Bread Savings High-Yield Savings Account

Bread Savings is the online deposit business of Bread Financial, the publicly traded credit card issuer formerly known as Alliance Data. Its high-yield savings account pays 4.05% APY as of October 14, 2026, a single rate with no balance tiers on deposits from $100 up to $1 million, with deposits held at Comenity Capital Bank and FDIC insured up to $250,000 per depositor, for each ownership category. The numbers are simple: a $100 minimum opening deposit funded in a single transaction, no monthly maintenance fee, and no charge to move money by ACH. Incoming wires and mobile check deposits are also free and unlimited. Interest compounds daily and credits monthly, and the page shows one APY with no tiers, so there is no tier gamesmanship once the account is open. There is no fee if the balance later falls below $100. The fine print is mostly about getting money out. Withdrawals run through ACH transfers or a $25 outgoing wire. Official checks cost $15 and paper statements $5. The page describes a savings account and does not describe a checking account or an ATM card, so you will want a checking account at another institution to act as your hub for bills and spending. The rate is variable, so it can change at any time without notice; check the figure on Bread's page before you open or fund the account. This account fits savers who want an online savings account from Bread and plan to leave the money mostly alone. Skip it if you want an all-in-one bank, since you will need checking elsewhere, or if you expect to move money often, since outgoing wires cost $25 and official checks $15. It works best as a parking spot for an emergency fund or short-term savings you touch a few times a year.