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No individual customer can have more than $1 million in a single Bread Savings account or more than $10 million deposited across multiple accounts. But unlike most banks, Bread limits the amount of deposits it will accept. The increase tends to be around 0.05% APY, so if you’re earning 5.50% APY on a one-year CD, your renewal rate may be 5.55% APY.īread Savings CDs have the standard $250,000 in FDIC insurance. Like most CDs, there are no monthly maintenance fees, but you’ll pay $5 for paper statements, $15 for official check requests and $25 for outgoing wire transfers.īread Savings also increases your rate when you renew a one-, two- or three-year CD for another term. However, early withdrawal penalties apply if you withdraw any of your principal, which is the original deposit you made into the account. So if you want to use your earnings before your CD matures, you can.

Unlike most CD providers, Bread lets you withdraw interest at any time without penalty. Interest compounds daily and arrives in your account monthly. Bread Savings CDs have high yields that compete with most online banks.

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