auto renews at the base rate in effect if you do nothing, so set a calendar reminder. This fits a saver with $1,500 or more and a horizon of roughly a year and a half. It also suits anyone building a long ladder, since the 2 to 5 year terms pay 4.45% to 4.60%. Skip it if you have less than $1,500 or if you might need your principal before maturity, because breaking the 18 month CD costs 180 days of interest.