About Bread Financial
In 1996, J.C. Penney's credit card processing division merged with The Limited's credit card bank company to form World Financial Network National Bank. In 2022, the company rebranded itself as Bread Financial and offers online banking products as well as several loan products.
Bread Financial Overview
Bread Financial (formerly Comenity) is an online bank that offers CDs and high-yield savings accounts.
| Competitive APYS on its CDs. | Online bank with no physical branches. |
| Competitive APY on its high-yield savings account. | No ATMs available. |
| No monthly service charges. | Limited product offerings. |
| Money can only be moved via external transfers. |
Bread Financial Offerings
CDs
A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period, known as a term. Bread Financial offers CDs with terms ranging from one to five years. The APYs on all of its CDs are higher than the national averages of 2.60%. Here are the details for some of the bank's CD offerings for the month! and 2025:
Savings Accounts
A savings account is an interest-bearing account that pays you interest while you save for your financial goals. Bread Financial offers one high-yield savings account with a competitive APY that is higher than the national average yield of 1.45% for savings accounts. Here are the latest savings account details for April 2025:
Bank Fees
Overdraft fee: None
Savings and Money Market Account excess withdrawals: None
Account closure fee: None
Dormant account fee: None
Wire transfer fee: Domestic - Incoming is $0 and outgoing is $25; International - Incoming is $0 and outgoing is $25
Non-network ATM fee: N/A
Monthly service charge: None
Stop payment fee: None
Paper statement fee: $5
Bread Financial Features
Bread Financial's customer service line is available every day from 8 a.m. to 8 p.m. EST via phone. The 24-hour automated line is also available for basic account information and functions. Bread Financial does not operate any branches, nor does it have any ATMs. All transfers to and from have to be made via ACH. The bank has an easy-to-use mobile app that allows customers to check balances, deposit checks, pay bills, and process Zelle transactions.
Bread Financial FAQs
Our Take
Bread Financial offers CDs with excellent and above-average APYs. Although the minimum opening deposit amount may be a bit higher at $1,500, the fact that the APY is above the national average for every term makes it an even trade-off. Its high-yield savings account also offers an excellent APY that is higher than many other online banks. If you don't mind not being able to walk into a branch and are okay with only being able to access your money via ACH to another bank, this bank may be a very good option to consider.
Methodology
Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.